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4 years ago

2-3 personal experience of exploitation as a consumer

Business

1 answer:

Scilla [17]4 years ago

3 0

Answer:

Explanation:

Exploitation often involves a denial of an individual's right (in this case a consumer's right).

Consumers are often exploited in this three areas:

Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.

High Prices: This is often happens when a consumer isn't aware of the average price of a particular product and may be the taken advantage of by the seller.

False or Incomplete product description: Online shopping often presents this type of exploitation. For example, an individual may buy a wrist watch he thinks is made of silver, but receives the item an discover it is actually made of rubber material.

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Scenario 22-3: Economy of Centralia Centralia has no trade and no government. GDP = $25 trillion. Consumption Spending = $18 tri

erastovalidia [21]

Answer:

The level of private saving in Centralia is $7 trillion.

Explanation:

The economy of Centralia has no trade and no government.

The level of GDP is given as $25 trillion.

Consumer spending is $18 trillion.

The level of private savings, in this case, will be the difference between the GDP or total income and consumption spending.

Private savings

= $25 trillion - $18 trillion

= $7 trillion

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4 years ago

When will bath and body works candles be on sale again

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This year on the first Saturday of December, falling on December 4 this year

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3 years ago

Baker, an unmarried individual, sold a personal residence, which has an adjusted basis of $70,000, for $165,000. baker owned and

Stella [2.4K]

The answer is $0.

$0 is the bakers recognized gain because a taxpayer is allowed to the exclusion of up to $250,000 and $500,000 for tax payers who are married, of capital gain attributed to the sale of a personal residence. One requirement a baker met here for exclusion that tax payer must occupy the residence for two to five years before sale.

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3 years ago

A number of studies examining the number of elderly adults with major ncd are not in agreement. explain at least three possible

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1. Many form of NCDs appear without obvious symtoms, making people who actually had it may not realize that they had it.
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3 years ago

Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2016, accounts receivable totaled $720,000. Th

Yuki888 [10]

Answer:

Journal

Date Account Titles and Explanation Debit Credit

Allowance for uncollectible accounts $30,500

Accounts Receivables $30,500

(To write off uncollectibles during the year)

Journal

Date Account Titles and Explanation Debit Credit

Account receivables $3,100

Allowance for uncollectible accounts $3,100

(To reinstate receivables written off earlier)

Journal

Date Account Titles and Explanation Debit Credit

Cash $3,100

Account receivables $3,100

(To record the recovery of bad debts)

Journal

Date Account Titles and Explanation Debit Credit

Bad debt expenses $48,000

Allowance for uncollectible accounts $48,000

(To record bad debts expenses)

Workings

Closing allowance = Opening allowance - Receivables written off + Receivables reinstated = $51,000 - $30,500 + $3,100 = $23,600

Expenses Bad debt = Receivables at the end of 2016 * Estimated percentage = $720,000 * 10% = $72,000

Allowance to be created = Estimated bad debts - Balance of Allowance at year end = $72,000 - $23,600 = $48,400

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3 years ago