1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slavikrds [6]
3 years ago
11

Nathan wants to buy a sweatshirt and is trying to determine the better buy. He has a 3030​% coupon for the​ in-store purchase. T

he store charges ​$3838 for the sweatshirt he wants.​ However, he found the same sweatshirt online for ​$3434 and gets 2525​% off as a​ first-time buyer. There are no shipping charges. Which is the better​ buy? By how​ much? Use the Polya problem solving method to solve this problem.
Business
1 answer:
slava [35]3 years ago
4 0

Answer:

It is better online, for 1.1 dollars

Explanation:

Do you understand all the words used in stating the problem?

Yes.

What are you asked to find or show?

The differnece in price bewtween the store T-shirt and the On-line T-shirt

Can you restate the problem in your own words?

Nathan can purchase a Tshirt by $38 with 30% discount or $34 with 25% discount. Which is the cheapest option?

Is there enough information to enable you to find a solution?

Yes, we have the list price for both T-shirt and the discount on each one.

<u>Devise a plan:</u>

<u>Use a formula</u>

list price less discount = net cost

<u>We will calculate the net cost for the T-shirt</u>

<em>in-store purchase scenario</em>

$38 - 30% coupon = 26.6 dollars

<em>on-line purchase scenario</em>

$34 - 25% off = 25,5‬ dollars

<u>The difference will be:</u>

$26.6 - $25.5 = 1.1 dollar in favor of the online purchase

You might be interested in
Which component within a corporation elects the board of directors?
dmitriy555 [2]

Answer:

A. shareholders

Explanation:

i took the quiz sorry i did not do it sooner

3 0
2 years ago
A firm has net income of $197,400, a return on assets of 8.4 percent, and a debt-equity ratio of .72. What is the return on equi
Karolina [17]

Answer:

C 14.45

Explanation:

Return on equity = .084 ×(1 + .72) = .1445, or 14.45 percent

8 0
2 years ago
Sam wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacatio
KATRIN_1 [288]

Answer: Unit of account; Store of value; Medium of exchange.

Explanation:

Sam can easily know that the price of the computer system is more than the price of the vacation. This is a Unit of Account.

Unit of account is measuring of the value of a product against another in terms of a specific currency.

Sam has $1,537 in his checking account. This is a Store of value.

Store of value means an asset or money can be saved and retrieved at a later time, for future use.

Sam writes a check for $1,299 is a medium of exchange.

Medium of exchange is used to facilitate trade between parties. He exchanged money for the computer.

5 0
3 years ago
Which of the following is NOT an advantage of budgeting?
Mama L [17]

Answer:

a.It provides organizational independence.

Explanation:

Budget is a statement of income and expenditure of a certain period. Budgets are useful for forecasting the operating activities and financial position of a business enterprise and it ensures good business practice because they plan for future.

Organizational independence is a state in which an organization is not vulnerable for personnel turnover. Independent Organizations are normally mon profits or non government organizations and they are defined to be a collection of people who to pursue a charitable goal be it local, national or global level. Budgeting is applicable on dependent organizations instead of independent Organizations.

7 0
3 years ago
Board Company has a foreign subsidiary that began operations at the start of 2017 with assets of 155,000 kites (the local curren
vovikov84 [41]

Answer:

a. The Board would report translation adjustment of <u>-$3,138</u>.

b. See the journal entries and explanation below.

c. Net translation adjustment is <u>-$1,138.</u>

Explanation:

a. Assume that the kite is this subsidiary's functional currency. What translation adjustment would Board report for the year 2017?

Note: See the attached file for the calculation of translation adjustment.

The board would report a negative (debit) translation adjustment of $3,138. That is,

Translation adjustment = -$3,138

b. Assume that on October 1,2017, Board entered into a forward exchange contract to hedge the net investment in this subsidiary. On that date, Board agreed to sell 200,000 kites in three months at a forward exchange rate of $0.76/1 kite. Prepare the journal entries required by this forward contract.

Board Company

Journal Entries

<u>Date            Account titles and Explanation         Debit ($)        Credit ($)  </u>

<u>01 Oct 17     (</u><em><u>No entry) </u></em><u>                                                                                    </u>

12 Dec 17     Forward contract                                   2,000

                     Translation adjustment (positive) (w.1)                    2,000

<em><u>              (To record forward contract change in the value to adjust translation adjustment.) </u></em><u>    </u>

12 Dec 17       Foreign currency (kites) (w.2)           152,000

                        Cash                                                                       152,000

<em><u>                       (To record 200,000 kites purchased at the spot rate of $0.76) </u></em>

12 Dec 17       Cash                                                  154,000

                         Foreign Currency (kites)                                      152,000

                         Forward contract                                                     2,000

<em><u>                          (To record 200,000 kites delivered, $154,000 received, and close the forward contract account.) </u></em>

Workings:

w.1: Translation adjustment = Number of kites agreed to sell in three months * (Agreed exchange rate on October 1, 2017 per kite - Exchange rate on December 1, 2017) = 200,000 * (0.76 - 0.75) = $2,000

w.2: Foreign Currency (kites) = Number of kites agreed to sell in three months * Agreed exchange rate on October 1, 2017 per kite = 200,000 * 0.76 = $152,000

c. Compute the net translation adjustment for Board to report in Accumulated Other Comprehensive Income for the year 2017 under this second set of circumstances.

This can be calculated as follows:

Net translation adjustment = Negative translation adjustment in part a + Positive translation adjustment in part b (i.e. w.1) = -$3,138 + 2,000 = -$1,138

Therefore, net translation adjustment is <u>-$1,138.</u>

Download xlsx
8 0
3 years ago
Other questions:
  • Vision is all of the following except
    9·2 answers
  • Coca-Cola acquired its bottlers and created a national vertically integrated business operation in 2010. After spending 12.3 bil
    6·1 answer
  • Describe an example of an equity investment that can also produce income. (1-3 sentences)
    14·1 answer
  • The net present value: Multiple Choice decreases as the required rate of return increases. is equal to the initial investment wh
    12·1 answer
  • Overton Company has gathered the following information. Units in beginning work in process 21,400 Units started into production
    13·1 answer
  • Under the _____, employers can be liable for current pay differences that are a result of discrimination that occurred many year
    10·1 answer
  • Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the followin
    9·1 answer
  • Shelly purchases a leather purse for $400. One can infer that:
    15·1 answer
  • Assume an after-tax savings interest rate of 7 percent and a tax rate of 28 percent. (a) Calculate the total rental cost and tot
    9·1 answer
  • Marko, Inc., is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $6,100, $11,100, and
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!