Match each of the following scenarios with the term below that best fits the description provided. jackson manages his father's fruit stand. he takes an accounting of all of the company's assets, including equipment, tools, financial assets and inventory these items are examples of:

abe owns a candy shop and at year end calculates his revenue minus his explicit costs. the result is an example of:

hailey decides to buy a pretzel from the cart outside her office. she pays $3.25 in cash for her lunch. the $3.25 is an example of:

annabelle runs a tutoring company. in determining her costs and benefits from the venture, she includes her opportunity costs from choosing to open the tutoring business. she is evaluating the firm's:

sacha leaves his job as a nuclear engineer to become a train conductor. one day, while riding the rails, he considers the salary he could have earned had he remained an engineer. this is an example of:

ginny works for an investment firm and after reviewing the investment decisions her firm made in the last year, considers other ways the funding could have used. she is considering her:

capital implicit
cost of capital
explicit cost
accounting profit
implicit cost
economic profit.

What do economists mean when they use the latin expression ceteris paribus?

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

Edna gomez is the founder of the restaurant chain good and green. she ensures that the products in her stores are ethically and responsibly sourced. most products are therefore 100 percent organic and all packaging is manufactured from recycled material. also, her company sources ingredients from farms within 100 miles from her locations. edna's belief is that her restaurants should be able to support the community at large. which of the following terms best describes edna gomez? a. headhunter b. category captain c. social entrepreneur d. trade creditor