Answer:
Income effect
Explanation:
The effect is because the customer purchasing power has been changed due to which he is now able to buy more to fulfill his needs and wants. The income effect occurs due to two reasons.
Number 1. The real income of the person has been increased which means his purchasing power has been increased. This means previously you were earning $2000 a month and now you are earning $10000 a month. Now you can buy New Iphone every month because your real income has been increased and this has increased your purchasing power.
Number 2. The price of the product has been fallen and now it is in range of the purchasing power of the customer. This means that if Iphones 11 are available at $100 then everybody buy Iphone 11. This is because the product is in the range of purchasing power of greater number of customers.
Answer:
a. $140,000
Explanation:
Options are <em>"a. $140,000
, b. $100,000, c. $180,000
, d. $240,000
"</em>
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Capital Account = Fair value of the asset (i.e. Partner's investment is valued on fair value)
Date Account Debit Credit
Building $140,000
Partner's capital $140,000
This can be solve by solving first the net profit of the
salon and compare it with money if he works at another salon.
Net profit = gross profit – expenses
Net profit = $150,000 – ($10,000 + $60,000 + $50,000)
Net profit = $30,000
$50,000 - $30,000 = $20,000
The owner could earn more if he work at the other salon
<span> </span>
Answer:
its false sorry i don't have explanation
Explanation: