Answer: consumer's maximum willingness to pay for it.
Explanation:
The value a consumer places on a product or service is the highest amount that consumer is willing to pay for that product or service to be received. Value simply means the worth a particular thing has to a person. Value varies as some items are more valuable than others.
Answer:
Total costs: $151.22
Cost per mile: $2.2238
Explanation:
Cost of hiring a truck per day = $45
Added cost per mile will be = $0.79 x 68
The collision waiver costs = $25.00
Diesel fuel costs = $27.50
Total costs will be
= $45 + $53.72 +$25 + $27.50
=$151.22
The cost per mile will be the total costs divided by miles covered
=$151.22/68
=$2.2238 per miles
C . Depending on how many siblings there are
Answer:
Adjusting entries
General Journal
Item 1
Debit : Statement of Financial Position $540
Credit : Supplies $540
Item 2
Debit : Insurance Expense $125
Credit : Prepaid Insurance $125
Item 3
Debit : Depreciation $150
Credit : Accumulated Depreciation $150
Item 4
Debit : Unearned Service Revenue $920
Credit : Service Revenue Earned $920
Item 5
Debit : Trade Receivable $330
Credit : Service Revenue $330
Item 6
Debit : Interest Expense $80
Credit : Note Payable $80
Item 7
Debit : Salaries Expenses $1,500
Credit : Salaries Payable $1,500
Explanation:
The adjusting entries for the items have been prepared above.
