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sashaice [31]
3 years ago
12

A consumer downloads 4 movies and 3 apps per week. Suppose the price is $4 per movie and $4 per app, and the marginal utility th

is consumption level is 14 for a movie and 8 for an app. Calculate marginal utility per dollar. per movie per app
Business
1 answer:
maks197457 [2]3 years ago
8 0

Marginal utility will be calculated for movies by: 14/(4*4) which would mean 0.875 utils per dollar per movie. Whereas, for apps, it would be: 8/(3*4) which would mean utils per dollar per app to be 0.667. Hence, movies tend to carry higher utility.

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Journalize the following transactions for Reed Company. Assume a perpetual inventory system. Also, assume a constant gross profi
igor_vitrenko [27]

Answer:

The Journal entries are as follows:

(i) On April 6,

Cash A/c Dr. $5,000

To Sales                     $5,000

(To record the cash sales )

(ii) On April 6,

Cost of goods sold A/c Dr. $3,000

To merchandise inventory               $3,000

(To record the cost of goods sold)

(iii) On April 12,

Sales return and Allowances A/c Dr. $630

To cash                                                          $630

(To record the sales return)

(iv) On April 12,

merchandise inventory A/c[(630 ÷ 5,000) × 3,000] Dr. $378

To cost of goods sold                                                                     $378

(To record the cost of sales return and allowances

4 0
3 years ago
PLEASE HELP ME ILL MAKE YOU BRAINLIEST
olganol [36]

Answer: i believe its Debt

Explanation:

5 0
3 years ago
Read 2 more answers
Which of the following journals would a company use to record cash collections from customers, net of discounts taken?
erastova [34]

Answer:

b. Cash receipts journal.

Explanation:

When cash will be collected from customers net of discounts cash receipts journal will be used.

As at time of sale customers account will be debited and at the time when the payments will be received cash receipts journal will be debited and customer's account will be credited and accordingly, since cash is received and specific it is, General Journal will not be affected, and cash disbursements journal will also not be affected.

Also, as there are no purchases purchase journal will also not be affected, and sales journal will be affected at time of sale but not at he time of receiving payments from customers.

Thus, correct answer is

b. Cash receipts journal.

6 0
2 years ago
__________ is the management function that involves determining whether an organization is progressing toward its goals, rewardi
IRISSAK [1]

Answer:

Controlling

Explanation:

One of the various responsibilities of a manager (management function) is controlling.

In the controlling function, which is usually preceded by other functions such as planning, staffing and leading, it is very important for a manager to control the activities of the subordinates to ensure that they are working towards organization goals, as well as rewarding employees for their good works and also putting them in check when they do not do a good job.

Cheers.

5 0
2 years ago
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $99,000; May, $129,000; and June, $139,000. P
Luba_88 [7]

Answer and Explanation:

The preparation of a schedule of budgeted cash payment for the three months i.e April, may and June is presented below:

Particulars                         April           May                June  

Purchase                          $99,000    $129,000        $139,000  

Payment made in

Latest Month (70%)       $69,300    $90,300          $97,300  

Payment made in

Next Month (30%)            $29,700     $38,700         $41,700  

                                    Cash Disbursements  

Particulars                        April             May                  June  

Payment made in  

Current Month (70%)      $69,300       $90,300          $97,300  

Add:

Last Month

Purchases       (30%)       $41,000        $29,700          $38,700  

Budgeted

Cash Payments                $110,300      $120,000        $136,000

3 0
3 years ago
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