Answer:
$924
Explanation:
The computation of the profit/loss is shown below:
= Sale - variable cost - fixed daily cost
where,
Sale = Selling price per room × Number of rooms sold
= $55 × 41 rooms
= $2,255
And, the variable cost would be
= Variable cost per room × Number of rooms sold
= $11 × 41 rooms
= $451
And, the fixed daily cost is $880
Now put these values to the above formula
So, the value would be equal to
= $2,255 - $451 - $880
= $924
Answer:
the answer B
Explanation:
using your debit card to pay groceries at the supermarket
On July 15, there is pending 6000 on the cash account.
Then on July 20, Cajon Co. returns the merchandise of 1000, so the pending cash decreases and now it is only 5000.
Afterwards, on July 24, Cajon paid for the merchandise. Since the credit terms is 2/10, 2 percent discount will be given if they paid within 10 days. So 5000 multiplied by . 02 = 100. 5000 - 100 = $4900 is the amount of cash received.
Answer:
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Explanation:
CPI does not fully account for such changes in consumer behavior is called
substitution bias
Explanation:
- When the price of gasoline rises, some consumers begin riding their bikes more frequently or riding the bus instead of driving their cars. The fact that the CPI does not fully account for such changes in consumer behavior is called substitution bias
- Substitution bias describes a possible bias in economic index numbers
- If the consumer behavior do not incorporate data on consumer expenditures going from relatively more expensive products to cheaper ones as prices will change.
- Substitution bias is the price of a products when the consumer basket increases substantially, consumers tend to substitute lesser priced alternatives.
- Substitution bias is a genuine problem with a price index. Consumers can substitute goods in response to price changes.
