The reason of a economic audit is to supply assurance that monetary statements are precisely and in conformity with generally commonplace accounting standards (GAAP) permitting enterprise owners to make assured business decisions.
Which of the following fine describes the goal of an audit of monetary statements?The auditor's objectives are to obtain life like assurance about whether or not the financial statements as a whole are free from fabric misstatement, whether due to fraud or error, and to issue an auditor's file that includes the auditor's opinion.
The earnings statement, balance sheet, and announcement of cash flows are required economic statements. These three statements are informative equipment that traders can use to analyze a company's economic power and grant a speedy photograph of a company's financial fitness and underlying value.
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https://brainly.com/question/24317218#SPJ4Alice is willing to spend $30 on a pair of jeans and has a coupon for $10 off she found online. She selects and purchases a $35 pair of jeans, pre-discount. Determine whether this would create a producer or consumer surplus and calculate the ensuing surplus.
The value of the Alice's consumer surplus is found as the $5., which is the consumer surplus.
Define the term Consumer and Producer Surplus?The difference between the amount a consumer was ready to pay as well as what the actually paid is known as the consumer surplus. Similar to consumer surplus, production surplus is the discrepancy between the market price and the producer's desired price.For the stated question:
The discrepancy between a consumer's willingness to pay and the cost of the item is known as the consumer surplus.Consumer surplus equals willingness to pay minus the product's priceA price of the a good minus the lowest price the manufacturer is prepared to pay is known as the producer surplus.Price of the commodity minus the lowest price a producer is prepared to pay equals producer surplus.So,
Alice's consumer surplus = $30 - ($35 - $10)
Alice's consumer surplus = $5
Thus, the value of the Alice's consumer surplus is found as the $5.
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What is the value of 10 lakh in usd?
Using the current exchange rate of 1 USD to 82.39 INR, 10 lakhs INR would be equivalent to approximately 12,141.20 USD.
Sure, the exchange rate is the rate at which one currency can be exchanged for another currency. It represents the value of one currency in terms of another. The exchange rate is determined by various factors, including supply and demand, interest rates, political stability, economic conditions, and other factors.
Exchange rates can fluctuate rapidly and are subject to change based on market conditions. In the case of the conversion of 10 lakhs INR to USD, the exchange rate is used to determine how many USD can be obtained for the given amount of INR. As of the current exchange rate of 1 USD to 82.39 INR, we can convert 10 lakhs INR to USD as follows:
10,00,000 INR / 82.39 INR/USD = 12,141.20 USD
Therefore, based on the current exchange rate, 10 lakhs INR would be equivalent to approximately 12,141.20 USD. However, please note that exchange rates can change frequently and are subject to various economic and political factors, so the exact value may vary depending on the prevailing rate at the time of conversion.
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what is midpoint formula in economics ?
In economics, the midpoint formula is a simple tool used to calculate the percentage change in a value between two different points.
It is an essential tool for economists as it helps to measure the changes in variables such as prices, demand, and supply. Understanding how to use the midpoint formula is crucial to comprehend some fundamental economic concepts.
The midpoint formula is used to determine the percentage change in a variable, such as price or quantity, over a given period. It is defined as the difference between two values divided by the average of the two values.
The formula can be expressed mathematically as follows:
Percentage Change = (End Value - Start Value) / ((End Value + Start Value) / 2) x 100
The numerator of the formula represents the absolute change between the two values, while the denominator is the average of the two values. The result of the formula is expressed as a percentage.
The midpoint formula is used in economics to calculate the percentage change in a variable. This could be the percentage change in the price of a good or the percentage change in the quantity demanded of a good.
For example, if the price of a good increases from $10 to $12, the percentage change in price can be calculated using the midpoint formula as follows:
Percentage Change = (12 - 10) / ((12 + 10) / 2) x 100 = 20%
Therefore, the percentage change in the price of the good is 20%.
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discuss methods that entrepreneurs often use to identify new opportunities.
Talk about techniques used by business owners to find new opportunities. keeping oneself alert. Give an example of an entrepreneurial project that makes use of...
What is technique and example?
Discuss techniques that business owners frequently employ to find fresh opportunities. remaining alert. Give an example of a business initiative that makes use of...
