Answer:
a. the total price of the items.
Explanation:
In compensatory decision making consumer does not consider the price of the item. The Consumer evaluates the characteristics of the item. Consumer compares the good and bad characteristics of the item. He/She compensates for the price and bad characteristics of the product in Compensatory decision making.
Whereas in non-compensatory decision making the price of the product is considered.
When Irene wants to buy new laptops for her marketing executives and she has to pick them up from a single brand that is preinstalled with the marketing software that her company needs, she's making a decision under a condition of
Answer:
i do not know
Explanation:
Book sales on the Internet (in billions of dollars) in year x are approximated by f(x) = 1.84 +2.1. In x, where x = 0 corresponds to 2000. How much will be spent on Internet book sales in 2008? Round to the nearest tenth.
a. 6.2 billion
b. 8.0 billion
c. 3.9 billion
d. 6.7 billion
Answer: 6.2 billion
Explanation:
f(x) = 1.84 +2.1 In x
where
x = 0 corresponds to 2000.
In 2008, x will be = 8
Therefore,
f(x) = 1.84 +2.1 Inx will be:
f(x) = 1.84 +2.1 In8
= 1.84 + 4.366
= 6.206
= 6.2 billion
. If for competitive reasons, Washburn eventually must move all its production back to Asia, (a) which specific costs might be lowered and (b) what additional fixed and variable costs might it expect to incur
Answer:
This is a really long question, and most of it is missing. But after reading all the question, Washburn Guitars can actually save a considerable amount of money if they move to China or some other Asian countries.
a) The largest savings will result from lower rent and taxes, and labor expenses (less time required per unit).
b) The costs that might increase are management and quality control costs. Working in different countries will always result in higher administrative costs, and at least at the beginning the company should pay special attention to quality.
Two machines, A and B, which perform the same functions, have the following costs and lives. Type PV Costs Life Machine A $6,000 5 yr Machine B $8,000 7 yr Which machine would you choose
Answer:
Machine A
Explanation:
See attachment for tabulation
Harvey is a self-employed accountant with earned income from the business of $120,000 (after the deduction for one-half of his self-employment tax). He uses a defined contribution Keogh plan. What is the maximum amount Harvey can contribute to his retirement plan in 202
Answer:
$24,000
Explanation:
It is mentioned in the question that, Harley who is a self employed accountant has an income from his business of 1,20,000 dollar, which is after the one half deduction of his self employment tax.
He uses a Keogh contribution plan.
Now, due to reducing of the earned income that is base by a one-half of his self-employment tax and by the contribution itself, the permissible 25% contribution is reduced to an effective of 20% contribution rate.
So, 20% of $120,000 or $53,000 whichever is LESS
20% of $120,000 = $24,000
Hence, the maximum amount Harvey contributes to his retirement plan is $24,000.
n the purchase of a new computer monitor, which of the following is an example of a user? Multiple Choice a supply manager who helps write specifications a secretary whose computer monitor is being replaced an IT manager who supplies information for evaluating alternatives a purchasing manager who arranges the terms of the sale a receptionist who controls the flow of information
Answer:
A secretary whose computer monitor is been replaced.
Explanation:
As it been discussed in the scenario above, a secretary is mostly the frequent user to a monitor as the case may be as it allows in focusing of the eye in an exceedingly proper and cozy manner, not having to place up with a rather fuzzy image while typing or a movie/game that appears as if the most character features a shadowy ghost following them. an honest monitor should allow you to work out what you're doing without having to strain your eyes or tilt your head to urge to the simplest viewing angle.
Wildhorse Ski Shop signs a three-month note payable to help finance increases in inventory for the winter ski season. The note is signed on October 1, 2022 in the amount of $25200 with annual interest of 9%. What is the adjusting entry to be made on December 31, 2022 for the interest expense accrued to that date, assuming that no entries have been made previously to accrue interest?
