Consider these transactions: (credit account titles are automatically indented when amount is entered. do not indent manually.)

(a) blossom company accepted a visa card in payment of a $300 lunch bill. the bank charges a 3% fee. what entry should blossom make?

(b) kingbird, inc. sold its accounts receivable of $67,100. what entry should kingbird make, given a service charge of 3% on the amount of receivables sold? .

account titles and explanation debit credit

(a) enter an account title to record transaction a enter a debit amount enter a credit amount

enter an account title to record transaction a enter a debit amount enter a credit amount

enter an account title to record transaction a enter a debit amount enter a credit amount

(b) enter an account title to record transaction b enter a debit amount

enter a credit amount enter an account title to record transaction b enter a debit amount

enter a credit amount enter an account title to record transaction b enter a debit amount

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

Financial information that is capable of making a difference in a decision is

Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is