Which budget guides day-to-day operations in a business?

Reid Art Supply Company uses a perpetual inventory system. The company had the following transactions during August 2017:

Aug. 5: Purchased $2,900 of merchandise on account. Freight and credit terms were FOB shipping point, 3/15, n/60. Aug 9: Paid transportation costs of $440 for the Aug. 5 purchase. Aug. 10: Returned $600 of defective merchandise that had been purchased on Aug. 5. Aug. 15: Paid for the merchandise purchased on Aug. 5. Give journal entries for August 10 and 15. What will be an ideal response

Which of the following is least likely to be caused by poor fiscal and monetary policies of a nation's central bank?

A) high rates of inflation B) increasing budget deficits C) depreciating currency D) increasing levels of innovation