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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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St. Nick Corporation's Toy-Making Supplies account showed a beginning balance of $200 and supplies purchased of $800. There were
iragen [17]

Answer:

3. $600

Explanation:

The computation of the amount is shown below:

= Beginning balance of supplies + purchase made - supplies on hand

= $200 + $800 - $400

= $600

The year end increase in toy making supplies expense is $600

The journal entry would be

Supplies expense A/c Dr $600

               To supplies A/c $600

(Being supplies account is adjusted)

7 0
3 years ago
Which type of insurance covers individuals by giving them a
Gelneren [198K]

Answer:

Disability

Explanation:

Disability insurance offers protection against the loss of income due to disability or sickness. This insurance policy provides income to the insured if they are unable to work as a result of a disability or serious illness. Disability insurance coverage is available from private insurance companies and government-backed programs.

4 0
2 years ago
The management accountant for Martha’s Book Store has prepared the following income statement for the most current year.
Tatiana [17]

Answer:

c. less corporate profits.

Explanation:

Subtract all the expenses from the revenue that are solely associated with Cookbook product line.

60000 - 36000 - 18000 - 2000 = 4000

This $4000 suggests that CookBook product line contributes profit of 4000 towards the company. So If the cookbook product line had been discontinued prior to this year, the company would have reported less corporate profits by $4000.

5 0
3 years ago
The human genome is thought to contain about how many genes? 1,000–2,000 4,000–6,000 100,000–110,000 13,000–15,000 20,000–25,000
kolbaska11 [484]
THERE IS AROUND 100,000 OR MORE GENES IN THE HUMAN BODY
7 0
3 years ago
when darren met the ceo of his company for the first time, he made sure to give the boss a firm handshake and a smile. darren wa
Igoryamba

Impression management was practised by darren.

Impression management is the subconscious or conscious effort to influence other people's perceptions, decisions, and opinions.

Impression management (also known as self-presentation) refers to the processes by which people control how others perceive them. People are more motivated to control how others perceive them when they believe that their public images are important in achieving desired goals, the goals for which their impressions are important, and there is a gap between how they want to be perceived and how others perceive them. The actions people take to persuade others to think about a concept in a certain way are referred to as impression management. People use impression management to either reinforce or change their current opinions, depending on their goals.

brainly.com/question/2725280

#SPJ4

8 0
11 months ago
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