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vovikov84 [41]
3 years ago
9

Jennifer gets 5 utils from consuming her first slice of pizza, 4 utils from the second slice, 3 utils from the third, etc. Each

slice of pizza costs $1. She also gets 4 utils from her first soda, 2 utils from the second, and 1 util from the third. Each soda costs $1. If Jennifer only has $4 to spend and spends it all on pizza and sodas, what is her total utility from the purchase if she wants to maximize her total utility?
Business
1 answer:
nata0808 [166]3 years ago
6 0

Answer:

The maximum utility is 16 utils

Explanation:

To maximize the utility we must choose the items that gave most utils.  

Each item cost $1 and we have $4 to spend.  

1 slice of pizza: 5 utils

2 slice of pizza: 4 utils

3 slice of pizza: 3 utils

1 soda:  4 utils

2 soda:  3 utils

3 soda: 2 utils

If we display them in a decrease order and we choose  the first four rows.

1 slice of pizza: 5 utils (1 dollar)

2 slice of pizza: 4 utils  (1 dollar)

1 soda:  4 utils (1 dollar)

3 slice of pizza: 3 utils  (1 dollar)

2 soda:  3 utils

3 soda: 2 utils

Highlighted are the ones we must get to get the maximum utility.

The maximum utility is 5 utils +4 utils+4 utils+3 utils= 16 utils

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3 years ago
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Division Queensland New South
Svet_ta [14]

Answer:

1. Quuen Land Division

Margin 6.50%

ROI 11.70%

New South Wale Division Margin

Margin 3.50%

ROI 15.75%

2. New South wale Division

Explanation:

1. Computation for each division's margin, turnover, and return on investment (ROI)

QUUEN LAND DIVISION MARGIN

Using this formula

Margin =Net operating income/Total Sales

Let plug in the formula

Margin =$70,200/ $ 1,080,000

Margin=6.50%

QUUEN LAND DIVISION ROI

First step is to determine the Turnover using this formula

Turnover=Total sales/Average Asset

Let plug in the formula

Turnover= $ 1,080,000 /$600,000

Turnover =1.8 times

Now let determine the ROI using this formula

ROI =Margin * Turnover

Let plug in the formula

ROI=6.50%*1.8

ROI=11.70%

NEW SOUTH WALE DIVISION MARGIN

Margin =$ 83,475 / $ 2,385,000

Margin=3.5%

NEW SOUTH WALE DIVISION ROI

First step is to determine the Turnover using this formula

Turnover=Total sales/Average Asset

Let plug in the formula

Turnover= $ 2,385,000 /$530,000

Turnover =4.5 times

Now let determine the ROI using this formula

ROI =Margin * Turnover

Let plug in the formula

ROI=3.5%*4.5

RO1=15.75%

2. Based on the above calculation the divisional manager that seems to be doing the better job

Is NEW SOUTH WALE DIVISION because the ROI is greater.

3 0
2 years ago
Which of the following is NOT considered to be one of the three primary functions that all organizations​ perform? A. research a
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Answer: The correct answer is "A. research and development".

Research and development are <u>NOT</u> considered as one of the three primary functions that all organizations​ perform.

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Only in particular cases do companies engage in research and development, but it is not something basic.

4 0
3 years ago
Discount-Mart issues $10 million in bonds on January 1, 2012. The bonds have a ten-year term and pay interest semiannually on Ju
jeyben [28]

Answer:

B. $600,000

Explanation:

The computation of the interest expense on the bond for the year 2012 is shown below:

= Interest expense as on 30 June 2012 + interest expense as on December 31 2012

= $300,000 + $300,000

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For computing the interest expense for the year 2012, we added the interest expense of June 30 and for December 31 of 2012 only so that the correct amount could come

7 0
3 years ago
On june 13, the board of directors of siewert inc. declared a 2-for-1 stock split on its 80 million, $2 par, common shares, to b
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Answer:

No journal entry is required

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Explanation:

If a stock split is not to be effected in the form of a stock dividend, no entry is recorded. The balance in the common stock account remains the same.

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We will calculate the par value after stock split by

= $2 / 2

= $1

6 0
3 years ago
Read 2 more answers
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