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Savatey [412]
2 years ago
10

Gretchen is a writer who works from her home. Gretchen lives next door to Randall, the trumpet player for a local band. Randall

needs lots of practice to earn his share of the band’s profit, which will amount to $350. Gretchen gets distracted by Randall’s trumpet playing but she needs to get her writing done to earn $570 for her current article. If Randall owns the right to play his music and Gretchen needs to hire a lawyer to help her reach an agreement with Randall, then what price is Gretchen willing to pay the lawyer? a. less than $350 b. less than $920 c. less than $220 d. less than $570
Business
2 answers:
svet-max [94.6K]2 years ago
7 0

Answer:

A) less than $350

Explanation:

In economics, the Coarse Theorem for conflict resolutions argues that both parties should negotiate an economically optimal solution regardless of the original property rights.

In this case, Randall earns $350 for playing the trumpet, while Gretchen earns $570 for writing an article. Since both things are incompatible, Gretchen must find a way to convince Randall to stop playing the trumpet, either by paying him at least $350 (which equals his economic benefit of playing the trumpet) or by hiring a lawyer that costs her less than $350.

If hiring the lawyer costs more than $350, then Gretchen should just pay Randall.

Sergio039 [100]2 years ago
3 0

Answer:

a. less than $350

Explanation:

Since Randall needs lots of practice to earn his share of the band’s profit, which will amount to $350.

Gretchen gets distracted by Randall’s trumpet playing but she needs to get her writing done to earn $570 for her current article.

If Randall owns the right to play his music and Gretchen needs to hire a lawyer to help her reach an agreement with Randall, then the price that Gretchen is willing to pay the lawyer will be less than $350

<u>The reason for the price being less than $350 is based on the simple logic that Gretchen could as well pay Randall his share of the band’s profit, which will amount to $350, for him to stop disturbing her while she writes, than to pay a lawyer that amount and still spend extra time engaging the lawyer.</u>

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Answer:Flour should be acquired through a contract.

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When purchasing of flour is achieved through a contact, it makes the contact a responsible person who will be needed to guarantee the supply of flour on time and to Communicate with the manager of DonutVille should there be any matters arising in the process getting supplies.

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2 years ago
The bank statement reported an ending balance of $43,860 after deducting $660 in service charges and an addition of $13,500 for
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Answer:

Question 1

B. $41,910

Question 2

C. Debit to interest receivable for $90

Explanation:

Question 1

Calculation for the adjusted cash balance

Using this formula

Adjusted cash balance = Cash balance per books +Deposits in transit - Outstanding checks

Let plug in the formula

Adjusted cash balance= $43,860+$16,800-$18,750

Adjusted cash balance= $41,910

Therefore Adjusted cash balance is $41,910

Question 2

Based on the information given The Appropriate journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:

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7 0
2 years ago
Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received
marin [14]

Answer:

$11,560

$5666.661

Explanation:

Given the following :

Bill received from accountant = $17,000

This year's marginal tax rate = 32%

Next year's marginal tax rate = 37%

After tax return on investment = 11%

After tax cost of bill is paid in December :

Billed amount * this year's tax rate

$17,000 * ( 1 - 0.32)

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PV factor (1 years, 11%) = 0.9009

Hence,

$17,000 * 0.37 * 0.9009 = $5666.661

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2 years ago
________ reject most traditional advertising and use multiple sources—traditional media, the Internet, product-rating magazines,
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Answer:

Proactive consumers

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Proactive consumers refers a group of consumers who are an intrinsic part of the creative process of developing a product. They are the active consumers. They are not a part of the passive consumers where industry dumps consumer goods.

Proactive consumers are part of the production and marketing process of a product. They make research on how a product can be improved on.

Proactive consumers reject most traditional advertising and use multiple sources—traditional media, the Internet, product-rating magazines, recommendations from friends in-the-know—to not only research a product, but to negotiate price and other benefits.

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Answer:

A.Leadership styles and behaviours

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7 0
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