C. Inflation
If you require clarification on why, feel free to comment!
Answer:
$ 5,937.00
Explanation:
The credit to retained earnings in the year would be the net income for the year which is computed as sales and rent revenue added together minus salaries and wages expense,depreciation expense , utilities expense recorded in the year.
Net income=$13,108+$2,756-$6,639-$1,610-$1,678=$ 5,937.00
All in all,the credit to retained earnings would be $ 5,937.00
The net income is the amount by which the overall retained earnings would increase in the current year
Answer: $0
Explanation:
Demand deposits are deposits made by the public into a bank and as such are considered liabilities to the bank.
If the Federal Reserve was to purchase $5,000 worth of bonds from this bank (does not matter which bank), the demand deposits would not be affected because the public will still be owed the same amount of money that they put into the bank and the Fed buying bonds will not change that.
An increase in money supply will increase <u>the price level, but not real GDP. </u> This is the principle of monetary neutrality.
The actual Gross Domestic Product or GDP won't change even if the money supply increases and the price level does as well since, according to the monetary neutrality, changes in the money supply have actually no impact on real variables.
Also, in principle of monetary neutrality, changes in the money supply can have a temporary impact on employment and production, which are part of real GDP or actual economic variables.
The neutrality of money, often known as neutral money, is a theory that contends that, rather than actual economic variables, changes in the money supply might have an impact on the pricing of goods and services but the economy's fundamental structure and circumstances remain unchanged.
More on classical dichotomy and monetary neutrality here: brainly.com/question/27389663
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Answer:D. Increasing the allowance for sales returns by an amount that is less than the actual returns recognized for the period may indicate either the company is attempting to increase profit for the period or its estimates that less of its products will be returned in the future.
Explanation:Sale returns is a term used in Financial accounting to mean the adjustments made to the sales due to the actual return of a mechandise by a customer who has made purchase of that mechandise previously.
SALES RETURNS ARE USUALLY RECORDED IN THE "SALES RETURN AND ALLOWANCE" RECORDED IN THE INCOME STATEMENT AS A DEDUCTION.
For a successful sales return to be achieved,it must be accompanied with actual product or mechandise return and refund.
