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Kay [80]
3 years ago
5

Time preference is: a. the purchase of new capital goods. b. a sophisticated IOU that documents who owes how much and when payme

nt must be made. c. income that is not spent on consumption goods. d. the desire to have goods and services sooner rather than later (all other things being equal).
Business
2 answers:
kirill [66]3 years ago
7 0

Answer:

D. the desire to have goods and services sooner rather than later (all other things being equal).

Explanation:

The time preference talks about the placing relative value on goods received at an earlier date compared with receiving that particular goods at a later date. It is the assumption that people prefer a given goods or services be delivered sooner rather than later all things being equal. It occurs when a person focus on having a good sooner rather than later.

kvasek [131]3 years ago
3 0

Answer:

D) the desire to have goods and services sooner rather than later (all other things being equal).

Explanation:

In economics, time preference refers to the value businesses and individuals give to money and other assets in time. The value of money and other assets changes over time, e.g. one dollar today is worth more than one dollar tomorrow. The same applies to other assets, customers assign them a different value depending on when they get them. For example, if you want to purchase a hamburger because you feel hungry, it is not the same to be able to purchase a hamburger right away, than to have to wait four hours before receiving one. Or a girl that wants to purchase a dress for her prom dance will assign a higher value to dresses that are readily available instead of having to wait a couple of months in order t receive them.  

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The following labor standards have been established for a particular product:Standard labor-hours per unit of output 9.0hoursSta
harkovskaia [24]

Answer:

Direct labor rate variance= $69,579 unfavorable

Explanation:

Giving the following information:

Standard labor-hours per unit of output 9.0 hours

Standard labor rate= $15.10 per hour

Actual hours worked= 8,100 hours

Actual total labor cost= $191,880

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 191,880/8,100= $23.69 per hour

Direct labor rate variance= (15.10 - 23.69)*8,100

Direct labor rate variance= $69,579 unfavorable

3 0
3 years ago
Scout Company sold $15.000 of merchandise in September with a three-month warranty. The cost to repair defects under warranty is
chubhunter [2.5K]

Answer: debit to Product Warranty Expense for $750

Explanation: 5% of $15000 =

5 ÷ 100 × $15000 is $750.

This is an expense and so will be a debit.

8 0
2 years ago
If terry's total utility is maximized when he owns 10 pairs of shoes, then terry's total utility from owning 7 pairs of shoes is
Aleks [24]

If terry's total utility is maximized when he owns 10 pairs of shoes, then terry's total utility from owning 7 pairs of shoes is less than terry's total utility from owning 8 pairs.

The benefit that a person receives from consuming all of a given commodity's units at once or over time is referred to as their total utility.

In other terms, total utility is the overall satisfaction attained through the consumption of numerous units of commodities and services. Every unit of a commodity has a marginal utility, which is a benefit gained from consuming an extra unit. The total utility is the total of all these marginal benefits.

The consumer tries to consume various combinations of products and services within the available restricted resources (money) in order to optimise his overall utility. Generally speaking, individuals try to get the most out of the money they spend on goods and services.

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1 year ago
What is the current value of a zero-coupon bond that pays a face value of $1,000 at maturity in 7 years if the appropriate disco
zvonat [6]

The current value of a zero-coupon bond is $481.658412.

<h3>What is a zero-coupon bond?</h3>
  • A zero coupon bond (also known as a discount bond or deep discount bond) is one in which the face value is repaid at maturity.
  • That definition assumes that money has a positive time value.
  • It does not make periodic interest payments or has so-called coupons, hence the term zero coupon bond.
  • When the bond matures, the investor receives the par (or face) value.
  • Zero-coupon bonds include US Treasury bills, US savings bonds, long-term zero-coupon bonds, and any type of coupon bond that has had its coupons removed.
  • The terms zero coupon and deep discount bonds are used interchangeably.

To find the current value of a zero-coupon bond:

First, divide 11 percent by 100 to get 0.11.

  • 11%/100 = 0.11

Second, add 1 to 0.11 to get 1.11.

  • 1 + 0.11 = 1.11

Third, raise 1.11 to the seventh power to get 2.07616015.

  • 1.11⁷ = 2.07616015

Divide the face value of $1,000 by 1.2653 to find that the price to pay for the zero-coupon bond is $481.658412.

  • $1,000/1.2653 = $481.658412

Therefore, the current value of a zero-coupon bond is $481.658412.

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Individual activities and their durations are developed during the ________ phase of the project life cycle.
salantis [7]

Individual activities and their durations are developed during the planning phase of the project life cycle.

<h3>What is a business plan?</h3>
  • A business plan is a document that outlines a company's primary business operations and how it intends to accomplish its objectives.
  • Business plans are used by startup enterprises to gain traction and draw in outside investors.
  • An executive team can utilize a business plan as an internal roadmap to maintain focus on and progress toward short- and long-term goals.
  • Businesses may write a typical business plan that is longer or a lean startup plan that is shorter.
  • An executive summary, sections on products and services, marketing strategy and analysis, financial planning, and a budget should all be included in good business plans.

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