1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gizmo_the_mogwai [7]
3 years ago
10

Byron is interested in buying an antique vase for his grandmother's birthday. He visits an antique store and buys the first vase

he sees because it is something he thinks his grandmother would like. Byron does not visit another store and compare other vases. For Byron, this purchase is most likely considered a(an) _____ good.
Business
1 answer:
Tresset [83]3 years ago
6 0

Answer:

specialty

Explanation:

Specialty goods are goods with unique characteristics and brand identifications that will motivate a buyer to go to great length or special effort to acquire such a  good. Specialty goods require high involvement as the buyer can show high level of brand loyalty to a product and pay a premium just to acquire the brand.

Byron does not visit another store to compare other vases because he already knows the unique characteristics he is looking for which he found in the first vase that he saw and bought. So he purchased a specialty good.

You might be interested in
Stones Corporation uses a predetermined overhead rate based on machine-hours to apply overhead to the manufacturing process. Las
Vinvika [58]

Answer:

A. $5.00 per machine-hour

Explanation:

The computation of the manufacturing overhead application rate is shown below:

= Estimated manufacturing overhead ÷ expected machine-hours incurred

= $550,000 ÷ 110,000 machine hours

= $5.00 per machine hour

In order to determine the  manufacturing overhead application rate, basically we divided the estimated manufacturing overhead by the expected machine hours

3 0
3 years ago
Magicia Multiplex Inc. charges its customers $2 for any movie before 12 p.m. on weekdays, and charges $6 for the same shows on w
Rainbow [258]

Answer:

The correct answer is C: off-peak pricing

Explanation:

Off-peak pricing is a way of stimulating demand by charging less than "normal" in periods of low demand. In this exercise, it changes the price differentiating by weekdays and time. It expects to attract costumers to days and hours of low demand. The opposite is Peak pricing which is a way of congestion pricing where customers pay an additional fee during periods of high demand.

6 0
3 years ago
Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2016. January 1 balances in accounts receivable and a
tester [92]

Answer:

Lucia's cash flows from operating activities would be:

$132,000.

Explanation:

Accounts Receivable  End: $30,000  Beginning: $29,000 = -$1,000  

Accounts Payable    End: $24,000  Beginning: $26,000 = -$2,000  

Net Income : $ 135,000

To calculate the total cash flow from operating activities it's necessary to deduct of the Net Income the variance of these accounts which indicates a negative variance during the year, -$2,000 on accounts payable because the company paid more bills these year than before, and -$1,000 because the company expand their credit line to customers.

Cash Flow: $135,000 - $1,000 - $2,000 = $132,000.

4 0
2 years ago
Which of the following statements is CORRECT? Assume a company's target capital structure is 50% debt and 50% common equity.a. T
Bond [772]

The correct statement among the given is 'cost of equity is always equal to or greater than the cost of debt' .

Option-c

<u>Explanation: </u>

Debt on assets which are less likely to lose is secured more uncertainty leads to lower returns, hence lower costs. The risk of loss to equity holders also remains greater and not even assured against any collateral. In comparison to higher risk equity holders foresee higher returns.

This is why debt costs are higher. Such high risk will lead to higher equity costs than debt costs. To investors, equity costs would be returned on equity investment, and debt costs would be made as part of debt investment.

6 0
3 years ago
Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September
Pie

Answer:

Shellhammer Company

Ending inventory = $712

Cost of goods sold = $2,492

Explanation:

a) Data and Calculations:

Date                     Item          Units           Unit Cost     Total Cost

September 1    Inventory           100           $3.34          $334.00

September 8   Purchases        450             3.50          1,575.00

September 18 Purchases        350              3.70          1,295.00

September 30 Total                900                            $3,204.00

Ending inventory                     200

Cost of goods sold                 700

Weighted Average cost = Total cost of goods available for sale/Total units available for sale

= $3,204/900 = $3.56

Value of Ending Inventory = $3.56 * 200 = $712

Value of Cost of goods sold = $3.56 * 700 = $2,492

b) The weighted average inventory costing, under the period inventory system, used by Shellhammer is an assumption that the costs attributable to ending inventory and cost of goods sold are determined from the average cost per unit and that these the average cost is ascertained at the end of the period.  Therefore, the cost of beginning inventory and purchases are accumulated and divided by the units of goods available for sale.

4 0
3 years ago
Other questions:
  • Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. This year Harry's again
    9·1 answer
  • Mantle Publications publishes a golf magazine for beginners interested in learning and playing golf. The magazine sells for $4.0
    14·1 answer
  • If the Fed conducts open-market purchases, the money supply A. decreases and aggregate demand shifts right. B. increases and agg
    14·1 answer
  • Embryological studies suggest that the most ancient chordates were related to the ancestors of: a. birds b. dinosaurs c. mollusk
    7·1 answer
  • Access Organics, Inc., hired Andy Hernandez to sell organic produce. Later, Hernandez signed an agreement not to compete with Ac
    10·2 answers
  • Assuming suppliers produce 75 lawnmowers per week:
    12·1 answer
  • Chris's Maid Service began the year with total assets of $120,000 and stockholders' equity of $40,000. During the year the compa
    8·1 answer
  • Your company will need a business plan in order to do what? A. Increase revenue. B. Identify an opportunity. C. Pay taxes. D. Ge
    10·2 answers
  • Time value of money is an important aspect of money management. Why is it important to know what interest rates, terms of an agr
    14·1 answer
  • Loans requiring periodic payments of interest and principle are referred to as
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!