With the given information, I assume that Holden works in financial services, probably in the sales side of the company. This could be investments or a commercial bank.
The section of the continuity plan that provides instructions for all personnel is the concept of operations.
The journal entry that is needed to record the needed adjustment is;
Cost of Goods sold: 1,000 debit
Merchandise Inventory: 1,000 credit
When making the journal entry the company needs to adjust for the lower amount of merchandise that they have. Then the cost of the goods that were sold needs to be debited. Lastly, the merchandise inventory is credited.
It is imperative that all companies keep an updated journal. This helps to keep the balances correct. If the company has an audit and the adjustments aren't made correctly they could be fined.
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Answer:
C. price equals marginal social benefit for consumers and price equals marginal social cost for producers
Explanation:
that means simply your a business man seller
