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    PART I (12 marks) Q1. Illustrate a housing rental market of a hypothetical city MQ with an effective rent ceiling using a diagram of supply and demand. Label consumer surplus, producer surplus, search

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    PART I (12 marks) Q1. Illustrate a housing rental market of a hypothetical city MQ with an effective rent ceiling using a diagram of supply and demand. Label consumer surplus, producer surplus, search cost and deadweight loss. (4 mark) Q2. Using a separate diagram, show the impact of population growth on the housing rental market in MQ. Show the change in the black market price. Show the change in the quantity traded in the market. (2 mark) Q3. Given population growth from Q2, explain the changes in consumer surplus, producer surplus, search cost and deadweight loss resulting from this...

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    PART I (12 marks)

    Q1. Illustrate a housing rental market of a hypothetical city MQ with an effective rent ceiling using a diagram of supply and demand. Label consumer surplus, producer surplus, search cost and deadweight loss. (4 mark)

    Solution 1: The below diagram depicts impact of effective rent ceiling on supply and demand of a housing rental of a hypothetical city MQ:

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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