The Owner, Withdrawal account is used to record ___ (investments/withdrawals/expenses/revenues) by the owner and has a ___ (positive/negative) impact on equity.
A. Blank 1: withdrawals Blank 2: negative
B. Blank 1: increase Blank 2: equity
C. Blank 1: increase Blank 2: right
D. Blank 1: assets Blank 2: expense
Answers
The correct answer is A. Blank 1: withdrawals Blank 2: negative. He Owner, Withdrawal account is used to record withdrawals Blank(investments/withdrawals/expenses/revenues) by the owner and has a negative.
When the owner Withdrawal account from the business for personal use or any other non-business-related expenses, it is recorded as a withdrawal. This decreases the amount of equity or ownership interest the owner has in the business.
Since withdrawals represent a reduction in the owner's investment in the business, they have a negative impact on equity. Equity represents the residual interest in the assets of the business after deducting liabilities, and withdrawals decrease this equity. Therefore, the Owner, Withdrawal account has a negative impact on equity as it reflects the reduction of the owner's investment in the business.
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Related Questions
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Heidi is attending an interview for the position of a childcare teacher. Which considerations should she keep in mind when she dresses for the interview?
Heidi should ensure that she wears business casual clothing because she may be asked to interact with the children. She should also ensure she is wearing a lot of jewelry to attract children. Heidi should ensure that her nails are short, because she might have to play with children. She should also ensure that her shoes are not clean, because she might get them dirty while playing with the children.
Answers
She needs to get her nails cut before the interview and should dress in business casual.
What qualifications do childcare teachers need?They use daily activities and lessons to educate toddlers and young children. Students in small groups will also receive additional support from a daycare teacher. A daycare teacher will also assist students who require more one-on-one time to learn lessons. In a daycare or preschool, a child care teacher works with younger kids. They have to watch over children and get them ready for kindergarten with a set schedule of play, rest, and activities. Taking care of their fundamental needs is one of these duties. Patience, sensitivity, and organisation are necessary traits. Usually, the work is done full-time.
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True or False: Organizations often add enticements such as relocation assistance and career development programs to attract better applicants. This is the only benefit to having these programs.
Answers
The given statement "Organizations often add enticements such as relocation assistance and career development programs to attract better applicants." is True organizations often add enticements such as relocation assistance and career development programs to attract better applicants.
These programs not only attract better applicants, but they also provide additional benefits to both the employees and the organization. For instance, career development programs help employees improve their skills and knowledge, leading to increased job satisfaction and retention rates.
Furthermore, such programs foster a positive work environment, resulting in higher employee engagement and productivity. Meanwhile, relocation assistance eases the burden of moving for new employees, allowing them to focus on their new role and adapt to the organization more quickly.
In summary, while these programs do attract better applicants, they also provide numerous other benefits, such as employee skill enhancement, increased job satisfaction, and improved productivity, which ultimately contribute to the overall success of the organization.
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Please help:(
Do you think that federal regulations are beneficial or should the financial sector be left to its own devices with little to no government interference? Why? Stated another way, w
aspects of financial regulations do you think are beneficial to individuals and the country? Or what are the possible downsides of too much regulation?
Answers
The economy, businesses, and consumers all depend on a healthy financial system.
Why is it important to regulate the financial sector?The economy, businesses, and consumers all depend on a healthy financial system. The safety and soundness of the financial system and the protection of customers are both ensured in part by financial regulation. Regulations guard against financial fraud for consumers. Mortgages, credit cards, and other financial items that are immoral are among these. Monopolies cannot take control and consolidate their power because of laws like the Sherman Anti-Trust Act. While this is true, the advantages are linked to three aspects of improved financial stability: a lower likelihood of future crises, lower projected losses, and lower societal expenses. One of the top advantages of government regulation is safeguarding citizens against subpar goods, services, or company practices.To learn more about financial sector refer to:
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Write a letter to your friend telling him/her about your health condition?
Answers
Answer:
Explanation:
Dear Y,
How are you? I hope you are well. I received your letter two days ago. But I could not answer in time because of my illness.