Answer:
December 31, 2022, accrued interest expense
Dr Interest expense 567
Cr Interest payable 567
Explanation:
Interest expense = $25,200 x 9% x 3/12 = $567
Generally when we calculate interest expense we use a 360 day year, so we assume that every month has exactly 30 days. Only when we are told to calculate based on a 365 day year, we need to count every single day and then divide by 365.
what factors do you think led to the rise of this additional source of income for composers and musicians
Answer: See explanation
Explanation:
The factors that led to the rise of this additional source of income for composers and musicians were due to the fact that music began to be widely accepted and the publicity also helped.
In the classical era, it should be noted that the kings supported musicians as music was played at palace and were also part of rituals. Musicians were called to different ceremonies and were rewarded handsomely for their music.
It was then widely accepted among the people in the society. The number of musicians increased as well and they became popular, made more money and also became popular.
.
Jepson uses the periodic inventory system and the gross method of accounting for purchases. The journal entry that Jepson will make on September 12 is:
Answer and Explanation:
The journal entry is shown below:
Purchases $6,000
To Account payable $6,000
(Being purchases on the account is recorded)
Here we debited the purchase as it increase the inventory while on the other hand the account payable is credited as it also increased the liability
So the above entry should be recorded
Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, and the book value was $1,500,000. The noncontrolling interest shares of Float Corp. are not actively traded. 5) What is the total amount of goodwill recognized at the date of acquisition? A) $0. B) $150,000. C) $170,000. D) $120,000. E) $250,000.
Answer: $150,000
Explanation:
The total amount of goodwill that'll be recognized at the date of acquisition will be calculated as follows:
First, we need to calculate the goodwill of controlling interest. This will be:
= $1600000 - ($1850000 × 80%)
= $1600000 - ($1850000 × 0.8)
= $1600000 - $1,480,000
= $120000
Then, we calculate the total amount of goodwill that'll be recognized at the date of acquisition which will be the goodwill of controlling interest divides by the percentage of ownership. This will be:
=$120000/80%
= $120000/0.8
= $150,000
what is the change in total profit of cleaning the fifth driveway if the price Mr. Plow can charge is $10 per driveway
Answer:
Explanation:-1
Suppose that the average time before breakdown is normally distributed with a mean of 2.5 weeks and a standard deviation of .4 weeks. If breakdowns cost an average of $1,200 and preventive maintenance costs $800, what is the optimal maintenance interval
Answer:
2.67 weeks
Explanation:
Optimal maintenance is the discipline within operations research concerned with maintaining a system in a manner that maximizes profit or minimizes cost.
DATA
Preventive Cost = 1200
Breakdown cost = 800
Ratio = Preventive cost / breakdown cost
Ratio = 1200 / 800
Ratio = 0.67
Z value for 0.67 = 0.44
Optimal maintenance interval = Mean time + Z(Standard deviation)
Optimal maintenance interval = 2.5 + 0.44(0.4)
Optimal maintenance interval = 2.5 + 0.176
Optimal maintenance interval = 2.67 weeks
1. In the 1990’s, Enterprise Rent-A-Car was a highly-profitable and fast-growing market leader concerned about protecting their place in the market. Based on your knowledge of the rental car market, would you conclude that Enterprise was operating in a Red Ocean or Blue Ocean competitive environment? Frame your answer in the context of at least three of the descriptors used in the Red Ocean / Blue Ocean model (and discussed in class).
Answer:
Enterprise Rent-A-Car was definitely operating in a Red Ocean enviroment.
Explanation:
This is because Red Ocean enviroments are characterized by stiff competition, market saturation, and innovation lagging, and the European market for Rental cars was already saturated in the 1990s.
This is why, despite being a market leader, the firm was anyway very worried about keeping its position, and spent a great deal of resources in doing so. In a Blue Ocean Strategy, the situation would be much more relaxed simply because the market would have far less competition (even none), and large tracts of the market would still be untapped.
