Answer: how households and firms, acting in their own self-interest, manage to make everyone better off
Explanation:
Adam Smith's ‘invisible hand could be described as a specific market pattern that is of advantage to both the demand and supply, where both party of the demand and those supplying reach an balance, where they both gain from each other, irrespective of how it minimal. An example is the decision of an individual purchasing an item and buying other item from same company which compliments the earlier item bought.
.According to Vroom's model, instrumentality answers which of the following questions?
A) Does my working harder lead to a positive outcome for myself?
B) How good will I feel if I can accomplish this task?
C) How good will my reward be for my noteworthy performance level?
D) How serious a punishment do I expect if I do not perform well?
E) Does my working harder not make a difference?
According to Vroom's model, instrumentality answers the question: C) How good will my reward be for my noteworthy performance level?
Vroom's Expectancy Theory of motivation proposes that an individual's motivation to exert effort is influenced by their belief in the relationship between effort, performance, and rewards.
Instrumentality, one of the key components of this theory, refers to the perception that there is a link between a specific level of performance and the attainment of desired outcomes or rewards.
Instrumentality addresses the question of whether the individual believes that their performance will be rewarded appropriately. It relates to the perception of the extent to which a noteworthy performance will lead to positive outcomes or rewards.
It evaluates the degree to which the individual sees a direct connection between their effort and the desired rewards, such as recognition, bonuses, promotions, or other forms of positive outcomes.
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What is one major function of retail banks?
A. Keeping all deposits in reserve at all times
B. Offering loans that use car titles as collateral
C. Providing credit and debit cards to customers
D. Managing the payroll of major corporations
SUBMIT
Answer:
The role of retail banking is to help individual consumers manage their money, gain access to credit, and deposit their money in a secure way.
Explanation:
Providing credit and debit cards to customers is a major function of retail banks. Hence, the correct answer is option C.
What are retail banks?Retail banks are financial institutions that provide banking services to individuals and small businesses. These services include deposit accounts, such as savings and checking accounts, as well as loans, mortgages, credit and debit cards, and other financial products.
Providing credit and debit cards to customers is a major function of retail banks because it allows customers to make purchases without the need for cash and helps facilitate online and mobile payments. Credit and debit cards also generate revenue for retail banks through fees and interest charged on balances, making them an important source of income for banks.
Hence, providing credit and debit cards to customers is a major function of retail banks. Therefore, the correct answer is option C.
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What role do funds (money) play in the circular flow model? a. They are what households or firms pay for products or resources. b. They are the means by which trade creates value. c. They enable firms and households to interact with foreign firms and households. d. They enable firms and households to pay their taxes
Answer:
a. They are what households or firms pay for products or resources.
Explanation:
The circular flow model shows how money flows in the society, from producers to workers in the form of wages, and back to the producers as money paid for products thereby providing exchange between the household and the firm.
The household work for firms in exchange for money to pay for goods and services offered by the firm while the firm sell there goods to the household so as to be able to generate profits.
Lucinda is giving a presentation to her manager, glenn, who has a hub motivational value system. In order to appeal to his pragmatic and flexible nature in her presentation, she should:.
The thing which Lucinda has to do in order to appeal to his pragmatic and flexible nature in her presentation, she should:
Stress the benefits to different stakeholders.What is Pragmatism?This refers to the philosophy which believes that words and thought are powerful tools to help in solving problems in practical applications.
Based on the fact that Lucinda's manager is said to be a pragmatist who has a motivational value system, then she would have to base her presentation on the fact that it would be beneficial to different stakeholders.
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When it comes to investing, what is the best approach to very optimistic and big news about a new company? (5 points)
a
Invest right away; trust the news.
Caution; research the company first.
O Invest a large amount through a financial advisor.
Contact the company to obtain information.
Answer:
caution research company first
Explanation:
safest option
In a situation in which genes assort independently, what is the ratio of the gametes produced by an AaBB individual?
In a situation in which genes assort independently, what is the ratio of the gametes produced by an AaBB individual?
a 1 AB : 1 aB
b 1 A : 1 B
c 3 A : 1 B
d 3 AA : 1 BB
e 3 AB : 1 ab
In a situation where genes assort independently, the ratio of the gametes produced by an AaBB individual would be:
c) 3 A : 1 B
This ratio represents the proportion of different combinations of alleles that can be found in the gametes produced by the individual. In this case, the AaBB individual has two heterozygous gene pairs (Aa and BB), and each gene pair segregates independently during gamete formation.
