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Marianna [84]
3 years ago
14

Sam is a retiree with considerable resources, so he doesn't really spend much time on purchase decisions. His belief is that the

most expensive brand is probably also the best in terms of quality. Sam uses price as a _____ indicator of quality.
Business
1 answer:
Luba_88 [7]3 years ago
4 0

Answer: completing the last sentence in question:

Sam uses price as a surrogate indicator of quality.

Explanation: From the question, Sam when making purchases, has a believe that the costlier goods posses more quality than other cheaper goods. Therefore he is indirectly taking price as a key indicator of quality or a replacement for quality.

You might be interested in
ased on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed
pickupchik [31]

Answer:

$142,000

Explanation:

Sales of 22,000 units

Total variable costs is $99,000

The fixed cost is 30,000

Operating income $36,000

Therefore budgeted amount for 20,000 units can be calculated as follows

= 99,000+30,000+36,000

= 156,000

The selling percentage is

=156,000/22,000

= 7.1

7.1× 20,000

= 142,000

Hence the bugected anou t for 30,000 units $142,000

4 0
3 years ago
WLC has outstanding accounts receivable totaling $6.5 million as of December 31 and sales on credit during the year of $24 milli
laila [671]

Answer:

$508,000

Explanation:

Outstanding Receivables as on Dec 31 = $6,500,000

    Required uncollectible receivables = 8% of $6,500,000 = $520,000

    Less Opening allowance for doubtful debts                         <u>$12,000 </u>

    Allowance to be recognized this year                                  <u>$508,000  </u>

3 0
3 years ago
Advances in wireless communication technology reduce the​ non-financial costs of long​ commutes: People who ride trains can get
emmainna [20.7K]

A. The total cost of commuting from any given distance to work will reduce because the indirect cost of the commute will fall.

B. The total cost of commuting from any given distance to work will increase because the indirect cost of the commute will rise.

C. The total cost of commuting from any given distance to work will reduce because the direct cost of the train ticket will fall.

D. The total cost of commuting from any given distance to work will increase because the direct cost of the train ticket will rise

Answer:

A. The total cost of commuting from any given distance to work will reduce because the indirect cost of the commute will fall

Explanation:

Technological advances in wireless communication technology, would reduce the indirect cost of long commutes from any given distance which would cause a reduction in the total cost of commuting, as a function of the effect of geographic area of cities. Direct cost of train ticket would not be affected as the efficiency of the services that train and car riders would offer would increase, as well as the satisfaction they would also enjoy from such technological advances.

8 0
3 years ago
In an assessment of peer relationships, fred was rarely selected by classmates as someone to play with or to do a class project
Travka [436]
Fred is an example of "<span>a neglected child".</span>

Peer acceptance speaks to social well being or fame inside an extensive gathering, while friendship speaks to connections in view of shared regard, thankfulness, and preferring." Both peer relationships and friendships turn out to be progressively essential as youngsters develop into immaturity. Fred is a neglected child as no one in his peers actually prioritize him over others but when it comes to refusal of paying with him still no one cares much as to refuse him.

3 0
3 years ago
Dell Computer has succeeded in increasing the amount of goods it sells while holding the amount of inventory on hand at a consta
Allushta [10]

Answer:

Decrease in days sales in inventory.

Explanation:

The Days sales inventory for Dell computers will decrease because sales have increased; the amount of goods which it sells has increased whereas holding amount of inventory in hand is constant.  

The formula to calculate day’s sales inventory is  

Inventory / cost of goods sold * 365  

If sales are increasing then cost of goods sold will also increase reducing the day’s sales inventory .

3 0
3 years ago
Read 2 more answers
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