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Snowcat [4.5K]
2 years ago
14

The meal plan at university A lets students eat as much as they like for a fixed fee of $500 per semester. The average student t

here eats 250 pounds of food per semester. University B charges $500 for a book of meal tickets that entitles the student to eat 250 pounds of food per semester. If the student eats more than 250 pounds, he or she pays $2 for each additional pound; if the student eats less, he or she gets a $2 per pound refund. If students are rational, at which university will average food consumption be higher? Explain briefly. (LO3)
Business
1 answer:
Ksenya-84 [330]2 years ago
3 0

Answer:

The average consumption is higher in University A. than in University B

Explanation:

Marginal cost is known as the cost borne when an extra unit of output is being produced. Sunk cost is the cost once incurred cannot be recovered

The marginal cost at university A is $0 because they dont have to pay anything over and above $500. This $500 is the sunk cost for students at university A. The marginal cost at university B is $2 because they can consume only 250 pounds of food making them careful about the quantity of food they eat.

Sunk cost is not considered while making a decision, so the marginal cost of University A is $0 and that in University B is $2.

Therefore, we are concluding that the average consumption is higher in University A.

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Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children who live with her (all are u
Kipish [7]

Answer:

a. $58,000

b. $6,752

c. $9,000

Explanation:

a. The computation of taxable income is shown below:-

Taxable income = Salary - Short term capital loss + Cash Prize - Greater of Standard or itemized deduction for year 2018 (assumed)

= $80,000 - $2,000 + $4,000 - $24,000

= $58,000

b. The computation of tax liability is shown below:-

Tax liability (Surviving spouse) = ($1,940) + ($58,000 - $19,400) × 12%

=  $1,940 + $38,600 × 12%

= $1,940 + $4,632

= $6,572

c. The calculation of Charlotte's child and dependent tax credit is given below:-

= ($2,000 × 4) + ($500 × 2)

= $8,000 + $1,000

= $9,000

6 0
2 years ago
Nate Pride spent five years in an accounting educational program and successfully completed a rigorous accounting examination fi
const2013 [10]

Answer:

Chartered Accountant or Certified public accountant.

Explanation:

Chartered accountant is a designation or degree provided to the Accounting professional across the world except in United states, they have another equivalent designation of Certified public accountant. This designation required knowledge on accounting, tax, auditing, etc. They need to qualify in a rigorous accounting examination. As a professional their responsibility is to create financial statement, filling or helping company to file or calculate tax and providing financial advice.

3 0
2 years ago
At its height, what percentage of american workers were employed in an automotive-related industry?
USPshnik [31]
The percentage of American workers that were classified as employed in the industry that is automotive-related is only 20%. There were only 2 out 10 Americans who are working on this job. Automotive jobs cover auto dealerships, and manufacturing plants.
7 0
2 years ago
Read 2 more answers
Which statement below best captures the overall point and focus of the New York Times article, Document 3?
Artemon [7]

Answer:

Correct Answer:

C) The news story marks the historical event of the first black man being called up to play in the major leagues and expresses some concern over how Robinson will be treated by his major league peers.

Explanation:

<em>Option C ıs the best statement which captures the overall point and focus of the given New York Times article, Document 3.</em>

6 0
2 years ago
Ethan's job as an accounting assistant was recently modified to include reconciling bank accounts and making deposits, two tasks
jek_recluse [69]

Answer:

The correct option is C,job enrichment

Explanation:

Job enlargement refers adding additional tasks to an employee's job description and it is done for different reasons. The chief possible motive for job enlargement could be prepare the employee for a higher role.

Satisficing on the job involves ensuring one is able to attend to tasks one is saddled with in order to achieve a balance between different stakeholders' expectations instead of prioritizing one's stakeholder's need over another.

Job enrichment is a way of encouraging employees to give out their best output by assigning to them jobs previously reserved for more senior employees

Job design implies making decision on a job description by considering tasks that could be combined and performed by a single employee

Job development is about appraising an employee with a view to discovering his growth needs on the job and make adequate arrangement in terms of training to enable the employee to bridge the skills gap

The bone contention here is between options A and C,but C is preferred since the additional tasks are tasks previously meant for one's managers.

7 0
2 years ago
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