Answer:
d. Sales Returns and Allowances and a credit to Accounts Receivable.
Explanation:
The entry to record credit granted to customer entails :
Decrease the Assets of Accounts Receivable (credit entry) and Decrease the Sales Revenue (debit entry).
The Recognition of Sales Return and Allowance decreases Sales Revenue.
If the Fed wishes to ensure that inflation does not get out of hand, the Fed could lower the <em>target money supply growth rate</em>.
Inflation is when the general price levels in an economy increases persistently overtime. The policy tools that the Fed can use to control general price levels in the economy is known as monetary policy.
There are two types of monetary policy :
- Expansionary monetary policy : these are steps taken by the Fed to increase the supply of money in the economy. These steps include reducing the <em>target Funds rate, decreasing the reserve requirements and carrying out open market purchase</em>.
- Contractionary monetary policy : these are steps taken to reduce the money supply in the economy. These steps include reducing the <em>target money supply growth rate and carrying out an open market sales. </em>
To learn more about monetary policy, please check: brainly.com/question/15566475?referrer=searchResults
Answer:
The correct answer is Place Utility
Explanation:
Place Utility is the utility that a good has because of the place where it is located. A product that has high place utility is a product that is near customers, or that can change locations in order to be even nearer to the customers.
This is a fancy way to say that delivered products are useful because they are available at your doorstep, which is the most convenient place possible. This is the principle from which Amazon has built. Amazon depends on the place utility of the products it offers.
Answer:
the LIFO inventory value at 2014 year end is $1.3 billion
Explanation:
The calculation of the LIFO inventory value at 2014 year end is as follows
LIFO inventory value at year-end 2014 is
= FIFO inventory - LIFO reserve
= $2.1 billion - $0.8 billion
= $1.3 billion
Therefore, the LIFO inventory value at 2014 year end is $1.3 billion
The same is to be calculated by applying the given formula
