Answer:
Adjusting Entries
Date Accounts titles and Explanation Debit Credit
1. Supplies expense $500
Supplies expense $500
2. Insurance expense $300
Prepaid Insurance $300
3. Depreciation expense $
70
Accumulated depreciation $70
- equipment
4. Unearned service revenue $500
Service revenue $500
5. Accounts receivable $200
Service revenue $200
6. Interest expense $90
Interest payable $90
7. Salaries and wages expense $1,700
Salaries and wages payable $1,700
Answer:
Explanation:
Movement from D to C.
Lorenz curve is a curve used to depicts how income is been distributed within an economy, it also shows the progressive share of income within various segment of the population. Lorenz curve was originated by an American Economist called Max O Lorenz in 1905.
Answer:
Allocate existing resources more efficiently among competing uses.
Explanation:
The main goal of resource development is to find ways that allocate resources more efificiently, to spread the available resources in a way that maximizes economic and social benefit taking into account the different competing uses.
Resource development does not necessarily promote central planning because it can make use of market strategies to achieve its goal, and it cannot increase the amount of resources available as well, because these are determined by the natural endownment that each area has.
<span>Federal Trade Commission were formed for those very purpose.
</span><span>Federal Trade Commission is an independent agency that established in united states. The purpose of this organization is to ensure customer protection from dishonest practices and eliminate various illegal business strategies to create a fairer competitive environment.</span>