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zzz [600]
3 years ago
5

Seppo consumes brandy and saunas. Neither is an inferior good. Seppo has a total of $30 a day and 6 hours a day to spend on bran

dy and saunas. Each brandy costs $2 and takes half an hour to consume. Each sauna costs $1 and takes 1 hour to consume. (It is, unfortunately, impossible to consume a brandy in the sauna.) Seppo suddenly inherits a lot of money and now has $50 a day to spend on brandy and saunas. Since Seppo is a rational consumer, he will:
Business
1 answer:
bearhunter [10]3 years ago
4 0

Answer: consume both products at the same rate as before his inheritance.

Explanation: Seppo is a rational spender. This means that although Seppo has more money to spend on brandy and saunas, Seppo will only spend money on what Seppo needs. Seppo's inheritance will not change the amount of hours that are available in a day. Seppo will still only have 6 hours to spend, and will consume the products based on the amount of time Seppo has, instead of the extra cash Seppo can spend on these products. This means that although Seppo has more money, Seppo will still consume the same amount of products as before, as Seppo is a rational consumer who likes to weigh rational consumption choices.

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Darla offers to pay Edward $6,000 for Edward's car, provided that Darla receives that much from her uncle's estate, which is cur
dalvyx [7]

Answer: d. the consideration from Darla to Edward is the promise of $6,000 subject to a condition.

Explanation:

Based on the information given, we should note that if Edward agrees to Darla's offer, the consideration from Darla to Edward is the promise of $6,000 subject to a condition.

This is because Darla offered to pay Edward the $6,000 for his car, as long as she gets that much from her uncle's estate, which is under probation. In the case whereby she doesn't get up to $6000, then she won't be bake to buy the car for $6000.

8 0
3 years ago
The change in inventory value was created purely by accounting and exchange rate factors, because the subsidiary still has the s
Alik [6]

Answer:

It would decrease by $7,504.

Explanation:

The current ratio determines liquidity of a company. The current ratio is calculated by dividing total current assets from total current liabilities. The change in inventory will affect the current ratio of the company. In the consolidated financial statements the value of inventory is decreased due to exchange rate fluctuations. The change in value of inventory will affect the amount reported in the balance sheet of the parent and will ultimately result in reduction of current ratio.

3 0
3 years ago
Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost
Tcecarenko [31]

Answer:

The depreciation cost of the bus per unit is $ 1.4 which is purchased on January 1, 2019.

Explanation:

The depreciation cost per unit is computed as:

Depreciable asset = Cost - Salvage Value

                               = $205,860 - $7,900

                               = $197,960

Depreciation per unit = Depreciable asset /Useful life expected value

                                    = $197,960 / 141,400

                                    = $1.4

Therefore, the per unit cost is $1.4

8 0
3 years ago
What the term economic environment means​
ivolga24 [154]

Answer:

gracias por los puntosdssss

8 0
3 years ago
Read 2 more answers
1. Which of the following is the money or other resources needed to pay for a part or
soldi70 [24.7K]

Answer:

A. Investment

Explanation:

The money that you need to pay to purchase and acquire a part of a company is an investment. This investment can be used, for example, to buy stock. A stock is a title of ownership of a company for the percentage of the company that the stock represents. If I own 100 stocks that represent 1% of a company, then, I own 1% of that company. In other words, my investment (my money) is worth 1% of said company.

5 0
3 years ago
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