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mote1985 [20]
3 years ago
15

Elaine was known for being especially frugal. In fact, it was not out of the question for her to commute nearly 45 minutes just

to save a few dollars on a packet of cigarettes. Elaine perceived price as _______ for a good or service, while most consumers recognize price as the _______ made to acquire a good or service.
Business
1 answer:
Fed [463]3 years ago
8 0

Answer:

The money paid; overall sacrifice

Explanation:

Price: It refers to the amount of money paid to acquire a specific quantity of goods and services. It is also a measure of value.

Price to some consumer is the overall sacrifice made to acquire a product. It is the money paid in exchange for a Commodity.

Prices can be affected by demand or supply of goods.

If the demand for a product is higher than its supply, then price of the product will increase.

If the supply of a product is higher than its demand, then price of the product will fall.

Demand is the amount of goods and individual is willing to buy at a particular price over a period of time. Consumers tend to maximize utility by buying more quantity of a product at a lower price.

Supply is the amount of goods and services a producer is willing to sell at a particular price over a given period.

Producers tend to maximize Profit by selling more quantity of goods at a higher price.

Price is the major determinant of how much to demand and how much to supply at a point in time.

Elaine was known for being especially frugal. In fact, it was not out of the question for her to commute nearly 45 minutes just to save a few dollars on a packet of cigarettes. Elaine perceived price as the money paid for a good or service, while most consumers recognize price as the overall sacrifices made to acquire a good or service.

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2.)
drek231 [11]

Answer:

sorry, I can't any answer

3 0
3 years ago
It is May 1. The quoted price of a bond with a 30/360 day count and 12% per annum coupon in the United States is 105. It has a f
larisa86 [58]

Answer: option A is the correct option.

Cash price = 106.00

Explanation:

Cash price = quoted price + accrued interest

CP = Qp + I ..........................(1)

Quoted price = 105

Accrued interest = ?

STEP1 : FIND INTEREST;

Because the interest is not compounded

Accrued Interest = PRT ..........(2)

P= principal ( the face value)

R = rate per annum

T= period

P= 100

Since the period of payment of the face value was from April 1 to October 1 that means the period is 180 days, that means the 12% rate per annum (360 days), should be 6% rate per halve annum (180 days).

Therefore;

R = 6%

Since rate is applied every 30 days of the period which is 30/360 for an annum. Our period is 180 that's means rate will be applied to 30/180.

Therefore;

T = 30/180

Therefore using equation 2

I = 100 × 6% × (30/180) = 1.00

Accrued interest= 1.00

STEP 2: FIND CASH PRICE

using equation 1

Cash price = 105 + 1.00 = 106.00

4 0
3 years ago
When direct labor employees contribute to the production process, the cost of their labor is recorded by debiting: O Wages Expen
lutik1710 [3]

Answer:

The correct answer is letter "C": Work in Process Inventory.

Explanation:

Work in Process Inventory is an asset in the company's Balance Sheet. It represents the accumulated cost of unfinished goods that are currently in the manufacturing process. Companies that manufacture large or customer-made items typically use a work in progress inventory system to record labor, raw material, and overhead.

6 0
3 years ago
On July 1, 2020, Ayayai Co. pays $15,420 to Pina Insurance Co. for a 3-year insurance policy. Both companies have fiscal years e
rodikova [14]

Answer:

July 1, 2020

Dr. Prepaid Insurance $15,420

Cr. Cash __________ $15,420

December 31, 2020

Dr. Insurance Expense_$2,570

Cr. Prepaid Insurance _$2,570

Explanation:

Prepaid Expense is the payment of an expense made before it accrued ( means advance payment of an expense ).

As Ayayai Co. paid the 3 years insurance in advance. It is the form of prepaid insurance. Prepaid insurance will be charged to the insurance expense account with the passage of time.

On July 1

The cash is paid so, the cash account will be credited because it is an asset account that has a debit nature. To reduce its balance we need to credit it.

On the other hand, cash is made against the advance payment of insurance for three years, prepaid insurance account will be debited because it is an asset account that needed to be debited to record this.

December 31

The Insurance expense for 6 months is accrued and it needs an adjusting entry to record the expense.

To record Insurance expense, the insurance expense account is debited and on the other hand to reduce the balance of prepaid insurance by the accrued expense value prepaid insurance account is credited.

Insurance expense = $15,420 x 6 / ( 12 x 3 ) = $2,570

3 0
2 years ago
Required: 1-a. Calculate the future value at the end of three years. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropr
kobusy [5.1K]

Answer: $2,398.55

Explanation:

The deposit at the end of year one would have been compounded by 2 years at the end of year 3. The second year deposit would have compounded by 1 year and the third year deposit would not have compounded at all.

The future value at the end of 3 years is;

= (500 * ( 1 + 11%)²) + (750 * ( 1 + 11%)) + 950

= $2,398.55

<em>The question might not be the exact same but you can use this as a reference. </em>

6 0
3 years ago
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