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Ostrovityanka [42]
2 years ago
15

An advertisement in the local paper offers a "fully loaded" car that is only six months old and has only been driven 5,000 miles

at a price that is 20 percent lower than the average selling price of a brand new car with the same options. Use precise economic terminology to explain whether this discount most likely reflects a "fantastic deal" or something else.
Business
1 answer:
Ilia_Sergeevich [38]2 years ago
4 0

The discount represents most possibly a "Fantastic deal" .

<u>Explanation: </u>

In the given advertisement the car is sold at a price that is 20 percent lower than the average selling price of a brand new car with the same options such as it is "fully loaded", 6 months old and had been driven 5,000 miles.

This is said to be a conditional phrase initiated by the seller, and it is acceptable as the offer seems to be an excellent deal or a fantastic deal for any person who is willing to buy a second-hand car in a good condition i.e, selling a car as in ('as is' refers to selling the car with all the known and unknown issues)

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An economy has full-employment output of 5000. Government purchases are 1000. Desired consumption and desired investment are giv
V125BC [204]

Answer:

a. real interest rate is 0.217 or 21.7%.

b. saving = 134 , investment is 332 ,  consumption is 3666.

Explanation:

a) Y = Cd + Id + Gd

Where Y= output

Cd= consumption

Id= Investment purchases

Gd=Government purchases

Y= (3600 - 2000r + 0.10Y) + (1200 - 4000r) + 1000

Y=5800-6000r+0.10Y

0.9Y=5800-6000r

At full employment Y=5000

Putting the value of Y in the above equation

0.9*5000=5800-6000r

5800-4500=6000r

r=0.217

Therefore real interest rate is 0.217 or 21.7%.

(b) Sd = Y - Cd - G

where Sd is national saving

Sd = Y - (3600 - 2000r + 0.1Y) - 1200

Sd = 5000-(3600 - 2000*0.217 + 0.1*5000) - 1200 =5000-3600+434-500-1200 = 134

Therefore, saving = 134

Id= 1200-4000*0.217 =332

Therefore, investment is 332

Cd= 3600-2000r+0.10Y=3600-434+500=3666

Therefore, consumption is 3666.

5 0
2 years ago
While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on
Daniel [21]

Answer:

The correct answer is A) top quality.

Explanation:

There are generally two sales approaches: the first, product-oriented. This takes into account its own characteristics in terms of presentation, quality and utility; and the second, people-oriented, where the real needs of the consumer are studied to determine how he uses the good in order to orient himself towards satisfying a need.

The example clearly shows that the orientation with minimum unit costs was mainly focused on the client, so that the first impression is that of a lower price to motivate their purchase decision. For his part, Orchard clearly shows a product orientation, because he tries to offer quality by sacrificing other variables to supply a need.

6 0
2 years ago
Read 2 more answers
) Using the following information, what is the amount of cost of merchandise sold?
Orlov [11]

Answer:

C. 30,210

Explanation:

Cost of merchandise sold = cost of merchandise purchase - cost of merchandise left in inventory

= Purchases  of $32,000 - Purchases discounts  of $960 - Purchases returns and allowances  of $1,200 + Freight In  of $1,040

- ( Merchandise inventory  at  September 30  of $6,370 - Merchandise inventory September 1  of $5,700)

= 32,000- 960- 1,200+1,040 - 670 = 30,210

5 0
2 years ago
Helpful team members strive to resolve differences and encourage a warm, supportive climate by praising and agreeing with others
Salsk061 [2.6K]

Answer:

The statement is: True.

Explanation:

<em>Helpful team members</em> are those who take advantage of their expertise to help the team achieve its goals faster or at least at the expected time. More than troublemakers they are problem solvers. Helpful team members act proactively, tend do be charismatic and enthusiastic, and motivate others to continue working towards a common goal.

7 0
2 years ago
Juanita Cash, the operations planner for the First State Savings and Loan, is planning the next quarter's level of deposits. She
yulyashka [42]

Answer:

For each one percent increase in the interest rate, amount of deposit increases by 11.145%

Explanation:

To obtain the amount rate at which deposit increase per percentage increase in interest rate ;

We obtain the slope Coefficient of the regression equation between the amoub of deposit and interest rate paid.

From the result of the analysis given ;

The slope Coefficient of X, interest rate % is 11.145

Hence, For each one percent increase in the interest rate, amount of deposit increases by 11.145%

4 0
2 years ago
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