Each year that an asset's tax basis is affected by depreciation, the tax basis is reduced by the amount of allowable or allowed depreciation on the asset.
An asset is a resource with economic value that a person, organization, tax or nation owns or manages with the hope that it will someday be useful. Each year that an asset's tax basis is affected by depreciation, the tax basis is reduced by the amount of allowable or allowed depreciation on the asset.
A company's balance sheet lists its assets. They are divided into current, fixed, financial, and intangible categories. They are acquired or produced tax to raise a company's value or enhance its operations.
Whether it's a piece of manufacturing equipment or a patent, an asset can be thought of as something that will, in the future, increase sales, lower costs, or generate cash flow.
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gladys company negotiates a line of credit with its bank. the agreement specifies that gladys may borrow up to $100,000 at a 6% annual interest rate. when gladys signs the agreement with the bank, gladys should
Gladys company negotiates a line of credit with its bank. the agreement specifies that Gladys may borrow up to $100,000 at a 6% annual interest rate. when Gladys signs the agreement with the bank, Gladys should not make any journal entries.
What is a journal entry?
Generally, The act of maintaining or creating records of any transactions, whether economic or non-commercial in nature, is referred to as an entry in a journal.
An accounting journal is a record kept by an organization that details the transactions that have taken place and display the debit and credit balances.
The entry in the diary may include many records, each of which may be either a debit or a credit depending on the circumstance.
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it is frequently necessary to perform dilutions of a stock solution in the laboratory. if you were instructed to make a 1:2 dilution of a stock solution to arrive at a final volume of 6, how much stock solution would you need to pipet?
In the laboratory, dilutions of a stock solution are commonly required. If you were told to dilute a stock solution by 1:2 to get a final volume of 6, the stock solution you would need to pipet is 250 units. Thus, the correct volume is 250 units.
What is dilution?Dilution is the process of reducing the concentration of a solute in a solution, which is usually accomplished by simply adding more solvents to the solution. When you dilute a solution, you add more solvent without adding additional solute. To ensure that all components are identical, the resulting solution is thoroughly mixed.
Dilution factor = [tex]\frac{Volume of stock solution}{Final Volume}[/tex]
Where:
Final Volume = Volume of stock +Volume of dilute
[tex]\frac{1}{2} =[/tex] [tex]\frac{Volume of stock}{500}[/tex]
The volume of stock to be taken [tex]= 500[/tex]×[tex]\frac{1}{2}[/tex]
= 250 unit volume
The volume of dilute = Final volume - the volume of stock
= 500 - 250
Thus, the correct volume is 250 units.
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kai decides to keep his price the same and add color, increasing variable costs by $0.40 per issue. what is the percent increase in unit volume (copies per issue) required to maintain $500 profits and cover the increased fixed and variable costs?
This is based on the notion that the total amount that each sales quantity contributes to a company's profits is known as the contribution margin.
How is contribution margin and break even point calculated?The first part of the question is missing, so I looked it up:Kai charges college students $2.05 for each issue of his tiny magazine that is packed with famous rumors. The sole set expense is $431 per issue for renting the printing press for a single day. Each issue has a variable cost of $1.19 per copy.The contribution margin and break even point were as follows :contribution margin = $2.05 - $1.19 = $0.86
break even point in units = $431 / $0.86 = 501.16 ≈ 502 units
break even point in $ = 502 x $2.05 = $1,029.10
Kai has to sell 1,083 copies in order to make $500 in profits ($931 / $0.86 = 1,082.56 1,083).After color is added:contribution margin = $2.05 - $1.19 = $0.46
break even point in units = $431 / $0.46 = 936.96 ≈ 937 units
break even point in $ = 937 x $2.05 = $1,920.85
Kai needs to sell 2,024 copies in order to make $500 in profits ($931 / $0.46 = 2,023.91 = 2,024).To Learn more contribution margin refer to :
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should there be laws to restrict the value of houses people buy and the amount of leverage used to buy the house? what is the problem with having such laws in a free market?
There should be regulations that limit the value of houses that individuals may buy and the amount of leverage they use to acquire the property because if the value of the house is too high, no one can afford it unless they leverage themselves and go bankrupt.
