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mel-nik [20]
3 years ago
8

Suppose Marcus eats nothing but burritos for dinner. He buys 30 burritos each month. During the last couple of weeks, Marcus not

iced an increase in the price of burritos. The price of burritos rose from $5.50 per burrito last month to $6.60 per burrito this month. Assume that Marcus has a fixed income of $165 that he can spend on burritos. How many burritos can Marcus afford to buy at the new price of $6.60?
Business
1 answer:
lisabon 2012 [21]3 years ago
4 0

Answer:

Marcus can buy 25 burritos.

Explanation:

Giving the following information:

The price of burritos rose from $5.50 per burrito last month to $6.60 per burrito this month.

Assume that Marcus has a fixed income of $165 that he can spend on burritos.

<u>To calculate the number of burritos that Marcus can afford, we need to use the following formula:</u>

Quantity= total income / unitary cost

Q= 165/6.6

Q= 25 burritos

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Answer: D) gain the attention of the consumer.

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The first and foremost thing is marketing is to gain the attention of the consumer. This is why Adverts usually start with something eye catching and then move on to explain the product.

All other steps in the marketing process including development of brand awareness cannot be implemented if the consumer's attention is not gained.

The first and foremost goal of marketing in simple terms therefore is to first grab their curiosity then gain their attention.

6 0
3 years ago
Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax.
bekas [8.4K]

$3878.55

Explanation:

Step 1 :

It is given that Kristy has a biweekly gross earnings of $1950.

Since it is bi-weekly payments there are 26 payments in the year.

Gross earnings per year = 1950 * 26 = $50,700

Step 2 :

It is given that the social security tax is 6.2% up to $128,400. Kristy's earnings of 50,700$ does not exceed the threshold $128,400, hence 6.2% of her entire income is subject to social security withholding.

Social security withholding = 6.2% of 50,700 = 6.2*50700/100 = $3143.40

Step 3 :

It is given that Medicare tax is 1.45% with no wage limit

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Total withholding = Social Security withholding + Medicare withholding 3143.40 + 735.15 = $3878.55

7 0
4 years ago
State and explain ways to set-up business in domestic market?
Murljashka [212]

Answer:

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Sell homemade products you make yourself.

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3 0
3 years ago
Lindsay needs to purchase a car. The car she is planning o in purchasing costs $8,000
Firlakuza [10]

Answer:

1. $6,000

2. $60

3. $8,180

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As Lindsay would pay for a term of 3 years

=> In each year, the amount finance is: $2,000

In one year, with APR = 3%, interest Lindsay has to pay on the loan of $2,000 is: $2,000 x 3% = $60

=> In three years, amount Lindsay pay for interest for the total finance is: $60 x 3 = $180

The actual cost of the car for Lindsay to own:

Actual cost = down payment + finance + interest = $2,000 + $6,000 + $180

= $8,180

8 0
3 years ago
Tim's Tools just issued a dividend of $2.22 per share on its common stock. The company is expected to maintain a constant 2.8 pe
LekaFEV [45]

Answer:

expected return = 12.03%

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return = 12.03%

4 0
3 years ago
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