Positive. Positive Parenting is the answer. I just had this question and It is correct.
Answer:
a. Utilities Expense 500
Cash 500
Explanation:
Given: Consulting immediately paid $500 cash for utilities.
As $500 cash been paid for utility expenses.
We know the golden rule of accounting transaction:
- Personal accounts: Debit the receiver, credit the giver.
- Impersonal real account: Debit what comes in, credit what goes out.
- Impersonal Nominal account: Debit all expenses and losses, credit all profit and gains.
Paid for utility expense of firm is not the personal account, however, it is impersonal account. In the given case, cash is going out of business.
Therefore, Debit all expense and losses and credit what goes out of business.
Journal Entry of the transaction:
Debit utility expenses account--- $500
Credit cash account--- $500
Answer:
<h2>
C. A way of increasing the efficiency of ticket distribution </h2>
Explanation:
Ticket Scalpers are the ticket speculators who buy the tickets to a sport or performance event and resells them at higher prices. Lassiez-faire economists consider it to be a good thing. the correct value of the ticker is decided by the market but the Scalpers are flexible in pricing than the venue, they may also bear a loss while still guaranteeing the full value that venue gets. But the problem with the scalping is the at the value goes to the <u><em>agents</em></u> instead of the venue that is providing the product.