Regulation in the social, political, psychological, and economic domains can take many forms, including legal restrictions imposed by a government authority, contractual obligations, self-regulation in psychology, social regulation, co-regulation, third-party regulation, certification, accreditation, or market regulation. State-mandated regulation is government interference in the private market to implement policies and generate outcomes that would not otherwise occur, ranging from consumer protection to speedier growth or technical innovation. The regulations may prescribe or prohibit behavior ("command-and-control" regulation), calibrate rewards ("incentive" regulation), or alter preferences ("preferences shaping" regulation). The ability to regulate should include the ability to enforce regulatory decisions. Monitoring is a significant technique utilized by national regulatory authorities in carrying out regulated operations.
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assume that the u.s. can produce apples at a cost of $5 a bushel and canada can produce apples at a cost of $6 per bushel . which nation has to comparative advantage?
U.S has comparative advantage in the present scenario. So Canada has to down the rate for the advantage.
how does comparative advantage come into play?The ability of a producer to manufacture one good more effectively than another is known as comparative advantage. For instance, it is possible to generate good A more effectively than good B. Instead of using just manufacturing costs, this comparison takes into account the potential costs associated with each good.
What justifies comparative advantage?According to the comparative advantage theory, which was made famous by David Ricardo, free commerce can still occur even when one of the parties to a transaction has an absolute competitive advantage over the other in all areas of production.
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by the end of 2011, threadless hired jason macatangay as vice president of finance. which of the following descriptions best encapsulates his primary role at the firm? multiple choice analyzes the market expansion and revenue growth plan for the firm collaborates with marketing to finance advertising and promotion campaigns ensures efficient operation, attainment of goals, and maintenance of trademark creativity borrows funds to sustain product innovation and growth manages the accounting of funds and inventory
Answer:Ensures efficient operation, attainment of goals, and maintenance of trademark creativity.
Explanation:
Answer:Ensures efficient operation, attainment of goals, and maintenance of trademark creativity.
Explanation: Submitted and got the right answer!
games offer brands each of the following except: a. a targeted audience b. a low level of engagement c. a way to interact with brand fans d. low intrusion methods of promotion e. large reach
Games offer brands each of the following except a low level of engagement. So, the correct answer is option b.
A brand is a concept used in business and marketing to help consumers recognise a specific organisation, item, or person. As a result of their intangibility, brands cannot be physically touched or seen.
They so assist in influencing how people view organisations, their goods, or particular people. Brands frequently employ distinguishing characteristics to build their identities in the marketplace. They offer the business or person great value, giving them an advantage over rivals in the same industry.
As a result, numerous organisations apply for trademarks to protect their businesses legally. A brand is an intangible asset that aids in the identification of a particular business and its goods by consumers. This is especially true when businesses must differentiate themselves from rivals that offer comparable products online.
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according to ronald coase, when should we expect to see a transaction occur within a firm as opposed to between two firms?
Ronald Coase contends that transaction costs will follow the same course as when the MC between two businesses is lower than the MC inside one company, leading to transactions between the two firms in the opposite firm.
According to the Coase Theorem, if one party possesses property rights, it is feasible to reach an efficient level of production by negotiations between the two parties, and the market can provide an efficient result.
According to the Coase Theorem, the distribution of property rights is irrelevant in the absence of transaction costs, such as those associated with finding potential trading partners, negotiating contracts, checking for compliance, and so forth. Consider the scenario where a factory owner has an unrestricted right to pollute.
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when a former partner of a registered public accounting firm who left the firm two years ago accepts a financial reporting oversight role at an issuer audit client, the independence of the registered public accounting firm is considered impaired unless:
A former partner of a registered public accounting firm who left the firm two years ago accepts a financial reporting oversight role at an issuer audit client, the independence of the registered public accounting firm is considered impaired the former partner has no remaining capital balance in the registered public accounting firm.
The term "economic reporting oversight function" means a function of accounting where in someone is able to or does exercising have an effect on over the contents of the economic statements or anybody who prepares them, which includes whilst the man or woman is a member of the board of administrators or comparable control or governing body, chief executive.
