Which of the Following Entries Records the Investment of Cash

question 36

Multiple Choice

Which of the following entries records the investment of cash by Sam, owner of a sole proprietorship?

• A) Debit John, Capital; credit Cash
• B) Debit Cash; credit Revenue
• C) Debit Sam, Withdrawals; credit Revenue
• D) Debit Cash; credit Sam, Capital

Describe the religious reforms and controversies in England under Henry VIII.

Examine the reasons behind the persecution of Protestants under Mary I of England.

Assess the implications of royal deaths on national sovereignty and European politics.

Analyze the motivations behind and effects of the Spanish Inquisition.

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Definitions:

Long-Run Average Total Cost

The average cost per unit of output when all input factors are variable, and economies of scale are fully exploited.

Production

The process of creating goods and services from various inputs like labor, knowledge, and raw materials.

U-Shape

A graphical representation describing a relationship or phenomenon that decreases, reaches a minimum point, and then increases, resembling the letter "U."

Economies of Scale

Reduction in per unit cost as the volume of production increases, due to factors like bulk purchasing and efficient use of resources.