Ashford BUS591 Ashford Complete Week 2 – DQs and Homework

BUS 591 (Ashford) Complete Week 2 – DQs and Homework ProblemsBUS 591 – Week 2Week 2 DQ 1 Debits and Credits: Define debits and credits and explain how they are used to record business transactions. Is it true that debits always increase and credits always decrease? Why or why not?Respond to at least two of your classmates’ posts.Week 2 DQ 2 Revenue & Expense: Review the section called “Investor Insight” in Chapter 3 of your text which shows the major revenue and expense accounts of the Chicago Cubs baseball team. Considering the huge increase in professional baseball players’ salaries in the last decade, what do you think has happened to total expenses and net income of professional baseball teams? If net income has not decreased, what has been done to offset the higher salaries? Should fans be expected to pay higher prices for ‘America’s national pastime’ to help offset the costs of higher salaries? Respond to at least two of your classmates’ postsBUS 591 Week 2 Homework Problems:Complete Workbook Template Week Two or you may find the problems 3-2B on page 150 and 3-5B on page 151 from Chapter 3 of your text. Also complete problems E4-13, E4-14, E4-15, E4-16, E4-17, and E4-18 from Chapter 4. Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit.