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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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To complete your degree and then go through graduate school, you will need $95,000 at end of each of the next 8 years. Your Aunt
VARVARA [1.3K]

Answer:

PMT = $95,000

Rate = 4%

Life = 8 years

a. Amount to be deposited today

= PV(Rate, N, -PMT)

= PV(4%, 8, -95,000)

= $639,610.76

b. Amount in account after 3rd withdrawal

= PV(Rate, N, -PMT)

= PV(4%, 5, -95,000)

= $422,913.12

c. Balance in account after 8th withdrawal

= = PV(Rate, N, -PMT)

= PV(4%, 0, -95,000)

= $0

d. How much would you have at the end of 8 years?

= FV(4%, 8, -639610.76)

= $875,351.49

5 0
3 years ago
The responsibility report for the Augusta Division shows budgeted contribution margin of $2,000,000 and budgeted controllable fi
Mumz [18]

Answer:

D) is 20% above expectations.

Explanation:

The Augusta Division was supposed to earn a net profit of $1,000,000 (= $2,000,000 - $1,000,000). Since the division's manager and his/her team were able to cut reduce fixed costs to $900,000 and increase contribution margin to $2,100,000 (either by increasing selling price or reducing variable costs), then the division earned a net profit of $1,200,000 (= $2,100,000 - $900,000). This net profit is 20% higher than expected, therefore the manager's (and his/her team's) overall performance was 20% above expectations.

5 0
3 years ago
In a repeated​ game, deterring entry A. is not a rational strategy if money is lost fighting the first potential entrant. B. can
sertanlavr [38]

Answer:

D. May require losing money fighting the first potential entrant.

Explanation:

In this form of gaming, or in this game theory, it is said to be played over and over and could possible be in a probability form that is why that possibly, as a player, you may require loosing money fighting the first potential entrant.

Fighting the first entrant, possibility of cooperating means that their could be a possible compromise in order to carry on accepting a payoff over a certain period of time, knowing that if we do not uphold our end of the deal, our opponent may decide not to either.

3 0
3 years ago
Shmenson Company uses the periodic inventory system. Sales for 2020 were $470,000 while operating expenses were $175,000. Beginn
jeka94

Answer:

The net income  for 2020 was $90,000

Explanation:

Shmenson Company

Income Statement for the year ended 2020

Sales                                                                             $470,000

Less Cost of Sales

Beginning Inventories                           $70,000

Add Net purchases                              $180,000

Add Freight In                                         $15,000

Less Ending Inventories                      ($60,000)     ($205,000)

Gross Profit                                                                  $265,000

Less Expenses

Operating expenses                                                   ($175,000)

Net Income                                                                    $90,000

Conclusion

Thus, the net income  for 2020 was $90,000.

8 0
2 years ago
Which of the following generalizations about services is INCORRECT? options: Service facilities must be designed for good custom
ipn [44]

Answer:

Service facilities must be located close to suppliers and laborers.

Explanation:

Services, unlike products, are intangible and are not produced or delivered the same way as products are.

<u>While production facilities for products, should be located close to suppliers and laborers, this is not the case with service facilities.</u>

8 0
3 years ago
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