Question

Create an outline that identifies at least three economic strategies that Frankie should use when making his decision.

Answer 1

Frankie wants a pair of new basketball shoes, only because he used the last pair last season. They're still comfortable and he could use them in this season. However, if Frankie decides to save his money because he wants to buy his Grandmother's car for 800 dollars then he will have to give up the basketball shoes. He will have to decide on what he would like to have more, and what return he could receive if he made this choice.

Step-by-step explanation:

This Answer includes:

Wants vs. Needs

Opportunity Cost

Risk and Return

Budget

Answer 2

After recording the journal entries in the general ledger, the balance of the cash account is Credit $ 1,042.92.

After posting the journal entries to the ledger, the Team-Store account balance is Debit $ 4,500

On May 3, the team account balance - Office is Debit $ 690

Accounts payable balance: Bellhaven Bank account is Debit $ 1,000

After posting the journal entries in the ledger, the Supplies account balance is Debit $ 542.92

After accounting for journal entries in the general ledger, the balance of the Accounts Payable - Craft Bank account is Credit $ 3,500

After posting the journal entries in the general ledger, the starting balance of the P. Woodsley - Capital account did not change.

The entry you make in publication Ref. The ledger column to show that you have published the journal transactions is J1

Asset accounts are increased by entries on the debit side of the account.