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Leviafan [203]
3 years ago
14

On a shopping trip, Melanie decided to buy a light blue coat made from woven fabric. A tag on the coat stated that the price was

$79.95. When she brought the coat to the store's sales clerk, Melanie was told that the coat was on sale, and she would pay 20% less than the price on the tag. After the discount was applied, Melanie paid $63.36, $15.99 less than the original price. The value of Melanie's consumer surplus from this purchase is what?
Business
1 answer:
Amanda [17]3 years ago
8 0

Answer:

The value of Melanie's consumer surplus from this purchase is $15.99

Explanation:

The consumer surplus shows a difference between the cost price or maximum price of the product and the actual price which is paid by the customer

In mathematically,  

Consumer surplus = Maximum price - the actual price paid by the customer

                               = $79.95 - $63.36

                               = $15.99

The $15.99 denotes the consumer surplus

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Raul is a saver. He sets aside $200 per month during his career of 40 years to prepare for a comfortable retirement. He does not
monitta

Answer:

$211,971.

Explanation:

he will have earned in $115,971 in interest.

3 0
3 years ago
A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur
nata0808 [166]

Answer:

$200 (a deduction)

Explanation:

The accounting standard for inventories IAS 2 requires that inventory be carried at the lower of cost or net realizable value. Inventory will initially be recognized at the cost ( which includes the cost of the item and other associated cost such as freight ). However, its carrying amount must be reviewed to ensure it is not higher than the realizable value.

Given that the selling price is now $15 which is lower than the cost of $16, it means that the amount that can be realized from the sale of a unit is $15.

= $16 - $15

= $1

As such, an adjustment in form of a reduction of the carrying amount of $1 per unit is required. The amount of the lower cost of market adjustment the company must make as a result of this decline in value

= $1 × 200 units

= $200 (a deduction)

8 0
2 years ago
Suppose all firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitiv
sleet_krkn [62]
The answer is false!
6 0
3 years ago
Read 2 more answers
You own a bond that pays $64 in interest annually. The face value is $1,000 and the current market price is $1,062.50. The bond
drek231 [11]

Answer:

the yield to maturity of this bond is 5.7%

Explanation:

given data

pays interest annually C =  $64

face value F = $1,000

current market price P = $1,062.50

bond matures n = 30 years

solution

we get here yield to maturity that is express as

yield to maturity =

yield to maturity = [C+ (F-P) ÷ n] ÷ [(F+P) ÷ 2   ]     .................1

put here value and we get

yield to maturity = \frac{64+(1000-1062.50)}{11}  ÷ \frac{(1,000+1,062.50)}{2}

yield to maturity = 0.057

so that the yield to maturity of this bond is 5.7%

6 0
2 years ago
Complete the following sentence about margins and alignment with the best choices. Business letters and memos usually have margi
Dovator [93]

Answer:

The answer is 1 to 1 1/4

Explanation:

The side, top and bottom limits are supposed to be 1 to 1 1/4 inches means the general default settings in programs such as Microsoft Word. One-page letters and memos should be vertically centered. Business letter writing margins should be about 1" all around.

4 0
3 years ago
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