If You Paid $5

question 3

Multiple Choice

If you paid $5.00 to go to a movie in 2001 and you paid $7.00 to go to a movie in 2007, the increase is price is probably due to

• A) greed on the part of moviemakers.
• B) inflation.
• C) compound interest.
• D) deflation.

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Definitions:

Office Supplies

Consumable items used in offices on a regular basis, such as paper, pens, and toner cartridges.

Cash Dividends

Dividends paid out in cash by a company from its earnings to its shareholders at declared dividend dates.

Utility Bill

A statement of charges for the consumption of utilities such as electricity, gas, water, or sewage.

General Journal

A primary accounting record used for the chronological recording of all types of transactions.