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____ [38]
2 years ago
9

Which of the following would be most likely associated with the expansionary phase of the economic business cycle?

Business
1 answer:
Marat540 [252]2 years ago
6 0
I’m not exactly sure but- expansion is the phase of the business cycle where real GDP grows for two or more consecutive quarters, moving from a trough to a peak. This is typically accompanied by a rise in employment, consumer confidence, and equity markets. Expansion is also referred to as an economic recovery. Knowing this, it cannot be A where unemployment is high or B where inflation is high because inflation is the rise in the general level of prices where a unit of currency effectively buys less than it did in prior periods, it shouldn’t be D because the profits wouldn’t be on a decline, so making a guess using elimination it’s most likely C businesses produce more and hire workers
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c. Universal Computer Corp.’s purchase of a competitor’s subsidiary.

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Ferguson corp. purchased inventory on account for $20,000. the entry to record this transaction would include?
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The entry to record this transaction would include:

Dr. Inventory $20,000

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What does it mean to purchase inventory on account?

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As a result, the liability of Ferguson corp. has increased, specifically, the company would credit accounts payable with $20,000 such that inventory, which is the receiving account is debited with the same amount

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1 year ago
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$3,500

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1.While the wants and needs of consumers are unlimited, productive
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