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3 years ago

Wat is the definition of economics

2 answers:

8 0

Economics is a social science concerned with the production, distribution, and consumption of goods and services. ... Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on individual people and businesses.

Cerrena [4.2K]3 years ago

4 0

The branch of knowledge concerned with the production, consumption, and transfer of wealth. The condition of a region or group as regards material prosperity.

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True or false alcohol and drug abuse only affects intoxicated individuals

AURORKA [14]

<span>The answer would be false. Alcohol and Drug abuse certainly physically affects only the user, but when it comes to mental, emotional, and financial aspects alcohol and drug abusers affect the people around them, their families, and in extension, society also. That is why alcohol and drug abuse is considered a public health issue as it affects many people apart from the user himself/herself. </span>

5 0

4 years ago

Read 2 more answers

During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. The financial statement effect of

iren2701 [21]

Answer:

A. Increase liabilities (Accounts payable) by $337.8 million

Explanation:

The journal entry will be: Inventory (Credit - Increased) 337,860,000 and Accounts payable (Debit - Increased) 337,860,000.

The company must recognize the increase in the Inventory and the medium of payment (Accounts payable).

B is false because this operationn can also be a decrease in cash, but the amount in the operation is too high for this payment medium.

C is false because, the inventory is not sold, and COSG will be increased when the goods are sold.

D is also false because the inventory is increasing, not decreasing.

6 0

3 years ago

Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $7,400 cash and

adelina 88 [10]

Answer:

Pose-for-Pics

1. T-accounts:

Cash

Date Account Title Debit Credit

Aug. 1 Common stock $7,400

Aug. 2 Prepaid insurance $3,000

Aug. 5 Office supplies 970

Aug. 20 Photography Fees 4,231

Aug. 31 Utilities 765

Aug. 31 Balance $6,896

Common Stock

Date Account Title Debit Credit

Aug. 1 Cash $7,400

Aug. 1 Photography equipment 34,400

Aug. 31 Balance $41,800

Photography Equipment

Date Account Title Debit Credit

Aug. 1 Common stock $34,400

Prepaid Insurance

Date Account Title Debit Credit

Aug. 1 Cash $3,000

Office Supplies

Date Account Title Debit Credit

Aug. 1 Cash $970

Photography Fees

Date Account Title Debit Credit

Aug. 20 Cash $4,231

Utilities Expense

Date Account Title Debit Credit

Aug. 31 Cash $765

2. Trial Balance

As of August 31

Account Title Debit Credit

Cash $6,896

Common stock $41,800

Equipment 34,400

Prepaid insurance 3,000

Office supplies 970

Photography fees 4,231

Utilities expense 765

Totals $46,031 $46,031

Explanation:

Before transactions are posted to the T-accounts (General Ledger) they are recorded in the General Journal. The T-accounts summarize the transactions into various ledger accounts. Periodically, the accounts are balanced and a trial balance is extracted to check if the posting is error-free.

6 0

3 years ago

Saturn Corporation issued $300,000 par value 10-year bonds at 107 on January 1, 20X3, which Star Corporation purchased. Pluto Co

taurus [48]

Answer:

a. $8,000 gain

Explanation:

The face value of the bonds purchased by Pluto Corporation are $120,000. The bonds are purchased at discount of $1,980. The bonds have carrying value of $126,019 at the time of purchase. The net gain or loss is calculated by the difference between two values.

$120,000 - $126,019 - $6,019

The discount amount of the bond was $1,980.

Total gain on the bonds approximately ($6,019 + $1,980) = $8,000

8 0

3 years ago

The long-run aggregate supply curve shifts right if:

Pani-rosa [81]

The long-run collective supply curve shifts right if productivity increases or the price of key inputs decrease. It makes the combination of the lower inflation, higher output and lower unemployment.

<h3 /><h3>What is aggregate supply?</h3>

Aggregate supply is also called total output, it is the total production of the goods and services within an economy at the overall price at the given period.

The main two elements of aggregate supply are consumption and saving. The sum up of the national supply is the consumption expenditure and savings.

Thus, The long-run collective supply curve shifts right if productivity

For more details about aggregate supply, click here:

brainly.com/question/14098827

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5 0

2 years ago

Wat is the definition of economics​

Wat is the definition of economics