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3 years ago

2-3 personal experience of exploitation as a consumer

Business

1 answer:

Scilla [17]3 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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For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance tot

Mice21 [21]

Answer:

a) The debit and credit side of the unadjusted trial balance would be increased by $ 5200.

b) The debit side would remain unchanged. No effect will be seen in the adjusted trial balance.

Explanation:

Effect of adjustments on adjusted Trial Balance.

This first entry would increase the wages expense and increase the liability account in the adjusted trial balance. Both debit and credit side would be increased by an equal amount.

b) This would decrease the Supplies account and increase the supplies expense in the unadjusted account. As both are on the debit side there would be no effect in the debit total.

Sr No Account Debit Credit

Original Entries

a. Wages Expense 5200

Accounts Payable 5200

b. Supplies Expense 1125

Supplies Account 1125

Correct Entries

a. Wages Expense 5200

Accrued Wages Account Payable 5200

b. Supplies Expense 1125

Supplies Account 1125

Difference:

a) We see that the first entry which was original passed the debit side is correct but the credit side would have been of accrued wages instead of accounts payable . This is to raise the amount by which wages are still outstanding by an amount 5200 at the end of the month.

This would decrease the accounts payable increase the wages payable . If the adjustment is not made it the salaries payable is understated .

b)This adjusting entry is correct.

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3 years ago

Befriends corporation uses the trademark of community life inc., a social media site, as a meta tag without community life's per

sashaice [31]

Using the trademark of a social media site Community Life Inc. by Befriends Corporation as a meta tag without community life's permission is permissible if the use reasonably necessary or the use constitutes trademark infringement. Therefore, the answer is letter C.

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4 years ago

Read 2 more answers

Which statement is prepared for only one date?

lilavasa [31]

Answer:

income statemant.......

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3 years ago

A 65-year-old retiree wishes to convert the cash value of his insurance policy into an annuity. He can select an annuity that wi

insens350 [35]

Answer:

The annual difference between Option 1 (15 years) and Option 2 (20 years) is $7,211.19 in favor of the first one.

Explanation:

Giving the following information:

Option 1:

Number of years= 15

FV= 450,000

i= 0.0525

Option 2:

Number of years= 20

FV= 450,000

i= 0.0525

To calculate the annual cash flow, we will use the following formula on each option:

A= (FV*i)/{[(1+i)^n]-1}

A= annual cash flow

Option 1:

A= (450,000*0.0525) / [(1.0525^15) - 1]

A= $20,464.72

Option 2:

A= (450,000*0.0525) / [(1.0525^20) - 1]

A= $13,253.53

The annual difference between Option 1 (15 years) and Option 2 (20 years) is $7,211.19 in favor of the first one.

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3 years ago

The primary goal of social business is to deepen interactions with employees and customers. True False

ivanzaharov [21]

Answer:

True

Explanation:

As in order to spread the interaction and to diversify the market, the primary goals s to deepen the social interaction among the members of the thereby interaction with the employees and the customers and hence this will lead to the increase in the profits.

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3 years ago