On last Saturday I went to school as usual. When I was returning home, it started rain. As I was in the way, there was no place to take shelter. As a result I got drenched. Soon after reaching home, I started coughing. I caught acute cold fever by night. Since then, I have been suffering from fever. Father took me to a doctor. But the doctor said that it would take at least 5 days to get cured. So, I am in bed now.
No more today. Take care of you and don’t move while it’s raining. Please pay a visit to our house if possible. Waiting for your reply.
Your loving friend
X
Money serves as a store of value when: Multiple Choice it is a means of holding wealth. there is direct trade of goods and services. it is a basic measure of economic value. it is used to purchase goods and services.
Answers
Answer:
The answer is A.
Explanation:
One of the functions of money is to serve as a store of value(the rest is as a medium of exchange, store of value, unit of account)
Money can be stored as deposit in banks(the money saved in banks), bonds, golds, stocks etc. Money are stored in these as they can easily be converted to cash. What the money is being stored as must be easily be converted to cash.
how to work out opening balance?
Answers
Answer:
...
Explanation:
Answer:
Opening Balance (what you have in bank at the start) plus Total Income (what money comes in) minus Total Expenses (what money goes out) equals Closing Balance (what money you have left). The Opening Balance is the amount of cash at the beginning of the month (1st day of month).
Which multimedia and interactive elements do you think would best support your viewpoint on the topic you chose for your blog? Write two to four sentences explaining what multimedia and interactivity you will use and why.
Answers
Answer:
I will use images and details from credible websites, which will boost my own credibility and support my claim. I will also use charts and graphs from trusted web resources, such as government and university sites, to make my supporting evidence clear
Explanation:
I took the test
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The Use of videos, audios, and images in the blog will not only make it attractive but also make it credible.
Best Way to Write BlogTo write a credible and attractive blog we need to use multimedia such as videos, images, link of credible websites. We can also use other elements which can autocorrect grammer mistakes, can easily provide best charts and graphs.
The use of these elements can give a better outlook to our blog, and also create a sense of trust and credible information.
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The demand for skilled workers in the United States has been increasing. To increase the supply of skilled workers, many argue that immigration reform to allow more skilled labor into the United States is needed. Explain whether you agree or disagree.
Answers
Answer:
I disagree
Explanation:
I disagree. There are many unemployed individuals in the United States already. There is no need to look towards other countries for skilled workers. Instead I believe that there should be more outreach training programs to teach these unemployed individuals. This would decrease the unemployment rate and fill the demand for skilled workers. If the skills required are college based skills, then I think the best course of action is making Universities free. Other countries such as Argentina have done so and output a large supply of highly skilled individuals because of it.
What four financial statements are contained in most annual reports?
Answers
The four financial statements contained in most annual reports are the income statement, balance sheet, statement of cash flows, and statement of stockholders' equity.
In most annual reports, you will find four main financial statements:
income statement: Also known as the profit and loss statement, the income statement shows a company's revenues, expenses, and net income or loss over a specific period. It provides information about a company's ability to generate profit.balance sheet: The balance sheet presents a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It shows what a company owns, owes, and the residual value for shareholders.statement of cash flows: This statement provides information about a company's cash inflows and outflows from operating, investing, and financing activities. It helps assess a company's liquidity and cash flow management.statement of stockholders' equity: This statement shows changes in a company's equity accounts, including common stock, retained earnings, and additional paid-in capital. It reflects the changes in ownership interests over time.Learn more:About financial statements here:
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The four financial statements contained in most annual reports are Income Statement, Balance Sheet, Statement of Cash Flows, and Statement of Changes in Equity.
The four financial statements that are typically contained in most annual reports are:
1) Income Statement: This statement provides information about the company's revenues, expenses, gains, and losses over a specific period, usually a fiscal year. It shows the company's net income or net loss.
2) Balance Sheet: The balance sheet presents a snapshot of the company's financial position at a specific point in time, usually at the end of the fiscal year. It shows the company's assets.
3) Statement of Cash Flows: This statement provides information about the cash inflows and outflows of the company during the fiscal year. It categorizes cash flows into three main activities: operating activities, investing activities, and financing activities.
4) Statement of Changes in Equity: This statement shows the changes in the company's equity accounts during the fiscal year. It includes details on changes in common stock, preferred stock, retained earnings, and other components of shareholders' equity.
