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olchik [2.2K]
3 years ago
5

A consumer values a car at $525,000 and a producer values the same car at $485,000. If the transaction is completed at $510,000,

what level of tax rate will result in unconsummated transaction?a) 1%b) 2%c) 5%d) 3%
Business
1 answer:
sammy [17]3 years ago
8 0

Answer:

d) 3%

Explanation:

The difference between the consumer and producer value is $40,000

However, the difference between the transaction and producer value is $25,000

So, tax rate that will result in unconsummated transaction is 3% ($15,300) which is the closest number to the difference between consumer/producer and producer/transaction results

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A firm has net working capital of $560, net fixed assets of $2,306, sales of $6,700, and current liabilities of $870. How many d
natita [175]

Answer:

1.79

Explanation:

Net working capital is $560

Net fixed assets is $2,306

Sales is $6,700

Liabilities is $870

Therefore the amount of dollar wort sales generated in every $1 can be calculated as follows

= 560+870

= 1,430

6700/1430+2,306

= 6700/3736

= 1.79×1

= 1.79

4 0
3 years ago
Explain how you will use each of the five P's of the marketing mix to achieve
bulgar [2K]

Answer & Explanation:

To determine the brand image goal, it is essential to identify the targeted market, segments first - who the brand serves and then conduct the market research to understand the demand, the tastes and preferences of the targeted customers.

Based on these information, we can use marketing mix to achieve the goal.

Product

If the brand has already chosen the sector to operate it, it should base on the market taste and demand to determine things related to the product, including: the functions, packaging, appearance, added value for customers, quality, and other supported services (such as warranty). These are information that customers usually consider when they make a purchasing decision. So that the brand should clarify the information about features of products, add benefits that the users can earn from the products.

Price

When determining the pricing strategy, the brand does not only consider the product price but also discounts policy, credit terms, etc. These would base on the position of the brand in the marketplace (in low price, premium or low-medium, etc. and providing high, low or medium quality products, etc.). This bases on the products the brand offers after considering the consumption habit, power of the targeted segments.

Place

Brand has to identify where the products are seen, distributed and purchased so as to approach the largest amount of potential customers. In the place strategy, the prioritized goal is to assure the products are accessible to the targeted customers. (For example, the brand can provide their products at convenient stores if this is the more preferred shopping places of targeted customers.)

Promotion

This refers to the activities to make the brand known more and attract more buyers, including types of advertisement, sponsorship, etc. There are two most common ways of promotion is promote directly the users or promote the distributors (the wholesalers) to import and sell the products of your brand.

People

The people strategy involves in the image of people participated in the brand such as staff, salesperson, other employees. This affects mainly the customer services - which would have considerable impact on the perception of customers about the brand. The people strategy can base on the image they want to target, for example to be basic, friendly or to make the customers feel the vibe of luxurious brand.

3 0
3 years ago
Cool Air​ Inc., manufactures single room sized air conditioners. The cost accounting system estimates manufacturing costs to be
Tcecarenko [31]

Answer:

Selling price= $172.8

Explanation:

Giving the following information:

Manufacturing costs to be $ 240.00 per air​ conditioner

Consisting of 60​% variable costs and 40​% fixed costs.

Selling price= 20​% markup to full costs.

Because it is a special offer and there is unused capacity, we will not take into account the fixed costs:

Unitary cost= 240*0.6= $144

Selling price= 144*1.2= $172.8

6 0
4 years ago
Emily is a writer, and uses her tablet computer to write a 500-page novel that she sells to a publishing company for $500,000. I
brilliants [131]

Answer:

$24,500,000

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Items not included in the calculation off GDP includes:  

1. services not rendered to oneself

2. Activities not reported to the government  

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

Contribution to GDP =  total revenue of book - cost of selling the book to the publishing company

(25 x 1,000,000) - 500,000 = 24,500,000

7 0
3 years ago
Fast-food restaurants like McDonald's are replacing cashiers with touch-screen ordering kiosks. Currently the MPL for an additio
docker41 [41]

Answer:

a. Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.

b. Whataburger should hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost

Explanation:

a. According to the given data we have the following:

Let "C" is a cashier.

"K" is a kiosk

MPC = 48 (Marginal Product of Cashier)

MPK = 32 (Marginal Product of Kiosk)

PC = $15 (cashier can be hired for a wage of $15)

PK = $12 (Kiosk rents for $12)

At optimal cost minimization point, (MPC / MPK) = (PC / PK)

(MPC / PC) = (MPK / PK)

(MPC / PC) = (48 / 15) = 3.2

(MPK / PK) = (32 / 12) = 2.67

Since the (MPC / PC) and (MPK / PK) is not equal. It implies Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.

b. We have to use the following:

(MPC / PC) > (MPK / PK)

i.e., 3.2 > 2.67

It means Whataburger hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost.

4 0
3 years ago
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