A technique is a way of carrying out a job or completing something. Using your teeth, you might twist the top off of drinks to open them. If so, your dentist better know a proper way to fix teeth. The term technique can also be used to describe someone's aptitude at mastering the principles of a specific task.
The three sorts of definitions—formal, informal, and extended—are covered in this lecture. Normative Definitions.
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how many points does a hard inquiry affect credit score?
A hard inquiry can affect a credit score by up to five points, although the exact amount will depend on the individual's credit history.
A hard inquiry is a type of credit check that occurs when a lender reviews a borrower's credit report in order to determine their creditworthiness. This type of inquiry is usually initiated when a borrower applies for a loan, credit card, or other line of credit.
Hard inquiries can temporarily reduce a borrower's credit score, but they typically don't have a long-term effect. Generally, hard inquiry will remain on a credit report for two years, but they typically only affect a credit score for a few months.
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The mercantilist doctrine promoted government intervention in order to achieve
Multiple Choice a. global product consistency. b. a decrease in factor endowments. c. more stable commodities. d. a surplus in the balance of trade. e. higher prices on exported goods.
The mercantilist doctrine was an economic theory prevalent in the 16th to 18th centuries, which advocated government intervention in the economy to promote national prosperity. One of the key goals of mercantilism was to increase a country's balance of trade surplus, which meant exporting more than importing.
To achieve this goal, mercantilists believed in imposing tariffs and other trade barriers to protect domestic industries from foreign competition, promoting exports and restricting imports. They also advocated for government control over the money supply and the establishment of monopolies to ensure that wealth stayed within the country. The belief was that a surplus in the balance of trade would bring in more gold and silver to the country, which was seen as a sign of wealth and power at the time. This surplus could then be reinvested in the domestic economy to promote further growth. In summary, the mercantilist doctrine promoted government intervention in the economy to achieve a surplus in the balance of trade, by imposing trade barriers, promoting exports, and restricting imports.
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which job is the intersection between user experience, tech, and business?
Product Manager job is the intersection between user experience, tech, and business.
A product manager is in charge of ensuring that products are created and delivered in a way that satisfies both user and company needs. They serve as a link between the technical and business teams, ensuring that the final product not only satisfies market demands but also adds value to the company while being technically possible. In order to construct and deploy the product, they collaborate with the development team after conducting user research, gathering requirements, and prioritising features. By ensuring that a product is created with the user in mind and is in line with the broader business plan, product managers play a critical role in its success. The business process of designing, developing, releasing, and maintaining a product or service is known as product management.
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Rickic is charged with a crime in a amall town in Michigm. Rick knows many people who live in the town due to its imall size. Ricki's attorncy argues that the case should be beard in a different town because the case will harm Ricla's repetation in this small town. The prosecuting attorncy argues for the case ta be beard in the small town in Michigan. The concept the atiomeys are arguine over is __ a) standing which involves the right of a party to being a case. b) Jurisidiction, which involves the court's authority to hear a case. c) judicial review, which involves the right of the judiciary to review the actions of the other branches. d) venoe, which involves where it is more appropriate and convenieat to bear-a case.
The answer is, The correct option is b) Jurisdiction, which involves the court's authority to hear a cave, The topic that the lawyers are discussing in the scenario above is jurisdiction. A jurisdiction is a geographical area with a unique set of laws that are governed by a court system or other government body.
Which 4 jurisdictional categories are there?From greatest Air Force authority to least, there are four primary categories of jurisdiction: (1) exclusive federal jurisdiction; (2) concurrent federal jurisdiction; (3) partial federal jurisdiction; and (4) proprietary jurisdiction.
Which phrase best encapsulates the term jurisdiction?The legal word for the power given to a legal institution to administer justice is jurisdiction. In federations like the United States, there are local, state, and federal levels of jurisdiction.
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what’s one category you wish fewer taxes were spent on? why?
I wish less tax money went toward healthcare. While everyone's health is important, I believe there are other social issues that are more pressing and need attention, such as the federal debt or veterans' benefits.
What exactly is a tax?We engage in financial transactions every day, and taxes play a significant role in those transactions. A portion of the money we spend goes into maintaining the area in which we live, whether it is on groceries, a home, or gas.
Taxes are sums of money that an individual or organization must pay to tax bodies to support public spending. Without expecting anything in particular in return, taxpayers pay taxes in accordance with national tax regulations. Taxes are used by governments to fund internal operations, new infrastructure, public health, education, and security.