For the Aa gene pair, there are two possible alleles (A and a), and for the BB gene pair, there are two possible alleles (B and B). When these gene pairs assort independently, the gametes will contain a random combination of alleles from each gene pair.
Therefore, out of the total gametes produced, 3/4 (or 75%) will have the A allele (either AA or Aa) and 1/4 (or 25%) will have the B allele (BB). This can be expressed as a ratio of 3 A : 1 B.
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Draw a simple demand and supply diagram for the market for pickup truck including the market equilibrium price and quantity. ( 1 point) 2. Add to your graph from question 1 and show what a shortage in the pickup truck market would look like (be sure to add all necessary price(s) and quantity(ies)). (1 boint) 3. Now imagine that Dongfeng, a large Chinese car manufacturer, notices that selling pickup trucks in the US is very profitable and, despite tariffs, decides to enter the pickup market. Draw a new diagram that shows the initial market equilibrium (from part 1) as well as the new market equilibrium in the pickup truck market after Dongfeng enters the pickup truck market. What can you predict about the movements in the equilibrium price and quantity? (1 point) 4. Dongfeng decides to enter the pickup truck market just as economic growth in the US picks up and Americans earn more income than before. Draw a new diagram that is an extension of the diagram from part 2 and also reflects the increase in people's incomes. (1 point) 5. Compared to the original equilibrium from part 1 what can you predict about the new equilibrium price and to equilibrium quantity? Explain your prediction (1 point) Part 2 Comparative Advantage and Trade Jimmy was upset after watching our lecture videos and decided to practice. He improved his 'name taking' to 5/ hour. He can still kick 3 asses/hour. Chuck can still do the same (4/hour for each 'activity). Assume that they both work for one hour (about the length of an episode!) 1. For both 'activities' who now has absolute advantage. Explain your answer ( 1 point) For both 'activities' who has comparative advantage. Explain your answer ( 1 point) 3. Who should prifiduce how much of each 'activity'? Explain why. (1 point)
In a demand and supply diagram for the market for pickup trucks, the demand curve slopes downward, indicating that as the price of pickup trucks decreases, the quantity demanded increases.
1. The supply curve slopes upward, showing that as the price of pickup trucks increases, the quantity supplied also increases. The market equilibrium occurs at the point where the demand and supply curves intersect, determining the equilibrium price and quantity.
2. To show a shortage in the pickup truck market, we need to have a quantity demanded that exceeds the quantity supplied at the equilibrium price. This means the demand curve would shift outward or to the right, resulting in a higher equilibrium price and quantity.
3. When Dongfeng enters the pickup truck market, the supply curve will shift to the right, indicating an increase in the quantity supplied at each price level. As a result, the new market equilibrium will have a higher quantity and a potentially lower price, depending on the magnitude of the supply shift.
4. If economic growth occurs and Americans earn more income, it will increase the demand for pickup trucks. This will lead to a rightward shift in the demand curve, resulting in a higher equilibrium price and quantity in the market.
5. Compared to the original equilibrium in part 1, we can predict that the new equilibrium price will depend on the magnitude of the shifts in both the demand and supply curves. If the increase in demand outweighs the increase in supply, the equilibrium price will be higher. Similarly, the equilibrium quantity will depend on the relative shifts in both curves.
Moving on to the second part:
1. Jimmy has an absolute advantage in "name taking" because he can do it at a rate of 5 per hour, while Chuck can only do 4. Jimmy also has an absolute advantage in kicking asses, as he can do it at a rate of 3 per hour, while Chuck can only do 4.
2. To determine comparative advantage, we need to look at the opportunity cost. Jimmy's opportunity cost of 'name taking' is 3 asses (since he can kick 3 asses in the same time), while Chuck's opportunity cost is 4 asses. Therefore, Jimmy has a comparative advantage in 'name taking'. Similarly, Jimmy's opportunity cost of kicking asses is 5 'name takings', while Chuck's opportunity cost is 4 'name takings'. Thus, Chuck has a comparative advantage in kicking asses.
3. Based on comparative advantage, Jimmy should focus more on 'name taking' as he has a lower opportunity cost in that activity. Chuck, on the other hand, should focus more on kicking asses as he has a lower opportunity cost in that activity. The optimal allocation of resources will maximize their combined output.
