Answer:
Assets increase by $5,000 increase, equity decrease by $5000
Explanation:
The accounting equation is expressed as below.
Assets = Liabilities + shareholders equity
- Assets are valuable items that the business owns.
- Liabilities are the debts of the business.
- Shareholder equity is the owner's capital, plus the retained earnings.
The transaction by Celery Company involves buying supplies valued at $5000 by cash.
- Since celery paid cash, no liabilities were incurred. The shareholder money (Equity) decreased by $5000.
- Supplies worth $5000 were acquired. The suppliers belong to the business; they are valuable items( assets) to the business.
Answer:
U.S. dollar falls.
Explanation:
Comparative advantage is defined as the ability of a nation to produce a good or service at lower cost than other countries that also produce the good. This is the basis of international trade because countries tend to specialise in producing the products in which they have comparative advantage, while importing those in which they do not have comparative advantage.
If the United States has lost comparative advantage in an industry. To regain it if the US dollar loses value, the wages in the United States will be lower than those in other countries. The relatively lower wage will help the United States regain competitive advantage.
The answer to the following question is d services
Answer:
The ordinal measurement
Explanation:
In this question, we are concerned with knowing the level of measurement used by this scale
The correct answer to this is the ordinal measurement.
What the ordinal scale does is that it places events in order but it does not take into account the fact that the intervals of the scale need to be equal using some sets of rule.
It only places the intervals into groups of subdivisions without having a rule that uses an interval to place members of each subdivision into their class