Answer:
b. his marginal benefit of the additional serving is at least $3.
Explanation:
In economic thinking, a firm or an individual will make profits as long as marginal revenue exceeds marginal costs. Losses occur when marginal cost is more than the marginal revenue.
For Jim to breakeven at the restaurant, he has to consume meals worth at least $12. If Jim is consuming servings that are of equal value, four servings of $3, each will add up to $12. For Jim to consider a fourth serving, then it must be worth at least $ 3. Should be meal exceed $ 3 and assuming the first three meals were of equal value, Jim will have benefited from the offer.
Answer:
Disclose the $2,000,000 as a Contingent Liability in the Notes
Explanation:
The Company shall Disclose the $2,000,000 as a Contingent Liability in the Notes.
A Contingent Liability is a Liability whose timing or amount is uncertain
Answer:
No
Explanation:
the required rate of return = 12%
if the present value of the project's cash flows after being discounted at the required rate of return = $120,000, then the net present value (NPV) of the project is negative. Future cash flows are discounted at the company's required rate of return, if they were discounted at a lower rate, their present value would be higher.
Any project with a negative NPV should be rejected because it doesn't provide enough cash flows.
Answer is A because I googled the Answer so you’re welcome
Answer:
Store A = $9
Store B = $8
Store C = $10
Explanation:
Finance charges calculated by average daily balance finance charges basis, adjusted balance method finance charges basis and Previous Balance Method Finance Charge basis is calculated as follows
Store A:
Average Daily Balance Finance Charge basis = ($500 + $400) /2
Average Daily Balance Finance Charge basis = $450
Finance Charges = $450 x (24% / 12)
Finance Charges = $9
Store B:
Adjusted Balance Method Finance Charge basis = $500 - $100
Adjusted Balance Method Finance Charge basis = $400
Finance Charges = $400 x (24% / 12)
Finance Charges = $8
Store C:
Previous Balance Method Finance Charge basis = $500 - $0
Previous Balance Method Finance Charge basis = $800
Finance Charges = $500 x (24% / 12)
Finance Charges = $10