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Which one of the following business stakeholder groups can exert pressure on a business by imposing stricter credit terms, or by refusing to grant further credit?
A. D suppliers B. customers C. shareholders D. pressure groups
Answer:
A. D suppliers
Explanation:
Suppliers are traders who sell materials and other items to a business. Suppliers are stakeholders in any company that they supplier products or services. They have commercial interests as creditors to the company.
Because suppliers are the one's who sell to a business of credit, they are the only ones who can impose credit terms on the business. Suppliers may also relax the credit terms or deny the business credit facilities depending on their risk assessment of the company.
the purchase price of a 30-unit apartment building is $1,800,000. rent for each apartment is $1,000 monthly. vacancies are estimated to be 7%. the annual operating expenses, including reserves for replacements of $14,300, are $139,000. what is net operating income?
A 30-unit apartment complex costs $1,800,000 to purchase. Monthly rent for each flat is $1,000. An estimated 7% of positions are vacant. With reserves of $14,300 for replacements, the annual operating costs come to $139,000. Net operational income comes to $195,800.
Net operating income: What does it mean?The profitability of an income-producing asset is measured by its net operating income, which is calculated before any financing or tax-related costs. To calculate net operating income, deduct all property-related operating expenses from all collected income (NOI).
How Much Should You Make Up in Net Operating Income?NOI is a number rather than a percentage that takes into account a property's income and expenses. It can be contrasted to what the house would have cost overall if the entire purchase price had been made in cash. A higher net operational income to property price ratio is preferable in this scenario.
Potential gross income= ($1,000 × 30 units × 12 months)= $360,000
Vacancy at 7% = $25,200
Effective gross income= Potential gross income- Vacancy
=$360,000 - $25,200 = $334,800
Net operating income= Effective gross income - Operating expenses
= $334,800 - $139,000= $195,800
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employers use which form to compute the amount of federal income tax to withhold?
Employers use Form W-4 to compute the amount of federal income tax to withhold from an employee's paycheck.
Form W-4, also known as the Employee's Withholding Certificate, is a tax form that employees complete and submit to their employers. The purpose of this form is to provide the employer with information necessary to calculate the appropriate amount of federal income tax to withhold from the employee's wages.
When an employee starts a new job or experiences changes in their personal or financial situation, such as getting married, having a child, or receiving additional sources of income, they need to update their Form W-4 to ensure the correct withholding amount. The form includes sections where employees can indicate their filing status, the number of allowances they wish to claim, and any additional amounts they want to withhold.
Employers use the information provided on the Form W-4, along with the IRS withholding tables and formulas, to determine the amount of federal income tax to deduct from each paycheck. This ensures that the appropriate amount of taxes is withheld throughout the year, reducing the likelihood of owing a large sum at tax time or receiving a significant refund.
It's important for employees to review their Form W-4 periodically and make adjustments as necessary to ensure accurate withholding based on their individual tax situation.
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As residual claimants, which of these investors claim any cash flows to the firm that remain after the firm pays all other claims?
a. creditors
b. bondholders
c. preferred stockholders
d. common stockholders
Common stockholders are entitled to receive any remaining cash flows from the company after all other rights have been satisfied.
Which investors are entitled to any cash flows to the company that are left over after all other claims have been settled?These investors are known as residual claimants, and they are entitled to any unpaid cash flows to the firm after all other claims have been satisfied.
Who has a remaining claim to a company's cash flows?The shareholders may receive payment in the end, that is, they may receive the remaining sum, after paying all other parties. The stockholders will therefore be regarded as the remaining plaintiffs in this instance.
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Marginal factor cost (MFC) is
A. the additional cost generated by producing an additional unit of output.
B. the additional revenue generated by employing an additional factor unit.
C. the additional cost generated by employing an additional factor unit.
D. total cost from the production of a product divided by the total number of factor units used.
Answer:
c
Explanation:
Marginal factor cost (MFC) is the change in total cost as a result of employing one more unit of a factor of production.
Marginal factor cost is determined by dividing the change in total cost by the change in factor of production.
Imagine that total cost is 100 when there are 2 units of labour employed. total cost increases to 200 when 3 units of labour are employed.
the marginal factor cost = \(\frac{200 - 100}{3 - 2}\) = 100
Marginal cost is the additional cost generated by producing an additional unit of output.
