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dem82 [27]
2 years ago
13

Which individual is acting most like a consumer

Business
1 answer:
victus00 [196]2 years ago
8 0

Answer:

a person who hires a mechanic to fix their car

Explanation:

In business, consumers refer to the group of people who purchase either goods or services from another people,

Let's examine the options one by one

- a person whose job is selling goods at a market

Clearly the seller. This person does not purchase the goods. He/She sells it.

- a person who hires a mechanic to fix their car

<u>This person is qualified as a consumer. He/she purchase a service from another person (the mechanic)</u>

- a person eats a meal from vegetables grown in their garden

This person is qualified as a producer since he/she produce the vegetables, not purchasing it from other people

- a person sells their old television to a friend

Sam reason as the first option

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Peterson Company estimates that overhead costs for the next year will be $6,520,000 for indirect labor and $550,000 for factory
Hunter-Best [27]

Answer:

b. $50.50 per machine hour.

Explanation:

Overhead costs are defined as the amount that is spent by a business that is not directly contributing to the product. For example overhead can be labour cost, rent, utilities, and insurance.

These do not contribute directly to the product. Direct cost such as are materials contribute directly to the product.

In the case the overhead costs are given as $6,520,000 for indirect labor and $550,000 for factory utilities.

Total overhead= 6,520,000 + 550,000

Total overhead= $7,070,000

Overhead Cost per hour= Total overhead ÷ Total machine hours

Overhead cost per hour= 7,070,000 ÷ 140,000= $50.50

4 0
2 years ago
Read 2 more answers
In addition to the new designer, Burberry also stepped up its involvement in social media, relationships with style magazines an
AlekseyPX

Letter D is correct! Increasing customer retention and reducing customer churn.

Relationship marketing is a set of actions that a company uses to strengthen its relationship with the customer, in order to retain and retain them. The addition of Burberry has increased its involvement in social media with the goal of staying closer to its customers and offering benefits such as collaboration with a famous actress. This strategy strengthens the customer-brand relationship by translating the brand's interest in meeting its customer's needs and wants and thus strengthening brand recognition in the marketplace.

7 0
2 years ago
Phil Frugal has been saving his pennies since he was 5 years old. He is now 45 and deposits his savings in a bank. His pennies t
marusya05 [52]

To calculate the values of reserves, required reserves, and excess reserves, while assuming a required reserve ratio of 10%, we have the required reserves to be $500.

This is because based on the assumed reserve ratio and the knowledge of the banking system, the required reserves is calculated as below.

Required Reserves: $5,000 × 0.10= $500.

Also, the calculated amount for the excess is: $4,500.

Where Required Excess: $5,000 - $500 = $4,500

The Reserves: $5,000.

Hence, in this case, it is concluded that the Required is $500, while the Excess is $4,500 and the Reserves is $5,000.

Learn more here: brainly.com/question/12988722

4 0
1 year ago
Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing
Softa [21]

Answer:

$14,016 favorable

Explanation:

The computation of the raw materials price variance is shown below:

= Actual Quantity × (Standard Price - Actual Price)

= 23,360 liters × ($5.40 - $4.80)

= 23,360 liters × $0.6

= $14,016 favorable

We simply deduct the actual price from the standard price and then multiplied it by the actual quantity so that actual value can come

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2 years ago
Relatives gave timothy $15, $50, $25, and $18 for his birthday. what is the mean amount of money relatives gave timothy for his
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I think that the mean amount of money is $27

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