Answer:
The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government
Explanation:
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Answer: The scenario exemplifies <em><u>simplification.</u></em>
Explanation:
Simplification is a process used to make something easier to understand. It can also be used to help something more simple to learn and also to easier to do.
With this scenario, the manager is interacting the exact same way as they always do no matter where they are located. This is helpful because the manager does not need to learn or remember to change the way they act when meeting someone new in business.
Answer: Option (A) is correct.
Explanation:
Correct option: Leftward; rises
When some of the firms are exited from market because are incurring losses then as a result short run market supply decreases. This is due to the fall in the production level, since some of the firms are not producing anymore.
So, this change in the market supply will shift the market supply curve leftwards.
The market price increases as the market supply decreases.
Answer:
![\left[\begin{array}{ccc}$Account&$DEBIT&$CREDIT\\$Cash&37,600&-\\$Prepaid insurance&4,600&\\$Office supplies&890&-\\$office equipment&12,900&\\$accouts payable&-&12,900\\$Capital Account&&18,000\\$drawins&3,370&\\$Sales revenue&&36,000\\$Rent expense&7,540&\\$Total&66,900&66,900\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D%24Account%26%24DEBIT%26%24CREDIT%5C%5C%24Cash%2637%2C600%26-%5C%5C%24Prepaid%20insurance%264%2C600%26%5C%5C%24Office%20supplies%26890%26-%5C%5C%24office%20equipment%2612%2C900%26%5C%5C%24accouts%20payable%26-%2612%2C900%5C%5C%24Capital%20Account%26%2618%2C000%5C%5C%24drawins%263%2C370%26%5C%5C%24Sales%20revenue%26%2636%2C000%5C%5C%24Rent%20expense%267%2C540%26%5C%5C%24Total%2666%2C900%2666%2C900%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We must do ledger for each accounts, most of them only got one transaction so we just post them directly.
For cash we must do it as there are several transaction:
CASH
<u>DEBIT CREDIT</u>
18,000
(7,540)
(4,600)
(890)
36,000
<u> (3,370)</u>
37,600
Assets and expenses goes into debit column
Liabilities, equity and revenues into credit column
He made $115 because 25% of 40 is 10. multiply 10 by 4 rings to get 40. 25% of 60 is 15. multiply 15 by 5 to get 75. add 40 to the 75 to get $115.
