Answer: C
Explanation:
An emergency contact number for lost card makes no sense when it comes to an advantage to using credit cards.
Answer:
d. Adjustment data are assembled and analyzed.
h. Closing entries are journalized and posted to the ledger.
Explanation:
The fourth step is missing which is to adjust the data. After the unadjusted trial balance is prepared, if the debit side and the credit side do not match, the data will need to be adjusted and that is what this step is for.
The penultimate step is also missing being the journalizing of the closing entries and posting them to the ledger. This is done to close out the accounts for the year and bring all accounts except permanent ones to zero.
"When the price of a product falls, the purchasing power of our money income rises and thus permits consumers to purchase more of the product." This statement describes the rationing function of prices. Option C. This is further explained below.
<h3>What is the price?</h3>
Generally, price is simply defined as the set price you'll need to pay for a commodity.
In conclusion, When a product's price drops, buyers have more discretionary income and may afford to buy more of it. In this sense, prices serve as a rationing mechanism.
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