Suggested Problems for Teachers for Use With Elementary Principles of Economics

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yes I did," he replies, " I gave you back the sugar." " But," persists the storekeeper, " you didn't pa3^ for the sugar." " No," replies the man, " but I didn't take the sugar! " Explain this " Aim flam " in terms of the debits and credits involved.
Ch. V. § 5 An exchange consists in four items in all, two of which are debits and two of which are credits. Show these four items when A buys #10 worth of wheat from B for a note?
On account?
A paper " trust " owns great forest lands; cuts its timbe
...r; floats the logs to pulp mills; and turns them into pulp and the pulp into paper. Draw up a table showing the chief interactions.
Ch. V. § 6 Copy table on page 86 in the center of a large sheet and insert other items in the " outgo " column, such as pay- ment of wages, rent, interest, etc., and introduce the other sides of the interactions thus introduced and the other capital items to which they relate. For this purpose make other tables on either side of the original. Then 12 SUGGESTED PROBLEMS FOR TEACHERS make the cancellations of interactions by drawing a line through each pair of mutually cancelling items and note what items are left.


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