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Law Incorporation [45]
3 years ago
7

Consider the market demand for peanut butter.Complete the following table by indicating whether an event will cause a movement a

long the demand curve for peanut butter or a shift of the demand curve for peanut butter, holding all else constant. Event Movement or Along ShiftA change in the expectations of consumers about prices A decrease in the price of peanut butter A decrease in the number of consumers
Business
1 answer:
EleoNora [17]3 years ago
8 0

Answer:

A change in the expectations of consumers about prices - a shift of the demand curve for peanut butter

A decrease in the price of peanut butter - a movement along the demand curve for peanut butter

A decrease in the number of consumers - a shift of the demand curve for peanut butter

Explanation:

Only a change in price of a product would lead to a movement along the demand curve for that product.

A decrease in the price of peanut butter would increase the quantity demanded for butter. This would lead to a movement down the demand curve.

A change in the expectations of consumers about prices can shift demand curve either to the left or right.

A decrease in the number of consumers would shift the demand curve to the left.

I hope my answer helps you

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Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the b
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Answer:

The following statements are true about the chart of accounts:

a. Different companies use different charts of accounts based on individual company need.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

a. Different companies use different charts of accounts based on individual company need.

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c. The chart of accounts should be ordered in a logical sequence based on type of account.

d. The chart of accounts can be ordered in any sequence because they are not formal financial systems.

The explanation of the answer is now provided as follows:

A chart of accounts can be described as a list of financial accounts that an accountant sets up for an organization and makes available to the bookkeeper for inputting transactions into the general ledger.

Therefore, the chart of accounts for each account type should be organized in a logical sequence. Depending on the needs of the business, different organizations employ different charts of accounts.

Based on the explanation above, the following statements are true about the chart of accounts:

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