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nika2105 [10]
3 years ago
12

One implication of the phenomenon described by economist richard easterlin as the "hedonic treadmill" is that: question 4 option

s: people who consume more goods and services are happier than those who consume less
Business
2 answers:
V125BC [204]3 years ago
8 0

Answer:

"Hedonic treadmill" refers to the situation where the consumer runs after satisfaction, but is unable to leave the place and really achieve the pleasure and satisfaction he wants.

Explanation:

"Hedonic treadmill" is the term used in the economy to describe the situation where consumers try to seek satisfaction and pleasure in the consumption of goods and products, but are unable to achieve this satisfaction. They end up running after happiness without being able to own it. We can use as an analogy, a mouse running in its "carousel", the rainho runs at high speeds, but it can't get anywhere and stays, just walking in circles.

"Hedonic treadmill" is often used to explain a consumerist and marerialist society, which tries to fill its existential voids through buying and more purchases, which can even bring satisfaction that will not last and will pass quickly.

IRINA_888 [86]3 years ago
7 0

The hedonic treadmill is the tendency for people to return to a stable level of happiness after major positive or negative events in their life.

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Required: 1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) r
Vika [28.1K]

Question Completion:

Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2018 year-end inventory is as follows:

Inventory, by                           Per Unit    Net Realizable

Product Category  Quantity     Cost              Value

Tools:

Hammers                  100         $5.00          $5.50

Saw                          200          10.00            9.00

Screwdrivers           300           2.00            2.60

Paint products:

1-gallon cans          500           6.00             5.00

Paint brushes         100            4.00            4.50

Required:

1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory.

2. Assuming inventory write-downs are common for Almaden, record any necessary year-end adjustment amount for each of the LCNRV applications in requirement 1.

Answer:

<h3>Almaden Hardware Store</h3>

1. The carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to

(a) individual products:

= $5,800

(b) product categories:

= $6,050

(c) total inventory:

= $6,080

2. Inventory write-down as a line item in the income statement, for each of the LCNRV applications for:

(a) individual products:

Debit Cost of goods sold $700

Credit Inventory $700

To record the inventory write down based on LCNRV.

(b) product categories:

Debit Cost of goods sold $450

Credit Inventory $450

To record the inventory write down based on LCNRV.

(c) total inventory:

Debit Cost of goods sold $420

Credit Inventory $420

To record the inventory write down based on LCNRV.

Explanation:

a) Data and Calculations:

Inventory, by                           Per Unit    Net Realizable  LCNRV  Inventory

Product Category  Quantity     Cost             Value                           Value

Tools:

Hammers                  100         $5.00          $5.50             $5.00       $500

Saw                          200          10.00            9.00               9.00        1,800

Screwdrivers           300           2.00            2.60                2.00         600

Paint products:

1-gallon cans          500           6.00             5.00               5.00      2,500

Paint brushes         100            4.00            4.50                4.00         400

Inventory amount (LCNRV rule applied to individual products)  $5,800

Inventory amount (LCNRV rule applied to product categories)

Tools: Cost value = (100 * $5) + (200 * $10) + (300 * $2) = $3,100

          NRV value = (100 * $5.50) + (200 * $9) + (300 * $2.60) = $3,130

LCNRV = $3,100 for tools

Paint products: Cost value = (500 * $6) + (100 * $4) = $3,400

                         NRV value =  (500 * $5) + (100 * $4.50) = $2,950

LCNRV = $2,950 for paint products

Total LCNRV = $6,050 ($3,100 + $2,950)

Inventory amount (LCNRV rule applied to total inventory):

Cost value = (100 * $5) + (200 * $10) + (300 * $2) + (500 * $6) + (100 * $4)

= $6,500

NRV value = (100 * $5.50) + (200 * $9) + (300 * $2.60) + (500 * $5) + (100 * $4.50) = $6,080

Year-end Adjustments for each of the LCNRV applications in requirement 1:

(a) individual products:

Cost of Inventory =   $6,500

LCNRV =                      5,800

Inventory write down  $700

(b) product categories:

Cost of Inventory =   $6,500

LCNRV =                      6,050

Inventory write down  $450

(c) total inventory:

Cost of Inventory =   $6,500

LCNRV =                      6,080

Inventory write down  $420

7 0
2 years ago
Which two values roll up the hierarchy to the manager for both Customizable and Collaborative Forecasts?
prohojiy [21]

Answer:

The correct answer are Expected revenue and Opportunity amount.

Explanation:

The term "expected revenue" refers to the expected amount of money that the company will obtain from sales, services and additional revenue streams. The term "income" includes all the money earned before dividing it into wages, compensation, marketing expenses and so on. In other words, revenue refers to all funds obtained by a company before deductions.

On the other hand, the amount of opportunity refers to the effective control of an organization that must take corrective action in time if necessary, since they must be applied in time, before a large deviation from the planned objectives with in advance Therefore, the information provided by a Management Information System must be available in time to act on it.

7 0
3 years ago
Companies that purchase inventories that are primarily in finished form for resale to customers are known as:_________
Mumz [18]

Companies that purchase inventories that are primarily in finished form for resale to customers are known as <u>merchandising</u>.

Merchandising is any practice that contributes to the sale of products to a retail patron. At a retail in-keep level, vending refers to showing merchandise that is for sale in an innovative way that entices clients to purchase greater gadgets or merchandise.

Any top for sale is merchandise, a few examples consist of groceries in a grocery store, clothes in a retail keep, electronics on an internet site, or raw materials in a production warehouse. If someone can sell the object or buy the item, then it's the product.

Vending refers to the advertising and income of merchandise. merchandising is most usually synonymous with retail sales, where companies sell merchandise to purchasers. merchandising, more narrowly, may additionally talk over with the advertising and marketing, promotion, and advertising and marketing of products intended for retail sale.

Learn more about merchandising here brainly.com/question/7145120

#SPJ4

5 0
1 year ago
you purchase a house and take out a $650,000 loan with a 30-year term at 4.5% nominal annual interest rate (monthly compounding)
Paladinen [302]

Answer:

$811,238.97

Explanation:

First we have to obtain the effective monthly rate.

A 4.5% nominal annual interest rate is equivalent to a 0.37% monthly rate.

Now we can find the future value of the $650,000, which is the value that you will have paid after 5 years.

The formula is:

FV = PV (1 + i)^{n}

Where:

  • FV = Future value
  • PV = Present value
  • i = interest rate
  • n = number of compounding periods of the interest rate.

Finally, we plug the amounts into the formula:

FV = 650,000 (1 + 0.0037)^{60} \\FV = 811,238.97

5 0
3 years ago
Which of the following would you not include as an emergency resource
Aloiza [94]
The answer is b. bleach. Hope this helps!
4 0
3 years ago
Read 2 more answers
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