Credit allowed for part of the purchase price of merchandise that is not returned does not change the balance of the customer's accounts payable. True or False
Answers
The statement "Credit allowed for part of the purchase price of merchandise that is not returned does not change the balance of the customer's accounts payable" is false.
What's account payableAccounts payable is the amount owed to suppliers for goods and services purchased on credit. It is a liability account, which means that it increases when you buy items on credit, and decreases when you pay them off.
The customer's accounts payable balance is affected by the credit allowed for part of the purchase price of merchandise that is not returned. When a customer returns part of their purchase, the amount of credit given to them is deducted from the total amount owed, reducing their accounts payable balance.
For instance, if a customer bought $100 worth of goods on credit, and then returned $20 worth of goods, they would receive a credit of $20, and their accounts payable balance would decrease from $100 to $80 ($100 - $20).
Therefore, the statement "Credit allowed for part of the purchase price of merchandise that is not returned does not change the balance of the customer's accounts payable" is false.
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Related Questions
Which of the 4 P's focuses on communicating the value proposition?
Answers
Answer: The marketing mix is most commonly executed through the 4 P's of marketing: Price, Product, Promotion, and Place.
Explanation:
What is the term for the relationship between printer and paper?
Answers
Answer: an analogy i think printer is to paper as is pen is to ink
Explanation: one depends on the other
In a market economy, decisions about which goods are produced are based
on:
A. what health care organizations suggest will be best for citizens.
B. what the local community has made for generations.
C. what the government decides is important for society.
D. what businesses believe will generate the most profits.
SUBMIT
Answers
Case study you must find a solution to this issue or challenge regarding Industrial Internet of Things The context Here is the case in question. The pharmaceutical company PROTECTME manufactures vaccines for the Canadian population and wishes to significantly increase the performance of its laboratory in order to better respond to the government's demand and to win future tenders The PROTECTME laboratory is currently running at 90% of its production capacity. lorder to remain effective, vaccines must be stored at the correct temperature, between 2°C and 8°C. Vaccines are as sensitive to heat as they are to freezing they should not be stored in a refrigerator. The cold chain must be respected at every stage of the process, from the production of the vaccine to all successive phases of storage and transport, right up to its use The supply chain consists of 0 steps (simplified process) 1. Antigen development in the laboratory 1 2. Transport to the main laboratory 3. Vaccine manufacturing and batch assembly 4. Storage awaiting delivery 5. Transport to injection centers 6. Final quality control and batch approval The Challenge Although the PROTECTME laboratory is maximized in terms of production, only 55% of the doses manufactured can be administered, as a Joce number of them are destroyed during one of the multiple steps of the quality control process PROTECTME wants to implement a more efficient temperature control solution throughout the supply chain, from the antigen development laboratory to the injection centers, including all processing steps PROTECTME wants to ensure a better traceability of products and batches and to be alerted as soon as possible of any temperature deviation at any point in the supply and production chain. QUESTIONS: Using the knowledge gained on Internet of Things and Industrial Internet of Things technologies, what solution could you recommend to PROTECTME? Case study What investments (CAPEX and OPEX-Infrastructure, hardware, and services) will PROTECTME need to consider in order to implement the proposed solution as quickly as possible? What are all the benefits of implementing the solution you propose, both at the operational and societal levels? Can the proposed solution be extended and used for other purposes, to improve other aspects of the business?
Answers
address the challenges faced by PROTECTME in ensuring efficient temperature control and traceability throughout vaccines their supply chain, a recommended solution is the implementation
Industrial Internet of Things system. This solution involves deploying temperature sensors, data loggers, and connected devices at key points in the supply chain, including production, storage, and transportation stages. These devices would collect real-time data on temperature conditions and transmit it to a centralized monitoring system. The monitoring system would utilize advanced analytics and machine learning algorithms to analyze the temperature data and identify any deviations from the desired range. In the event of a temperature deviation, automated alerts would be sent to relevant personnel, enabling them to take immediate corrective actions to prevent spoilage of vaccines. The investments required for implementing this solution would include:. This would enhance overall vaccine safety and public trust. Furthermore, the proposed IIoT solution can be extended and utilized for other purposes within the business. vaccines For instance, the real-time monitoring and analytics capabilities can be leveraged for predictive maintenance of equipment, optimizing energy consumption, and streamlining overall operations. By integrating additional sensors and data sources, PROTECTME can gain further insights into their manufacturing processes and drive continuous improvement initiatives.
