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2 years ago

Buying goods and services not for their intrinsic value but for the purpose of impressing others is called?

1 answer:

3 0

Buying goods and services not for their intrinsic value but for the purpose of impressing others is called Conspicuous consumption.

What is Conspicuous consumption?

Conspicuous consumption is the act of acquiring things or services specifically with the intention of flaunting one's wealth. When publicly displayed products and services are too expensive for other people in a person's class, conspicuous consumption is a way to demonstrate one's social position. Although it is frequently associated with the wealthy, this type of consumerism can occur in any income class.

Conspicuous consumption is characterized by buying products that are solely intended to serve as symbols of wealth, such as apparel with luxury brand labels, cutting-edge equipment and toys, and automobiles.

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Discount Airlines is preparing a contribution margin report segmented by route. The following information is available: Atlanta/

IgorC [24]

Answer:

17.3%

Explanation:

The contribution margin ratio is shown below:

Contribution margin ratio = Contribution margin ÷ Sales × 100

where,

Contribution margin is

= Sales - variable cost

Sales arise from passengers ($1,250 × 7,100) $8,875,000

Less:

Food ($7 × 7,100) $497,00

Selling ($90 × 7,100) $639,000

Fuel ($15 × 190,000) $2,850,000

Wages ($20 × 190,000) $3,800,000

Total variable cost ($7,338,700)

Contribution margin $1,536,300

So, the contribution margin ratio is

= $1,536,300 ÷ $8,875,000

= 17.3%

8 0

3 years ago

What are the board directors in charge of

Mama L [17]

Answer:

The board of directors is elected to represent shareholders' interests

Explanation:

Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation. hope this helps you :)

7 0

3 years ago

which protects tricare beneficiaries from devastating financial loss due to serious illness or long-term treatment by establishi

Ipatiy [6.2K]

The factor that protects Tricare beneficiaries from devastating financial loss due to serious illness or long-term treatment by establishing limits over which payment is not required is known to be called catastrophic cap benefit.

<h3>What is catastrophic cap benefit?</h3>

The catastrophic cap is known to be a word that connote the highest or maximum a person and their family can be able to pay so that they can be able to covered TRICARE health care services in all of the calendar year.

Note that this is known to be a plan that tends to protects a person due to the fact that it lowers the amount in terms of the out-of-pocket expenses a person need to pay for TRICARE covered medical services.

Therefore, The factor that protects Tricare beneficiaries from devastating financial loss due to serious illness or long-term treatment by establishing limits over which payment is not required is known to be called catastrophic cap benefit.

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3 0

1 year ago

Rites and rituals are ____. for example, employees of new belgium brewery in fort collins, colorado, get a free brewery-hopping

3241004551 [841]

The rites and rituals are considered to be ceremonies and activities in which should be placed on the space provided because they are use for occasions in a way of celebrating a specific group or organization that has set an example above.

3 0

3 years ago

What does your social security number mean?

Degger [83]

your social security number is a 9 diget number issued to u.s citizens, permanent residents ,or temporary working residents under section 205 of the social security act

4 0

3 years ago

Read 2 more answers