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For each of the transactions listed below, identify the journal that should be used to record the transaction. Use CR for cash receipts journal, CP for cash payments journal, S for sales journal, P for purchases journal, and G for general journal.
-Received an allowance for some merchandise that was slightly damaged but can be sold at a reduced price; received a credit memorandum.
Optimal Employment
The level of employment where the productivity is maximized in relation to the number of employed workers.
Marginal Product
The extra output that is produced by using one more unit of a factor of production, like labor or capital, holding other factors constant.
Level of Employment
The sum of all individuals currently holding either full-time or part-time jobs within the economy.
Motor Manufacturing Technology
The techniques, machinery, and processes used in the production of motors and engines.
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