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What do you mean by ECONOMIC
Answers
Answer:
Economics is a social science concerned with the production, distribution, and consumption of goods and services.
why do economists believe that our free enterprise system depends on the protection of private property rights?
Answers
Private ownership encourages people to develop their property in ways that benefit others.
Why do economists think private ownership helps improve property?
Private property encourages efficiency by providing the resource owner with an incentive to increase the value of their holdings. The more trading power a resource gives its owner, the more valuable it is. This is so that property owners in a capitalist system are entitled to any value attached to their property.
Private property ownership stimulates land development for the good of others. Property owners frequently make the best use of their properties.
It is advantageous because owners are motivated to maintain the property. What does market regulation serve in terms of economics? to have an impact on people's and businesses' economic behavior.
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Part I You have decided to buy a car. Decide on the car, model and price. Find a few bank that is willing to loan you the money. Find their terms. The rate, the number of years. Amount the bank is willing to loan Decide on the car, the bank and the number of years you want to pay up your loan Car model-PERODUA MYVI Price - RM 50000 Intrest rate – 3 % Number of years – 5 years Down Payment - Rm 10000 a) You decide to borrow money from your parents for down payment without interest. Decide on your down payment, the amount you want to borrow and when you want pay your parents. Draw up a promissory for the down payment you obtain from your parents. B) Using the interest charge based on original balance, calculate i. the total interest charged ii. the instalment price iii. the monthly payment.
Answers
You have decided to buy a PERODUA MYVI priced at RM 50,000 with a down payment of RM 10,000. The chosen bank offers a 3% interest rate, and you will repay the loan over 5 years.
a) You decide to borrow the RM 10,000 down payment from your parents without interest. To repay your parents, you can create a promissory note that states the borrowed amount, repayment terms, and date of repayment.
b) Using the interest charge based on the original balance:
i. To calculate the total interest charged:
- Loan amount: RM 50,000 - RM 10,000 (down payment) = RM 40,000
- Interest rate: 3%
- Number of years: 5
- Total interest charged: RM 40,000 x 3% x 5 = RM 6,000
ii. To calculate the installment price:
- Total loan amount + total interest charged: RM 40,000 + RM 6,000 = RM 46,000
iii. To calculate the monthly payment:
- Installment price / (number of years x 12 months): RM 46,000 / (5 x 12) = RM 767.67
So, the total interest charged is RM 6,000, the installment price is RM 46,000, and the monthly payment is RM 767.67.
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What is TRUE about the prevalence of diversity in the modern workplace?
Diversity in the workplace has continued to increase.
Diversity in the workplace has continued to decrease.
Diversity in the workplace has shown no increase or decrease.
There is no data to track diversity in the workplace.
Answers
In summary correct option for this question is Diversity in the workplace has continued to increase.
Why is it?
There has been a growing recognition among organizations of the importance of diversity and inclusion in the workplace. With increased awareness, companies have made efforts to increase the representation of diverse individuals among their employees.
This has resulted in a trend towards increasing diversity in the workplace over the past few decades. Diversity in the workplace refers to the representation of people from different backgrounds, including race, ethnicity, gender, age, sexual orientation, religion, and more.
Having a diverse workforce can lead to many benefits, including increased creativity, innovation, and problem-solving abilities, as well as greater employee engagement and job satisfaction
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What should be included in all career objectives? interest in new challenges, relevant skills, technological expertise interest in a specific position, relevant skills, benefit to employer interest in a specific field, relevant skills, salary expectations interest in new knowledge, relevant skills, salary expectations
Answers
Answer:
B. interest in a specific position, relevant skills, benefit to employer.
Explanation:
Career objectives can be defined as an optional part of a curriculum vitae (resume) used by job applicants to give a brief description about their interest in a specific position, relevant skills, experience and potential benefits to an employer.
