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3 years ago

The decision making process followed by consumers to maximize utility assumes that

1 answer:

5 0

The decision-making process followed by consumers to maximize utility assumes that the consumer has a limited income, the consumer is able to rank their preferences, the consumer behaves rationally.
The term utility used by the economist as a measure of satisfaction, happiness, a joy of a person.

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Since the Troy Division also sustained an operating loss in the prior year, Rice's president is considering the elimination of t

s2008m [1.1K]

Answer:

c. $30,000 lower

Explanation:

Missing word "Rice Corporation currently operates two divisions which had operating results last year as follows:

West Division Troy Division

Sales $600,000 $300,000

Variable costs 310,000 200,000

Contribution margin 290,000 100,000

Traceable fixed costs 110,000 70,000

Allocated common corporate costs 90,000 45,000

Net operating income (loss) $ 90,000 ($15,000)

Options are: a. $15,000 higher, b. $45,000 lower, c. $30,000 lower, d. $60,000 higher"

Particulars Amount

Contribution margin $100,000

Less: Traceable fixed costs $70,000

Segment margin of Troy Division $30,000

The operating income would been $30,000 less without the segment margin contributed by the Troy Division. Hence, If the Troy Division had been eliminated at the beginning of last year, Rice Corporation's operating income for last year would have been $30,000 lower.

7 0

3 years ago

Skilled versus unskilled labor markets Consider the labor markets for unskilled workers and skilled workers in the United States

Nat2105 [25]

Answer: Skilled Workers.

Explanation:

Skilled workers refers to those with the skills and abilities required to work in their various tasks. Often these skills are gained from tertiary level institutions such as Universities, Colleges or Technical Schools.

When the report speaks of how having a college education leads to increased productivity, it is targeting skilled workers who as the definition states, have probably gone to College or Universities and the like.

This report will increase the labour market for skilled college education holders as companies might want to hire them more to gain from the reported increased productivity.

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4 years ago

You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a lo

kramer

Answer:

$201,866.28

Explanation:

Using a financial calculator, input the following to calculate the the amount that would be required today to meet the goal; calculate present value (PV).

Future value ; FV = 1,000,000

Recurring payment PMT = 0

Total duration of the investment ; N = 8

Annual interest rate; I/Y = 9%

then compute the present value ; CPT PV = $501,866.28

Since she already has $300,000, find the balance;

Additional money needed = $501,866.28 -$300,000 = $201,866.28

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4 years ago

What is a pain point of operations as a Freelancer that Fiverr helps alleviate?

kicyunya [14]

The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.

<h3>What are financial constrain?</h3>

This is known to be when a person or firm lacks money to run their basic activities.

Note that Fiverr has eliminate the stress of looking for a job and as such, The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.

Learn more about financial constraint from

brainly.com/question/14140096

#SPJ1

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2 years ago

Company X sold one of its divisions for $15,000,000 at the end of 2018. At the time of sale, the division had a book value of $1

Lady bird [3.3K]

Answer:

Loss on discontinued use of unit= $900,000

Explanation:

Company X sold one of its divisions for fair value of $15,000,000 while the book value is $14,000,000.

So they made a gain of $1,000,000

The division made a pretax loss of $2,500,000

Net loss= Pretax loss- Gain from sale

Net loss= 2,500,000- 1,000,000

Net loss= $1,500,000

Tax rate for Company X is 40% so taxed amount for the loss= 0.40* 1,500,000= $600,000

Loss on discontinued use of unit= Pretax loss - Tax

Loss on discontinued use of unit= 1,500,000- 600,000= $900,000

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4 years ago