Sally’s Hair Salon purchases hair dye and records the dye as an asset. As they are used, they are expensed. This is an example of:
Answer:
Matching
Explanation:
The scenario mentioned in the question is based on the accounting principle of Matching which requires that the asset (which is recorded at the time of its purchases) to be distributed and matched over the time of its useful life in order to balance the cost over a period (in the form of expenses). This recording of the asset as an expenses when it is used is known as depreciation.
A customer comes into the store to return a gallon of milk. She says she bought it earlier today, but the due date on the gallon expired yesterday. She asks to exchange it for another gallon of milk, but your manager is not in the store right now. What do you do? A Ask the customer to bring the milk back tomorrow when your manager will be in the store. B Apologize for the expired milk and offer to replace it. C Apologize, let her know that you can't accept the milk once it has expired, but the milk should still be good for a few more days. D Provide her with a new gallon of milk, but let her know that she needs to check the dates on the milk the next time she makes a purchase.
Answer:
B Apologize for the expired milk and offer to replace it.
Explanation:
Option B is the only reasonable action in this case in order to preserve customer loyalty. However, the store should be able to identify expired products before customers are allowed to buy them. Keeping products that are nearing their expiration date in store shows some lack of reasonable care. It also questions the stocking system of the store. For goods that have expiration dates, it is better to ensure that they are sold on the first-in, first-out basis.
This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, the company awarded Ed a gold watch worth $355 and a $2,970 cash bonus. What amount must Ed include in his gross income
Answer:
Follows are the solution to this question:
Explanation:
The gross profits would include the award won by the employee as a $2,970 cash bonus. $355 gold watch won't be provided Registered in the employee's gross salary.
Assuming that diminishing marginal utility applies to both goods, if a consumer buys more plastic bins and fewer door hooks, the _____ utility of plastic bins will _____, and the _____ utility of door hooks will_______
a. marginal; fall; marginal; fall
b. marginal; rise; total; rise
c. marginal; fall; marginal; rise
d. total; fall; marginal; rise
Answer:
C. marginal; fall; marginal; rise
Assuming that diminishing marginal utility applies to both goods, if a consumer buys more plastic bins and fewer door hooks, the MARGINAL utility of plastic bins will FALL (DECREASE), and the MARGINAL utility of door hooks will RISE (INCREASE).
Explanation:
According to the law of diminishing marginal utility, the more goods or services that you acquire from a certain product X, the utility of consuming that extra unit of good X will be smaller every time. I.e. the more you consume of good X, the less utility you will obtain from consuming it. E.g. you might enjoy a slice of pizza, but if you keep eating, the utility of having the fifth slice will be much lower than the utility from consuming the first one.
Your phone stopped working and you use your phone for calls, texting and checking emails. You went to the store to buy a cheap phone that just serves your needs but ended up buying a $1500 top of the line phone that does way more than what you need and also is very stylish. What need did the new phone satisfy
Answer:
Psychological needs
Explanation:
Since in the question it is mentioned that suddenly your phone stop working and you use the mobile for various reasons so you went to the store for purchase a cheap mobile that serves your needs so here the psychological needs would be considered as it is likely additional fulfilling needs i.e. luxury or expensive items
Therefore the same is to be considered
Sunshine Inc. reported net credit sales of $360,000 for the current year. The unadjusted credit balance in its Allowance for Doubtful Accounts is $650. The company has experienced bad debt losses of 1% of credit sales in prior periods. Using the percentage of credit sales method, what amount should the company record as an estimate of Bad Debt Expense
Answer: $3,600
Explanation:
Bad Debt expense using the percentage of sales method is the percentage of net sales that is usually lost to bad debts and that percentage in this case is 1%.
Bad debt expense will therefore be;
= Net credit sales * Bad debt percentage
= 360,000 * 1%
= $3,600
Discuss the customer’s role as a productive resource for the firm. Describe a time when you played this role. What did you do and how did you feel? Did the firm help you to perform your role effectively? How?