These four financial statements collectively provide comprehensive information about a company's financial performance, financial position, cash flow, and changes in equity, allowing stakeholders to assess its overall financial health.
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during which phase of the engagement does the internal auditor identify the objectives and related controls of the activity being examined?
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The phase of an internal audit engagement during which the internal auditor identifies the objectives and related controls of the activity being examined is the planning phase.
During the planning phase, the internal auditor develops an understanding of the activity being examined and assesses the risks associated with that activity. This information is then used to plan the audit, including the audit objectives, scope, and approach, and to develop the audit program. The planning phase is a critical component of the audit process, as it sets the foundation for the entire engagement and helps ensure that the audit is focused, efficient, and effective.
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kaitlin creates an irrevocable trust and funds it with $10 million in assets, including cash and stocks. the trust is authorized to accumulate income and to make distributions to the american red cross. what type of trust is this?
Answers
This is a complex trust as it is an irrevocable trust that can accumulate income and make charitable distributions.
How does irrevocable trust work?An irrevocable trust cannot be changed or modified without the consent of the beneficiaries. Essentially, an irrevocable trust removes certain assets from the grantor's taxable estate and those property events are transferred to the trust. A grantor may opt for this structure to relieve assets in the trust of tax liability along with other financial benefits.
Who controls the irrevocable trust?In an irrevocable trust, legal title to the trust is retained by the trustee. At the same time, the grantor waives certain rights in the trust. Once an irrevocable trust is established, the grantor cannot control or modify the assets transferred to the trust without the consent of the beneficiaries. These assets include business, real estate, financial assets, or life insurance.
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Forward contracts and futures contracts can be used for hedging. Sometimes it’s more appropriate to use a forward contract instead of a futures contract. There are times when it’s appropriate to use a futures contract instead of a forward contract.
You are the director of hedging for Acme Candy Firm, Inc. Your firm purchases sugar and cocoa for the candy products your firm produces.
1. What are three reasons to use futures contracts instead of forwards to hedge commodities?
2. Explain why the above three reasons are an added value to use futures instead of forwards.
Answers
Three reasons to use futures contracts instead of forwards to hedge commodities are liquidity, standardization, and counterparty risk.
1. Liquidity: Futures contracts are traded on exchanges and have a high level of liquidity. This means that there are many buyers and sellers actively participating in the market, allowing for easy entry and exit positions. The high liquidity ensures that there is always a market for the contract, reducing the risk of not being able to find a counterparty when hedging. In contrast, forwards are customized agreements between two parties, making them less liquid and potentially more challenging to sell or unwind.
2. Standardization: Futures contracts have standardized terms and conditions, including contract size, delivery dates, and quality specifications. This standardization ensures that all market participants are trading the same contract, facilitating price discovery and creating a transparent and efficient market. It also allows for easy comparison and benchmarking of prices. On the other hand, forwards are individually negotiated contracts, which can lead to differences in terms and make it more difficult to compare prices or hedge consistently.
3. Counterparty risk: Futures contracts are typically traded on exchanges, which act as intermediaries and guarantee the performance of the contracts. This means that the exchange becomes the counterparty to every trade, reducing the risk of default by the other party. In contrast, forward contracts involve direct agreements between two parties, exposing each party to the credit risk of the other. With futures contracts, the risk of counterparty default is mitigated, providing added security in hedging positions.
These three reasons make futures contracts a preferred choice for hedging commodities as they offer higher liquidity, standardization, and reduced counterparty risk compared to forwards. The availability of a liquid market, standardized terms, and the assurance of a central counterparty contribute to the efficiency and effectiveness of hedging strategies using futures contracts.
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hich practices are regulated by federal laws, in terms of a salesperson's ability to telephone potential customers?
Answers
The broad and permanent rules that the executive departments and agencies of the federal government publish in the Federal Register are codified in the Code of Federal Regulations (CFR).
The 50 titles indicate the major categories covered by federal regulation. The government controls company operations in five key areas: advertising, labour, the influence on the environment, privacy, and health and safety. A Federal Regulations is a list of requirements made by a federal government departments to implement a piece of legislation that Congress has approved. For instance, the Federal Reserve Board has produced regulations over the years to aid in the implementation of statutes like the Dodd-Frank Act.
