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3 years ago

Willingness to pay

Business

1 answer:

alex41 [277]3 years ago

4 0

Answer:

The correct answer is option a.

Explanation:

The willingness to pay for a product can be defined as the maximum amount an individual is willing to procure or obtain a product. The price of a product lies between a consumer's willingness to pay and a seller's willingness to accept.

The willingness to accept is the minimum amount a seller is willing to accept to let go of a product. Willingness to pay indicates how valuable good is for the buyer.

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Celeste's accountant fails to prepare her tax returns accurately, and Celeste is charged penalties and interest by the Internal

Gre4nikov [31]

Answer:

Option D. The accountant was a member of a professional organization.

Explanation:

The reason is that for a successful claim under the negligence act, the claimant have to prove following three things:

Duty of care existed between the relation
She has suffered economic harm &
The harm was proximately caused by the accountant's breach of the duty of care.

So the accountant's membership is not a valid requirement under the negligence act for a successful claim.

4 0

3 years ago

Disposable personal income: a. excludes transfer payments. b. includes personal income taxes. c. is income spent for personal it

erma4kov [3.2K]

Answer:

d. excludes personal income taxes

Explanation:

Disposable personal income excludes personal income taxes.

A disposable income can be defined as an amount of money remaining after the deduction of income taxes, and social security fees.

4 0

3 years ago

The Foundational 15 [LO7-1, LO7-2, LO7-3, LO7-4, LO7-5][The following information applies to the questions displayed below.]Dieg

Pavlova-9 [17]

Answer:

See attached file

Explanation:

To obtain sales, the quantity sold is multiplied by the sale price in each of the regions.

Variable costs are multiplied by each of the quantities

Fixed costs are distributed according to what the company determined

From the difference between sales and variable costs we get the Contribution Margin. If the fixed costs are subtracted, the Segment Margin of each sector is obtained. Subtracting fixed costs that cannot be distributed, gives the Net Income.

The Fixed manufacturing overhead $ 800,000 was distributed between 40.000 units (produced units) not 35.000 (sold units)

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3 years ago

The primary concerns when first starting your business are:

const2013 [10]

The primary concerns when first starting your business are: financing and planning

8 0

2 years ago

You have the following information for Oriole Company for the month ended October 31, 2022. Oriole uses a periodic method for in

Arisa [49]

Answer:

Oct. 1 Beginning inventory 55 26 = $1,430

Oct. 9 Purchase 130 28 = $3,640

Oct. 17 Purchase 95 29 = $2,755

Oct. 25 Purchase 65 31 = $2,015

totals 345 units, $28.522 per unit, $9,840

a) $28.522 per unit

b) FIFO

COGS = (55 x $26) + (130 x $28) + (70 x $29) = $7,100

Ending inventory = $2,740

Gross profit = (95 x $45) + (55 x $50) + (105 x $50) - $7,100 = $5,175

LIFO

COGS = (65 x $31) + (95 x $29) + (95 x $28) = $7,430

Ending inventory = $2,410

Gross profit = (95 x $45) + (55 x $50) + (105 x $50) - $7,430 = $4,845

Average cost

COGS = 255 x $28.522 = $7,273

Ending inventory = $2,567

Gross profit = $5,002

c) gross profit margin

FIFO = $7,100 / $12,275 = 57.8%

LIFO = $7,430 / $12,275 = 60.5%

Average = $7,273 / $12,275 = 59.3%

6 0

3 years ago