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Angelina_Jolie [31]
3 years ago
14

Sam, a third-grader, really likes to look for interesting bugs with other people during recess. Each of Sam's friends offers to

look for bugs with Sam in exchange for him playing a game that he or she likes. Bill wants to play King of the Mountain, Suzie wants to play Hopscotch, and Johnny wants to play Slaps. Sam normally likes playing with each of his friends equally. Sam offers to trade one day of King of the Mountain with Bill for one day of looking for bugs. Sam does not like to play Hopscotch, so he offers to trade Suzie one day of Hopscotch for two days of looking for bugs. Sam knows that Johnny really likes playing Slaps so, although Sam likes playing Slaps and King of the Mountain equally, he offers to trade Johnny one day of Slaps for two days of looking for bugs. Is sam's offer to suzzie price discrimination? Is sam's offer to Johnny Price discrimination?
Business
1 answer:
andre [41]3 years ago
4 0

Answer: 1. No.

2. Yes.

Explanation:

Price Discrimination is a pricing strategy where suppliers/producers or sellers sell a good to different people at different prices depending largely on their preference and/or capacity to pay for the commodity i.e, if you want it more, you are charged more.

1. Johnny did not like to play Hopscotch, so offering Suzie one day of Hopscotch for two days of bug hunting is fair and no price discrimination occured as he did not offer these terms to someone else who's game he did not like.

2. Sam knew that Johnny really liked playing Slaps so he leveraged on that and offered him more expensive terms so to speak than he did to Bill even though he liked playing the both games equally. This means that he charged Johnny more than Bill simply because Johnny liked and preferred his game alot which is Price discrimination.

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A company receives $290, of which $15 is for sales tax. The journal entry to record the sale would include a
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Answer:

Explanation:

Cash.         290

     Revenue.             275

     Sales tax payable.  15

5 0
3 years ago
Lesson 2
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Answer:

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4) Two examples of state taxes are: corporate state taxes and real property taxes.

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4 0
3 years ago
identify three challenges BRICKS CONSTRUCTION may encounter when trying to implement their corporate social investment plan in t
galina1969 [7]
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3 0
3 years ago
Valport Valve Company manufactured 7,800 units during March of a control valve used by milk processors in its Shreveport plant.
grandymaker [24]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Production= 7,800 units

Direct labor 40,200 hr. at $14.60

Direct material purchased 30,000 lb. at $3.00

Direct material used 22,100 lb.

The control valve has the following standard prime costs.

Direct material: 3 lb. at $2.90 per lb. $ 8.70

Direct labor: 5 hr. at $15.10 per hr. 75.50

Standard prime cost per unit $ 84.20

1) Standard production costs:

Direct material= 8.7*7,800= 67,860

Direct labor= 75.5*7,800= 588,900

Total porduction cost= $656,760

2<u>) We need to use the following formulas to calculate the direct material and direct labor variances:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2.9 - 3)*30,000

Direct material price variance= $3,000 unfavorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (3*7,800 - 22,100)*15.1

Direct material quantity variance=  (23,400 - 22,100)*2.9

Direct material quantity variance= $3,770 favorable

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (5*7,800 - 40,200)*15.1

Direct labor time (efficiency) variance= $18,120 unfavorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (15.1 - 14.6)*40,200

Direct labor rate variance= $20,100 favorable

4 0
3 years ago
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aliya0001 [1]

Answer: (E) Product/service

Explanation:

 The product or the service is basically refers to the feasibility component that helps in analyzing the feasibility of the given products component in the market.

The main objective of the products and the service feasibility analysis is that it helps in analyzing the main idea of the business on the basis of demand and the desirability in the market.

According to the given question, the product/service is one of the type of component in the feasibility analyzing that helps in the process of products development.  

 Therefore, Option (E) is correct answer.      

 

5 0
3 years ago
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