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Answer:
An indifference curve describes how a consumer is indifferent to goods and services and its various combinations at a given total earnings. Demand and consumption forms the primary base of the indifference curve and the curve is usually drawn from the position of the customer involved.
PPC means production possibility curve and it helps in the enlightenment of the production possibilities of two different set of goods. Production, technology and available resources forms its primary base and the curve is usually drawn from the position of an economy in perspective.
The personal responsibility and work opportunity reconciliation act turned welfare programs over to the states.
<h3>What is The Personal Responsibility and Work Opportunity?</h3>
The Personal Responsibility and Work Opportunity serves as an act in 1996 which stop the federal government from reaching out to disadvantaged parents directly.
Therefore, The Personal Responsibility and Work Opportunity act allowed the state to handle the disbursement process.
Learn more about The Personal Responsibility and Work Opportunity at
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1. people could win salvation only by faith in God's gift of forgiveness
2. all church teachings should be based on the words of the Bible
3. all people with faith were equal, people didn't need priests to interpret the bible
Answer:
a.One entry creates an estimated returns inventory account.
b.One entry records the sales of goods to customers.
Explanation:
If a customer purchased a product on credit and returns that product for a refund, the business would have to make specific adjustments to its financial statements. The company would first make a debit entry to sales returns and allowances that equals the exact amount of the purchase
