Answer: Option C
Explanation: As per the subject matter of behavioral economics, endowment effect refers top the phenomenon under which it is assumed that a rational individual will retain a commodity he or she already owns rather than acquiring the same commodity if he do not own it.
Hence from the above we can conclude that correct option is C as it states that one will not sell a painting even though at a price that the holder would pay to purchase it himself.
Answer:
d) $2,377 millions.
Explanation:
Total of Assets comprises the sum of Current Assets and Non Current Assets. Current Assets are assets of a short term nature not exceeding 12 months and Non - Current Assets are assets of a long term nature, exceeding 12 months.
In the Balance Sheet, some assets are presented at their net amounts. Property Plant and Equipment is presented net of accumulated depreciation. Trade Receivables are presented net of allowances for uncollectable amounts.
Therefore,
Total Assets Calculation :
$ millions
Accounts receivable-trade 699
Building and equipment 930
Cash-checking 40
Interest receivable 34
Inventory 25
Land 166
Notes receivable (long-term) 484
Petty cash fund 7
Prepaid rent 28
Supplies 8
Trademark 49
Accumulated depreciation (75)
Allowance for uncollectible accounts (18)
Total Assets 2,377
Answer:
$281.67
Explanation:
Data provided in the question:
Current selling price of large TV = $380
Cost of Large TV = $310
Selling price of new TV = $340
Increase in sales = 20% = 0.20
Current sales = $150,000
Now,
Expected sales after reducing the price = Current sales + Increase in sales
= 150,000 + ( 0.20 × 150,000 )
= 150,000 + 30,000
= 180,000
Target Operating income = ( $380 - $310 ) × current sales
= $70 × 150,000
= $10,500,000
New operating cost per unit
= Target Operating income ÷ Expected sales after reducing the price
= $10,500,000 ÷ 180,000
or
New operating cost per unit = $58.33
Target Cost
= Price after reduction - New operating cost per unit
= $340 - $58.33
= $281.67
Answer: answer number 2
Explanation: it is the number answer 2 because you first open it then date stamp it and sort then distribute