Rotation of Audit Partners. The lead and concurring companions on an audit engagement might also additionally serve of their respective capacities for no extra than 5 consecutive years and, following the rotation, won't offer such offerings to the equal company for a duration of 5 consecutive years.
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Wireless Solutions reports operating expenses of $835,000. Operating expenses include both rent expense and salaries expense. Prepaid rent increases during the year by $15,000 and salaries payable increases by $12,500. What is the cash paid for operating expenses during the year? (List cash outflows and any decrease in cash as negative amounts. )
Cash Paid for operating expenses during the year $830,000
What are operating expenses?
Operating expenses are costs that a business incurs to maintain its core operations on a daily basis.
In the above case
Total Operating Expenses reported by Wireless Solutions = $835,000
Increase in Prepaid Rent means ---during the year company has paid amount for prepaid expenses.
Increase in Salaries Payable means the salaries are outstanding and payment was not made by the company.
Operating expenses reported by company $835,000
Add: Increase in Prepaid expenses $15,000Less: Increase in Salaries Payable ($20,000)Cash Paid for operating expenses during the year $830,000
Hence, Cash Paid for operating expenses during the year $830,000
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An employee tells their employer how much income tax to withhold from their taxable wages by completing what form?.
Before a worker is entered into the payroll system for payment from an organization, they have to complete many forms regarding tax deductions and citizenship.
Some forms are updated annually because the federal agency starts with updated forms. Complete kind W-4 thus, your leader will withhold the proper federal taxation from your pay.
The W-4, additionally referred to as the employee's withholding allowance certificate tells employers what proportion of revenue enhancement to withhold from associate employees' pay.
As noted, the shape tells your leader what proportion of federal revenue enhancement to withhold from your payroll check.
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dara noticed that a job applicant worked at a company where dara was previously employed. she called the company to obtain more information on the applicant and discovered that the applicant hadn't worked there at all. what type of background check did dara perform?
Dara noticed that a job applicant worked at a company where Dara had previously worked. Dara performed a background check on her employment history.
A business, abbreviated as co., is a legal body that represents an association of persons, whether natural, legal, or a combination of the two, with a specified goal. Members of the company work together to attain certain, stated goals. A business can be formed as a legal person so that the company itself has limited responsibility as members perform or fail to perform their duties in accordance with the publicly stated incorporation or published policy. When a firm closes, it may need to be liquidated in order to avoid ongoing legal liabilities.
Corporations can form alliances and register as new companies as a group; the resulting entities are generally referred to as corporate groups.
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when consumer confidence increases, ad __ . as a result, price level ___ and eventually the sras .
When consumer confidence increases, ad increases. as a result, the price level increases, and eventually the SRAS decrease.
Because a upward thrust in self-assurance is related to higher consumption and funding call for, it's going to lead to an outward shift inside the advert curve, and a pass of the equilibrium, from E0 to E1, to a better amount of output and a better price stage.
An unexpected exchange that shifts ad; a nice demand shock (along with a boom in customer self-belief) increases ad, however, a terrible demand surprise decreases the advert. A sudden exchange that shifts SRAS; a fine supply shock increases SRAS, but a poor supply surprise decreases SRAS.
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what involves presenting an accurate and positive image of the firm to those it is recruiting for jobs.
A realistic job presentation (RJP) is a presentation of positive and negative information about the job and the organization to potential applicants.
A realistic job overview (RJP) is a tool that informs the candidate about the job and the organization, both in terms of pros and cons.
The goal is to show applicants a real picture of the job and the organization. Recruitment is always two-way. However, most organizations ask applicants a thousand questions, so there is usually little time left to inform the candidate.
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suppose you purchased a stock a year ago. today, you receive a dividend of $18 and you sell the stock for $114. if your return was 13%, at what price did you buy the stock? $ .
$113.85 is the stock buying price
Given Rate of return = 13% = 0.13
Current value = $114
Let initial value = z
Rate of return=[(Current value−Initial value) / Initial value ]×100
0.13= [($114 - z) / z] x 100
0.0013z = $114 - z
z + 0.0013 = $114
1.0013z = $114
z = $114/1.0013
z = $113.85
What is stock buying price?
