Answer:
ASSETS = LIABILITIES + EQUITY
75,000 = + 75,000
(1,500) = + (1,500)
10,000 = 10,000 +
2,500 = + 2,500
8,000 = + 8,000
- = +
(3,000) = + (3,000)
- = +
(10,000) = (10,000) +
(1,000) = + (1,000)
80,000 = 0 + 80,000
Explanation:
Accounting equation is the foundation of dual entry bookkeeping system. It is also known as the balance sheet equation that shows the relationship between ASSSETS, LIABILITIES AND EQUITY. Total assets must be equal to total liabilities + Equity due to the dual entry system otherwise, it is an indication of descrepancy in during the recording.
Answer:
The responsibility of the store owner is to assist the customer who got hurt and fix the defective sidewalk. My responsibility is to charge and ensure that the sidewalk situation is resolved as soon as possible.
Explanation:
A customer suffers an accident that caused serious injuries inside a store in a mall I own. When I go to talk to the store owner about the accident, I learn that the accident happened because the store owner was negligent about the defective store structure he rents from my mall. In addition, the store owner says he had been aware of the defect for a long time, but did nothing to resolve it.
This shows that the accident was the result of the negligence of the store owner and for that reason, he must bear the consequences of his irresponsibility.
The store owner must provide all the support the injured customer needs to treat his injuries, in addition, he must repair everything that is defective in the physical structure of the store. My duty in this case is to supervise and ensure that the store owner complies with all of this.
Answer:
A. Protect property rights and enforce contracts.
D. Provide tax breaks and patents for firms that pursue research and development in health and sciences.
Explanation:Productivity is a term used in macroeconomics as the ratio of Gross domestic product (GDP) to the hours worked, it can also be described as the ratio of output to input.
For a developing country that wants to promote increasing productivity and growth it will need to adopt policies that will encourage investments both from within and outside.
SOME OF THE POLICIES THAT CAN BE IMPLEMENTED INCLUDES THE PROTECTION OF PROPERTY RIGHTS AND ENFORCE CONTRACTS AND TO PROVIDE TAX BREAKS AND PARENTS FOR FIRMS THAT PURSUE RESEARCH AND DEVELOPMENT IN HEALTH AND SCIENCES ARE THE POSSIBLE OPTIONS BASED ON THE OPTIONS AVAILABLE.
Answer:
Buy more apples and fewer oranges
Explanation:
Utility is defined as the level of enjoyment or satisfaction that a person gets from consumption of a good or service.
Consumers logically try to maximise utility.
In the given instance we need to get the level of utility for apples and oranges to see which has more utility per unit cash spent.
For apples utility per cash spent = 30 units of utility ÷ 10 cents= 3 utility per cent
For oranges utility per cash spent = 40 units of utility ÷ 20 cents = 2 utility per cent
As apples have a higher utility per cent spent, it will be best Mary buys more apples and fewer oranges
