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butalik [34]
3 years ago
8

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 wa

s​ $79.95. When she brought the coat 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 what?
Business
1 answer:
ra1l [238]3 years ago
6 0

Answer:

Consumer surplus is $15.99.

Explanation:

Melanie decided to buy a coat priced $79.95.  

When she brought a coat to the sales clerk, she found out that it is on a 20% discount and she has to $15.99 less than the original price.  

This means that her consumer surplus is at least $15.99.  

The consumer surplus is the difference between the maximum price a consumer is willing to pay and the price it actually pays.  

Melanie was willing to pay $79.95. But she actually paid $63.96. The difference between the two is $15.99.  

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Normative and positive statements
kvasek [131]

Answer:

Positive statement:

It is basically based on target and truth. Moreover, optimistic deliveries are have to be compelled to validate or nullified yet can't correct than

Normative Statement:

Adaptable announcements are particular and also the materials are value primarily based. The statements are basically valuation primarily based so that they can't be tried.

  1. <u>Since the statement 1</u><u> </u>are often proved or contradicted by grouping and evaluating the information, thus this can be a positive statement.
  2. <u>Since the statement 2</u> is opinion primarily based, we tend to can't take a look at it, and thus this can be a normative statement.
  3. <u>Since the statement 3</u> are often tested by seeing those conditions. Hence, this can be a positive statement.
  4. <u>Since the statement 4</u> is opinion primarily based, thus we tend to can't take a look at it. Therefore, this can be a normative statement.

3 0
3 years ago
Fabri Corporation is considering eliminating a department that has an annual contribution margin of $37,000 and $74,000 in annua
Amiraneli [1.4K]

Answer:

the annual financial advantage (disadvantage) for the company of eliminating this department is $18,500

Explanation:

the computation of the  annual financial advantage (disadvantage) for the company of eliminating this department is as follows:

Annual financial Advantage (disadvantage) = $37000 - ($74000 - $18500)

= $37000 - $55,500

= $18,500

Hence, the annual financial advantage (disadvantage) for the company of eliminating this department is $18,500

5 0
3 years ago
1. Gerald and Moira Johnson, are married taxpayers with two children, Michael and Oliver. Oliver lives with the Ryans and Michae
Alex73 [517]
................ sorry
6 0
4 years ago
If the amount of gasoline available for sale suddenly drops for some reason, but the amount people want to consume remains uncha
GREYUIT [131]
If supply decreases and demand remains stable, the price mechanically moves up since richer people are ready to pay more to get gasoline.
Of course companies selling gasoline want to maximize their profit so they will increase the price.
Right answer is A.
4 0
3 years ago
Read 2 more answers
The terms of an invoice are 3/10, n/25. this means that a ________ of the invoice date.
const2013 [10]

The terms of an invoice are 3/10, n/25 this means that a <u>discount of 3% is allowed if the invoice is paid within 10 days</u> of the invoice date.

3/10, n/25 this means that a 10% cash discount is available if the invoice is paid within 10 days, pay the net price if covered within 25 days of the invoice date. Discounts are reductions of the normal fee of a product or service with the purpose to obtain or growing income.

Trade discount refers to the deduction given by using the supplier to the purchaser within the catalog price of the goods. Cash discount implies the allowance granted to the clients by means of the supplier on the billing fee, for immediate payment.

A cash discount also referred to as a purchase cut price or income discount, is a reduction in the purchase fee of an excellent because of an early cash charge. In different words, the seller of products is inclined to lessen the fee of the goods if the purchaser is inclined to pay for the coolest in advance.

Learn more about cash discounts here brainly.com/question/14883253

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7 0
2 years ago
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