In the broadest sense, economics studies the choices that

Jordan is considering three choices of spending the new year's eve. Option A is to dine outside at a luxury restaurant; option B

ankoles [38]

Answer: b. Jordan values option B more than options A and C.

Explanation:

All options cost the same explicitly which means that Jordan's choice was made based on implicit/ opportunity cost factors.

These undisclosed factors led to Jordan valuing option B more than the other options which is why it was picked even thought they all cost the same. Had any other option being more valuable than B, it would have been picked but since B was picked, B was the most valuable.

7 0

3 years ago

A decrease in the fixed asset turnover ratio from 3.0 to 2.2 indicates a.an unfavorable change in the efficiency of using fixed

kakasveta [241]

Answer:

d.an unfavorable change in the efficiency of using fixed assets to generate sales.

Explanation:

Since as we can see in the given situation that there is the reduction in the fixed asset turnover ratio i.e. it is reduced from 3 to 2.2 this means that there is a change i.e. unfavorable or non-favorable with respect to the efficiency of applying the fixed asset in order to producing or generating the sales

Therefore the option d is correct

6 0

3 years ago

Ava School of Learning obtained a charter at the start of the year that authorized 50,000 shares of no-par common stock and 20,0

irina1246 [14]

Answer:

The requirement of question is to prepare journal entries for each transaction and prepare stockholder's equity section of balance sheet;The net income for the year is $35,000.No dividends were declared or paid during the year.

Explanation:

a.Cash 4,900*4*39 Dr.$764,400

Common Stocks Cr.$764,400

b. Cash 5,900*39 Dr.$230,100

Common Stocks Cr.$230,100

c. Cash 7,900*21 Dr.$165,900

Preferred stocks 7,900*10 Cr.$79,000

Paid in capital in excess of par 7,900*(21-10) Cr.$86,900

Extracts from Balance Sheet

Common Stocks (764,400+230,100) $994,500

Preferred Stocks $79,000

Paid in Capital in excess of par $86,900

Retained Earnings $35,000

Total $1,195,400

6 0

4 years ago

Suppose you're working as a salesperson and one of your prospects tells you they are interested in your product because it is th

Artemon [7]

a. Situational needs

b. Functional needs

c. Social needs

d. Psychological needs

e. Knowledge needs

Answer:

b. Psychological needs

Explanation:

-Situational needs are the ones that are related to the customer's environment, place and time.

-Functional needs are the basic ones people need to be able to live.

-Social needs refer to the need people have to relate to the others.

-Psychological needs refer to things pople need for their well-being and being able to function properly.

-Knowledge needs refers to the ones related to learning new things.

According to this, the need the buyer is expressing is a psychological need because your prospect says that they are interested in the product because it is the one best suited for a particular task. The prospect could be able to buy a similar product from someone else but as they consider this as the best one, buying it will make them feel good.

4 0

4 years ago

Filling your individualf ederal tax returns would be best described what type of value chain?

enot [183]

Answer: Government to customer (G2C)

Explanation:

Filing is one of the requirements of any business person to give proper record of what they did in their business and how they delivered to the masses. This is proper for tax clearance and returns. When filing your individual tax returns the value chain is known as government to customer (G2C). This is recommended.

5 0

4 years ago