Answer:
Play miniature golf instead of renting the movie.
Explanation: Marginal utility is the added satisfaction derived from spending an extra unit of money.
Now we can see that the consumer values time at $12 per hour, and they'll spend a total of $24 on watching the DVD because this will take 2 hours, the consumer will also spend just $12 on miniature golf because this takes just one hour.
Now factoring the costs of the DVD and the miniature golf into the equation, we have:
Total cost of renting and watching the DVD:
$4 + $24 = $28
Total cost of playing miniature golf:
$13 + $12 = $25
We can see that the consumer will spend less in playing miniature, while getting the same marginal utility with the other option.
Answer:
1. Journal entries are quicker and more comfortable in the manual accounting
2. Posting is easier in computer software-based accounting
3. Trial balance adjustment in manual accounting is tricky. However, a lengthy process may pose a challenge for computerized accounting.
4. Financial statements are more straightforward in software-based accounting than manual accounting
Explanation:
The introduction of accounting software such as QuickBooks has transformed the working for accounting professionals. The conventional accounting system replacement has made the job more comfortable. However, there are new challenges added, such as learning the software, making error-free inputs, and pace of computer-related entries. However, considering that once these skills are learned, the overall job is easier than before.
1. Journal entries in manual are made quicker, and errors can be rectified. However, entries are linked automatically to their respective ledgers that solve the challenges with compound entries
2. Posting is simpler in software as the general ledger is created on a single click. Manual posting requires time and efforts
3. Adjusted entries need to manual input in conventional method to create the adjusted trial balance whereas, in software, its added through adjusting journal entries.
4. Financial statements are much more straightforward in software as they are available on one click, whereas in manual accounting, they are required to be calculated.
Answer:
correct option is $38.21
Explanation:
given data
stock price = $100
stock price = either $160 or $60
interest rate = 6%
exercise price = $135
solution
we get here Hedge ratio that is express as
Hedge ratio = (Pay off in case price appreciates - Pay off in case price depreciates) ÷ (Appreciated price - Depreciated price) ..................1
put here value we get
Hedge ratio = ( Max [$135 - $160, $0] - Max[$135 - $60, $0]) ÷ ($160 - $60)
Hedge ratio = 
Hedge ratio = - 0.75
so here Price of Put option is
Price of Put option = -Hedge ratio × {Appreciated price ÷ (1 + risk free rate) - Present stock price}
Price of Put option = -(-0.75) × 
Price of Put option = $38.21
so here correct option is $38.21
Answer:
A. $1,659
B. $910
C. $2,700
Explanation:
Calculation to determine Brenda's deduction
a. Airfare= (70% × $2,370)
Airfare=$1,659
b. Meals=[(260/2)*7
Meals=$910
c. Lodging= [540*5]
Lodging=$2,700
Therefore Brenda's deductions are :
Airfare $1,659
Meals $910
Lodging $2,700
Answer:
Product or service differentiation competitive advantage
Explanation:
Product or service differentiation is the procedure of distinguishing the service or the product from others in order to make the product or service more attractive for a specific target market.
And Product or service differentiation is a competitive advantage which is tactic of strategic positioning for an business or firm could undertake in order to set its services or products and the brands apart from those of the others.
So, offering the target market which is unique or different by offering lower price than the others or competitors are known as product or service differentiation competitive advantage.
