During May, the Friendly Resort Had Income of $10 000

question 9

Multiple Choice

During May, the Friendly Resort had income of $10 000 and expenses of $4000. The owner withdrew $800 cash from the business during the month. If Owners' Equity on 31 May was $18 000, Owners' Equity on 1 May must have been:

• A) $23 200
• B) $12 000
• C) $12 800
• D) $24 000

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Definitions:

Physiological Needs

Basic physical or biological needs required for human survival, such as air, water, food, shelter, and sleep, according to Maslow's hierarchy of needs.

Arousal Levels

The state of being physiologically alert, awake, and attentive, which can be influenced by physical, emotional, and cognitive factors.

Homeostasis

The process by which living organisms maintain a stable internal environment, necessary for survival and optimal functioning.

Temperature Fluctuations

Variations in temperature over a period of time, which can be natural or induced by human activity.