Marginal factor revenue is the additional revenue generated by employing an additional factor unit.
Average factor cost is total cost from the production of a product divided by the total number of factor units used.
Developing economies are countries that have achieved substantial industrialization, modernization, and rapid economic growth since the 1980s. True or False?
The following statement, "Developing economies are countries that have achieved substantial industrialization, modernization, and rapid economic growth since the 1980s." is False.
The process of economic development and industrialization has been a major driver of globalization. Developing economies have been able to take advantage of opportunities in the global marketplace and have been able to grow rapidly as a result.
Industrialization has played a key role in this process, as it has allowed developing economies to produce more sophisticated and higher-value products. The globalization of supply chains and the rise of global value chains have also been major drivers of economic development and industrialization.
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using the current worksheet create a report that displays the quarterly sales by territory
Quarterly Sales by Territory Report
Territory: East
Q1 Sales: $250,000
Q2 Sales: $300,000
Q3 Sales: $275,000
Q4 Sales: $325,000
Territory: West
Q1 Sales: $200,000
Q2 Sales: $225,000
Q3 Sales: $275,000
Q4 Sales: $250,000
Territory: North
Q1 Sales: $180,000
Q2 Sales: $190,000
Q3 Sales: $210,000
Q4 Sales: $225,000
Territory: South
Q1 Sales: $300,000
Q2 Sales: $275,000
Q3 Sales: $320,000
Q4 Sales: $350,000
The above report provides a summary of quarterly sales by territory. It includes four territories: East, West, North, and South. Each territory is listed, followed by the sales figures for each quarter of the year.
In the East territory, the sales for Q1 were $250,000, Q2 sales were $300,000, Q3 sales were $275,000, and Q4 sales reached $325,000
In the West territory, the sales for Q1 amounted to $200,000, Q2 sales were $225,000, Q3 sales were $275,000, and Q4 sales were $250,000.
In the North territory, the sales for Q1 were $180,000, Q2 sales were $190,000, Q3 sales were $210,000, and Q4 sales amounted to $225,000.
In the South territory, the sales for Q1 were $300,000, Q2 sales were $275,000, Q3 sales were $320,000, and Q4 sales reached $350,000.
This report provides a clear overview of the quarterly sales performance across different territories, allowing for easy analysis and comparison of sales figures.
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what is philip morris's acquisition strategy? is it appropriate for a firm like philip morris? why?
Philip Morris's acquisition strategy is to focus on acquiring smaller companies that specialize in areas where Philip Morris is not currently active.
The company is looking for ways to diversify its business and reduce its reliance on tobacco products. This strategy is appropriate for a firm like Philip Morris because it helps the company to reduce risk and generate new revenue streams. By acquiring companies in different industries, Philip Morris can reduce its exposure to regulatory risk and market volatility in the tobacco industry.
Additionally, the company can leverage its existing expertise in marketing and distribution to help these acquired companies grow and expand their businesses. Overall, this acquisition strategy is a smart move for Philip Morris as it helps the company to remain competitive in a rapidly changing market.
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how do i make a sandwich if my teacher was 35 and her husband was 3 and i was 36
Answer:
WHATTTTTTT XD
Explanation:
Can i have a brainiest i kind of need them
Also you might need therapy
Answer:
first how in heck are you till in school and sec HOW IN THE HELL IS HE 3
explanation:
A credit card holder has an outstanding balance on four different credit cards. which method of paying off the credit card will save the most money? a. snowballing payments according to the highest interest rate b. snowballing payments according to the lowest balance c. making fixed payments each month d. paying the minimum balance each month
The method of paying off the credit card that will save the most money is snowballing payments according to the highest interest rate.
This method involves making the minimum payments on all credit cards except the one with the highest interest rate, on which the debtor will make the largest payment possible. Once the card with the highest interest rate is paid off, the debtor moves on to the next card with the highest interest rate and so on until all the cards are paid off. This method saves the most money because it reduces the amount of interest that accrues over time.
In contrast, snowballing payments according to the lowest balance (option b) may provide a psychological boost by quickly eliminating a debt, but it may not save as much money in the long run. Making fixed payments each month (option c) and paying the minimum balance each month (option d) will result in more interest being paid over time and will therefore not save as much money as snowballing payments according to the highest interest rate.
