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
bekas [8.4K]
3 years ago
5

Peter has $50 to buy towels. The store has two brands: one set costing $30 and another set, of nicer quality, costing $45. He de

cides to buy the more expensive towels. The reason Peter might make this decision is because he _____.
Business
1 answer:
never [62]3 years ago
7 0
<span><span>He already plans to spend $50 to buy towels and since both sets of towels cost less than $50 he decided to go with the better quality yet more expensive set of towels.</span>
</span>
You might be interested in
Mervon Company has two operating departments: Mixing and Bottling. Mixing occupies 26,220 square feet. Bottling occupies 17,480
nordsb [41]

Answer and Explanation:

Given:

Mixing department occupies = 26,220 square feet

Bottling department occupies = 17,480 square feet.

Total maintenance costs = $204,000

Computation of total area:

Total area = (26,220 + 17,480) square feet

Total area = 43,700 square feet

Computation of mixing department maintenance costs:

Mixing department maintenance costs = Total maintenance costs(Mixing department area / Total area)

Mixing department maintenance costs = $204,000(26,220 / 43,700)

Mixing department maintenance costs = $204,000(0.6)

Mixing department maintenance costs = $122,400

Computation of bottling department maintenance costs:

Bottling department maintenance costs = Total maintenance costs(Bottling department area / Total area)

Bottling department maintenance costs = $204,000(17,480 / 43,700)

Bottling department maintenance costs = $204,000(0.4)

Bottling department maintenance costs = $81,600

5 0
3 years ago
You have $2,000 today in your savings account. How long must you wait for your savings to be worth $4,500 if you are earning 1.2
Alenkasestr [34]

Answer:

n= 65.27 years

Explanation:

Giving the following information:

Present value (PV)= $2,000

Future value (FV)= $4,500

Interes rate (i)= 1.25% annual compounding

<u>To calculate the number of years required to reach the objective, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)

n= ln(4,500 / 2,000) / ln(1.0125)

n= 65.27 years

3 0
3 years ago
Quick assets include which of the following? Multiple Choice Market securities, receivables, and inventories. Cash, marketable s
just olya [345]

Answer:

The correct answer is letter "C": Cash, marketable securities, and receivables.

Explanation:

The quick assets of a company can easily be converted into cash. Quick assets include <em>cash, account receivables, </em>and<em> marketable securities</em>, which are equity and debt securities that can be converted into cash within one year. To calculate the company's quick assets add its cash, account receivables, and marketable securities and subtract its inventory from that result.

8 0
3 years ago
Oriole Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 390 $6
rewona [7]

Answer:

Cost of goods available for sale = $12,480

Explanation:

<em>The cost of goods available for sale is the sum of the value of the opening inventory plus the cost of new purchase. The cost of new purchase would include carriage inward cost if any.</em>

<em>For Oriole company , the cost of goods available for sale would be computed as follows:</em>

                                                                           $

Opening inventory                                            2,340

Purchases

June 12                5,460

June 23               <u> 4,680 </u>                                 <u> 10,140</u>

Cost of goods available for sale                     <u>12,480</u>

<em>Note that the sales made are not relevant for the purpose of determining the cost of goods available for sale. Also, the closing inventory would have been deducted from the cost of goods available for sale to arrive at the cost of goods sold should the question require it.</em>

7 0
3 years ago
A firm engages in a new type of financial transaction that has a material effect on its earnings. An analyst should most likely
slega [8]

Answer:

management has not explained its business purpose

Explanation:

Since in the question it is mentioned that the firm is engaged in the new financial transaction that contains the material impact on the earnings so this represents that it could be come under the pre existed accounting standards.

Also everyone should be aware of the business purpose plus it is not established for changing off the financial statements

So it would be suspicious because the purpose of the business could not be explained

4 0
3 years ago
Other questions:
  • Jenny runs a small boutique in New Orleans and has five employees working under her. Lately, she has noticed that her boutique h
    15·1 answer
  • Myriad Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $320 million on January 1, 2018, for $283,294,7
    14·1 answer
  • Which of the following is not an example of risk factors for a multinational company?
    13·1 answer
  • Anne-Marie Cole runs the sales division for a local auto insurance firm. One of her key duties is to calculate her company's mar
    14·1 answer
  • The formula Nequalspplus0.02p models the new​ population, N, of a town with current population p if the town is expecting popula
    11·1 answer
  • ​(Individual or component costs of​ capital) Compute the cost of capital for the firm for the​ following: a. A bond that has a ​
    7·1 answer
  • The market for laundry detergents in a country has several​ players, each with a slightly differentiated product. Squeaky Clean​
    10·1 answer
  • What should a consumer consider when deciding whether to purchase health insurance?
    6·2 answers
  • A company's value-creating activities can offer a competitive advantage in one of these ways. a. contribute to greater efficienc
    11·1 answer
  • Suppose the government cuts taxes to keep the economy's cyclically adjusted budget in balance when the economy is expanding. The
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!