Answer:
A. Customers play important productive roles especially in the creation and delivery of some repeatable services. The roles a customer plays "as a productive resource for the firm" include:
1. The customers act as some partial employees in enhancing the productivity of the firm.
2. The customers contribute to the organization by supplying their valuable time, effort, ideas, and other resources.
3. Without customers playing productive roles, some services cannot be provided to them. Sometimes, the customers actively serve themselves. A typical example is at restaurants and other self-service firms.
4. Customers suggest valuable solutions to resolve some product and service problems.
B. At shopping malls, and even calling for the services of a plumber or electrician,the customer serves in many ways. She pushes the trolley around to pick the goods she requires and afterward, pushes them to the cashier for payment. She helps the plumber or electrician with repair materials or make suggestions on how to solve repair problems.
C. The customer sometimes feel that the plumber or electrician would mess up the repairs without their thoughtful input.
D. Some firms help the customer to perform this role as "a productive resource" when they provide serviceable trolleys for shopping or when they send in some respectful and competent repair people, who dress decently without oozing some offending odor.
Explanation:
It is only some discourteous firms that do not recognize that their customers play an important role as a productive resource. For some service organizations, their services cannot be consummated without the active participation of the customer. It is, therefore, imperative that firms help their customers to perform this role effectively and efficiently.
g The type of corporation that generally has the highest number of shareholders is the Group of answer choices nonprofit corporation. professional corporation. public corporation. publicly held corporation.
Answer:
publicly held corporation.
Explanation:
The publicly held corporation refer to those corporations that is listed on the stock exchange markets also the majority of the stock owned would be taken by dispersed population and for majority stakes there is no individual
Therefore the type of corporation that has the highest number of shareholders is a publicly held corporation and the same is to be considered
George purchased a life annuity for $2,000 that will provide him $50 monthly payments for as long as he lives. Based on IRS tables, George's life expectancy is 100 months. How much of the first $50 payment will George include in his gross income
Answer:
The amount included in his gross income is $30
Explanation:
The computation of the amount included in his gross income is shown below:
The Amount to be involved in gross income is
= First amount - (purchase value of a life annuity ÷ expectancy life)
= $50 - ($2,000 ÷ 100)
= $50 - $20
= $30
Hence, the amount included in his gross income is $30
We simply applied the above formula so that the correct amount could come
Lion Corp. has a $4,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 20 years to maturity. The yield to maturity on this bond is 2.1 percent. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
$5.626.25
Explanation:
The price of the Bond is its Present Value (PV) and this is calculated by using a Financial calculator as follows :
FV = $4,000
PMT = ($4,000 × 4.6%) ÷ 2 = $92.00
N = 20 × 2 = 40
P/YR = 2
I = 2.10 %
PV = ?
Thus, the dollar price of the bond is $5.626.25.
Last year your company compiled employee satisfaction results using employee retention data. This year, they will use the scores from employee surveys. Which problem will you face when analyzing the data
Answer:
The are hard or not possible to compare since you are not looking at the same data.
You will face recency issues or recency bias when analysing the data.
The recency bias happens when we remember the last ideas, arguments or items more clearly than other things that were said first or happened first.
Employee retention simply has to do with a firms ability to retain its workers. Employee retention is important because of the following reasons:
It creates opportunities for workers to growIt gives job fulfillmentIt gives room for more experienced workersImproves culture of the firmCuts costs and it raises benefits.When analyzing the data, You would be better able to retain data from more recent surveys compared to older ones.
Read more about employee retention here https://brainly.com/question/17113078?referrer=searchResults
Read more about recency bias here https://brainly.com/question/4452339?referrer=searchResults.