In order to increase your chances of being invited for a job interview, it is advisable that you include a clear career objective in your resume so as to make it compelling and convincing to hiring managers.
As a job applicant, what you should include in all career objectives is an interest in a specific position, relevant skills, and benefit to employer because it is one of the sections to be noticed first.
Generally, career objectives should be limited to a maximum of two or three lines of text or sentences and typed at the top of a resume, just below your contact information and name so as to quickly catch an employer's attention.
(Please no links! and help ASAP!) An extract of a balance sheet is given. What are the debt-equity ratio and the quick ratios?
The debt equity ratio is ___. (correct to 2 decimal places)
A. 1.56
B. 2.10
C. 1.38
The quick ratio is ___. (correct to 2 decimal places)
A. 0.92
B. 0.91
C. 0.25
I'd love to see all the math done as well if possible.
Answers
Answer:
Explanation:
i think
1. its c
2. a
(HELP) Which details apply to a financing contract? Check all that apply.
A. requires a credit check
B. are always less expensive than using a credit card
C. includes interest rate information
D. requires a signature for rent-to-own agreements
E. can be broken at any time
Answers
Which of the following is true regarding states that have adopted the reasonably foreseeable users test for accountant liability to
third parties?
Answers
The reasonably foreseeable users test holds an accountant liable to any third-party who was or should have been foreseen as a possible user of the accountant's work product and did, in fact, use and rely upon that work product for a proper business purpose.
What is accountant?By gathering, monitoring, and making necessary corrections to the company's finances, an accountant assists organisations in making important financial decisions. Financial audits, bank statement reconciliation, and ensuring that financial records are accurate all year long are under their purview.
Account analysis, auditing, and financial statement analysis are examples of professional accounting duties carried out by accountants. Accountants can work for an accounting firm, a sizable business with an internal accounting division, or they can open their own practise.
These four areas of accounting are forensic, corporate, public, and governmental. For any accounting employment, an undergraduate degree is typically a requirement, however prior master's work—especially in the accounting field—is frequently greatly encouraged.
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Under a Keogh plan, which of the following is NOT an acceptable investment?
A) International bond fund.
B) U.S. government bond.
C) Unit investment trust.
D) Rare oil painting.
Answers
Under a Keogh plan, an acceptable investment generally refers to investments that are considered permissible under the Internal Revenue Service (IRS) regulations governing retirement plans.
Among the options provided, the investment that is NOT generally considered an acceptable investment under a Keogh plan is:
D) Rare oil painting.
Keogh plans, also known as HR-10 plans, are retirement savings plans designed for self-employed individuals or small business owners. These plans have specific rules and regulations regarding eligible investments to ensure that the funds are prudently invested for retirement purposes.
Acceptable investments for Keogh plans typically include a range of traditional investment options such as stocks, bonds, mutual funds, certificates of deposit (CDs), real estate investment trusts (REITs), and certain types of annuities. The investments are generally expected to be readily valued and traded on established financial markets.
Rare oil paintings, on the other hand, are considered collectibles or tangible personal property. Collectibles, including artwork, antiques, gems, and other valuables, are generally not permitted investments in Keogh plans. The IRS restricts investments in collectibles to prevent the potential for self-dealing, valuation challenges, and potential conflicts of interest.
Therefore, among the options provided, the investment that is not an acceptable investment under a Keogh plan is D) Rare oil painting.
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Write any five methods of getting information of foreign employment and discuss any one of them.
Answers
Answer:
May it will help you
Explanation:
1) Notice board
2) Book of introduction
3) Institutions work working under the ministry of labour
4) Authority of human resources
5) Manifestos of training institutions
6)Web site
7) Newspapers
8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.
They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.
9)Radio and television
Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.
Who is Foreign employment?
Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.
Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.
Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television
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with respect to the question of when should the firm stop investing, which of the following describes the exact point of optimal investment? where the marginal benefit of the next investment is equal to the marginal costs of that investment where marginal profit of the next investment is greater than the marginal profit of the previous investment where marginal profit of the next investment is positive where the agency costs associated with investment is minimized where the risk associated with the next investment is minimized
Answers
The following which describes the exact point of the optimal investment is where the marginal benefit of the next investment is equal to the marginal costs of that investment option A.
The ideal balance of hazardous assets is independent of wealth, noncapital income, age, and consumer impatience, according to the best investing methods. Furthermore provided are the necessary and adequate conditions for long-term capital growth.
One of the three basic order types you'll see on the market are stop, market, and limit orders. A stop order is always carried out in the price's direction of movement. For instance, the stop order is intended to sell at a predetermined price below the going market price if the market is trending lower. If the price is going up, on the other hand, the stop order will be to purchase when the security reaches a predetermined price higher than the current market price.
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Complete question:
With respect to the question of when should the firm stop investing, which of the following describes the exact point of optimal investment?
where the marginal benefit of the next investment is equal to the marginal costs of that investment where marginal profit of the next investment is greater than the marginal profit of the previous investment where marginal profit of the next investment is positive where the agency costs associated with investment is minimized where the risk associated with the next investment is minimizedif a country is maintaining a healthy amount of growth, which of the following accurately describes the behavior of real GDP over time?
A) real GDP fluctuates but follows an upward-sloping trend line
B) real GDP does not fluctuate if growth is occuring
C) Real GDP fluctuates but follows a downward sloping trend line
D) real GDP fluctuates but follows a horizontal trend line
Answers
Answer:c
Explanation:
GDP measures the value of all the final products and services in terms of money. Option C) explains the behavior of GDP.
What is GDP?Gross domestic product (GDP) measures the value of all the final products and services in terms of money, produced by countries over a given time period usually a year.
The behavior of real GDP over time changes but follows a downward sloping trend line if a country is sustaining a healthy rate of growth.
Therefore option C) describe the behavior of GDP.
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What is the relationship between the data life cycle and the data analysis process.
Answers
Data transformation and verification are topics covered by the data life cycle; data analysis uses the knowledge discovered by the data.
The comparisons between the data life cycle and data analysis are shown in the list below: They both have a passion for data analysis. Both approaches are employed in data science. Both seek to draw inferences from the available facts. The stages that data goes through during its useful life are covered by the data life cycle; data analysis is the process of evaluating data.
The data life cycle is the process by which a particular piece of data travels from being created or recorded to being archived and/or removed at the end of its useful life. Data management experts often regard six or more stages as being a component of the data life cycle, however, specifics can vary.
Data analysis is the act of analyzing, filtering, modifying, and modeling data in order to identify pertinent information, come to conclusions, and support decision-making.
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Over the next decade, the job market for social workers in disability and rehabilitative services ______.
A) Will increase
B) Will decrease
C) Will remain stable
D) Will fluctuate
Answers
Over the next decade, the job market for social workers in disability and rehabilitative services will increase. The correct option is A.
The job market for social workers in disability and rehabilitative services is expected to increase over the next decade. There is an increasing demand for disability and rehabilitative services due to the aging population, advancements in medical treatments, and a greater recognition of the importance of supporting individuals with disabilities. This demand will require more social workers to provide these services. Governments and organizations are placing more emphasis on disability rights, inclusion, and support services.
Thus, the ideal selection is option A.
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pre-transaction elements of customer service include things such as establishing customer service policies, agreeing on a mission statement, and developing an organizational structure. True or false?
Answers
True: Pre-transaction elements of customer service include things such as establishing customer service policies, agreeing on a mission statement, and developing an organizational structure.
The pre-transaction elements of customer service involve laying the groundwork for providing excellent service to customers.
This includes establishing policies that guide interactions with customers, agreeing on a mission statement that outlines the organization's commitment to customer satisfaction, and developing an organizational structure that supports the delivery of high-quality service.
While these elements may not directly involve interactions with customers, they are crucial for ensuring that the organization is well-prepared to provide exceptional customer service when the time comes.