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why might it be beneficial to file a tax return even if you don’t meet the requirements to file?
here are several potential benefits to filing a tax return even if you don't meet the requirements to file to avoid penalties ,to claim a refund and to establish a tax record.
To claim a refund: If you had taxes withheld from your paycheck throughout the year, you may be eligible for a refund even if your income is below the filing threshold. Filing a tax return is necessary to claim any refund owed to you.
To receive certain tax credits: Some tax credits, such as the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC), are refundable. This means that even if you don't owe any taxes, you may still be eligible to receive a refund if you qualify for these credits. However, you must file a tax return to claim these credits.
To establish a tax record: Filing a tax return can establish a record with the IRS. This can be helpful in the future if you need to apply for a loan, apply for government benefits, or provide proof of income.
To avoid penalties: If you have income from self-employment or other sources that is not subject to withholding, you may be required to file a tax return even if your income is below the filing threshold. Failing to file a required tax return can result in penalties and interest charges.
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T or F: Margo is a district manager who oversees several store managers in a national chain of department stores. Margo reports directly to the vice president of stores and marketing, a member of top management. Margo is a middle manager.
True. Margo is a district manager who oversees several store managers in a national chain of department stores. Margo reports directly to the vice president of stores and marketing, a member of top management. Margo is a middle manager.
Who is a middle manager?A middle manager is a manager who is responsible for managing a group of lower-level managers or employees within an organization. They are in the middle of the organization's hierarchy, positioned between upper-level management (such as executives or senior leaders) and front-line employees.
Middle managers typically have the authority to make important decisions within their area of responsibility, such as setting goals and objectives, allocating resources, and supervising employees. They are responsible for ensuring that the work of their team aligns with the organization's overall strategy and goals, and that their team is productive, efficient, and effective.
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Please help in this question asap
Answer:
All of these
Explanation:
do I need to explain lol?? :]
what social, political, and economic changes did europe experience during the middle ages?
Feudalism dominated political and economic life in the Middle Ages. Kings, queens, and other monarchs referred to as lords were able to maintain their rule and positions of power.
What was Feudalism?The legal, economic, military, cultural, and political practices that flourished in medieval Europe between the 9th and 15th centuries are collectively referred to as feudalism, also known as the feudal system.
In its broadest sense, it was a method of organizing society around bonds acquired from the possession of the property in exchange for labor or other forms of service.
In the Middle Ages, feudalism dominated both political and economic life. Kings and queens, as well as other monarchs known as lords, were able to keep their rule and position of authority.
Lords were always men who had opulent country estates and manor houses, which they named their residences.
Therefore, Feudalism dominated political and economic life in the Middle Ages. Kings, queens, and other monarchs referred to as lords were able to maintain their rule and positions of power.
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Company Policies And Practices Are A Part Of Ethics BecauseThey Incorporate All Of The Following EXCEPT..........-Policies Are Written But Not Necessarily Meant To Be Enforced-Company Policies And Practices Have Major Impact On Employee Conduct-Assist In Developing Ethical Policy Statements That Force A Company To Take A Stand-Policies Should Include Guidelines For Distributer Relations, Customer Service, Pricing, Product Development, Etc
The statement "Policies are written but not necessarily meant to be enforced" is the option that is NOT a part of ethics when it comes to company policies and practices.
Ethics involve moral principles that guide decision-making and behavior, and company policies and practices should be designed to reflect these principles and be enforced to ensure that they are being upheld. Therefore, the statement that policies are written but not necessarily meant to be enforced goes against the idea of ethical behavior and the importance of following established policies and practices.
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Place the steps of the consumer decision process in order, with the first step at the top.
Need Recognition
Information Search
Alternative Evaluation
Purchase and Consumption
Postpurchase
Alternative Evaluation. As a result, (C) is the best choice.
What is post-purchase behavior ?If you go online, you may come across a number of flow charts and visualizations that attempt to define post-purchase behavior. However, it may be quite easy in this case.
There are some things we want customers to do after a purchase and some things we don't. Following a purchase, we want the following actions:
Customer evangelists, positive reviews, and repeated purchases Post-purchase actions we want to avoid taking are: Refunds for products, unfavorable comments, and one-time purchases
To solve this problem, there is no need to remain hidden behind academic texts.
