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otez555 [7]
2 years ago
11

Markets for individuals looking to buy products or services for personal or household use are called _____.

Business
1 answer:
kifflom [539]2 years ago
4 0

When an individual wants to buy goods and services for personal or household use, they can go to a <u>Consumer Market. </u>

<u />

<h3>What is a consumer market?</h3>

This is a market where final goods and services are sold to consumers for their personal or household use.

Such a market includes all those who sell directly to consumers such as retailers, and food markets.

Find out more on consumer markets at brainly.com/question/1310911.

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Assume that tea and lemons are complements and that coffee and tea are substitutes. An effective price ceiling on coffee would c
givi [52]

Answer:

An effective price ceiling on coffee would cause the demand curve for lemons to shift to the left.

Explanation:

An effective price ceiling results in lower prices, increased demand, and shortages. Since tea and lemons are complement, a decrease in the price of coffee (substitute of tea) would result in a decrease in the demand for lemons (complement of tea). This means that the demand curve for lemons will shift to the left.

3 0
3 years ago
Social security pays $0. 90/dollar for your first $826 in earnings, $0. 32/dollar for the next $4154 in earnings, and only $0. 1
masya89 [10]

Social Security benefits are typically computed using "average indexed monthly earnings."

<h3>What is the Social Security bonus trick?</h3>

That's a myth: 62 is the earliest age you can claim your benefit, but it's not the only age to do so.

Waiting to claim Social Security after age 62 comes with a bonus: roughly 8% additional monthly income per year for each year you delay claiming (up to age 70).

<h3>What is the lowest Social Security monthly benefit?</h3>

The first full special minimum PIA in 1973 was $170 per month.

Beginning in 1979, its value has increased with price growth and is $886 per month in 2020.

The number of beneficiaries receiving the special minimum PIA has declined from about 200,000 in the early 1990s to about 32,100 in 2019.

Learn more about social security here:

<h3>brainly.com/question/22048159</h3><h3 /><h3>#SPJ4</h3>

7 0
1 year ago
Problem 11-1A Short-term notes payable transactions and entries LO P1 [The following information applies to the questions displa
tester [92]

Missing information:

__?__ Paid the amount due on the note to Locust at the maturity date.

__?__     Paid the amount due on the note to NBR Bank at the maturity date.

Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 6% interest-bearing note with a face value of $24,000.

Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

2017

__?__  Paid the amount due on the note to Fargo Bank at the maturity date.

Required: prepare journal entries

Answer:

2016 Apr. 20 Purchased $37,500 of merchandise on credit from Locust, terms n/30.

April 20, 2016, merchandise purchased on account

Dr Merchandise inventory 37,500

    Cr Accounts payable 37,500

May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 8% annual interest along with paying $2,500 in cash.

May 19, 2016, replaced account payable with note payable

Dr Accounts payable 37,500

    Cr Cash 2,500

    Cr Notes payable 35,000

July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 10% interest-bearing note with a face value of $54,000.

July 8, 2016, borrowed $54,000 from bank

Dr Cash 54,000

    Cr Notes payable 54,000

__?__ Paid the amount due on the note to Locust at the maturity date.

August 17, 2016, paid note payable to Locust

Dr Note payable 35,000

Dr Interest expense 690.41 ($35,000 x 8% x 90/365)

    Cr Cash 35,690.41

__?__     Paid the amount due on the note to NBR Bank at the maturity date.

November 5, 2016, paid bank's debt.

Dr Notes payable 54,000

Dr Interest expense 1,775.34 ($54,000 x 10% x 1220/365)

    Cr Cash 55,775.34

Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 6% interest-bearing note with a face value of $24,000.

November 28, 2016, borrowed $24,000 from bank

Dr Cash 24,000

    Cr Notes payable 24,000

Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

December 31, 2016, accrued interests on bank debt

Dr interest expense 130.19 (= $24,000 x 6% x 33/365)

    Cr Interest payable 130.19

2017

__?__  Paid the amount due on the note to Fargo Bank at the maturity date.

January 27, 2017,  paid bank's debt.

Dr Note payable 24,000

Dr Interest payable 130.19

Dr Interest expense 106.52 (= $24,000 x 6% x 27/365)

    Cr Cash 24,236.71

8 0
3 years ago
What types of businesses are likely to have an informal corporate culture?
Musya8 [376]
A computer worker i guess

hope that helps

plz choose me  as brainiest question of alll sorry words may be wrong texting on brand new iphone 6 broke iphone 5s
3 0
3 years ago
Read 2 more answers
a local partnership was in the process of liquidating and reported the following capital account balances: justice, capital (40%
bogdanovich [222]

Based on the capital account balances and the amount in the cash account, the amount that Zobart will receive is $15,467.

<h3>What will Zobart receive?</h3>

The amount that Zobart will receive can be found by the formula:

= (Deficit x percentage in partnership/ 75%) + Capital account balance

Solving for the amount going to Zobart gives:

= (14,000 x 35%/75%) + 22,000

= $15,467

In conclusion, the amount to Zobart is $15,467.

Find out more on capital distributions at brainly.com/question/22693552

#SPJ1

8 0
1 year ago
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