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1 year ago

You skip the doughnut at the quick market, and buy fruit instead. The fruit is $2.00. The store charges you $2.08.

1 answer:

7 0

Unless the question is incomplete, then there is tax on the fruit which is where the other 8 cents is coming from. There is tax on some food items, but not all, so there could be a surcharge of some short that the quick market charges.

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Becky had net sales (all on account) in 2020 of $8,000,000. At December 31, 2020, before adjusting entries, the balances in sele

DerKrebs [107]

Answer:

$970,000

Explanation:

3 0

2 years ago

On January 1, Year 1, Pacific Corporation acquired 75% of Sand Corporation's 200,000 outstanding common shares for $2,850,000. O

Allisa [31]

Answer:

$112,500

Explanation:

The good will to be reported in the balance sheet of the Pacific Corporation as at December 31 shall be determined using the following mentioned method:

Cost to acquire share of the Pacific Corporation $2,850,000

Less:Net Assets Acquired of Sand Corporation

Sand Net Assets $3,000,000

Excess value of land $200,000

Excess value of equipment $150,000

Fair value of non-compete $300,000

$3,650,000 ($3,650,000)

Add:Net Assets portion of the Non controlling interest $912,500

($3,650,000*25%)

Good will $112,500

3 0

2 years ago

Gillette now markets its Body line of razors, blades, and shaving gels for "manscaping," the art of shaving body hair in areas b

Varvara68 [4.7K]

The correct answer for the question is option"b", changing the value offered to the customers.

Explanation:

Gillete's strategy is to increase the utility of the product to the customers by making it usable for a variety of purposes. By making the products "manscaped" the products can be used for removing the hair below the neck line. Thus, the company is trying to offer better value to the customers. the value addition is in the form of improved utility for a variety of purposes. Customers will gain better value for the price they are paying for the product.

7 0

2 years ago

Scenario 9-1 For a small country called Boxland, the equation of the domestic demand curve for cardboard is Q D = 200 − 2P , whe

Ksenya-84 [330]

Answer: a. benefits Boxlandian consumers by $672 and harms Boxlandian producers by $598.50.

Explanation:

Equilibrium price will be at level where quantity demanded equals quantity supplied.

200 − 2P = -60 + 3P

200+60 = 5P

5P = 260

P = $52

Equilibrium Quantity Demanded = 200 − 2P = 200 - 2 * 52 = 96 units

In a no-trade situation the demand in Boxland is 96 units at a price of $52. If they were to buy at the world price of $45, they would benefit;

= (96 * 52) - (96 * 45)

= 4,992‬ - 4,320‬

= $672

Producers however would produce the following at a price of $45;

Q S = -60 + 3P

= -60 + 3(45)

= 75 units

They would be supplying less units and be hurt.

7 0

1 year ago

You have $55,000 in a savings account that pays 2% interest per year. The inflation rate that year is 3.24%. To calculate simple

Len [333]

Answer:

How much do you make in interest in a year?

$ 1100

How much would you need to have made for your spending power to keep up with inflation in that year?

$ 1782

How much buying power did you lose in that year because of inflation?

$ 682

Explanation:

Your interest formula is given to you.

Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)

Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100

How much would you need to have made for your spending power to keep with inflation? Your interest rate would have needed to match the inflation rate, otherwise prices are going up faster than you're saving.

Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782

How much buying power did you lose? The difference between your required interest and your actual interest.

Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power.

Hope that helped :)

6 0

1 year ago