Studying economics can be really boring, because of the amount of technical terms that can be difficult for everyone to understand, but it is important to learn economics as we deal with it in our daily life.
All of our activities are related to economics, as economics is defined as the science that studies the economic process, the distribution of wealth and resources for satisfying human needs and well-being.
Through economics we can understand several variables that impact our lives, such as:
- manage personal finances,
- understand the world's economic scenario,
- understand the news,
- make investments.
Therefore, it is necessary for each individual to have a base of economic knowledge to better understand how and why things happen in the world and how they directly impact our lives.
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Answer:
C. Labor becomes more divided as workers focus on certain skills.
Explanation:
Apex- Econ
<span>This would be her frontal lobe. This part of the brain is responsible for higher-order thinking and rational decision-making. Neural network growth is expansive at early ages, with children being able to make decisions for themselves that show signs of being rational and thought-out.</span>
The journal entry of a building being purchased will be, a debit in the building account by $60,000; and the cash account and payables account will be credited by $20,000 and $40,000 respectively.
<h3>What is a Journal Entry?</h3>
A method of recording the monetary transactions of a business firm throughout a financial period, in such a way that effects of the same are reflected in the financial statements, is known as recording of journal entries.
Hence, the effect of the journal entry has been given above, and an image is also provided for better understanding of the concept for the readers.
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Answer:
amount of net sales = $1370,000
so correct option is b. $1,370,000
Explanation:
given data
Increase in Accounts Receivable = $370,000
Cash Received = $1 million
to find out
amount of net sales
solution
we get here amount of net sales that is express as
amount of net sales = Cash Received + Increase in Accounts Receivable .............1
put here value we get
amount of net sales = $1000000 + $370,000
amount of net sales = $1370,000
so correct option is b. $1,370,000