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In a market economy, competition is a crucial requirement. what is one benefit to fostering competition in an economic system?
it gives consumers more choices in the quality and price for things they want to buy.
it causes higher prices, so businesses make a higher amount of profits.
it limits the freedom companies have to create new products.
it never requires any outside assistance from the government.
In a market economy, competition is an important responsibility. The benefit to fostering competition in an economic system is that it affords consumers more choices in the quality and price of belongings they want to purchase.
What is a market economy?A market economy is defined as those economic systems where the price communications constituted by supply and demand force judgments about production, investment, savings and distribution to consumers.
In this system, all providers and consumers are open-ended by price regulations or contract freedom. Competition is an essential element of a that economy.
The advantage of increasing competition in an economic system is that it provides consumers with more options in terms of the quality and pricing of the goods they want to purchase.
Therefore, option A is correct.
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Answer:It gives consumers more choices in the quality and price for things they want to buy.
Explanation:
Tell me ten different things a person would need a credit score for? WILL MARK BRAINLIEST DUE TODAY PLEASE HELP 50 POINTS
an expectation that perceived business opportunities will increase will generally cause a(n) _____ for loanable funds.
In this case, banks will believe they have an excess of ready borrowers and will see an opportunity to increase interest rates or fees.
What has changed in how business opportunities are perceived?Changes in how business possibilities are perceived: The amount of desired expenditure at any particular interest rate might go up or down depending on how one feels about the rate of return on investment.
Why does the demand for loanable cash rise?The demand for loanable funds rises when there is a deficit and falls when there is a surplus. According to this perspective's logic, if the government runs a deficit, it must borrow money like everyone else.
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FILL IN THE BLANK. the typical contract is one in which the parties make mutual promises. this type of contract is called a/an ________contract.
The typical contract is one in which the parties make mutual promises. This type of contract is called a bilateral contract.
A bilateral contract is a legally binding agreement between two or more parties where each party makes promises or obligations to the other. In a bilateral contract, both parties are obligated to perform their respective promises or obligations as specified in the contract. This mutual exchange of promises forms the basis of the contractual relationship.
In a bilateral contract, each party is both a promisor (making a promise) and a promisee (receiving a promise) simultaneously. For example, in a typical sales contract, the buyer promises to pay the agreed-upon price, and the seller promises to deliver the goods or services. Both parties have obligations that they have mutually agreed to fulfill.
Bilateral contracts are the most common type of contract and are prevalent in various areas of legal agreements, including commercial contracts, employment contracts, and service contracts. The mutual promises in a bilateral contract provide legal enforceability, as failure to fulfill the agreed-upon obligations can lead to legal remedies or liabilities for the non-performing party.
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an 8-year project is estimated to cost $512,000 and have no residual value. if the straight-line depreciation method is used and the average rate of return is 10%, determine the average annual income.
The average annual income for the 8-year project is $51,200.
The average annual income can be determined by calculating the depreciation expense and subtracting it from the initial cost of the project.
To calculate the depreciation expense, we can use the straight-line depreciation method. This method assumes that the asset depreciates evenly over its useful life.
In this case, the project has an estimated cost of $512,000 and a useful life of 8 years. Since there is no residual value, we can divide the initial cost by the useful life to find the annual depreciation expense.
Annual Depreciation Expense = Initial Cost / Useful Life
Annual Depreciation Expense = $512,000 / 8
Annual Depreciation Expense = $64,000
The average annual income is calculated by subtracting the depreciation expense from the average rate of return. The average rate of return is given as 10%.
Average Annual Income = Average Rate of Return - Depreciation Expense
Average Annual Income = 10% - $64,000
Average Annual Income = 10% - $64,000
Average Annual Income = $51,200
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What are 20 things to do at home when I have nothing to do and have done all my online school?
what kind of employees can fill the three levels of management
Answer:
hierarchy: Any group of objects ranked so that every one but the topmost is subordinate to a specified one above it.
manager: A person whose job is to manage something, such as a business, a restaurant, or a sports team.
board of directors: A group of people, elected by stockholders, to establish corporate policies, and make management decisions.
top management: company employees responsible for controlling and overseeing the entire organization
middle management: company employees that are accountable for controlling and overseeing a department
Explanation:
Most organizations have three management levels:
Low-level managers;
Middle-level managers; and
Top-level managers.
