Which of these people is likely to run into problems when using a credit card? A. Sheila, who often indulges in impulse buying . B. Kaitlin, who doesn't have a good credit history C. Max, who wants to buy important things even when he doesn't have cash

When there is a sudden decrease in income throughout the economy, it will affect the demand for goods and services. If extra-long twin mattresses are an inferior good, it means that as income decreases, the demand for these mattresses will increase. The correct answer is: inferior; left; fall.

This will cause the demand curve to shift to the left, leading to a fall in the equilibrium price and quantity. This is because when the demand curve shifts to the left, it indicates a decrease in demand, which will cause a decrease in the price and quantity of the good in the market. Therefore, the correct answer is "inferior; left; fall."

For such more question on economy:

brainly.com/question/28210218

#SPJ11

Answer:

The answer is:

Asset will be overstated

Net income will be overstated

Explanation:

Because of the incorrect capitalization(the process of converting or adding to a firm's asset):

1. Assets are overstated. Assets that shouldn't are added to the entire assets are added. So it's increasing the company's asset whereas it's not.

2. Net income are overstated. Because depreciation too will have to be charged for the asset that wasn't there, therefore, net asset will be overstated.

Answer:

First city was= $ x = $ 5604

Second city was =$(x +1000) = $6604

Explanation:

The tax in the first city was 8.5%

The tax in the second city was 5.5%

Let the hotel charge amount before tax for the first city be $x

Let the hotel charge amount before tax for the second city be: $(x+1000)

Applying the tax

First city will be;

8.5/100*(x) = $0.085 x

Second city will be;

5.5/100* (x+100) =0.055(x+100) = $ (0.055x+5.5)

Total hotel tax paid for the two cities was ;

0.085 x + 0.055 x + 5.5 = $(0.14 x + 5.5)

This expression for total hotel tax paid for the two cities is equal to $790

$(0.14 x + 5.5) = $ 790

0.14 x = 790 -5.5

0.14 x = 784.5

x= 784.5/0.14

x=5603.57

x= $5604 ( nearest $)

Before tax, hotel charge for;

First city was= $ x = $ 5604

Second city was =$(x +1000) = $6604

The group paid $ 5250 at first city and $ 6250 at second city

Solution:Let x = the charge in 1st city before taxesLet y = the charge in 2nd city before taxesThe hotel charge before tax in the  second city was $1000 higher than in the firstThen the charge at the second hotel before tax will be x + 1000y = x + 1000 ----- eqn 1The tax in the first city was 8.5% and the  tax in the second city was 5.5%The total hotel tax paid for the two cities was $790Therefore, a equation is framed as:8.5 % of x + 5.5 % of y = 7900.085x + 0.055y = 790 ------- eqn 2Let us solve eqn 1 and eqn 2Substitute eqn 1 in eqn 20.085x + 0.055(x + 1000) = 7900.085x + 0.055x + 55 = 7900.14x = 790 - 550.14x = 735x = 5250Substitute x = 5250 in eqn 1y = 5250 + 1000y = 6250Thus the group paid $ 5250 at first city and $ 6250 at second city

Answer: There are about 36,899 McDonald's restaurants all over the world, where more than 375,000 people are employed, as of the end of 2016. These restaurants can be found in more than 120 countries on Earth, and they serve roughly 68 million customers each day, which makes them one of the most used chains of restaurants ever.