An Owner Invests $20 000 in Her New Business by Depositing

question 56

Multiple Choice

An owner invests $20 000 in her new business by depositing the cash in the business bank account.Which account is credited?

• A)Accounts receivable
• B)Accounts payable
• C)Cash
• D)Capital

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Definitions:

Total Revenue

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a range of prices.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies as the quantity of goods sold changes.

Marginal Revenue

The extra revenue received from the sale of an additional unit of a product or service.