According to the taylor rule if the target rate of inflation for the fed is 2 percent and real gdp rises by 1 percent above potential gdp, then the fed . raise the real federal funds by one percentage pointb. lower the real federal funds rate by one percentage pointc. raise the real federal funds rate by half of a percentage pointd. lower the real rederal funds rate by half of a percentage point

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)