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mamaluj [8]
3 years ago
7

From the 1970s through the 1990s, the relative price of a college education has increased greatly. During the same time period,

college enrollment has also increased. This evidence suggests that during this time period:_____. A) the demand curve for a college education has shifted leftward. B) the supply curve for a college education has shifted rightward. C) the demand curve for a college education has shifted rightward. D) the supply curve for a college education has shifted leftward.
Business
1 answer:
Gala2k [10]3 years ago
3 0

Answer:

C) the demand curve for a college education has shifted rightward

Explanation:

If college enrollment has also increased, it means the demand for college education has increased. The demand curve for a college education has shifted rightward.

I hope my answer helps you

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When a nation's currency suddenly loses value, the ________ may step in to buy the afflicted currency?
cricket20 [7]
If a nation's currency drops in value significantly, the International Monetary Fund could step in and buy the currency so that some stability could occur economically
3 0
3 years ago
If NASA were developing a new type of spacecraft and an individual requested the plans through the Freedom of information Act, o
viktelen [127]

Answer:

Documents and records exempted from public disclosure via a valid Executive Order that promotes national security or good foreign policy

Explanation:

7 0
3 years ago
Mr. and Mrs. Napper are interested in funding their children's college education by taking out a home equity loan in the amount
FrozenT [24]

Explanation:

Given that

Amount of equity loan = $24,000

Appraisal value of home = $110,000

Using percentage = 70%

Owed amount = $60,000

By considering the above information,

As we know that for the borrowing purpose, only 70% is eligible i.e

= $110,000 × 70%

= $77,000

So, the highest credit limit would be

= $77,000 - $60,000

= $17,000

So, there is no enough residual value left for $24,000 equity loan

2. By seeing the credit rating, income of a person, the lender could is willing to offer them additional amount i.e $7,000 that is come from subtracting the $17,000 from the $24,000 equity loan amount

5 0
3 years ago
Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the
Bess [88]

Answer:

Joy Tucker

Indication of the effect of each transaction and the balances after each transaction:

1. Opened a business bank account with a deposit of $36,000 in exchange for common stock.

Assets increased + $36,000 (Cash $36,000) = Liabilities + Equity increased + $36,000 (Common stock $36,000)

2. Purchased office supplies on account, $1,800.

Assets increased + $1,800 (Cash $36,000, Supplies $1,800) = Liabilities increased + $1,800 (Accounts payable $1,800) + Equity (Common stock $36,000)

3. Received cash from fees earned for managing rental property, $6,750.

Assets increased + $6,750 (Cash $42,750 , Supplies $1,800) = Liabilities increased (Accounts payable + $1,800) + Equity increased + $6,750 (Common stock + $36,000 + Retained Earnings $6,750)

4. Paid rent on office and equipment for the month, $5,000.

Assets decreased - $5,000 (Cash $37,750, Supplies $1,800) = Liabilities increased (Accounts payable + $1,800) + Equity decreased - $5,000 (Common stock + $36,000 + Retained Earnings $1,750)

5. Paid creditors on account, $1,375.

Assets decreased - $1,375 (Cash $36,375, Supplies $1,800) = Liabilities decreased - $1,375 (Accounts payable $425) + Equity (Common stock + $36,000 + Retained Earnings $1,750)

6. Billed customers for fees earned for managing rental property, $9,500.

Assets increased +$9,500 (Cash $36,375, Supplies $1,800, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity increased +$9,500 (Common stock + $36,000 + Retained Earnings $11,250)

7. Paid automobile expenses for month, $840, and miscellaneous expenses, $960.

Assets decreased -$1,800 (Cash $34,575, Supplies $1,800, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$1,800 (Common stock + $36,000 + Retained Earnings $9,450)

8. Paid office salaries, $3,600.

Assets decreased -$3,600 (Cash $30,975, Supplies $1,800, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$3,600 (Common stock + $36,000 + Retained Earnings $5,850)

9. Determined that the cost of supplies on hand was $350; therefore, the cost of supplies used was $1,450.

Assets decreased -$1,450 (Cash $30,975, Supplies $350, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$1,450 (Common stock + $36,000 + Retained Earnings $4,400)

10. Paid dividends, $3,000.

Assets decreased -$3,000 (Cash $27,975, Supplies $350, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$3,000 (Common stock + $36,000 + Retained Earnings $1,400)

Explanation:

The above transactions show their effects on the accounting equation, which states that assets = liabilities + equity.  Each transaction has some effects on the assets with equal effects on either the liabilities or equity.  This implies that the equation is always in balance.  It is the basis of the double-entry system of accounting.

4 0
3 years ago
Which statement is false?
Naddik [55]

It is true that a society accepts minimum wage laws as a method of determining wages because the law is made to determine the wages.


The market value of a good has a direct relationship with the wages; hence it is true that the market value of a good determines wages.

The quality of a good has no direct relationship with the amount of wages hence it does not determines the wages.

Employee productivity also has a direct relation with the quality of the work and hence it also determines the wages.

It is true according to the law that the price floor determines the minimum wage.


Hence the only False statement is:

The quality of a good determines wages.



7 0
3 years ago
Read 2 more answers
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