111 B. Reviewing key Terms Read the statements below. In the space provided, write Tif the statement is true or Fif it is false. 7. Price and quantity supplied are variables on a supply schedule. 8. A supply curve shows price and quantity in a table. 9. Elasticity of supply states that the output of a good increases as the price of the good increases. 10. To create a market supply schedule, an economist needs to know the total output of all suppliers in a given market.​

James has set the goal of achieving all "a"s during this year of school. which term best describes this goal

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c. prepaidrent. onseptember1ofthecurrentyear, thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Identify the three components of a family's culture and provide one example from your own experience