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Crazy boy [7]
3 years ago
12

When the price of a product increases, a consumer is able to buy less of it with a given money income. This describes the

Business
1 answer:
e-lub [12.9K]3 years ago
4 0

Answer:

Describes the inverse relationship.

Explanation:

This describes the inverse relationship between price and purchasing power. If the price of a commodity increase then the purchasing power of a consumer decreases automatically. If the price of the commodity decreases then the consumer's purchasing power increases which means the consumer is able to buy more commodity with the same income.

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Three attraction places found in SA ​
tatuchka [14]

Answer:

The Garden Route

The Cape Town

5 0
3 years ago
Rimi currently earns $3300 per month. She has the following monthly debt payment expenses: $80 for credit cards, $130 for studen
vaieri [72.5K]

Answer:

No, her ratio is greater than 37%

Explanation:

Given:

Monthly income = $3,300

Credit card expenses = $80

Student loan expenses = $130

Car payment = $215

All insurances = $1,221

Computation:

Total debt to income ratio = Total debt / Total income

Total debt to income ratio =  (80 + 130 + 215 + 1221) / 3300

Total debt to income ratio = 49.87%  

Housing payments to income ratio = All insurances / Monthly income

Housing payments to income ratio = (1221) / 3300

Housing payments to income ratio = 37%  

No, her ratio is greater than 37%

3 0
3 years ago
The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $17,750. The bank statement indicated a balance of $
omeli [17]

Answer:

The bank reconciliation statement is as shown below:

                                                Amount in $

Balance per bank statement     33,650.00  

Deposit in transit                               9,150.00  

Outstanding check                    (17,865.00)

Bank charges                                   80.00  

Note collected                             (6,095.00)

Returned check                                (540.00)

Check drawn                             <u>   (630.00) </u>

Book balance                             <u> 17,750.00</u><u> </u>

Explanation:

Deposit in transit has been recorded in the books, thus the addition to the bank balance. Bank charges have been deducted from the bank balance but not in the cash book hence it is added back. Note collected is yet to be recognized in the books hence the deduction from the bank balance.

Amount recorded from the check returned is more than the actual by $540 hence the deduction. The check drawn has been over charged by the bank to the tune of $630 hence the deduction.

5 0
3 years ago
A _______ is a long period of rising stock prices.
Alecsey [184]
A bull market is a long period of rising stock prices. Bull market is a part of financial market that is being invested for a long period of time and is expected to gain a higher rise in the price.
3 0
3 years ago
Read 2 more answers
Investments in debt securities acquired principally for the purpose of selling them in the near term are classified as ________
tensa zangetsu [6.8K]

Investments in debt securities acquired principally for the purpose of selling them in the near term are classified as<u> trading</u> securities.

The definition of investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.

Form of investment shares. Knead. Mutual funds and ETFs. bank product. option. Savings for pension, retirement, and education. Your investment allows you to be independent and not depend on other people's money when you need it financially. You can pay enough for your needs and desires in life.

Learn more about Investments here: brainly.com/question/24703884

#SPJ4

8 0
1 year ago
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