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4 years ago

Zone of acceptance refers to consumers': Select one:

Business

1 answer:

sesenic [268]4 years ago

6 0

Answer:

Letter a is correct. Acceptable range of prices for any purchase situation.

Explanation:

The purchase decision process is a systematic model that represents the rational or irrational steps a consumer goes through before making a purchase. These steps are related to solving needs, searching for information, evaluating similar alternatives, and post-purchase behavior.

The zone of acceptance is a step regarding the price range that the consumer is willing to pay for a particular product or service, and is influenced by each step of the consumer's buying decision.

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A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the sup

Anarel [89]

The formula for calculating the direct labor standard is:

Direct labor standard = Basic wages + Payroll tax

Direct labor standard = Basic wages + 25% of Basic wages

Substituting the given values into the equation:

Direct labor standard = $19 + 0.25 * $19

Direct labor standard = $23.75

3 0

3 years ago

If you withdraw money from a CD before its maturity date, you will face a financial penalty. True False

Lilit [14]

Answer:

True

Explanation:

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2 years ago

Suppose the actual price for good a is $20. john is willing to pay $30, susie is willing to pay $28, joseph is willing to pay $2

victus00 [196]

Answer: Total consumer surplus is $27

We calculate Consumer Surplus as follows:

$Consumer Surplus = Amount consumer is willing to pay - Price of the product$

We calculate Consumer Surplus for each person

Person Price Willing Actual Price Consumer Surplus

John 30 20 $30 - 20 = 10$

Susie 28 20 $28 - 20 = 08$

Joseph 25 20 $25 - 20 = 05$

Jessica 23 20 $23 - 20 = 03$

Jeremy 21 20 $21 - 20 = 01$

Total Consumer Surplus 27

7 0

4 years ago

Mary, Ann, and Beth are partners. Their capital balances are, ; ; and , respectively. As per the partnership agreement, Mar

77julia77 [94]

Complete Question:

Mary, Ann, and Beth are partners. Their capital balances are $23,000, $41,000 and $30,000 respectively As per the partnership agreement Mary receives a profit share of 2/9, Ann has 4/9, and Beth has 39 Beth withdraws from the partnership by receiving $23.000 What will be the impact of this transaction on the journal entries?

A. Cash will be debited for $30,000

B. Mary. Capital will be debited for S 7,000

C. Ann, capital will be credited for $7,000

D. Beth, Capital will be debited for $30,000

Answer:

D. Beth, Capital will be debited for $30,000

Explanation:

The entry would be reduction in capital by $30,000 because his investment is sold for $23,000 and the remainder $7,000 would be profit for two remaining partners and would be shared with their respective ownership.

The entry is as under:

Dr Beth Capital Account $30,000

Cr Mary Capital A/c $2,333 (1/3) of $7,000

Cr Ann Capital A/c $4,667 (1/3) of $7,000

Cr Cash Account $23,000

Hence the option D is correct here.

Option A is incorrect because cash wasn't debited with.

Option B is incorrect because Mary capital wasn't debited, it was credited.

Option C is also incorrect because Ann's capital was credited but with (2/3) share.

5 0

3 years ago

Starr Company reports the following information for August. Raw materials purchased on account $ 76,200 Direct materials used in

il63 [147K]

Answer:

1. Raw materials purchased.

Raw Materials Account $ 76,200 (debit)

Account Payable $ 76,200 (credit)

2. Direct materials used in production.

Work In Progress Account $48,000 (debit)

Raw Materials Account $48,000 (credit)

3. Direct labor used in production.

Work In Progress Account $15,350 (debit)

Wages and Salaries $15,350 (credit)

4. Applied overhead.

Work In Progress Account $18,360 (debit)

Manufacturing Overhead Account $18,360 (credit)

Explanation:

1. Raw materials purchased.

Raw Materials Account $ 76,200 (debit)

Account Payable $ 76,200 (credit)

Recognise the Assets of Raw Materials and a Liability - Account Receivable

2. Direct materials used in production.

Work In Progress Account $48,000 (debit)

Raw Materials Account $48,000 (credit)

De-recognise the Raw Materials used in production and recognise the cost in Work In Progress Account

3. Direct labor used in production.

Work In Progress Account $15,350 (debit)

Wages and Salaries $15,350 (credit)

Recognise the labor cost in Work In Progress Account and de-recognise the Wages and Salaries Account with the amount applied to production

4. Applied overhead.

Work In Progress Account $18,360 (debit)

Manufacturing Overhead Account $18,360 (credit)

De-recognise the Manufacturing Overheads used in production and recognise the cost in Work In Progress Account

4 0

3 years ago