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3 years ago

Economists measure the personal satisfaction someone gets from consuming goods and services with the concept of

1 answer:

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Economists measure the personal satisfaction derived from consuming goods and services with the concept of UTILITY. Utility refers to the total satisfaction derived from consuming a good or service. The utility of a good or service has direct influence on demand and therefore price of that product.

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Cala Manufacturing purchases land for $451,000 as part of its plans to build a new plant. The company pays $31,900 to tear down

kaheart [24]

Answer:

Debit Credit

Property plant and equipment (Plant) $1,965,166

Cash $1,965,166

Being the cost of construction of plant building

Explanation:

According to International Accounting Standards (IAS) 16, property plants and equipment, the cost of land includes all of the cost necessary to bring and make it ready for the intended use.

The total cost of the plant = 451,000 + 31,900 + 47,156 + 1,349,900 + 85210

= $1,965,166

The journal entry

Debit Credit

Property plant and equipment (Plant) $1,965,166

Cash $1,965,166

Being the cost of construction of plant building

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3 years ago

In a market system, self-interest is the motivating force that:A. Makes individuals unwilling to deliver anything of value to ot

Inessa [10]

Answer:

The correct answer is D. Coordinates and creates consistency in the operations of various parts of the economy.

Explanation:

The market economy system has advantages and disadvantages in its operation that should be reviewed before starting the study of the centralized economy system. The market economy system works with a high degree of efficiency and economic freedom. Economic agents, both companies and individuals, act guided by their own interest and freely. The price system encourages producers to manufacture the goods that the public wants. Price movements that act as signals in a correct way, while trying to reach their own interest.

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3 years ago

If the demand for cell phone service is inelastic, then the quantity demanded does not change in response to changes in price. t

jenyasd209 [6]

Answer:

the percentage change in quantity demanded is less than the percentage change in price (in absolute value).

Explanation:

Inelastic demand is when the demand for a product remains relatively constant, even if its price changes. Goods and services considered essential have inelastic demand. Foods stuff and petrol will have a constant demand regardless of their price levels.

A small percentage change in the price of an inelastic good or service will have minimal changes in its demand. For example, drinking water is an essential commodity. A small change in its price will not have any significant change in demand because people will need to drink water regardless of its price. Therefore, a small percentage change in price causes a lesser percentage change in quantity demanded.

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3 years ago

Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b

Andrew [12]

Answer:

Adjusted cash balance = $18650

Explanation:

given data

Debit balance = 19,525

May bank statement deposit = $17,800

Deposit in transit = $5,950

Outstanding checks = $5,100

bank service fees not recorded = $50

NSF check not yet recorded = $825

to find out

adjusted cash balance

solution

Adjusted cash balance will be here

Adjusted cash balance = Debit balance - bank service fees not recorded - NSF check not recorded

Adjusted cash balance = 19525 - 50 - 825

Adjusted cash balance = $18650

and

adjusted book balance = Balance as per pass book + deposit in transit - outstanding checks

adjusted book balance = 17800 + 5950 - 5100

adjusted book balance = $18650

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4 years ago

When then-president of Chrysler Bob Lutz ordered the development of the Dodge Viper without supporting research but because it "

Whitepunk [10]

Answer:

The correct answer is the option: False.

Explanation:

To begin with, the incremental model of decision making process is the theory that states that when managers wants to select a set of new alternatives course in order to establish a new product they tend to choose those that are slightly, or incrementally, different from those that were use in past activities. Therefore that by using this model the managers do not encourage in big risks due to the fact that silghty changes are made in comparisson with the ones made in the past and therefore there will not be big costs.

To continue, in this case where Chrysler Bob Lutz ordered the development of the Dodge Viper without supporting reaserch but because it ''just felt right'' then he was not using the incremental model of decision making process due to the fact that big changes and costs will be caused by the decision of making that new product that never have been done before.

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3 years ago