The sum an investor pays for an investment is referred to as the purchase price, and that amount becomes the investor's cost basis for determining gain or loss when the investment is sold. Pricing will undoubtedly be crucial if a product is currently in high demand on the market because a price increase may deter buyers from purchasing it. In a similar vein, if prices are reduced in such market circumstances, then customers' purchases will rise sharply.
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15-3.5casho is going to see a movie and is taking her 2 kids. each movie ticket costs $13 and there are an assortment of snacks available to purchase for $5 each. how much total money would casho have to pay for her family if she were to buy 4 snacks for everybody to share? how much would casho have to pay if she bought xx snacks for everybody to share?
Casho have to pay $59 if she bought 4 snacks for everybody to share.
Given,
Casho + her 2 kids would equal 3 people in total.
According to the question, the tickets are $13 each.
Since there are 3 tickets and price of each ticket is $13 hence we will multiply 13 by 3 to get the total price of three tickets which is 39
= 13 x 3 = 39
According to the question, snacks are available for $5 each.
We need to find the total price of ticket and snacks given price of each snack is 5 and we multiply 4 by 5 to get the answer 20 and we add this to 39 to get the answer 59.
= 39 + 5(4)
= 39 + 5(4)
= 39 + 20 = $59
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the service recovery paradox shows that: a. when an organization recovers, it does not increase satisfaction. b. loyalty can increase as long as service-level performance is high. c. loyalty can increase even when service is low. d. when there is a service failure with effective recovery, loyalty can increase.
The service recovery paradox shows that when there is a service failure with effective recovery, loyalty can increase.
What is service recovery paradox?
The service recovery paradox (SRP) occurs when a customer has a higher positive opinion of a business after the business has fixed an issue with their service than they would have if non-faulty service had been supplied. The key justification for this way of thinking is that a customer's assurance and confidence are increased when a defective service is successfully recovered.
Since service failure is one of the key factors in customers' switching behavior and effective recovery from these failures is viewed by some as essential for customer retention, understanding SRP has been a priority for both researchers and management. For service providers who cannot guarantee an error-free service, recovery is extremely crucial.
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what approach to career management is entirely employee-driven? in this approach, companies focus on finding the best talent from outside of the organization.
The transitory approach to career management is entirely employee-driven.
Varied people have different definitions of career advancement. Some people focus on taking steps toward promotion (Linear Approach), while others who are content with staying in their existing position focus on honing their own specialization and expanding their knowledge and experience (Expert Approach). Moving between comparable tasks is important for some people (Spiral Approach), while others focus on building a diverse set of abilities and experiences that will allow them to take on a variety of roles, frequently in different fields (Transitory Approach). You must select what is best for you at each stage of life while taking other aspects of your life and your obligations into account. You might choose the same strategy throughout your career or you might think about implementing a different strategy.
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an investment company you are analyzing had a net asset value of $16.00 on january 1 of last year. on january 1 of this year, its nav was $17.50. during this period, you notice that the asked price declined by more than $2 per share. this investment company must be a(n):
The investment company must be a Option(c) Closed-end investment company.
What are closed-end funds?Closed-end funds are created by investment organizations that issue shares to investors. In closed-end funds, pricing reflects investor sentiment, because they trade like stocks. When investors become disenchanted with the fund, it can trade at a discount to Net Asset Value (NAV).
There may be a premium or discount between the market price and the net asset value of closed-end funds. There can be no discount on the fund's net asset value when it sells at an open-end investment company. It must be a closed-end investment company if the net asset value increased by $1.50 and the price declined by more than $2.00.
Options:Option(a) Open-end investment company
Option(b) Specialized fund
Option(c) Closed-end investment company
Option(d) Dual-purpose mutual fund
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Harrison is frequently nervous, tense, and worried, both at work and at home. He likely scores low on which of the big five personality dimensions?.
When Harrison is frequently nervous, tense, and worried, he likely scores low on extraversion dimension of the big five personality. In a nutshell, he scores high on the neuroticism dimension.
