Answer:
D. Cash is debited $5,000; capital is credited $5,000.
Explanation:
The action by Mr. Peabody will increase both cash and capital accounts by $5000 each. As per the accounting equation,( Assets = owners equity + liabilities) cash and capital are on the opposites sides. Cash is an asset, while capital is equity.
An increase in an asset is a debit, while an increase in capital is credited. In this case, the cash account will be debited by $5000, while the same amount will credit the capital account.
Answer:
Option B is correct one.
Explanation:
No, the positive correlation just shows that richer countries have both more nintendos and higher life expectancies it makes no sense to calculate correlation between these two variables.
Answer:
The correct answer is letter "C": natural resources.
Explanation:
Factor endowment refers to the factors of production -<em>land, labor, capital, and entrepreneurship</em>- a nation has available for manufacturing. Countries with more factors of production available tend to be richer than those that do not. Possessing more factor endowments available can also play a key role for countries to establish a comparative advantage compared to other nations.
Therefore, <em>American economist Michael E. Porter (born in 1947) is likely to consider natural resources a basic factor endowment while skilled labor force, for instance, would be considered as an advanced factor of production. </em>
Answer:
D. Shortages abound due to the fact that the government cannot rely on good information.
Answer:
m=$10
Explanation:
money spent on organic fruit=2×$7.5= $15.0
money left=$75-$15=$60
she bought 6 lbs of organic vegetables,
.: money spent on each lb of vegetable × 6 = $60
m × 6 = $60
m = $60/6
m= $10
