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jekas [21]
3 years ago
5

Complete the following table by indicating whether or not each scenario is an example of price discrimination.

Business
1 answer:
Monica [59]3 years ago
8 0

Answer: yes; no

Explanation:

Price discrimination is an exploitative  selling strategy that  sellers use to try to charge their customers on  different prices for the same product or service.

Last-minute "rush" tickets can be purchased for most Broadway theater shows at a discounted price. They are typically distributed via lottery or on a first-come, first-served basis a few hours before the show. Assume that the theater in question does not hold seats in reserve for this purpose, but rather offers rush tickets only for seats not sold before the day of the performance......... YES PRICE DISCRIMINATION OCCURS

---.>In this case, the groups are  segmented into those who paid earlier at normal price and those who paid in relation to the rush at discounted price, A case  price discrimination arises because the  people who  have paid more than others for a same show, would not be reserved seats which means that  the product was same for the two type of consumers but not the same price

Horizon Wireless offers various features "à la carte" that a customer may add to his or her calling plan, such as a text messaging package, a data package, and an Internet package. NO PRICE DISCRIMINATION

---->This is because Because Horizon Wireless is offering the different features  with  a la carte pricing, where every customer is subject to the same pricing irrespective  of his or her calling plan.

If the price of a data  package or internet  were different for a customer with a more expensive calling plan, then Horizon Wireless might be attempting to identify thier different consumer types and try to  exploit the differences in their willingness to pay.

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Alpaca Corporation had revenues of $290,000 in its first year of operations. The company has not collected on $18,600 of its sal
Kitty [74]

Answer:

$118,860

Explanation:

Gross Margin:

= Revenue - Cost of Goods Sold

= $290,000 - $100,000

= $190,000

Profit before tax:

= Gross Margin - Salaries - Insurance payment - Interest

= $190,000 - $12,000 - $3,600 - $4,600

= $169,800

Insurance payment: Only half of 2-year payment of 7,200 is relevant for this year.

Net Income:

= Profit before tax - Tax at 30%

= $169,800 - (30% × $169,800)

= $169,800 - $50,940

= $118,860

8 0
2 years ago
Wilturner Company incurs $90,000 of labor related directly to the product in the Assembly Department, $39,000 of labor related t
Marina CMI [18]

Answer:

Wilturner Company

The journal entries to record the labor for the Assembly Department would include:

Debit Work in Process $155,000

Credit Direct labor $90,000

Credit Variable factory overhead $39,000

Credit Fixed factory overhead $26,000

To record the direct and indirect labor costs of the assembly department.

Explanation:

a) Data and Analysis:

Direct labor $90,000

Variable overhead (labor) $39,000

Fixed overhead (labor) $26,000

b) The direct labor cost = $90,000 and Factory overhead costs = $65,000 ($39,000 + $26,000)

7 0
2 years ago
Use the following information to determine the break-even point in units (rounded to the nearest whole unit):
denis23 [38]

Answer:

29,771 units

Explanation:

The break-even indicates the number of units that you have to sell to cover your costs. The break-even point is calculated by using the formula:

Break-even point in units= Fixed costs/(selling price per unit-variable cost per unit)

Break-even point in units= $195,000/($14.95-$8.40)

Break-even point in units= $195,000/$6.55

Break-even point in units= 29,771 units

The break-even point in units is 29,771.

4 0
3 years ago
The rule of supply and demand applies to all careers.<br> O True<br> O False
Sergio039 [100]

Answer:

True

Explanation:) hope this helps

Supply and demand affect career wages. A job that is in demand is a job with a good outlook. Everyone should try to be an NFL quarterback because they earn so much money.

6 0
1 year ago
Newberry, Inc., whose reporting currency is the U.S. dollar ($), has a subsidiary in Argentina, whose functional currency also i
Mnenie [13.5K]

Answer:

1. $46,000

2.$46,000

Explanation:

According to the scenario, computation of the given data are as follows,

Inventory price = 230,000 pesos

1. Consolidated balance sheet amount = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

2. Consolidated statement cost of goods sold for the year ending December 31, 2018  = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

3 0
3 years ago
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