Gently Laser Clinic purchased laser equipment for $4,186 and paid $883 down, with the remainder to be paid later. The correct entry would be a. Cash 883 Accounts Payable 3,303 Equipment 4,186 b. Equipment 4,186 Accounts Payable 3,303 Cash 883 c. Equipment Expense 4,186 Accounts Payable 883 Cash 3,303 d. Cash 883 Equipment 883 e. Equipment 883 Cash 883

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?