The Big Five Personality Dimension: ExtraversionAn extraversion personality likes to be accompanied by others. They like making friends and they get energized in the company of other people. This kind of person is usually talkative, assertive and expressive. This means that they like the idea of being famous and being the center of attention, including enjoying meeting new friends, new partners, new people and having many friends. People who score low in this personality commonly fall into neuroticism.
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omar and penn want to discharge their contract by executing a new agreement with performance different from what they originally promised. they can best accomplish this by
They can best accomplish Discharge of contract by an accord and satisfaction
The term discharge of contract refers to the termination of the parties' contractual relationship. When a contract ceases to operate, the rights and obligations created by the parties are said to have been discharged. A contract can be discharged if the parties mutually agree to end it. Furthermore, there are various methods for contract termination.
The following methods are used to discharge a contract:
Discharge by Performance
Discharge by Agreement or Consent
Discharge by Performance Impossibility
Discharge by Time Lapse
Discharge by Operation of Law
Discharge by Breach of Contract
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sally's seashells, a calendar year company, purchased three assets during april of the current year: asset a costing $20,000 with a 5-year recovery period; asset b costing $20,000 with a 7-year recovery period; asset c costing $120,000 with a 27.5 year recovery period. sally wants to maximize her depreciation deduction for the year. if she takes section 179 expense on only one asset, she should chose
The fair market value of any property received is multiplied by any cash received in exchange to arrive at the realized amount.
The adjusted basis is determined by subtracting any deductions for depreciation and depletion from the original cost, adding the cost of improvements and related expenses, and dividing by the total.
Which kinds of assets are typically eligible for the bonus depreciation?(1) MACRS property with a recovery period of 20 years or less, and (2) computer software (other than computer software that must be amortized in accordance with Sec.197), or (3) qualified property for leasehold improvement.
How are gains and losses from asset dispositions calculated?The carrying value of the asset is the asset's original purchase price minus any accumulated depreciation and impairment charges. Add this carrying amount to the asset's sale price. A gain occurs when the remainder is positive. A loss occurs when the remainder is negative.
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a(n) is a summary of a firm's revenues and expenses during a specified accounting period, such as a yea
An income Statement is a summary of a firm's revenues and expenses during a specified accounting period, such as a year.
What is the significance of an income statement?
The purpose of an income statement is to inform investors, creditors, and readers about the company's profitability during the fiscal year. The income statement is the documentation of the company's profit and loss for the fiscal year in the context of corporate finance.
An income statement summarizes a company's revenues, expenses, and cash flow over time. It is also referred to as a profit-and-loss (P&L) or earnings statement.
Therefore, It displays your revenue from the sale of products or services. expenses to generate revenue and manage your company
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in conveying property, jayson does not want to make a complete warranty of the property and promises only that he has not done anything to lessen the value of the property. what type of deed should jayson file?
In conveying the property, Jayson does not want to make a complete warranty of the property and promises only that he has not done anything to lessen the value of the property. The type of deed that Jayson should file is a A quitclaim deed.
What is quitclaim deed.?Generally, A quitclaim is, in most cases, the official abandonment of a legal claim against another person or of a title to land. A quitclaim may also refer to the resignation of a right to land.
A person is said to have "quitclaimed" a legal claim when they "renounce" that claim, "relinquish" that claim, or "transfer" a legal interest in property.
The present owner's complete interest in the property, including any warranties or covenants attached to the title, may be transferred using a Tennessee quitclaim deed form. The present owner (the grantor) is responsible for transferring any ownership interests that are permissible under the law to the future owner (the grantee).
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yamaska mining issued a 5-year, $50 million face, 6% semiannual bond when market interest rates were 7%. the market yield of the bonds was 8% at the beginning of the next year. using the effective interest rate method, what is the initial balance sheet liability, and what is the interest expense that the company should report for the first half of the second year of the bond's life (the third semiannual period)?
The total interest a borrower will pay over the course of the debt is called the interest cost.Interest costs will be $1,689,853.
Find the solution ?Since the market interest rate at issuance is higher than the coupon rate, this bond is a discount bond.
The initial liability is equal to the money collected from the sale of the bond.
