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mrs_skeptik [129]
3 years ago
8

When the government sets an effective price floor suppliers are helped and consumers are helped. suppliers are hurt and consumer

s are helped. suppliers are helped and consumers are hurt. This is an incorrect answer. Have a nice day! supply increases due to the increase in price.
Business
1 answer:
MariettaO [177]3 years ago
7 0

Answer:

suppliers are helped and consumers are hurt.

Explanation:

A price floor is when the government or an agency of the government sets the least price a good or service can be purchased.

A price floor is usually set above equilibrium price. As a result, the profit earned by sellers increase while the good becomes more expensive for consumers.

I hope my answer helps you

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Name some results that would happen to someone without personal finance skills
asambeis [7]

Answer:

The answer would be

Explanation:

1. Not keeping a budget

2. Paying bills late

3. Not saving money

4. Buying what you want instead of what you need

5. Impulse purchases

6. Getting into debt

7. Borrowing money

8. Being too stingy

9. Not learning about money management

Those who bear the weight of financial burdens may neglect their health in an attempt to save money; they may even go so far as to completely avoid healthcare because they do not have the means to pay it.

Your health is not the only thing negatively affected by poor money management habits. Your career can also take a costly toll from stressors caused by mismanaging your finances

4 0
3 years ago
Inherent risk and control risk differ from detection risk in that inherent risk and control risk are?
Bumek [7]

Detection risk refers to the auditor's processes and can be altered at the auditor's discretion, whereas inherent risk and control risk exist independently of the audit of financial statements. The relationship between detection risk and inherent and control risk should be inverse. The more the detection risk that may be accepted, the less inherent and control risk the auditor thinks to be present. In contrast, the auditor considers that the detection risk can be tolerated less as inherent and control risk increases.

Inherent risk: What is it?

  • Human Involvement.
  • Business connections and regular meetings.
  • Assumption/Judgment Based Accounting is number three.
  • Organizational structure complexity.
  • Transactions that are not routine.

Cybersecurity risks, integrity and moral risks, fraud risk, subpar business system designs, etc. are a few examples of control risks. A crucial duty for the accounting department of a firm is control risk monitoring.

To lean more about Detection risk from the given link.

brainly.com/question/4298484

#SPJ4

3 0
1 year ago
The short-run aggregate supply curve shows: O Changes in output in an economy as the price level changes, holding all other dete
tankabanditka [31]

Answer:

It show the <em>Changes in output in an economy as the price level changes, holding all other determinants of real GDP constant </em>

Explanation:

<em>The short run aggregate supply curve displays the adjustments in an economy's production as the price level increases, keeping all the other actual GDP determinants constant. </em>

This demonstrates the connection of the price level to the output

Holding all GDP determinants stable as demand shifts with short run prices indicates a strong correlation among price level and output

5 0
4 years ago
On December 29, 2015, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accum
IRISSAK [1]

Answer:

cash                                                 1,500 debit

accumulated depreciation- VAN 18,000 debit

loss at disposal                                  500 debit

                VAN                                                     20,000 credit

Explanation:

The journal entry must remove the van and their associate account from the company's books.

Therefore, will write-off van account and the accumulated depreciation.

Patel is receiving cash by the amount of 1,500 dollars. It will post the receipts as a debit to this account.

The difference will be considered gain/loss at disposal.

In this case, as the amount received 1,500

is lower than book value: 20,000 - 18,000 = 2,000

it will be a loss at disposal

6 0
3 years ago
A tax system in which the tax rate on everyone's first $10,000 of income is 10 percent, the tax rate on everyone's second $10,00
elena-14-01-66 [18.8K]

Answer:

The appropriate response is "Progressive tax".

Explanation:

  • Progressive taxation appears to mean that the tax rate is higher for increased organizations as well as lower for low-income communities. Whenever the taxable income leads to higher, the above tax rate tends to increase.
  • The approximately equal tax rate would be taxation that is set regardless including its up or down in tax liability.

So that above is the correct answer.

4 0
3 years ago
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