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Each year, White Mountain Enterprises (WME) prepares a reconciliation schedule that compares its income statement with its statement of cash flows on both the direct and indirect method bases.
In its 2018 income statement, WME reported $11,000 of interest expense on its outstanding bonds. During the year, WME paid its regular installments of $9,000 of interest in cash. In its reconciliation schedule, WME should:
A. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond premium.
B. Show a $2,000 negative adjustment to net income under the indirect method for the decrease in bond premium.
C. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond discount.
D. Show a $2,000 negative adjustment to net income under the indirect method for the decrease in bond discount.
Answers
Answer:
C. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond discount.
Explanation:
According to the scenario, computation of the given data are as follows,
Reported interest expense = $11,000
Interest expense paid = $9,000
So, Adjustment in net income = $11,000 - $9,000
= $2,000 (positive)
Here, The bond is issued at decreased discount when the interest cost exceeds the cash paid for interest expense and the effective interest rate exceeds the stated interest rate.
Hence, option C is the correct answer.
Now that you have studied monopolistic competition, let's see how well you can distinguish a firm in a monopolistically competitive market from a firm in a perfectly competitive market. Given the description of the firm below, decide whether it applies to monopolistic competition, perfect competition, or both. You may have to adjust the scroll bar to see the complete list.
Answers
To distinguish a firm in monopolistic competition from a firm in perfect competition, we need to look at the characteristics of both types of markets.
Perfect competition is a market structure where there are many firms producing homogenous goods, where there is perfect knowledge, and where there are no barriers to entry or exit. In perfect competition, no single firm has control over the market price and firms are price takers.
On the other hand, monopolistic competition is a market structure where there are many firms producing differentiated products, where there is some degree of control over the market price, and where there are low barriers to entry or exit. In monopolistic competition, firms are not price takers and can differentiate their products to some extent to gain market power.
Now, to determine whether a firm is in monopolistic competition, perfect competition, or both, we need to look at the characteristics of the firm. If the firm is producing a homogenous product, has no control over the market price, and faces strong competition, then it is most likely in perfect competition. If the firm is producing a differentiated product, has some control over the market price, and faces competition, then it is most likely in monopolistic competition.
In conclusion, to distinguish between a firm in monopolistic competition and perfect competition, we need to consider factors such as product differentiation, control over the market price, and barriers to entry or exit.
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During an extraction, why do you have to shake the solutions vigorously?
Answers
During an extraction, shaking the solutions vigorously is necessary in order to increase the contact between the two immiscible phases, typically a water phase and an organic phase.
By shaking, the two phases are mixed thoroughly, allowing the target compound to move from one phase to the other, making it easier to separate them. This is important because the efficiency of the extraction process depends on the degree of contact between the two phases, and shaking vigorously ensures that the compound of interest is evenly distributed and can be extracted effectively. Additionally, shaking helps to break down any emulsions that may have formed between the two phases, which can hinder the extraction process. Overall, shaking the solutions vigorously is a key step in an extraction procedure, and ensures that the target compound is efficiently extracted from the mixture
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True or False. Nadir’s excellent technical skills allow him to work well in cooperation with others to get things done.
Answers
The answer is true, Nadir’s excellent technical skills allow him to work well in cooperation with others to get things done is true.
In plain English, what is cooperation?A corporation is a legal body whose owner(s) elect a board of directors to manage the organization's affairs. Shareholders are not held accountable for the company's operations or financial state; rather, the corporation is.
What is cooperation, and what are examples?In order to obtain outcomes, or to help one another out in order to accomplish a shared objective, people must cooperate. When someone delivers you a brick and you put it down, that is an example of collaboration. Assistance that is given voluntarily by a person, group, etc.
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Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
Answers
Answer:
Option A
Explanation:
The complete question is
Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
a) 2 hours
b) 1 hour
c) 1 hour and 40 minutes
d) 90 minutes
Solution
There are four lanes.
Capacity of one lane is equal to 1,000 vehicles/lane/hour.
