Analyse the merits of IS/PC/MR and IS/LM/AD models in illustrating the effectiveness of QE on the aggregate demand

Comprehensive cycle problem: Perpetual System
At the beginning of 2011, the Jeater Company had the following balances in its accounts: Cash $4,300 Inventory $9,000 Common Stock $10,000 Retained Earnings $3,300 During 2011, the company experienced the following events. 1) purchased inventory that cost $2,200 on account from blue company under terms 1/10,n/30. the merchandise was delivered FOB shipping point. freight costs of $110 were paid in cash. 2)returned $200 of inv. that it had purchased b/c inv. was damaged in transit. The freigh co. agreed to pay return freight cost. 3) paid amnt due on account payable to blue co. w/in cash period 4) sold inv. that had cost $3,000 for $5,500 on accnt under terms 2/10,n/45 5) receive merch returned from a customer. merch originally cost $400 and was sold to customer for $710 cash. The customer was paid $710 cash for returned merch 6) delivered goods FOB destination in event 4. freight costs of $60 were paid in cash 7) collected amnt due on accounts receivable w/in discount period 8) took a physical count indicating that $7,970 of inventory was on hand at the end of the accounting period
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