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Dafna1 [17]
3 years ago
6

Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $45 to you. One of you

r close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $103 .
Business
1 answer:
ch4aika [34]3 years ago
3 0

Answer: The total value created from the trade is $58

Explanation: The value created by me is $25 as I sold for $70 a bicycle worth $45 to me. That is $70 - $45 = $25.

On the otherhand, my friend created a value/gain of $33. He bought the bicycle for $70 but the worth to him is $103. That is, $103 - $70 = $33

In essence, the total value created will be the summation of the value created by me and that of my friend

That is, $25 + $33 = $58

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An​ avant-garde clothing manufacturer runs a series of​ high-profile, risque ads on a billboard on highway 101 and regularly col
mylen [45]

Answer:

b)31.7%

Explanation:

The number of types of complaints is given below;

Offensive​ racially/ethnically 15 Demeaning to men 13

Demeaning to women 19

Ad is incomprehensible 8

Other 5

Total=15+13+19+8+5=60

(a)See Attached Diagram for Pareto Chart

(b)The Most Prevalent Complaint is that the Ad is Demeaning to Women. The frequency=19

Total=60

Percentage of Most Prevalent Complaint=(19/60)*100=31.7%

7 0
3 years ago
If a good that generates negative externalities were priced to take these negative externalities into account, its A. price woul
kiruha [24]

Answer:

The correct option is C: price would increase, and its output would decrease

Explanation:

Many companies that produce goods with negative externalities pay hugely for the negative externalities the consumer tend to face. For example, cigarette companies pay huge taxes because of harmful effect on consumer. If they were to price these goods with the negative externalities taken into account, the price of the good will definitely increase and output reduced.

4 0
3 years ago
John worked in a manufacturing job building car engines. Over time, this work was increasingly performed by machines, and manufa
Neko [114]

Answer: Structural Mobiility

Explanation:

Structural Mobiility can be described as changes that enable a whole group of people to either move up or down the economic class ladder.

Structural mobility is attributed to the changes in society or company as a whole, not just personal changes.

The changes done in John's illustration is a social change where a job that can be performed by humans are now performed by robots.

This change negatively affected John and his manufacturing company thereby bringing down John in the economic ladder as he moved down from the Middle class to a lower social class.

7 0
2 years ago
Trail Runner guarantees its snowmobiles for three years. Company experience indicates that warranty costs will be approximately
polet [3.4K]

Answer:

1. Record the​ sales, warranty ​expense, and warranty payments for the company. Ignore cost of goods sold.

To record sales during 2018:

Dr Cash 120,000

Dr Accounts receivable 480,000

    Cr Sales revenue 600,000

To record warranty liability:

Dr Warranty expense 30,000

    Cr Warranty payable 30,000

To record warranty related expenses:

Dr Warranty payable 10,000

    Cr Cash 10,000

Instead of cash it could have been wages payable, or repair parts inventory, but since we are not given any details, the safest thing is to assume cash payments.

2. Assume the Estimated Warranty Payable is​ $0 on January​ 1, 2018. Post the 2018 transactions to the Estimated Warranty Payable​ T-account. At the end of 2018 how much in Estimated Warranty Payable does the company​ owe?Use the​ T-account to determine the ending balance for the Estimated Warranty Payable account.

Ending balance of warranty payable account = $20,000

                                    Warranty Payable

                                   debit               credit

beg. bal.                         0                      0

warranty liability                                30,000

warranty costs            <u>10,000                         </u>

end. bal.                                             20,000

4 0
2 years ago
The Lady Eagles won 70% of their 30 basketball games this season How many games did they win?
Nitella [24]
They won 21 out of their 30 basketball games.
5 0
3 years ago
Read 2 more answers
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