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Aleks [24]
3 years ago
5

​As the income of bus riders increased, the wages of bus drivers increased simultaneously. How does this affect the market for b

us rides (inferior good)?
Business
1 answer:
kondor19780726 [428]3 years ago
6 0

Answer:

The demand curve and supply curve will shift leftwards.

Explanation:

The increase in the income of riders will decrease the number of bus rides because there is an inverse relationship between income and inferior goods. Therefore, the demand curve for bus rides will shift leftwards. Moreover, the increase in wages is an input cost, therefore, the rise in input cost will shift the supply curve leftwards.

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MariettaO [177]

Answer:

Sissie must report both operations separately, even though the gain in one of them does offset the loss on the other:

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  • selling of equipment B: reported ordinary loss of $14,490 ($23,000 - $37,490)

The effect of both transactions is a net gain of $8,020 that will increase Sissie's ordinary income.

Explanation:

Both assets are § 1231 assets, and § 1245 allows deprecation recapture on the sale of equipment A, so the gain must be considered ordinary income. The loss on the sale of equipment B is a § 1231 loss which must be treated as an ordinary loss.

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3 years ago
A manufacturer with a product in the decline stage of the product life cycle would most likely decide to ________ if there is re
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<span>A manufacturer with a product in the decline stage of the product life cycle would most likely decide to let current stocks of the product run out if there is reason to believe that there will be a small but continuing demand for the product.

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A franchise can be among the more expensive business to start because
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dalvyx [7]

Answer:

He will have to come up with a bigger down payment.

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Good luck:)

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Answer:

(C) Debit Office supplies, $500; credit Accounts payable, $500

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Businesses maintain the office supplies inventory of supplies and record the supplies purchased into this account and expense it afterward with the usage of inventory. In this question offices supplies purchased will be debited to office supplies account. As it is purchased on account so it will be credited to account payable account to make a liability against the transaction.

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