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The money supply term that includes readily available cash, checking and savings accounts, individual money market funds, and Certificates of Deposit is ______.
Answers
The money supply term that includes readily available cash, checking and savings accounts, individual money market funds, and Certificates of Deposit is called "M2".
M2 is a broader measure of the money supply that includes
M1 (currency, demand deposits, and traveler's checks), as well as certain types of savings accounts, money market funds, and time deposits such as Certificates of Deposit (CDs).
It represents the total amount of money available for spending and saving in the economy.
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Property rights are important to a free enterprise system because they:
A. Allow businesses to freely take ideas from competing companies.
B. Protect businesses' freedom to buy and sell products.
C. Encourage businesses to keep prices as low as possible
D. Place regulations on businesses that make dangerous products.
Answers
Protect businesses' freedom to buy and sell products
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if the government determines whether you get an apartment, you are most likely living in a [1] economy. In a [2] society, the government controls the resources. In a [3] society, the community in theory is supposed to control the resources, but in reality, the [4] does.
[1]- a. command
b. market
c. traditional
[2]- a. capitalist
b. communist
c. socialist
[3]- a. capitalist
b. communist
c. socialist
[4]- a. government
b. individual
c. market
Answers
Answer:
1. a. Command
2. c. Socialist
3. b. Communist
4. a. Government
Explanation:
"If the government determines whether you get an apartment, you are most likely living in a Command economy. In a Socialist economy, the government controls the resources. In a Communist society, the community, in theory, is supposed to control the resources, but in reality, the Government does."
1. A command economy is a type of economy where the government determines what is produced when it is produced, the quantity, as well as the price at which commodities are produced. The government also determines other activities in the economy such as the assignment of living spaces as well as the investments in the economy.
2. A socialist economy is an economy where goods are produced for consumption and are distributed to ensure equity by a centrally placed authority, which is the government.
3. A communist society according to Karl Marx is a classless society where all the resources belong to the entire community and properties are not owned by private individuals. In reality, though, the government actually controls the resources in this type of society. China is a country that practices communism.
Where do teenagers get all the money they need to make purchases? I noticed several new stores had opened up at the local mall. Most of these new stores focused on teenage and young consumers. Yesterday I went shopping.
This paragraph lacks
a.
Proper conventions
c.
Good word choice
b.
Organization
d.
Voice
Answers
Answer:
b good word choice
Explanation:
good word choice
Answer:
Organization
Explanation:
:)
i just need a short answer (1-2 sentences) for this question
Answers
Explanation:
Retailing can be defined as the buying and selling of goods and services. Product, Price, Place and Promotion are the basic necessities of a proper retail business/company.
HELP
How does Prewitt plan to expand her business?
A
She wants to offer different lengths of time for the service.
B
She wants to hire her little brother to help her plan.
C
She wants to make boxes focused on college and gender.
D
She wants to take business classes while in college.
Answers
Answer:
I believe its B
Explanation:
Business-to-business marketing refers to Multiple Choice the marketing of products to not-for-profit organizations at a reduced fee or nominal cost for use in the creation of goods and services that they can produce and market to others. the marketing of an idea to create interest or generate goodwill, not just for an individual brand but also for an entire industry or product class. the marketing of goods to companies, governments, or ultimate consumers for use in the creation of goods and services. the marketing of products and services to companies, governments, or not-for-profit organizations for use in the creation of products that they can produce and market to others. the marketing of services in the area of intellectual property such as legal, financial, or creative consulting.
Answers
Answer:
the marketing of goods and services to companies, governments, not-for-profit organizations for use in the creation of goods and services that they can produce and market to others
Explanation:
The business to business marketing defines the good and services marketing for the companies, government, and not for profit organization in order to develop the goods and services that could be generated and marketed to others
So as per the given situation, the above answer should be considered and relevant
Hence, the other options seems incorrect
Why is it necessary to regularly adjust a businesses marketing plan? O The more the competition adjusts to match a marketing plan's approach, the easier it is to execute the marketing plan's strategies. O The more successful the plan is the longer a business can take to adjust to the market. O The more successful the plan is, the more it requires significant revision.
