Answer:
The correct answer is letter "E": A price war.
Explanation:
A price war is a situation in which competitors undercut prices to offer their products at a lower level than their rivals so they can attract more consumers. Manufacturers find ways to cut their costs so they can stay profitable under these circumstances. If they are unable to do that, the company will end up with losses.
C business mileage during the year to claim the standard mileage rate for the business
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Answer:
Your boss is guilty of Fundamental attribution error (C)
Explanation:
Fundamental attribution error is our tendency to explain someones behaviour based on internal factors such as personality while underestimating the effect external factors have such as situational influences.
Answer:
Golden Braid Bookstore has $340,000 in cash
Explanation:
Quick ratio=current assets-inventory/current liabilities
Based on the information provided in this question,the quick ratio can be modified(no inventory,cash and accounts receivables are the only current assets)
quick ratio=accounts receivables+cash/current liabilities
quick ratio is 4.75/1
accounts receivables is $40,000
cash is unknown,taken as C
current liabilities is $80,000
4.75=$40,000+C/$80,000
By cross multiplication
4.75*$80,000=$40,000+C
C=(4.75*$80,000)-$40,000
C=$380,000-$40,000
C=$340,000
