Jane Is an Osteopath Operating as a Sole Proprietor

question 4

Multiple Choice

Jane is an osteopath operating as a sole proprietor.On 1 February she treats a patient who pays her $120 in cash.The effect of this transaction on the accounting equation is:

• A)Increase in cash at bank $120,decrease in liability accounts payable $120
• B)Increase in cash at bank $120,increase in liability accounts payable $120
• C)Increase in cash at bank $120,increase in asset accounts receivable $120
• D)Increase in cash at bank $120,increase in equity $120

Apply the elaboration likelihood model to real-world persuasion scenarios.

Understand self-perception theory as it relates to attitude formation.

Explain the role of social influences in attitude change and conformity.

Analyze factors that contribute to the persistence or change of attitudes post-effort and decision-making.

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Definitions:

Compute

To calculate or process data using a computer or mathematical methods, leading to a result or solution.

Amortize

The process of gradually paying off debt through scheduled, systematic repayments of principal and interest.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, with the compounding occurring every month.

Monthly Payments

Monthly payments refer to amounts paid every month over a set period of time to repay a debt or subscription, often used in loans or service agreements.