Answer: $4680
Explanation:
The joint cost allocated to Preon will be calculated below as:
Preon's value will be:
= 14000 × $6.00
= $84000
Paron's value will be:
= 28000 × $2.00
= $56000
Total value = Preon's value + Paron's value
= $84000 + $56000
= $140000
The joint cost allocated to Preon will be
= 7800 × 84000/140000
= $4680
Answer:
Flexible budget cost materials and supplies= $2,720
Explanation:
In the flexible budget, we need to multiply the standard quantities by the actual activity.
<u>Standard cost formula:</u>
materials and supplies= 1,950 + 14*x
x= number of vehicles
<u>For 55 vehicles:</u>
Flexible budget cost= 1,950 + 14*55
Flexible budget cost= $2,720
Answer:
Myopic loss aversion
Explanation:
Loss Aversion is defined as the likelihood for individuals to strongly prefer making or avoiding losses over getting or acquiring gains.
Myopic loss aversion is simply defined as likelihood to look(focus) on avoiding short-term losses, even at the hands or expense of long-term gains. It is simply written as;
MLA = Loss aversion + mental accounting.
It is a kind of loss aversion that comprises mainly the idea that people do not see far enough into the future to invest in the right sense and as such life cycle hypothesis is forgotten or ignored.
Answer:
<u>False.</u>
Explanation:
The correct answer is: When a consumer learns about a new product for the first time and makes a decision to try it, the consumer is engaged in the adoption process.
The adoption process can be defined as the stage of consumer behavior, which he decides to adopt / buy a product. This step occurs when the judgment of the characteristics of the product in question produces positive results for the consumer.
Answer:
The correct answer is inflation rate
Explanation:
Inflation is a situation where is so much money in circulation but there are few goods to be bought,hence too much pursuing too few goods and services.
The rate at which the prices increase in respond to the problem of inflation is known as inflation rate.
Inflation is a must-have in any economy in order to encourage producers to produce more, but a single digit inflation rate is what is desirable not double digit such 25% which translates into hyper-inflation
