1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Black_prince [1.1K]
3 years ago
10

On a shopping trip, Melanie decided to buy a light blue coat made from woven fabric. A tag on the coat stated that the price was

$79.95. When she brought the coast to the store's sales clerk, Melanie was told that the coat was on sale, and she would pay 20 percent less than the price on the tag. After the discount was applied, Melanie paid $63.96, $15.99 less than the original price. The value of Melanie's consumer surplus from this purchase is
A. $79.95 since this is the price she is willing to pay
B. at least $15.99 since this is the difference between the price Melanie is willing to pay for the cont and the actual price she pays, but she could have be willing to pay more than $79.95 for the coat
C. exactly $15.99 since this is the difference between the maximum price Melanie is willing to pay for the cost and the actual price she pays.
D. $63.96 since this is the actual price she pays.
Business
1 answer:
sergij07 [2.7K]3 years ago
5 0

Answer: 5

Explanation: C

Consumer surplus is the difference between the quantity that a consumer is eager to pay for any product and the amount that he or she really ends up paying for that commodity. In this question Melanie was expecting to pay $79.95 when she saw the tag. Later she came to know that the coat was on a sale and she would have to pay 20% less. She finally paid $63.96 that is $15.99 less than the stated price $15.99. Thus, $15.99 is the consumers' surplus.

You might be interested in
Among the guiding principles of six sigma are:
Rudik [331]

Answer:

E. I, II, and IV only

Explanation:

Six sigma is a management technique that involves measuring the number of defective products resulting from production activities, and carefully undergoing certain processes to reduce these defects and improve quality.

The DMAIC cycle is an important process when using the six sigma technique. It involves;

• Defining the goals and objectives to be achieved and problems to be fixed.

• Measuring the production process to see how it currently performs and gathering data on defective products.

• Analysing the processes to find root causes of problems and possible causes of defects.

• Improving the process by implementing carefully formed plans which will help reduce defects.

• Controlling how the new processes are implemented to yield and sustain favorable results and deliver value to customers.

Six sigma aims to remove variations from business processes to reduce product defects and improve quality.

8 0
2 years ago
Non price competition price leadership and cartels are models in the ____ market structure(s)
Degger [83]
<span>These are monopoly market structures. This is where the person or company selling items does not face competition and is the only person or company selling the items with no competitor that has a close substitute. This is an imperfect kind of competition.</span>
5 0
3 years ago
what is a basic premise of the acquisition method regarding accounting for a noncontrolling interest?
miv72 [106K]
Answer: D) A subsidiary is an invisible part of a business combination and should be included in its entirety regardless of the degree of ownership.


What is a basic premise of the acquisition method regarding accounting for a non controlling interest?
A) Consolidated financial statements should not report a non controlling interest balance because these outside owners do not hold stock in the parent company.
B) Consolidated financial statements should be primarily for the benefit of the parent company's stockholders.
C) Consolidated financial statements should be produced only if both the parent and the subsidiary are in the same basic industry.
D) A subsidiary is an invisible part of a business combination and should be included in its entirety regardless of the degree of ownership.


D) A subsidiary is an invisible part of a business combination and should be included in its entirety regardless of the degree of ownership.
7 0
2 years ago
AnaCarolina and Jaco, executive managers at Duke Manufacturing, are tasked with determining appropriate performance metrics for
Finger [1]

Answer:

a. number of returns due to incorrect products shipped in response to orders.

Explanation:

AnaCarolina and Jaco, executive managers at Duke Manufacturing can use the number of returns due to incorrect products shipped in response to orders to determine appropriate performance metrics for the customer perspective of Duke's balanced scorecard.

The defective units in the production line will give a performance metrics with respect to customer's order.

7 0
3 years ago
Read 2 more answers
Barber and Atkins are partners in an accounting firm and share net income and loss equally. Barber's beginning partnership capit
Ivenika [448]

Answer:

The answer is $304,000

Explanation:

Barber's ending equity is:

Barber's beginning partnership capital balance for the current year plus share of partnership net income minus Barber's withdrawal

Barber's beginning partnership capital balance for the current is $314,000

Share of partnership net income

= $152,000 /2

= $76,000

Barber's withdrawal = $86,000

Therefore, Barber's ending equity is

$314,000 + $76,000 - $86,000

= $304,000

8 0
2 years ago
Other questions:
  • Steps in developing an email campaign include: borrowing an inexpensive email list. measuring the results of the campaign. findi
    6·1 answer
  • Suppose there are only two types of goods to consume: food and leisure. An average Californian citizen has a daily income of $10
    7·1 answer
  • You are considering building a new deck on your​ home, what factors should you consider when deciding whether to borrow the mone
    13·2 answers
  • A _____ is something that has been learned.
    6·2 answers
  • In order for private bargaining to result in the efficient outcome,A) an injunction must be requestedB) property rights must be
    8·1 answer
  • Use straight line (SL) depreciation to determine a. annual depreciation charge (5 points) and b. annual book values for the life
    15·1 answer
  • During the ________ phase of the product life cycle, the company incurs considerable costs for educating customers, building wid
    9·1 answer
  • Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 320, 300, 372, 332, a
    9·1 answer
  • A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: (3 points)
    6·1 answer
  • Text: "managerial accounting: tools for business decision making " 9th edition, isbn 9781119709589
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!