Consider the following accounts:
dividends
insurance expense
cash
service revenue
how many of these accounts are increased with credits?

Only 1

Service Revenue

Explanation:

Dividends are debited against net income after taxes, and increase only if credited. As the dividends are recorded as liability till they are not paid in account dividend payable, but individually dividend account has debit balance.

Insurance Expense, as said all expenses are debited.

Will only increase when it will be debited.

Cash account displays an asset, and all assets have debit balance and therefore, it will increase with debit only and not with credit.

Service Revenue is an income and incomes are credited, therefore, it will increase with every credit.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; break-even analysis;