Answer: income effect of a price change.
Explanation: The income effect is known as the effect on real income when price changes, it can however be positive or negative. The income effect expresses the impact of increased purchasing power on consumption.
In this scenario, spending $10 for lunch, and you would like to purchase two cheeseburgers. When you get to the restaurant, you find out the price for cheeseburger has increased from $5 to $6, so you decide to purchase just one cheeseburger, this scenario best illustrates the income effect of a price change.
Sally is buying a home and the closing date is set for April 20th. the annual property taxes are $1234.00 and have not been paid yet. The answer is $368.51.
Step 1: Find the daily rate; property taxes for the year ($1234.00) / 365 days = $3.38.
Step 2: Seller will credit buyer from January through midnight the day before closing. Calculate the exact number of days; January 31 + February 28 + March 31 + April 19 = 109 days Step 3: Multiply the daily rate ($3.3808219178) x Number of days (109) = $368.51
Property tax is the sum that a landowner must pay to the local government or municipal body in their area. Every year, the tax is due and payable. Real estate assets include real estate, commercial real estate, and residential real estate that is rented to third parties.
Owners of real estate must pay property taxes that are computed by the municipal authority where the asset is situated.
Property tax is calculated based on the value of the property, which can be a tangible personal property or real estate in various countries.
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Answer:
3. increase consumer recognition and awareness of product offerings.
Explanation:
A brand is an identity of a product or service provided by a company. It is a unique identifier of the product and differentiates it from competitors. An example is the shape of CocaCola bottle and its consistent taste are unique to that company and is easily recognizable to customers. Another example is Luis Vuitton whose brand customers identify as luxury.
Repay loans so that the bank can get it reserves back up to the required level