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Using accrual accounting, expenses are recorded and reported only if they are paid before they are incurred. when they are incurred and paid at the same time. if they are paid after they are incurred. when they are incurred for the purpose of generating revenue, whether or not cash is paid.
Answer:
when the services are rendered without regard to when cash is received.
Explanation:
Identify the following as either an advantage (A) or a disadvantage (D) of bond financing.
a. Bonds do not affect owner control.
b. A company earns a lower return with borrowed funds than it pays in interest.
c. A company earns a higher return with borrowed funds than it pays in interest.
d. Bonds require payment of periodic interest.
e. Interest on bonds is tax deductible.
f. Bonds require payment of par value at maturity.
Identifying the following as either an advantage (A) or a disadvantage (D) of bond financing:
a. Advantage (A)
b. Disadvantage (D)
c. Advantage (A)
d. Disadvantage (D)
e. Advantage (A)
f. Disadvantage (D)
What is bond?a. Advantage (A) - Bond financing allows a company to raise capital without giving up ownership control. Unlike issuing new equity shares, bonds do not dilute the ownership interests of existing shareholders.
b. Disadvantage (D) - Bond financing involves payment of interest, which increases the company's cost of capital. This can result in a lower return on invested capital than the cost of the borrowed funds.
c. Advantage (A) - Borrowing funds through bonds can allow a company to invest in projects with a higher expected rate of return than the cost of the borrowed funds. This can result in a higher overall return on invested capital.
d. Disadvantage (D) - Bondholders are entitled to receive periodic interest payments at a fixed rate, regardless of the company's profitability. Failure to make these payments can result in default and potential bankruptcy.
e. Advantage (A) - Interest payments on bonds are tax deductible, which reduces the overall cost of borrowing funds and can make bond financing more attractive than equity financing.
f. Disadvantage (D) - Unlike equity financing, bond financing requires repayment of the full par value of the bonds at maturity. This can create a cash flow burden for the company when the bonds come due.
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which of the following changes would not shift the supply curve for a good or service? group of answer choices a change in production technology a change in the price of the good or service a change in expectations about the future price of the good or service a change in input prices
The supply curve for a good or service would not change if the price of that good or service changed. Therefore, option (b) or (ii) is the correct change.
What causes the supply curve to shift?Shift in the supply curve: Variations in the cost of production and related factors can cause a whole supply curve to move to the right or left.
As a result, a bigger or lower amount is provided at a specific price. If no other things change, supply curves show how prices and quantity delivered are related.
One of the elements that shift the supply curve is not a change in the product's price per se.
Although a change in a good or service's price frequently results in a shift in the quantity supplied or along the supply curve for that particular good or service, it does not change the shape of the supply curve.
Hence, the only variable that has no impact on the supply curve is option b. Thus, the correct response is b. a change in the price of the commodity or service.
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The owners of a computer repair shop want to better formulate strategies, so they are doing a SWOT analysis to understand the strengths and weaknesses within their company and the opportunities and threats of the external environment. These are some of the benefits of doing a SWOT analysis.
true/false
The statement is True. Identifying the strengths and weaknesses of the business: By analyzing external factors such as the company's resources, capabilities, and culture, the owners of the computer repair shop can identify areas of strength and weakness within their business.
Understanding the opportunities and threats in the external environment: By analyzing external factors such as market trends, competition, and regulatory changes, the owners of the computer repair shop can identify potential opportunities and threats in the market.
Formulating strategies: A SWOT analysis can help the owners of the computer repair shop formulate strategies based on their strengths, weaknesses, opportunities, and threats. For example, they can leverage their strengths to take advantage of opportunities, address their weaknesses to mitigate threats, and so on.
Improving decision-making: By clearly understanding the business's internal and external factors, the computer repair shop owners can make more informed decisions and reduce the risk of making poor decisions.
Overall, a SWOT analysis can help the computer repair shop owners gain a better understanding of their business and the market and use this information to make more strategic decisions.
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The transaction, "provided services for cash," affects which two accounts?
The transactions such as provided services for cash will affect to the Providing services for cash increases a company's assets (cash) and equity. The equality that affected by services cash above is such as revenue, which closes to retained earnings.
