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Aliun [14]
2 years ago
13

Natasha, nelson, and nikolai are all looking to buy flashlights for a camping trip. natasha is willing to pay $4, nelson is will

ing to pay $10, and nikolai is willing to pay $20. if the actual price of a flashlight turns out to be $15, what is the total consumer surplus for these three shoppers?
Business
1 answer:
d1i1m1o1n [39]2 years ago
4 0

Consumer surplus is the difference between the total amount a consumer is willing to pay for an item and what they actually pay. The total amount that Natasha, Nelson and Nikolai are willing to pay for the flashlight is $34, the amount they do pay is $20. So, the total consumer surplus for them is $14.

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In the six Ms model of marketing communications, strategic intent refers to: mission and money. market and media. message and ma
Travka [436]

Answer:

Mission and Market.

Explanation:

Strategic intent describes what organization wants to attain with the help of its communication mix, where it wants to reach with the help of applying all the tools of the communication mix. Putting it simply, where the firm actually wants  to land. It gives any organization the main basis for their planning process and inspiration to go ahead in the business. Firms try to achieve a strategic fit and synchronization between its internal resources and abilities and eternal opportunities posed by the outside macro-environment. Its gives a bigger picture to the firm that what they should convey to the target market in their overall marketing communications.

3 0
1 year ago
Macinski Leasing Company leases a new machine to Sharrer Corporation. The machine has a cost of $70,000 and fair value of $95,00
Montano1993 [528]

The nature of the lease arrangement is that of a finance lease. the following journal entries will be passed in the books of accounts:

<u>Explanation:</u>

a. This is because Sharrer Corporation (the lesse) will assume the risks of normal ownership. Maintenance is also not provided by the lessor.

Mike Macinski should, thus, use direct financing lease method. Lease receivable will be $95,000 and interest will be recognized annually.

b. Present value interest factor of annuity for 9% and 3 years = 2.531 (from PVIFA tables)

Annual payment will be = 95,000 by 2.531 = $37,534.57

Interest will be calculated on the opening balance of principal, at the rate of 9%. Thus, interest for the 1st year will be = 95,000 into 0.09 = $8550.

Principal paud during the year = total amount paid - interest amount. closing principal amount = opening principal - principal amount paid.

Period  Cash due  Interest  Principal              Balance

0                                                          95,000.00

1  37,534.57  8,550.00  28,984.57         66,015.43

2  37,534.57  5,941.39           31,593.18           34,422.25

3  37,534.57  3,112.33          34,422.25            0.00

c. <u>Entry for the signing of the lease agreement: </u>

Fixed assets account (Dr) 95,000

Lease Payable account (Cr) 95,000

Entry on 31st December 2014:

Lease payable account (Dr) 28984.57

Interest account (Dr) 8550

Cash (Cr) 37534.57

<u> Entry on 31st december 2015</u>:

Lease payable account (Dr) 31593.18

Interest account (Dr) 5941.39

Cash (Cr) 37534.57

<u> Entry on 31st december 2016: </u>

Lease payable account (Dr) 34422.25

Interest account (Dr) 3112.33

Cash (Cr) 37534.57

5 0
2 years ago
Harness​ International, a global wiring harness​ company, allows each customer to access its engineering drawings on the​ compan
Vika [28.1K]
C. an resource I think.. sorry if it's wrong
6 0
1 year ago
Ethan put $4000 in a 2-year CD paying 5% interest, compounded monthly. After 2 years, he withdrew all his money. What was the am
svp [43]

Answer:

The total amount was $4419.76

Explanation:

The 5% of $4000 is $200 so after a 2 year period added to the amount the original deposit of $4000 then A is the correct and closest equal amount.

7 0
1 year ago
Read 2 more answers
Match each of the following scenarios with the accounting principle or accounting assumption that it best illustrates.a. Several
Orlov [11]

Answer:

Key S - Scenario

      A - Accounting Principle or Assumption

S

Several years after Thomas Company purchased new office equipment, the company’s accounting records still show the original purchase price.

A

Historical cost principle

S

The home of Rob Elliot, the owner of GGE Enterprises Inc., is not listed among the company’s assets.

A

Business entity assumption

S

Despite several years of falling sales, Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses.

A

Going concern assumption

S

Thomas records expenses incurred to produce the sales for the month.

A

Expense recognition principle

S

GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer’s payment is recorded.

A

Revenue recognition principle

S

Thomas Company provides earnings information to investors at the end of every quarter.

A

Time period assumption

S

The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by a German firm.

A

Monetary unit assumption

Explanation:

5 0
1 year ago
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