Answers
The more the competition adjusts to match a marketing plan's approach, the easier it is to execute the marketing plan's strategies is it necessary to regularly adjust a businesses marketing plan.
What does "marketing plan" mean?
A marketing plan outlines the advertising tactics that a company will use to promote and advertise its goods and services. The target market, the most effective way to contact them, the price point at which the good or service should be marketed, and the method by which the business will evaluate its performance will all be determined by the marketing strategy.
Why do marketing plans exist?
Establishing your target market and explaining how your good or service might benefit it can be done with the use of a marketing plan. choose the best methods for luring new clients. To keep using your product or service, nudge your current customers.
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Carol throws away all of her bank statements without shredding them. What type of fraud is she most at risk of encountering? • A. Account freezing • B. Dumpster diving O c. skimming O D. Phishing
Answers
Dumpster diving type of fraud is the most at risk of encountering. Thus option B is correct.
What is a bank statement?A bank statement is a formal summary of economic transactions made for each savings account that a person or organization has with a financial institution within a certain time period.
Dumpster diving is the practice of searching through big commercial, home, industry, and building containers for usable objects that have been left behind by their owners but are still present.
Statements will assist them in learning the specifics without needing to be destroyed. Therefore, option B is the correct option.
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Linearity from the LINE assumptions is seen in the residual plots by the dots hovering about the horizontal "0" line. True False
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There is not any kind of horizontal line in such a case. Thus, the statement is false.
A residual is a measurement of the vertical distance between a point and the regression line. It is just the discrepancy between an actual value observed and a value that was projected.
A linear regression model's primary presumption is that the errors are independent and normally distributed. A good residual plot has a high density of points near the origin and a low density of points farther from the origin, among other qualities. They are also asymmetrical with respect to the origin.
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If the long-run market supply curve for a perfectly competitive market is upward sloping, then this industry exhibits _____ costs. increasing decreasing constant an absence of marginal
Answers
When a perfectly competitive market has a long-run market supply curve that is upward sloping, then that market has increasing costs.
A market supply curve that is upward sloping means that:
Costs increase as production quantity increases Suppliers will produce more if prices rise as wellIn such a market, suppliers face increasing costs as they produce more which is why they will demand higher prices in order to produce more so that they can cover their costs.
In conclusion, such a market will have increasing costs.
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Compared to other methods of calculating depreciation, how does the declining balance method affect net income in the first year?.
Answers
The declining stability approach have an effect on internet earnings within side the first year : It normally consequences within side the lowest internet earnings.
The required details for Net earnings in given paragraph
Net earnings refers to the cash you could have to be had after taxes and deductions are taken from your paycheck. For a commercial enterprise, internet earnings is the cash it's left over after paying running fees, administrative costs, value of products offered, taxes, coverage and some other commercial enterprise fees. In commercial enterprise and accounting, internet earnings is an entity's earnings minus value of products offered, fees, depreciation and amortization ,interest, and taxes for an accounting period.
It is computed because the residual of all sales and profits much less all fees and losses for the period, and has additionally been described because the internet growth in shareholders' equity that consequences from a company's operations. It is one of a kind from gross earnings, which most effective deducts the value of products offered from revenue.
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Two characteristics of an autocratic and democratic leadership style
Answers
Answer:
• You have a highly structured working environment.
• You dictate all the working methods and processes.
Explanation:
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8. As treasurer of Sigma Corp. (a U.S. exporter to Australia), you must decide how to hedge (if at all) future receivables of 250,000 Australian dollars 90 days from now. Put options are available for a premium of $.03 per unit and an exercise price of $.70 per Australian dollar. The forecasted spot rate of the A$ in 90 days follows:
With the probability of 30%, future spot rate is $0.74
With the probability of 50%, future spot rate is $0.69
With the probability of 20%, future spot rate is $0.65
Given that you hedge your position with options, create a probability distribution for U.S. dollars to be received in 90 days.
Answers
A put option is an option to sell a particular quantity of an asset at a specified price on or before a specified date. When an investor believes that the price of an asset will drop, he or she will use a put option to protect against a decrease in value.
