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ExtremeBDS [4]
3 years ago
11

Suppose that the price of a bottle of soda is $1 each. Larry is willingto pay $2 for the first bottle, Alan is willing to pay $1

.50 for thesecond bottle, Ryan is willing to pay $1.25 for the third bottle, andHolly is willing to pay $0.75 for the fourth bottle. What is the totalconsumer surplus from the consumption of soda?
a. $6.50
b. $5.50
c. $2.75
d. $1.75
Business
1 answer:
gayaneshka [121]3 years ago
4 0

Answer:

The answer is: D) $1.75

Explanation:

Consumer surplus is the difference between the maximum price that a consumer is willing to pay for a good and the actual price paid for the good.

Larry, Alan and Ryan were all willing to pay more for a bottle of soda than the actual price of the soda.

  • Larry's consumer surplus = $2 - $1 = $1
  • Alan's consumer surplus = $1.50 - $1 = $0.50
  • Ryan's consumer surplus = $1.25 - $1 = $0.25

The total consumer surplus is $1 + $0.50 + $0.25 = $1.75

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Explanation:

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Answer:

a. 15 times

b. 24.3 days

Explanation:

The computation is shown below:

a. Accounts receivable turnover

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Answer:

The correct option is;

B. Companies use GAAP when preparing financial statements

Explanation:

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GAAP comprises of the generally accepted accounting records reporting and recording methods as well as policy board standards of accounting procedures.

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Answer:

B. We strive to be the worldwide leader in sharing delicious tastes and creating joyful memories

Explanation:

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While on the other hand the vision statement refers to position of the company in the future. It is always for the long term as it is always thinking for the future where the company what to be.

Based on the above explanation, the option B is correct as it depicts the mission statement.

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