The following equation can be used to determine this sum:
FV = 50,000,000; N = 10; I = 3.5;
PMT = 1,500,000;
PV=FV/(1+i)n
CPT PV = $47,920,848.67.
To obtain the liabilities value at the start of the bond's second year of existence, 48,281,511, change N to 8, then compute PV.
For the subsequent semi-annual period,
interest costs will be 48,281,511(0.035) = $1,689,853.
The amortization of the discount is unaffected by the following change in market rate.
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according to the constant growth dividend discount model the price of a stock whose dividend is growing at a rate g will:
The constant growth dividend discount model predicts that the price of a company whose dividend grows at a rate of g percent will rise over time at a rate of g percent. Thus, the right option is Increase overtime at the rate of g percent.
How do companies calculate dividends?A dividend is a revenue payment provided to shareholders by a company. When a company makes a profit or has a surplus, it can pay out a portion of its profits to shareholders in the form of a dividend.
Divide the number of outstanding shares by the dividend payout per share. For example, if a corporation's board of directors declares a dividend payment of $. 30 per share on 50,000 shares, the dividend payment equals $. 30 x 50,000 = $15,000.
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he unpredictability of exchange rate movements in the post-bretton woods era has lead to which two situations?
The unpredictability of exchange rate movements in the post-Bretton Woods era has lead to which two situations:
Added risk to exporting and importing.Made international business planning difficult.What transpired with exchange rates once the Bretton Woods system was destroyed?The Committee recognized three fundamental shortcomings of the Bretton Woods System: adjustment, confidence, and liquidity. The Bretton Woods parity had been a source of difficulty for the dollar for the majority of the 1960s, but this crisis signaled the end of the system.
The major currencies started to float against one another in March 1973 after an attempt to restore the fixed exchange rates was unsuccessful. The Bretton Woods system was replaced with a floating exchange rate system in 1973, and the IMF officially accepted floating rates in 1976.
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which of the following is done in the first step of the social media marketing strategic planning process? a. situation analysis b. message strategy c. positioning statement d. social media profile e. social media mix
Situation analysis is done in the first step of the social media marketing strategic planning process. The correct answer is option A.
Situation analysis is a method that aids in identifying opportunities and problems for your business, service or product, both internal and external. It can also be used to specify the extent of a problem. When you've figured these things out, you may utilize your conclusions to assist you map out a route from where you are now to where you want to be.
A situation analysis can be done at any time, but it is especially important before you launch a project or introduce a new procedure. It enables you to determine the optimal path of action and proceed without spending time or energy on ineffective movements.
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consumers have the right to: group of answer choices receive refunds without sales receipts or other documentation complain if you have a problem with a product obtain free samples of products and services have unlimited warranties on all products
"The right to have information about the quality, potency, quantity, purity, price, and standard of goods or services," as it may be, is the definition of a consumer right.
However, the consumer must be protected from unfair trade practices. Customers need to be aware of these rights very much.
What makes savvy consumers?Avoid buying things that are only good for a short time. Choose items with minimal packaging. Concentrated products are the best option. Only buy what you really need.
What consumer rights exist?The right to choose, the right to be heard, the right to be informed, the right to safety, the right to satisfy one's fundamental needs, the right to redress or remedy, the right to consumer education, and the right to health in the environment.
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consider the market for beef. (assume that chicken and beef are not substitutes in production). if a new study is released touting supposed health benefits of chicken, what will happen to the equilibrium price and quantity of beef
A rise in the price of beef will result in an increase in the number of individuals who desire chicken, which raises the price of chicken and the quantity of birds purchased at the market. Take the market for chicken as an example.
What is Market?
In general, a market is a place where buyers and sellers congregate to facilitate the efficient exchange and transaction of goods and services.
A market may be present physically, like in a retail store, or virtually, like an online retailer. Other forms of markets include black markets, auction markets, and financial markets.
The sum of money or other forms of payment that one party provides to another in exchange for the provision of goods or services is known as a price.
The cost of manufacturing is referred to using numerous terms depending on the situation.
The term "price" will typically be used if the item is referred to as a "good" in the context of the business transaction.
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