In the term of economic and financial accounting, A Cash receipts journal generally can be defined as a specialized accounting journal. A Cash receipts journal is referred to as the main entry book used in an accounting system. A Cash receipts journal has an important function to keep track of the sales of items when cash is received. There are several aspects that are included in the cash receipts, such as receipts for cash sales, sales paid for by check, and also purchases on store credit.
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___________ is something that a customer values and that can be bought or sold voluntarily.
A product or service is something that a customer values and that can be bought or sold voluntarily.
What is a product or service?A product or service is a tangible or intangible item that is produced to meet a specific need or want of customers. It is something that can be bought or sold voluntarily because customers see value in it and are willing to exchange their money or other resources for it.
A product is a tangible item that can be seen, touched, and felt. Examples include books, computers, clothing, and cars. On the other hand, a service is an intangible item that cannot be seen, touched, or felt. Examples of services include haircuts, car repairs, and legal advice.
Customers buy products and services because they fulfill a particular need or want. They may be looking for a solution to a problem or seeking to satisfy a desire. Products and services are therefore designed and marketed to meet the needs and wants of customers, and they are priced based on the perceived value that they provide to the customer.
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A marketing dashboard is used to do which of the following?
A. Promote a product to a target group.
B. Analyze the new product lines being developed.
C. Determine the financial cost of developing a product.
D. Develop a course of action to market a product.
E. Monitor strategic marketing performance.
A marketing dashboard is used to monitor strategic marketing performance.
What is a marketing dashboard?
With the use of a marketing dashboard, you can simply monitor many metrics without having to login in to separate websites, as it gathers data from various marketing channels into one location. Depending on the type of data you're tracking, a marketing dashboard's specifications change. However, the fundamental components and information visualisation should be consistent from one dashboard to the next.
Your high-level overview, which gives you critical information at a glance, is the most significant piece of information on the dashboard. Normally, this will be at the very top of your dashboard.
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what is the tax multiplier formula?
The tax multiplier formula is used to calculate the impact of changes in government tax policies on the overall economy. It is calculated as follows:
Tax Multiplier = - MPC / (1 - MPC)
The tax multiplier is a measure of how much an initial change in taxes affects overall economic activity. It is a concept used in macroeconomics to understand the impact of fiscal policy on the economy. The tax multiplier indicates the change in national income or output caused by a change in taxation.
When a government increases taxes, people have less money to spend on goods and services. This reduction in spending causes a decrease in demand, which in turn leads to a decrease in production, employment, and income. The tax multiplier measures the magnitude of this chain reaction. A tax multiplier is a negative number because an increase in taxes decreases economic activity.
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What is an association of not for profit organizations?
A non-profit association is motivated by or engages in non-profit endeavours.
What exactly are nonprofit organisations?A non-profit corporation may not operate commercial activities with the intention of advancing the financial interests of its members. A non-profit organisation is permitted to operate a company. Not-for-Profit Organizations are institutions that are used for the community's welfare and are founded as nonprofit associations that function without any thought of making a profit. Their main goal is to serve a certain group of people or, more broadly, the public. The federal government distinguished nonprofit organisations and associations by limiting their definitions and requirements since they serve different constituencies and have different reasons for their existence.
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how to calculate book value
Book value is the book value of the company's means less the arrears. It's calculated from total means minus total arrears.
This can also be calculated as follows
book value = ( total common shareholders' equity- preferred shares) number of common shares outstanding.
In account, book value is the value of an asset according to its balance distance. For means, the value is grounded on the cost of the asset less the cost of deprecation, amortization or deprecation of the asset.
To find out its book value, look at its balance distance and all of the means and arrears on it. Add up all means, abate all arrears and the result is book value.
Book value is considered important from a valuation perspective as it gives a fair and accurate picture of the value of the company.
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once a company has identified its competitive advantages and chosen the ones that define its market niche, what is its next step?
Once a company has identified its competitive advantages and chosen the ones that define its market niche, its next step is to develop and implement a strategic plan to sustain and build upon those advantages.
This involves several key steps:
Establish clear and measurable goals: The company should set clear and measurable goals that align with its competitive advantages and market niche.
Allocate resources effectively: The company should allocate resources (e.g. finances, people, and technology) in a way that supports the attainment of its goals and reinforces its competitive advantages.
