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andrezito [222]
4 years ago
7

Suppose Michael is willing to dive across town to save 40 percent on a sweatshirt with a list price of $80. If Michael is ration

al, this implies that he should:
Multple Choice:
O not be wiling to drive across town to save 40 percent on a microwave with a list price of $200
O be wiling to dive across town to save 40 percent on a book with a list price of $30
O be wiling to dnive across town to save 10 percent on a guitar with a list price of $320
O not be wiling to dive across town to save $35 on a shirt with a list price of $70
Business
1 answer:
MrMuchimi4 years ago
8 0

Answer:

The answer is: "be wiling to drive across town to save 10 percent on a guitar with a list price of $320".

Explanation:

As Micheal is willing to drive across town to save $32 on the sweat shirt ( calculated as list price x discount = $80 x 40%), it means that the total cost he incurred, including the income earning he sacrifices because of the time of travelling, the fuel, parking expenses and other costs..., should not be as much as $32.

So, he will be willing to drive across town to buy things as long as it save him $32 or above.

Thus, the choice "be wiling to drive across town to save 10 percent on a guitar with a list price of $320" is correct because he can save $32 (320 x 10%).

------

The choice: "not be wiling to drive across town to save 40 percent on a microwave with a list price of $200" is not correct because he can save up to $80 ( 200 x 40%) which is above his total cost.

The choice:" be wiling to dive across town to save 40 percent on a book with a list price of $30" is not correct because he can only save only $12.

The choice: "not be wiling to dive across town to save $35 on a shirt with a list price of $70" is not correct because he can save up to $35.

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Answer:

The answer is Communication

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3 years ago
Cheyenne Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date Number of Units
4vir4ik [10]

Answer:

The COGS for the June 1st sale is $17 per unit, and the COGS for the August 27th sale is $20 per unit.

Explanation:

<u>Date</u>       <u>Number of units</u>     <u>Unit balance</u>      <u>Unit cost</u>      <u>Average cost</u>

May 7                40                      40                      $17                $17

June 1               (20)                     20                                           $17

July 28              30                      50                     $22               $20

August 27        (30)                     20                                           $20

The average COGS after the purchase on July 28 = [(20 x $17) + (30 x $22)] / 50 = ($340 + $660) / 50 = $20

           

6 0
3 years ago
The primary goal of a financial manager is​ ________. A. maximizing wealth B. minimizing return C. minimizing risk D. maximizing
Pani-rosa [81]

Answer:

D. maximizing profit

Explanation:

Maximizing profit because maximizing wealth may also maximize expenses by a certain limit . Minimizing return or risk may not result in maximum profit.

Maximum profit may help the business to develop grow and have the best results. The primary objective of financial managers is to make the business and company more worthy to its owners employees etc. This is achieved by getting the maximum profits. The maximum profits in turn reward every person connected with the company.

8 0
3 years ago
Which statement is true about reporting receivables on the balance sheet?
MAVERICK [17]
<h3>Answer:</h3>

D. Allowance for Doubtful Accounts is shown as a deduction from Accounts Receivable on the balance sheet.

<h3>Explanation:</h3>
  • Balance sheet is a statement of account that shows the number of assets, liabilities, capital and net profit or loss in an organisation.
  • Receivables refers to the amount that the seller ios owed by the customers or buyers.
  • Therefore, receivables are current assets in a business and are listed on the left side of the balance sheet.
  • Allowance for doubtful accounts is listed as a deduction below the accounts receivable as it is a reduction of the total amounts on accounts receivable.
3 0
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3 years ago
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