Answer: Psychological
Explanation: A consumers intention to buy the product doesn't always lead to the actual purchase. There are various factors which needs to be considered. Psychological, substitution effect, the need of the product.
Gabbie will look for two things while purchasing the fight ticket, as she is not a morning person , she will prefer a flight in the afternoon or an evening or a night flight. And she would specifically look for a flight with WIFI. So this is psychological effect which influences the decision of Gabbie.
Answer:
Cost of good sold is $203,150.
Explanation:
Sheridan Company cost of goods sold section (periodic system) for the year ending August 31, 2022
Details $ $
Beginning Inventory 24,230
Purchases 200,300
Freight-In 8,530
Purchase Returns and Allowances <u> (8,210) </u>
Net purchases <u> 200,620 </u>
Cost of goods available for sales 224,850
Ending inventory <u> (21,700) </u>
Cost of good sold <u>203,150 </u>
Answer:
The financial advantage (disadvantage) from further processing is $0.40.
Explanation:
Compute the financial advantage (disadvantage) of further processing of T-bone into filet mignon and New York cut steaks using the equation as shown below:
Financial advantage = Total sales from further processing −
Sale revenue lost of one T−bone − Cost of further processing
=$8.90−$7.95−$0.55
=$0.40
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Hence, the financial advantage (disadvantage) of further processing of T-bone into filet mignon and New York cut steaks is $0.40.
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Working Notes:
Compute the total sales from further processing using the equation as shown below:
Sales from further processing = One Fileted Mignon + New York Cut
=$4.50+$4.40
=$8.90
Hence, the total sale from further processing is $8.90.
Compute the Sales revenue from one fileted mignon after further processing using the equation as shown below:
One Fileted Migon = (Selling price per filet mignon×Yeild per ounce / Size of one T−bone steak
)
= $12×6 ounce / 16 ounce
=$4.50
Hence, the sales revenue from one fileted mignon after further processing is $4.50.
Compute the Sales revenue from one New York cut after further processing using the equation as shown below:
New York cut = (Selling price per New York cut × Yeild per ounce / Size of one T−bone steak
)
= $8.8×8ounce / 16 ounce
=$4.40
Answer:
The correct answer is option D.
Explanation:
An increase in the demand for Japanese yen will cause the demand curve for yen to shift to the right, indicating an increase in the demand for yen in the US market.
An increase in the inflation rate in US as compared to japan will cause the price of the products in US to increase relatively. The consumers will prefer to purchase cheaper substitutes from Japan. They will need Japanese yen to pay for imports. This will cause the demand for yen to increase.
A higher real interest rate in Japan will attract capital inflows from the US, this will also cause the demand for yen and supply of US dollars to increase.
If the popularity of japanese products increases in the US, the consumers will import more of them. As a result, they will need more yen to pay for imports. The demand for yen will increase.
Answer:
an inflationary increase in the price level.
Explanation:
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country.
In order to boost economic growth, a monetary policy is implemented to increase money supply (liquidity). Also, it is used to prevent inflation by reducing money supply.
An inflationary gap, also referred to as an expansionary gap in economics, is typically used for measuring the difference between the gross domestic product (GDP) and the current level of Real Gross Domestic Products that exists when a country's economy is gauged at a full employment rate. Consequently, this situation causes the price of goods and services to go up with a low income level among the people living in the country.
A budget deficit is the amount by which spending exceeds income.
All other factors held constant or all things being equal (ceteris paribus), an increase in government's budget deficit drives the interest rate up.
Generally, when there's a deficit in government budget, they resort to issuing more bonds or borrowing money from creditors. These creditors are likely to be sceptical about the government's ability to repay the debt and as such would increase the interest rate.
Hence, an inflationary increase in the price level of goods and services is not much of a danger if the U.S. economy is producing at a level that is substantially less than potential gross domestic product (GDP) and the aggregate demand is being increased by government's budget deficits.