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3 years ago

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A beverage company puts game pieces under the caps of its drinks and claims that one in six game pieces wins a prize. the offici

al rules of the contest state that the odds of winning a prize are is the claim "one in six game pieces wins a prize" correct? why or why not? 1:6.

1 answer:

jek_recluse [69]3 years ago

5 0

Coke and yes 1 in 6 is correct

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Chang Industries has 2,000 defective units of product that already cost $14 each to produce. A salvage company will purchase the

lidiya [134]

Answer:

A sunk cost is the correct answer to this question.

Explanation:

Sunk cost:- Sunk costs are those expenses that have been accumulated in the past and are thus in some way unrelated to judgment-making.

In the question referred to above, the company has already made $14 to produce. This cost will be inconsequential even if the company makes the units as it is or procedures them further.

As a result, $14 is a sunk expense.

Other options are incorrect because they are not related to the given scenario.

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3 years ago

The usual stated political goal of rent control isGroup of answer choicesto conduct social engineering via economic rules.prices

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Answer:

to assist the low income at a cost to society, in convenient, affordable housing.

Explanation:

Rent control can be defined as a process which typically involves keeping the cost of rent within a certain amount that is affordable for the citizens. Therefore, it ensures the amount of money spent as rent doesn't go above the chosen amount or grow at an increased rate.

Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.

This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.

Basically, rent control is considered to be a price ceiling.

Hence, the usual stated political goal of rent control is to assist the low income at a cost to society, in convenient, affordable housing.

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3 years ago

Which of the following is true for project manager that work in a specific industry?

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Answer: A. they have expertise in a focused technical topic

Explanation:

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3 years ago

Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $15,000 (original cost of $34,000 l

Vesnalui [34]

Answer:

a. Gain on sale of land = $230,000

b. Loss on the exchange of the tractor = $5,400

c-1. Gain on Exchange of the tractor = $5,000

c-2. Initial value of new tractor = $35,600

Explanation:

a. What is the amount of gain or loss that Kapono would recognize on the exchange of the land?

This can be determined as follows:

<u>Details Amount $ </u>

Fair value of land 760,000

Book value of land <u>(530,000) </u>

Gain (loss) on sale of land <u> 230,000 </u>

b. What is the amount of gain or loss that Kapono would recognize on the exchange of the tractor?

This can be determined as follows:

<u>Details Amount $ </u>

Original Cost of Tractor 34,000

Accumulated Depreciation <u>(19,000) </u>

Book Value of Tractor <u> 15,000 </u>

Therefore, we have:

Loss on Exchange of the tractor = Fair value - Book Value of Tractor = $9,600 - $15,000 = $5,400

c. Assume the fair value of the old tractor is $20,000 instead of $9,600. What is the amount of gain or loss that Kapono would recognize on the exchange? What is the initial value of the new tractor?

c-1. Calculation of the amount of gain or loss that Kapono would recognize on the exchange

From part b, we have:

Book Value of Tractor = $15,000

And, we have:

Fair Value = $20,000

Therefore, we have:

Gain on Exchange of the tractor = Fair value - Book Value of Tractor = $20,000 - $15,000 = $5,000

c-2. Calculation of the initial value of the new tractor

This can be determined as follows:

Initial value of new tractor = Fair Value of tractor given + Cash paid = $9,600 + $26,000 = $35,600

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List the main differences between a free-market system, a command economy, and a mixed economy.

soldier1979 [14.2K]

A command economy is no freedom to the people.
The mixed economy has public input and government input
A free-market system is to the public where they can freely change prices and products. It is free from government intrusion

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