Answer:
b. increase expenses by $12,900
Explanation:
The final balance of Store Supplies were 19,350, but the actual year-end store supplies inventory were 6,450. That means that from all purchase 12,900 (19,350 – 6450) were used during the accountable year, therefore, those were expenses that should be recognized.
The adjusting entry is: Debit supplies expense for 12,900 and credit supplies for an equal amount.
<u>Answer:</u> In regard to service quality, this is a function of reliability
<u>Explanation:</u>
Service quality is the expectations of the consumer when compared to other providers and it is based on the performance of the company. Service provider is rated with high quality of service when the customer needs are met and the service is economically valuable when compared to the competitors.
Reliability means the capability of the service provider to give timely and quality service. Reliability is also where the service provided is of high quality and same during all the times.
Using monetary policy, more specifically short-term interest rates, if the economy is facing a recessionary gap, we will decrease the interest rate and increase the aggregate demand.
What is Monetary policy?
The central bank's macroeconomic policy is known as monetary policy. It is a demand-side economic strategy used by a nation's government to achieve macroeconomic goals including inflation, consumption, growth, and liquidity. It involves managing the money supply and interest rate.
The decisions made by central banks to affect the cost and accessibility of money in an economy are known as monetary policy. Interest rate changes and adjustments to bank reserve requirements are examples of monetary policy strategies. The Federal Reserve frequently employs the discount rate, open market operations, and reserve requirements as its three primary monetary policy tools.
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Answer:
Gross income = $1,000
Explanation:
Given:
Total beneficiary of insurance amount = $100,000
Total number of equal payment = 10
Each installment amount receives = $11,000
Computation of each payment amount proposed:
Each payment amount proposed = $100,000 / 10
Each payment amount proposed = $10,000
Computation of gross income:
Gross income = Each installment amount receives - Each payment amount proposed
Gross income = $11,000 - $10,000
Gross income = $1,000
The correct answer is a debit.
Even though the value of the inventories decreased from 2016 to 2017, inventories is an asset account. Normal asset accounts have a debit balance.