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2 years ago

What can cause the market demand curve for day-old bread -- an inferior good -- to shift rightward (an increase in demand)

1 answer:

5 0

A factor that can cause the market demand curve for day-old bread to shift rightward is a decrease in income.

<h3>What is an inferior good?</h3>

An inferior good is a good whose demand falls when income rises and increases when income falls. An inferior good is a good whose demand increases when income falls.

<h3>What is an increase in demand?</h3>

An increase in demand occurs when the demand for a good increase as a result of factors other than a change in the price of a good. When there is an increase in demand, there would be a shift to the right of the demand curve.

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After a business transaction has been analyzed and entered in a journal, the next step in the recording process is to transfer t

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After recording the transaction in journal you must record it on General Ledger.

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3 years ago

Assume that you have already completed a 5-year international assignment working for KPMG as a Tax Consultant in Singapore.

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Based on the information, it can be deduced that it's an indication of the uncertainty that exists in the Vietnamese cultural model.

From the complete information, Vietnam has low points in the avoidance index. This implies that they're less associated with their cultural roots and don't have concern for hiring white people.

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2 years ago

Audits of financial statements are designed to obtain reasonable assurance of detecting misstatement due to?

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Answer:

Errors, fraud, and noncompliance with laws with a direct effect on financial statement amounts.

<h3>How does the auditor obtain reasonable assurance?</h3>

In order to obtain reasonable assurance, the auditor shall obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion.
Reasonable assurance is obtained when the auditor has thereby reduced audit risk to an acceptably low level.

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1 year ago

A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800. Group startsTrue or FalseTrue, unselec

zavuch27 [327]

A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800 is false because the real pay at closing is $1,600.

<h3>What is mortgage?</h3>

A mortgage is a loan that is used to buy or to maintain a land, home, or other sort of real estate.

The borrower checks to refund the lender over a period of time, usually in an ordination of regular installments divided into principal and interest. The property is used as security for the loan.

According to the given information,

Mortgage Amount = $80,000

Points = 2

Let the 2 points is taken as a percentage:

Point 1 = 1%, and

Point 2 = 2%

Now, as we know that in the loan process, the amount of point is cyphered at the closing. Then, the closing cost is commuted as:

$\text{Closing Cost Amount} =\text{Mortgage} \times \text{Points}\\\\\text{Closing Cost Amount} =$80,000 \times 2\%\\\\\text{Closing Cost Amount} =\$1,600$

Therefore, the given problem is false, that the borrower have to pay $800, he would have to pay only $1,600.

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2 years ago

Americans are beginning to rely more on _________ as their source for news. ap gov

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<span>Americans, primarily younger Americans, are beginning to rely on the internet for their main source of news. The internet reaches far and wide across the world an offers a wide array of sources and can even be personalized to suit each persons wants and interests.</span>

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3 years ago