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
9966 [12]
3 years ago
9

You have just won a contest where the prize is either a new motorcycle, with an MSRP of $30000, or $20000 in cash. You do not ha

ve a motorcycle license, nor do you plan on getting one. You estimate you could sell the motorcycle for $25000. Which prize should you choose, and what is the value of that option using the valuation principle
Business
1 answer:
Vilka [71]3 years ago
4 0

Answer: The motorcycle because you can sell it for more cash than the cash prize option. Value = $25000 (the price you can sell it for.)

Explanation:

Based on the scenario in the question, we've been given three options which are a new motorcycle, with an MSRP of $30000, or $20000 in cash.

The manufacturer's suggested retail price (MSRP) is simply the price that the producer of a product recommends ifor the product to be sold in retail stores.

Based on the scenario, the best option will be to choose the motorcycle. This is because it can sold for an amount that is not than the cash prize option of $20,000 since the motorcycle is valued at $25000.

You might be interested in
BruceCo is planning on selling backpacks for $100 each. The company can buy the backpacks for $30.00 and have them customized fo
Evgen [1.6K]

Answer: BruceCo would have to sell 220 backpacks

Explanation: The projection of a $10,000 profit can be calculated properly by the equation;

Revenue - Cost = Profit

There is a one-time set up charge of 1000 and this is a fixed cost (as it does not change regardless of how many units they eventually sell). Also they would be spending $30 to buy each unit and still spend $20 to customize each. So each unit would cost $50 to acquire. If they plan on selling each unit at the rate of $100, then the total revenue would be 100 times X (where X is the number of units sold). Therefore the profit can be better projected by the equation;

Revenue - Cost = Profit

100X - (50X + 1000) = 10000

100X -50X - 1000 = 10000

50X = 10000 + 1000

50X = 11000

Divide both sides of the equation by 50

X = 220

Therefore, BruceCo must sell 220 units (at least) in order to meet a $10,000 profit projection

4 0
2 years ago
For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $1,200 for six months of insurance c
kenny6666 [7]

Answer:

Explanation:

The adjusting entries are shown below:

1. Insurance expense A/c Dr $1,200

         To Prepaid insurance A/c             $1,200

(Being prepaid insurance is adjusted)

2. Supplies expense A/c Dr $6,200

        To supplies A/c                             $6,200

(Being supplies adjusted)

The supplies at the end of the year is computed below:

= Supplies account balance + purchase of supplies - available  supplies

= $5,000 + $2,000 - $800

= $6,200

5 0
2 years ago
Which of the following four companies will have the lowest carrying value on their bonds if they decide to redeem their bonds be
Dennis_Churaev [7]

Answer:

C) Company 1 sold their bonds at 94 and redeemed them at 106.

Explanation:

The face value of bond issued in 4 companies are same, then it's clearly that the company 1 will have the lowest carrying value on their bonds because they sold at lowest price but buy back (redeem) at highest prices.

6 0
3 years ago
You work for Emerita's Pizzeria and have been given the task of looking at company goals and deciding how the goals will be acco
Vesna [10]

The plans that must be involved are the strategic planning, the mid level, the low level, the operational planning, the top level planning.

Explanation:

In the strategic planning the company's stakeholders will ask them were they want their company to be in five years

The middle level staff will decide to focus in recruiting the new clients and to increase the productivity and they will find the way to give back to the company

Being a low level employee it is necessary that one must interact with the customers and contribute to the company's performance

In the operational planning it will be difficult to manage the customers  meet their day to day needs and satisfy them

A meeting will be held with the top level staff and hence they will be coming up with the new tools of the operational planning

3 0
2 years ago
Suppose the price of a pound of flax seed in west virginia is currently $1.00. the law of one price suggests that because the pr
Reptile [31]

Answer:

It will be between $1.00 and $ 1,20

Explanation:

Solution

Given:

From the given question, the price of a flax seed in west Virginia is presently at $1.00

From the law of one price states that since the price of a pound of flax seed is $1.20 in Kentucky,

Then,

The price of a flax seed pound will be between 1.20 and 1.00

Therefore, the price of the flax seed in Kentucky as compared to that of west Virginia will be placed in between  prices of $1.20 and $1.00 after the supply by sellers in both market has been adjusted or raised.

6 0
3 years ago
Other questions:
  • Mark Ward is a farmer who owns land which borders on the right-of-way of the Northern Railroad. On August 10, 2007, due to the a
    15·1 answer
  • In modern corporations—especially those in the United States and the United Kingdom—a primary objective of corporate governance
    11·1 answer
  • Shen is interning to become a nurse. Mila is a very skilled and helpful nurse, but also very busy. Shen was glad to have the cha
    9·1 answer
  • Which of the following situations would be considered cyclical unemployment? Choose one or more: A. A typewriter repair shop clo
    8·1 answer
  • Is this the first time you have taken from the company? Is this the first time you have created an overdraft?"" These are exampl
    9·1 answer
  • This is an example of an?
    7·1 answer
  • Find an online news article related to tort law and write a 3 to 5 sentence response tying the article to at least one key conce
    10·1 answer
  • Gottschalk Company sponsors a defined benefit plan for its 100 employees. On January 1, 2020, the company's actuary provided the
    15·1 answer
  • 17. Which of the following is not a true statement
    13·1 answer
  • Dream House Builders, Inc. applies overhead by linking it to direct labor. At the start of the current period, management predic
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!