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arlik [135]
3 years ago
6

A fancy steak house in a shopping mall offers a 20 percent discount to employees of other stores in the mall, provided that they

eat before 6:00pm or after 8:00pm.
(a) What is the likely explanation for this discount not being offered to everyone?

(b) Why is this discount restricted to particular hours?
Business
1 answer:
beks73 [17]3 years ago
6 0

Answers and explanations:

A) By choosing to attend workers from different stores in the same mall during a determined time frame, the steak house is segmenting its customers. The workers may have different consuming habits than regular customers of the restaurant. In that case, the restaurant can focus on developing an assistance method for the mall's workers and others for its regular consumers according to each one's needs.

B) The discount might be restricted to particular hours because from 06:00 p.m. until 08:00 p.m. is possible when the steak house receives more of its regular customers. They may be trying to give special attention to this type of clientele and that is why they are trying to promote other types of customers from the store to visit the steak house but in different schedules.

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On December 31, 2016, Bart Inc. purchased a machine from Fell Corp. in exchange for a noninterest-bearing note requiring eight p
iragen [17]

Answer:

Bart Inc.

The initial value of the machine is:

= $114,240.

Explanation:

a) Data and Calculations:

Date of purchase of machine from Fell Corp. = December 31, 2016

Annual payments for a non-interest-bearing note = $20,000

Appropriate present value of the annuity due = 5.712

PV of the annual payments for 8 years = $114,240 ($20,000 * 5.712)

First payment date = December 31, 2016

Period of payments = 8 years

Prevailing interest rate for this type of note = 11%

Check from an online financial calculator:

N (# of periods)  8

I/Y (Interest per year)  11

PMT (Periodic Payment)  20000

FV (Future Value)  0

Results

PV = $114,243.93

Sum of all periodic payments = $160,000.00

Total Interest = $45,756.07

8 0
3 years ago
intelligent industries recently purchased a $50,000, 10% 12-month bond. from intelligent’s point of view, this bond would be con
Paul [167]

from Intelligent’s point of view, this bond would be considered a current asset, because it represents a resource that can easily be converted to cash within one year.

A bond is a debt instrument. A bondholder is entitled to regular predetermined interest rate payments and at the end of the bond's tenure, the bondholder would receive the amount invested.

Current assets are assets that are expected to be sold, used, or exhausted through standard business operations with one year.

Examples of current asset are:

  • cash
  • cash equivalents
  • accounts receivable
  • stock inventory
  • marketable securities
  • pre-paid liabilities

To learn more, please check: brainly.com/question/14287268

5 0
2 years ago
Feeney Furniture prepared the following sales budget: Month March April May June Cash Sales Credit Sales $11,000 0 $11,000 0 37,
Leviafan [203]

Answer:

Option (B) is correct.

Explanation:

Total cash collections in June:

= Cash sales + (62 percent of June credit sales) + (30 percent of May credit sales) + (5 percent of April credit sales)

= $60,000 + ($51,000 × 0.62) + ($37,000 × 0.30) + ($11,000 × 0.05)

= $103,270

Therefore, the total cash collections in June at Feeney Furniture is $103,270.

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3 years ago
Wild Plus, a television channel dedicated to wildlife, wanted to promote its new wildlife adventure series. The series was given
jeyben [28]

Answer:

Option C. Public relations

Explanation:

A public relation strategy plays vital role in promoting organization's services and products to create brand awareness and place the product among the customer priorities. Furthermore, public relation strategy also helps the organization to promotes its product by increased communication with the customers and repositioning of product or service. So the Wild Plus is using public relation strategy increase its brand awareness through repositioning of its services and increased communication with its customer to opt to its product offerings.

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3 years ago
True or False: If Country B has an absolute advantage over Country A in producing bicycles, it must also have a comparative adva
Anni [7]

If Country B has an absolute advantage over Country A in producing bicycles, it must also have a comparative advantage over Country A in producing bicycles - False

<h3><u>Explanation:</u></h3>

When any organisation has the ability to produce a product identical to its competitor company in such a way it utilizes only lesser amount of the given resources producing more product then it is said to have absolute advantage.  Comparative advantage refers to the ability of a firm in producing a particular goods or services at a lesser marginal cost when compared with the opportunity cost.

Absolute advantages helps a firm to reduce its production cost than its competitors. Comparative advantage helps a firm in reducing the opportunity cost. It is not necessary to have a company to have both absolute and comparative advantage at the same time. It can either have absolute or comparative advantage.

3 0
3 years ago
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