Monitor progress and adjust the plan as needed: The company should regularly monitor its progress and adjust its plan as needed to ensure it is staying on track and taking advantage of new opportunities.
Communicate the plan to stakeholders: The company should communicate its strategic plan to stakeholders such as employees, customers, suppliers, investors, and other key partners to ensure everyone is aligned and working towards the same objectives.
Foster a culture of continuous improvement: The company should foster a culture of continuous improvement and innovation, where it is constantly seeking new ways to enhance its competitive advantages and remain relevant in its market niche.
By following these steps, the company can ensure that it is maximizing the value of its competitive advantages and positioning itself for long-term success in its market niche.
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managers use financial statement analysis to ______.
Managers use financial statement analysis to evaluate the financial performance and health of a company. Financial statement analysis is the process of reviewing and analyzing a company's financial statements to make better economic decisions.
It is a key tool used by managers, investors, and other stakeholders to gain insight into a company's financial performance and make informed decisions about the company's future.
Financial statement analysis includes reviewing the income statement, balance sheet, and cash flow statement. Through this analysis, managers can identify trends, assess the company's financial position, and make informed decisions about the company's future.
Financial statement analysis is also used to compare a company's financial performance with that of its competitors and to identify areas for improvement.
In conclusion, financial statement analysis is a crucial tool used by managers to evaluate a company's financial performance and make informed decisions about the company's future.
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Sort the following scenarios according to whether they would cause a shift of the demand curve or movement along a demand curve. Check which cause is best applicable.
SHIFTS:
A) Shift of the Demand Curve.
B) Movement Along the Demand Curve
B) Movement Along the Demand Curve
A) Shift of the Demand Curve
A) Shift of the Demand Curve
B) Movement Along the Demand Curve
B) Movement Along the Demand Curve
A) Shift of the Demand Curve
What is the reason for a shift in the Demand Curve?The demand curve is a graphical representation of the quantity of a product that consumers are willing to buy at each possible price.
It shows a negative relationship between the price of a good and the quantity that buyers are willing to purchase. A shift in the demand curve occurs when a factor that affects demand, such as income, preferences, or the price of related goods, changes.
A shift of the demand curve occurs when the relationship between price and quantity demanded changes at every price level.
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Full Question:
Sort the following scenarios according to whether they would cause a shift of the demand curve or movement along a demand curve. Check which cause is best applicable.
SHIFTS:
A) Shift of the Demand Curve.
B) Movement Along the Demand Curve
1. Nettoyer LTD. raises the price for its laundry detergent, which results in less sales and strange scents around college dorm floors.
A) Shift of the Demand Curve ...............
B) Movement Along the Demand Curve..........
2. In the country of Weskia, designed to sag shorts are no longer in vogue and sales drop off as a result.
A) Shift of the Demand Curve ..........
B) Movement Along the Demand Curve..........
3. After it earns 1st prize in the spicy category of ramen tasting competition, college students buy more Lamian brand ramen noodles.
A) Shift of the Demand Curve..........
B) Movement Along the Demand Curve .............
4. Out-N-In, a burger joint with an absurd national following in the U.S., sells more burgers as the price of chicken increases.
A) Shift of the Demand Curve ...........
B) Movement Along the Demand Curve ...........
5. Le Bureau ET Chaise offers a one weekend clearance sale on its old model of desks, which causes students to rush to upgrade their dorm furniture.
A) Shift of the Demand Curve ..........
B) Movement Along the Demand Curve ...........
6 Last Hope, an energy drink company, notices students are desperate during finals and change their buying behavior.
A) Shift of the Demand Curve ..........
B) Movement Along the Demand Curve .........
A process cost system would be used by all of the following except a(n)
o advertising company.
o chemical company.
o oil company.
o computer chip company.
A process cost system would not be used by A. advertising company.
What is process costing ?A process cost system is a type of cost accounting system used by companies that produce large quantities of similar or identical products in a continuous production process. The cost of producing each unit is averaged over the total number of units produced, and costs are allocated based on the stage of production, rather than to specific units of output.
An advertising company, on the other hand, typically provides customized services to individual clients, rather than producing standardized products in a continuous production process.
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I will mark brainliest.
Who created the music in Netflix’s Wednesday?
Answer:
Danny Elfman
Explanation: