Answer:
as the price level fall, the value of money increased.
Explanation:
the impact of deflation on an economy is that its decreases the price level of goods and services but increases the value of currency.
this is seen by the illustration given:
In year 1, A basket cost $9 and $72 can buy 8baskets
In year 2, A basket cost $8 and $72 can buy 8baskets. though the price level as reduces but the value of $1 increases.
For example, Let say, I am buying baskets from Nigerian, provided the values of currency are not constant.
Given, N = naira
@ N1 = $9, = 8 basket is obtained
@N1.125 =$8, = 8 basket is also obtained (becaused value of currency as increased )
Answer:
Profit and Loss file
Sales receipt
Payrolls from your payroll firm that have been paid
Receipt for business travel
Utility bills paid
Insurance premium paid
Rent paid for office space
Advertising bills paid
Balance sheet file
Bank statement showing cash in the bank
Order for suppliers that you have 60days to pay
Statement showing balance due on bank loan
Credit card statement showing balances due
Bounced checks from customers for prior sales
Explanation:
Answer:
Anne exhibits high level of product involvement.
Explanation:
Product involvement is the level of consumers interest in the product and the associated relationship of the consumer with the product.
As it is evident from the question that Anne is well informed about the deals and has interest in knowing about the product before buying it. This indicates the high level of product involvement.
Answer:
$15 million
Explanation:
Data provided in the question:
Inventory turn ratio = 60
Annual sales = $50 million
Average inventory = $250,000
Now,
we know,
Inventory turn ratio = ( Cost of goods sold ) ÷ ( Average inventory )
thus,
60 = ( Cost of goods sold ) ÷ $250,000
or
Cost of goods sold = 60 × $250,000
or
Cost of goods sold = $15,000,000 or $15 million
When thieves use your name and good credit rating to get cash or buy things, they are engaging in identity theft.
Identity theft can be define as impersonating another person by making use of that person personal information as their own.
A person using Identity theft can use some else identity to steal from innocent people after stealing the personal details of the person such as the person name so as to obtain cash or to defraud.
Identity theft is bad as it can damage someone image or reputation as the identity thieve can use to commit various crime by pretending to be you.
Inconclusion when thieves use your name and good credit rating to get cash or buy things, they are engaging in identity theft.
Learn more about identity theft here:brainly.com/question/17112484