If the prices of A, B, and C are $7, $5, and $3, respectively, and the consumer has $75 to spend on these three products, what combination of the three products should be purchased in order to maximize utility
Answer:
some information is missing, so I looked for similar questions and found the attached image:
A B C
cost MU per $ cost MU per $ cost MU per $
$7 11 $5 12 $3 12
$7 10 $5 10 $3 11
$7 8 $5 9 $3 9
$7 7 $5 8 $3 6
$7 5 $5 5 $3 5
$7 4 $5 4 $3 4
$7 1 $5 3 $3 3
We must calculate the cumulative MU per $ per product:
A B C
cost C. MU/$ cost C. MU/$ cost C. MU/$
$7 11 $5 12 $3 12
$7 21 $5 22 $3 23
$7 29 $5 31 $3 32
$7 36 $5 39 $3 38
$7 41 $5 43 $3 43
$7 45 $5 47 $3 47
$7 46 $5 50 $3 50
The consumer should purchase 4 units of A (and spend $28) in order to receive 253 utils, he/she should purchase 5 units of B (and spend $25) in order to receive 220 utils, and finally should purchase 7 units of C (and spend $21) in order to receive 150 utils.
Total expenditure = $74 and total utils received = 623. Average utils per dollar = 8.42.
Amber is interested in investing her money in a mutual fund that invests in short-term debt securities issued by governments and large corporations. She also wants to be able to write checks and reinvest interest income from her investments. Which institution would Amber most likely choose for her investments
Question Completion:
Options to choose from:
a brokerage firm
a money market bank account
a money market fund
an insurance company
a pension fund
Answer:
Amber will likely choose for her investments:
a money market fund
Explanation:
For example, Amber can invest in the Vanguard Treasury Money Market or the Fidelity Money Market. These are money market funds or mutual funds that invest in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries).
Amber should choose for her investment is a money market fund.
The information regarding the money market fund is as follows:
It should be invested in highly liquid. It involved the cash, cash equivalent having short-term maturity period. It is like the mutual funds that are issued by the government and the large corporations.Therefore we can conclude that Amber should choose for her investment is a money market fund.
Learn more: brainly.com/question/16115373
You bought a STRIP at 96 dollars with maturity of 3 years. Calculate the yield to maturity of this STRIP _______% (keep two decimal points)
Answer: 0.0136
Explanation:
The following information can be gotten from the question:
Current price = $96
Par Value = $100
Time to Maturity = 3 years
Semiannual Period = 3 × 2 = 6
The yield to maturity of this STRIP will be calculated as:
Let the semiannually yield to maturity be represented by y.
96 = 100/(1 + y)^6
Cross multiply
96(1+y)^6 = 100
Divide both side by 96
(1+y)^6 = 100/96
(1+y)^6 = 1.0417
1 + y^6 = 1.0417
y^6 = 1.0417 - 1
y^6 = 0.0417
y = 0.0068
Therefore, the semiannual YTM = 0.0068
Annual YTM will now be:
= 2 × Semiannual YTM
= 2 × 0.068
Annual YTM = 0.0136
A family-owned used bookstore across the street from a major university campus wants to identify the various segments in its market. What approaches might the store owner use to segment this market
Answer: Market segmentation
Explanation:
Here, the owner has segmented the customers on the basis of the existing and potential ones into sub-groups. This grouping and segmentation can help the owner to identify the customers better. This can help in understanding the shared characteristics and choices of customers better. This can further help in making profit on selling of books.
You receive an email from a firm proposing the following business deal. The firm will send you $1,000 now, and in exchange you will send it $1,100 in one year. You will just break-even if the annual interest rate is _____%.
Answer: 10%
Explanation:
If the annual interest rate is 10%, you will breakeven because you would have made just enough to send the firm the $1,100 that you are required to send in a year.
= 1,000 * ( 1 + 10%)
= $1,100
Suppose an economy has a real interest rate of 3% and an inflation rate of 5%. What's the exact nominal interest rate, and what's the approximate value of it
Answer:
Nominal interest rate= 0.08 = 8%
Explanation:
Giving the following information:
Real interest rate= 3%
Inflation rate= 5%
To calculate the nominal interest rate, we need to use the following formula:
Real interest rate= nominal interest rate - inflation rate
Nominal interest rate= real interest rate + inflation rate
Nominal interest rate= 0.03 + 0.05
Nominal interest rate= 0.08 = 8%