Under the perpetual inventory system, in addition to making the entry to record a sale, a company would A. increase Cost of Goods Sold and decrease Inventory B. make no additional entry until the end of the period C. increase Inventory and decrease Cost of Goods Sold D. increase Cost of Goods Sold and decrease Purchases

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.