1. Explain how the concepts of scarcity, choice, and opportunity cost relate to your dilemma. My dilemma: Should I get a part time job?

-Costs: I wouldn’t have time for social events. (short-term)

-The job may interfere with my schoolwork. (short-term)

-I would need to find transportation. (short-term)

Benefits:
-I’d have my own spending money. (short-term)

-I will be able to afford a car. (long-term)

-I’d learn important skills for future employment. (long-term)

The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

Double corporation acquired all of the common stock of simple company for