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3 years ago

Problems and Applications

Business

1 answer:

Andrews [41]3 years ago

6 0

Answer: See explanation

Explanation:

1. The participation of women in the U.S. labor force has risen dramatically since 1970.

A. True

2. This rise likely decreased GDP in the United States.

B. False

The above is false. This is because a rise in the participation of women in the labor force would lead to the increase in production in the country and this will bring about a rise in the gross domestic product as well.

3. Now imagine a measure of well-being that includes time spent working in the home and taking leisure.

There'll be a reduction in the measure of well being. This is because more women would have joined the labor force which would have reduced the time spent working in the home and taking leisure.

4. The change in this measure of well-being would be less than the change in GDP.

The measure of well being would fall as more women would work and leisure would reduce. Ultimately, the GDP would rise since there would be an increase in production activities.

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These are all characteristics of Integrated cost leadership/differentiation following business-level strategies.

<u>Explanation:</u>

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irina1246 [14]

Answer: C. Increase

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A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as e

Elenna [48]

Answer:

Asset is what a business owns anv control and its use generate future economic benefits.

Liability is a present obligation of an entity arising from past events, the settlement which will lead to an outflow of economic benefits.

Equity is the residual interest in an entity after its liabilities have been deducted from assets.

Revenue is income arising from the ordinary activities of a business

Expense arises in the morning course of activities

a. Advertising Expense - expense

b. Rent Revenue - revenue

c. Rent Receivable - asset

d. Patents - asset

e. Rent Payable - liability

f. Furniture - asset

g. Notes Payable - liability

h. Owner, Capital- equity

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Explanation:

a. Advertising Expense - expense

b. Rent Revenue - revenue

c. Rent Receivable - asset

d. Patents - asset

e. Rent Payable - liability

f. Furniture - asset

g. Notes Payable - liability

h. Owner, Capital- equity

i. Utilities Expense - expense

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