In Sigma Corp.'s case, they must decide how to hedge their future receivables of 250,000 Australian dollars 90 days from now. A premium of $.03 per unit is charged for put options, which have an exercise price of $.70 per Australian dollar. Sigma Corp.'s treasurer must determine whether to utilize a put option to hedge their future receivables. Using the provided data, Sigma Corp.'s treasurer should calculate the probabilities of each possible spot rate, taking into account the spot rates and their probabilities. They can then use these probabilities to create a probability distribution for the US dollars to be received in 90 days. It's important to note that the treasurer should consider all possibilities and create a distribution table. The probability distribution for US dollars can be calculated using the following formula:
Probability distribution for US dollars = Spot rate x Probability
For example, for the first probability of 30%, the calculation is as follows:
Probability distribution for US dollars = $0.74 x 0.30 = $0.222
For the probability of 50%, the calculation is as follows:
Probability distribution for US dollars = $0.69 x 0.50 = $0.345
For the probability of 20%, the calculation is as follows:
Probability distribution for US dollars = $0.65 x 0.20 = $0.13
The sum of these probabilities gives us a distribution of $0.697, which is the expected return on investment for Sigma Corp.'s future receivables. The treasurer can hedge this amount using the put options and the calculated distribution of US dollars.
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a consumer must divide $600 between the consumption of product x and product y. the relevant market prices are px = $10 and py = $40.a. Write the equation for the consumer’s budget line.
b. Illustrate the consumer’s opportunity set in a carefully labelled diagram.
c. Show how the consumer’s opportunity set changes when the price of good X increases to 20. How does this change alter the market rate of substitution between goods X and Y?
Answers
The consumer's budget line can be represented by the equation:
10x + 40y = 600
where x is the quantity of product x consumed, and y is the quantity of product y consumed. This equation represents all the possible combinations of x and y that can be purchased with a total expenditure of $600, given the prices of the two products.
When the price of good X increases to $20, the consumer's budget line will change as follows:
Original budget line: $600 = $10X + $40Y
New budget line: $600 = $20X + $40Y
Graphically, this change can be represented as a parallel shift of the budget line to the left.
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The ratio of the price of two goods on a graphed budget line is measured by its:.
Answers
There are lines in budget. The ratio of the price of two goods on a graphed budget line is measured by the slope of the budget.
What is a budget lineThis is regarded as a two-dimensional graph that shows the various choices one have between two goods given the money one have to spend. It is also known as budget constraint.
The ratio of the price of good X that is found on the horizontal axis to the price of good Y on the vertical axis is known as the slope of the budget.
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Match the examples with the types of goods. To match them, click the example, and then click the type of good.
Match the examples with the types of goods.
To match them, click the example, and then click the type of good.
Omar buys a snack bag of chips that he noticed while waiting in line at the store.
Unsought good
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in an accident or burglary.
Convenience impulse good
Jamie goes to the store to buy toothpaste.
Convenience staple good
Wanda reads reviews of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item.
Shopping good
Adriana only buys doughnuts from her favorite local doughnut shop.
Specialty good
Answers
Answer:
1. Convenience impulse good
2. Unsought good
3. Convenience staple good
4. Shopping good
5. Specialty good.
Explanation:
1. Omar buys a snack bag of chips that he noticed while waiting in line at the store: Convenience impulse good.
A convenience impulse good can be defined as goods (products) that an individual purchases without planning to buy them or having prior intention to do so. Therefore, convenience goods are easily available and often purchased by impulse.2. Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in an accident or burglary: Unsought good.
Unsought goods can be defined as goods or services that an individual do not think of buying or isn't aware of but purchases due to a fear of danger (damage).3. Jamie goes to the store to buy toothpaste: Convenience staple good.
A convenience staple good can be defined as goods (products) that an individual consumes on a regular basis and as such are purchased more often.4. Wanda reads reviews of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item: Shopping good.
Shopping goods can be defined as goods (products) that an individual purchases after doing due diligence by comparing its style, quality and price in other stores.5. Adriana only buys doughnuts from her favorite local doughnut shop: Specialty good.
Specialty goods refers to consumer goods that an individual considers to be exclusive and unique, for which he or she would go any length and perhaps, do anything to get them due to the strong preference.