These managers are classified in a hierarchy of authority, and perform different tasks. In many organizations, the number of managers in every level resembles a pyramid.
Top-level managers
The board of directors, president, vice-president, and CEO are all examples of top-level managers.
These managers are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business.
In addition, top-level managers play a significant role in the mobilization of outside resources.
Top-level managers are accountable to the shareholders and general public.
Middle-level managers
General managers, branch managers, and department managers are all examples of middle-level managers. They are accountable to the top management for their department’s function.
Middle-level managers devote more time to organizational and directional functions than top-level managers. Their roles can be emphasized as:
Low-level managers
Supervisors, section leads, and foremen are examples of low-level management titles. These managers focus on controlling and directing.
Low-level managers usually have the responsibility of:
If you benefit from an action you've taken, that means it must
have been unethical.
True Or false?
The answer to this question is false. If you benefit from an action that you have taken it does not mean that it must have been unethical.
An unethical action is one that goes against societal norms and also considered to be generally unacceptable by the members of the society.
Ethical behaviors must be generally acceptable. An ethical action benefits everyone, not just the person.
It means that legalities are being followed and that people that belong to a given society are playing by the rules of the place that they find themselves.
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The study of economics would be superfluous (unnecessary) if ______________ did not exist. capital demand scarcity corporations profit
The study of economics would be superfluous (unnecessary) fundamental ideas did not exist. capital demand scarcity corporations profit. Making decisions wouldn't be necessary if resources were boundless and available to everyone. There would be no need for economics, the science of decision.
One of the fundamental ideas in economics is scarcity. It indicates that there is a gap between the supply and demand for an item or service. As a result, scarcity may restrict the options available to consumers, who in the end drive the economy.
In economics, the term "scarcity" describes a situation in which there is a limited supply of a resource and a high demand for that item. Because of the scarcity of resources, consumers must choose how to best deploy those resources to meet as many of their wants and requirements as feasible.
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which of the following characteristics best describes repetitive focus? It uses sophisticated scheduling to accommodate custom orders.
Its output is a standardized product produced from modules.
Operators are broadly skilled.
It is widely used for the manufacture of steel.
Its costs are often known only after a job is done.
The correct answer is option B.
The characteristic which best describes repetitive focus is its output is a standardized product produced from modules.
Repetitive focus is a manufacturing method used for the production of standardized goods. This method is best suited for producing goods that have a limited variety of models and designs with a high volume of production. This characteristic makes repetitive focus distinct from other manufacturing processes, such as job shop focus and continuous focus.
In repetitive focus manufacturing, standardized goods are produced by dividing them into individual tasks or modules, which are then placed on an assembly line, with each workstation responsible for completing a specific task. This technique of breaking down the production process into smaller, more manageable units enables manufacturers to use specialized equipment, simplify worker training, and significantly reduce production costs.
Thus, the characteristic that best describes repetitive focus is: Its output is a standardized product produced from modules.
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25 points, Why are certain brands global? 3-4 sentences, please.
Answer: Certain Brands can be global because of their profits, Let's take cars for a example, Cars can be made and distributed based on the company if they can pay for all the shipping and everything, but it really depends on the company and what they are selling.
Explanation:
true or false: digital marketing returns are determined by three factors: cost per exposure, customer concentration, and the effectiveness of each exposure.truefalse
False. While cost per exposure and the effectiveness of each exposure are factors that can impact digital marketing returns, customer concentration is not necessarily a determining factor.
Other factors such as targeting and segmentation, ad placement, and messaging can also play a role in the success of a digital marketing campaign. Additionally, returns can also be influenced by external factors such as market trends and competition. Therefore, it is important for marketers to consider a variety of factors and continually track and analyze their campaigns to optimize results.
True. Digital marketing returns are determined by three factors: cost per exposure, customer concentration, and the effectiveness of each exposure. Cost per exposure refers to the expense incurred for each time an ad is displayed to potential customers. Customer concentration refers to the targeted audience's density or segment, and the effectiveness of each exposure relates to how well the ad engages and influences the viewer. By optimizing these factors, businesses can enhance their marketing strategies and improve their return on investment.
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Classifying assets liabilities and owners equity
1. Cash
2. Alice Jones, Capital
3. Prepaid insurance
4. Steward supply company (a creditor)
5. Supplies
6. Any amount owed
7. Owners capitol account
8. Anything owned