The correct entry to record a tool purchase of $500 is Debt tools expense $500, Credit cash $500
From the complete question, the purchase price is given as:
Greater than $1000
The above entry would be recorded as follows:
For each entry, the amount is one-half of the amount of the tool purchase In other words, the half of $1000 ($500)
Hence, the correct entry to record a tool purchase of $500 is Debt tools expense $500, Credit cash $500
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A reproductive combination between living parent organisms which produces hybrids is: c. when members of closely related species reproduce.
<h3>What is reproduction?</h3>
Reproduction can be defined as a biological process through which all living parent organisms produce their offspring, especially through mating.
<h3>What is a species?</h3>
A species is a biological classification of related organisms that have the same or similar characteristics, and they are capable of mating (breeding) with one another in a cycle or different seasons.
During the reproduction process, a reproductive combination between living parent organisms which would produce hybrids is usually when members of closely-related species reproduce.
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Complete Question:
Which reproductive combination produces hybrids?
a. when individuals of the same species in different geographical areas reproduce
b. when any two individuals sharing the same habitat reproduce
c. when members of closely related species reproduce
d. when offspring of the same parents reproduce
The sentence given can be corrected by adding an extra ‘s’ to the word misspelled and make the correction to the spelling.
<h3>What is a sentence?</h3>
A sentence is given as the collection of the phrases and the words with the use of the correct punctuations and the grammar adding to contribute a meaning to a sentence.
The given sentence is given with the words along with the correct use of the punctuations. The incorrect words is the spelling of mispelled, by adding an extra ‘s’ to the word and writing the correct spelling of misspelled the sentence can be correct.
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To maximize its profit a monopolistically competitive firm would set marginal revenue to be equal to marginal cost.
<h3>What is a monopolistically competitive firm?</h3>
Monopolistically competitive firm is the description of the type of firm that exists in the market that have other firms that are having and offering similar products in the market.
The products may be similar but they are not identical. As a rule this type of market has to set MR = MC.
The difference between these firms and the true Monopoly is that this kind of firmss do not have the power to curtail supply so as to increase the prices in the market so they can raise their profits.
They do not have barriers to entry and the kind of profits that are made here are what we call normal profits. They are not price takers.
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