Accounting 1 discussion Better days ahead, a charitable organization, has a standing agreement with First National Bank. The agreement allows Better Days to overdraw it’s cash balance at the back when donations are running low. In the past, Better days ahead managed funds wisely and rarely used this privilege. Jacob Henson has recently become manager of Better Days
Ahead. To expand operations, Henson acquired office equipment and spent large amounts on fundraising. During Henson’s texture, Better Days Ahead has maintained a negative bank balance of approximately $10,000

What accounts do you see being affected as a result of Jacob Henson's actions? Which accounts do you think would experience a debit? Which accounts do you think would experience a credit?
How would a negative bank balance be listed in a trial balance?
Is there an ethical issue in this situation?
Do you approve or disapprove of Jason Henson’s management of Better Days Ahead’s funds?

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.