Let us say that each lane will provide access to equal number of vehicles
Thus, each lane will allow 10,000/4 = 2500 vehicles per hour
Time taken by 2500 vehicles on road to reach parking is equal to 2.5 hours.
The nearest answer to this option A i.e two hours
match each type of area with the correct level of housing prices?
URBAN
EXURBAN
SUBURBAN
LOW HOUSING PRICES
MEDIUM HOUSING PRICES
HIGH HOUSING PRICES
Answers
Answer and Explanation:
The matching of the area with the level of housing prices is as follows
Urban = High housing prices
As urban refers to that area in which there is a large population so of course the prices of the houses are high
Exurban = Low housing prices
The exurban is located in the rural areas in which there are less populations as compared to sub
Suburban = Medium housing prices
In this the population is more than the exurban
Question 2 of 40
What does the 'P' in the acronym PEST stand for?
A. Price
B. Political
C. Promotion
O D. Positive
SUBN
Answers
Answer:
The answer would be B. Political.
Explanation:
PEST Analysis (Political, Economic, Social, and Technological) is a management method whereby an organization can assess major external factors that influence its operation in order to become more competitive in the market. As described by the acronym, those four areas are central to this model.
The 'P' in the acronym PEST stands for political. The correct option is B. Political, Economic, Social, and Technological analysis is known as PEST analysis. This kind of analysis is used to evaluate outside variables that might affect a company's profitability.
What is political in PEST analysis?The threats and weaknesses used in a SWOT analysis are found using a PESTEL analysis. Political factors include government leadership, change, and policies related to foreign trade, as well as internal political issues and trends, tax policy, and trends in regulation and deregulation.
A measurement tool called PEST Analysis is used to evaluate markets for a specific product or industry over a specific period of time. Political, Economic, Social, and Technological (PEST) factors Organizations can make better business decisions after these factors are analyzed.
Thus, the ideal selection is option B.
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True or False: Airlines could not compete on price when transatlantic airfares were subject to price floors, and so they competed on the basis of in-flight meals. This is _____.
Answers
Answer:
true
Explanation:
it's my opinion pls Don't take it seriously
Expenses that need to be paid before a new business can open are called _____.
operating expenses
ending inventory
start-up costs
beginning inventory
Answers
Answer:
start-up costs
Explanation:
Hopefully that helps.
Answer:
Start Up Costs
Explanation:
Im taking a business major this is the right answer
bob is willing to sell his old car for $5,000. suzy is willing to pay $8,000 for bob's car. after negotiation, bob agrees to sell suzy his old car for $6,000. how much producer surplus does bob get?
Answers
Bob gets a producer surplus of $1,000 ($6,000 - $5,000).Producer surplus is the difference between the price at which a producer is willing to sell a good and the price at which the good is actually sold.
In this case, Bob is the producer and the good is his old car. Bob was initially willing to sell his car for $5,000, but he ended up selling it for $6,000, so his producer surplus is: $6,000 - $5,000 = $1,000.Therefore, Bob's producer surplus from the sale of his old car is $1,000. after negotiation, bob agrees to sell Suzy his old car for $6,000.
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How do the instances when expansionary fiscal policy should be used compare with those for contractionary fiscal policy? (1 point)
Expansionary fiscal policy should be used to increase government revenue and contractionary fiscal policy should be
used to increase consumer spending.
Expansionary fiscal policy should be used to combat high inflation and contractionary fiscal policy should be used to
increase government revenue.
Expansionary fiscal policy should be used during recessions to help build the economy and contractionary fiscal
policy should be used when there is high inflation.
Expansionary fiscal policy should be used to decrease the unemployment rate and contractionary fiscal policy should
be used when economic growth is too fast.
Answers
The right option is that Expansionary fiscal policy should be used during recessions to help build the economy and contractionary fiscal policy should be used when there is high inflation.
How is expansionary fiscal policy compare to contractionary fiscal policy?Contractionary fiscal policy is known to be a policy that applies when the government taxes are said to be more than what they spends.
The Expansionary fiscal policy is known to be when the spending of the government is said to be more than the government taxes.
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