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const2013 [10]
3 years ago
13

How can a change in income shift a demand for goods?

Business
1 answer:
salantis [7]3 years ago
8 0

The demand of something means how the insistency or desire to purchase that item. When there is a shift in income, demand for goods change drastically. If the income level for a person rises, then the demand for goods that they may not have been able to afford before rises and the cheaper options decline. If the income shift drops, the demand for the goods previously affordable may go down, due to not being able to afford them anymore.

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If the Accounts Receivable balance is $10 million less than the balance at the beginning of the year, then on the statement of c
alexgriva [62]

$10 million should be added to net income.

<h3><u>What is Accounting?</u></h3>
  • Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
  • A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting.
  • They provide a succinct summary of financial transactions across an accounting period. One of the most important aspects of practically every firm is accounting.
  • Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.
  • Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.

Know more about Accounting with the help of the given link:

brainly.com/question/13310721

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6 0
1 year ago
Maxine knows the students will be disappointed that her textbook is out of stock, but she needs to get them information about th
Nana76 [90]

Answer:

The correct answer is C

Explanation:

Maxine got to know that the textbooks, are out of stock, which will disappoint the students, if they get to know, but she has to get the information regarding the orders.

So, she could start or begin his mail, by saying or mentioning that the students, we have to cancel or withdraw the order as the circumstances or situation arises, which is out of our control. I really appreciate the booking, but thank you for bookings.

8 0
2 years ago
Joni has dreamed of becoming a wedding planner since she was a little girl. As she completes her career search, she’s wondering
bazaltina [42]

Answer:

These are the answer choices for the question:

  • Physical strength and stamina for lifting heavy equipment
  • Mathematical knowledge for calculations and data analysis
  • The ability to work with computers and other machinery
  • Communication and interpersonal skills for working with clients
  • Problem-solving skills for handling any issues that arise

And these are the correct answer choices:

  • Communication and interpersonal skills for working with clients
  • Problem-solving skills for handling any issues that arise

Explanation:

As a wedding planner, Joni will need to make emphasis on developing her soft skills, since hard skills, or technical knowledge, are not so important in the wedding planning business.

Joni should make sure that she has very well-developed communication and interpersonal skills, so that she can obtain new clients, keep existing ones, and cater to their personal needs.

She should also have very good problem-solving skills in order to be able to deal with the daily issues that arise in any wedding.

3 0
3 years ago
OSHA maintains accident summaries on their web site?
Rzqust [24]
No, they do not maintain accident summaries on their website. 
6 0
3 years ago
Each of the following would be reported as items of other comprehensive income except:a. foreign currency translation adjustment
pashok25 [27]

Answer:

The correct answer is D

Explanation:

Other comprehensive income is income which involve losses, revenues, gains and expenses under both IFRS (stands for International Financial Reporting Standards) and GAAP (stands for Generally Accepted Accounting Principles), which are excluded from the net income on the income statement. In short, it means that are listed after the net income on the income statement.

The followings are stated under the income statement, which are:

Foreign currency translation gains or losses.

Gain on the projected obligation of pension benefit.

Pension prior service costs or credits.

Deferred gain from derivatives.

8 0
3 years ago
Read 2 more answers
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