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ArbitrLikvidat [17]
1 year ago
5

An Asian-American family whose relatives emigrated four generations ago has three children. The oldest son, George, is in medica

l school. Susan, at the age of 21, is a concert pianist. Brent is a second-year business student. This family is likely to exhibit which of the following Asian American buying patterns?
assimilated, exhibiting buying patterns very much like other typical American consumers
Business
1 answer:
Arisa [49]1 year ago
5 0

Answer:

The correct answer is letter "B": assimilated, exhibiting buying patterns very much like other typical American consumers.

Explanation:

The Asian family described in the example is at its fourth generation after emigrating to the U.S. The possibilities of having assimilated the American culture are greater in such a scenario. English has possibly turned into the primary language of the family.  

Asian Americans are typically business-oriented and outstanding in academic life. In this case, the household children are engaged in medical and business schools and one of them is into music.

Thus, <em>after all those facts, that particular Asian American family is likely to have buying patterns as any other American family.</em>

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Swiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of
salantis [7]

Answer:

B. 9.0 times.

Explanation:

Accounts Receivable Turnover (ART) = Net credit sales/ Average accounts receivable

Net credit sales = <em>$7,200,000</em>

Average accounts receivable  = (beginning AR - ending AR) /2

Average Accounts receivable = ($820,000 + $780,000)/2

Average AR = <em>$800,000</em>

Therefore Accounts receivable turnover = $7,200,000/800,000 = 9.0 times

4 0
2 years ago
On August 4, Armstrong Trucking, Inc., paid $4,500 to replace the engine in one of its trucks. Complete the necessary journal en
kolbaska11 [484]

Answer:

Explanation:

The journal entry is shown below:

Truck A/c Dr $4,500

        To Cash A/c  $4,500

(Being the truck is replaced for cash)

Since the truck is replaced so we debited the truck account and credited the cash account so that the correct posting can be done.

The replacement cost increase its useful life which is capitalized so we also debited the truck account

7 0
2 years ago
Poornima is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence:
mixer [17]

Answer: C. Many decisions are made on the margin

Explanation:

One vital economic principle that is made by economic agents is that when making rational decisions, it involves thinking at the margin.

For one to take a particular action, one has to consider the benefits and costs that are involved and then see if the benefits outweigh the costs before the final decision is made.

Since her pool sessions are helping her swim more quickly, Poornima plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool.

This means the extra time allocated to swimming is beneficial and the basic principle of individual choice that Maria illustrate is that many decisions are made on the margin.

4 0
1 year ago
Who creates the demand for coffee shops? Who creates the demand for coffee shop employees?
katen-ka-za [31]
Us people create the demand for the shops if there are no coffee shops around we create demand for it but also if there are too many shops and not enough people the shops create a demand for new employees
3 0
1 year ago
Read 2 more answers
Suppose that you buy a new car, and you purchase it with a bag of gold coins minted in a foreign country. Which of the following
aleksley [76]

Answer:

D. The gold coins are a commodity money because even though they were issued by a foreign government, the gold has intrinsic value

Explanation:

Commodity money is money that has intrinsic value. Its value can be derived from the material from which it is made. E.g. gold, salt, silver

Fiat money is money that has no intrinsic value but the government establishes it as money.

I hope my answer helps you

5 0
2 years ago
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