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zheka24 [161]
3 years ago
5

Critical analysis Q8 Complete the following statement. An unexpected increase in the price level will temporarily output and emp

loyment, whereas an unexpected decrease in the price level will output and employment.
Business
1 answer:
tester [92]3 years ago
6 0

Answer: INCREASE; DECREASE

Explanation:An unexpected increase in the price of goods and services will cause a temporary output and employment,this is so because producers will respond to the rise in price by increasing the amount of goods and services supplied to the market,this will lead to a rise in employment.

An unexpected decrease in price level will lead to a decrease in the output by producers and employment will drop accordingly. This tries to show how price determines change in supply and employment.

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When buyers refuse to pay a product’s stated price or when improvements in other items or fashion changes reduce the appeal of t
hoa [83]
Reduction in the price. If they do not reduce the price, then people will not buy the product, and they will be left with too many of the same products. 
4 0
3 years ago
Amanda Jones is a tax practitioner who is representing Sean and Diane Smith before the Wage and Investment Division of the Inter
algol13

Answer:B. Amanda must advise Sean and Dianne promptly of the inaccuracy and the consequences provided by Internal Revenue Code and Regulations.

Explanation:

Sean and Dianne have probably engaged Amanda at the end of the tax year and they are to face implications of the transactions as it relates to tax matters, Amanda is to provide them with legislation in relation to the matter to educate them in future tax transactions.

8 0
3 years ago
To determine the effective gross income on a property, the sales associate should:________
artcher [175]

Answer:

Subtract vacancy and credit costs from potential gross income

Explanation:

Effective gross income (EGI) is actually the ratio or relationship that exists between the sale price of a property and effective gross income of that same property.

It is the potential gross income added to other income when vacancy and credit costs are subtracted from it.

EGI is used to determine the value of a rental property and the cash that the property generates.

4 0
3 years ago
Kyra is a middle manager for her firm and just finished comparing the results of a promotional campaign with the company's outco
Anni [7]

Answer:

C. communicate results and deviations with management and employees involved.

Explanation:

The control process is a process in which the company collects and evaluates the information about a system or process to make decisions. This process involves: establishing performance standards, measuring the actual performance, evaluate the performance against the standards, analyze results and possible deviations and take the necessary actions. As Kyra already compared the results of the promotional campaign with the company's outcome expectations, the next step would be to analyze the results in which she would have to share the information with the employees involved and determine if there are deviations. According to this, the answer is that the next step in the control process is to communicate results and deviations with management and employees involved.

4 0
3 years ago
g Klein uses the perpetual inventory system and the gross method of accounting for sales. The journal entry or entries that Klei
Softa [21]

Answer:

Note: The complete question is attached as picture below

Date       Account Titles and Explanation     Debit    Credit

12-Mar    Accounts receivable                         $7,800

                     Sales                                                         $7,800

               (To record the sales on account)

12-Mar   Cost of goods sold                             $4,500

                      Inventory                                                   $4,500

               (To record the cost of goods sold)

4 0
3 years ago
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