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daser333 [38]
3 years ago
7

Jane is a top-level executive and is very rich. Jane just ordered a car only to be told that she will have to wait three weeks f

or it to be delivered. Which of the following statements is true?
a. The car is not a scarce good.
b. The car is a scarce good.
c. Because Jane has unlimited funds, she incurs no opportunity cost in buying the car.
d. Jane paid too much for a car that wasn't ready on time.
Business
1 answer:
maksim [4K]3 years ago
5 0

Answer:

The correct answer is letter "B": The car is a scarce good.

Explanation:

Scarcity is the basic economic problem by which individuals have unlimited needs but finite resources to fulfill them. Scarce goods are those not easy to find, in danger of extinction or, when talking about products, which manufacturing implies long and usually expensive processes.

Thus, <em>the type of vehicle Jane is trying to purchase can be considered scarce since its the dealership does not have it usually in its inventory. Otherwise, Jane would have had the car at the moment of the buy.</em>

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Sunland Company issued its 9%, 25-year mortgage bonds in the principal amount of $2,990,000 on January 2, 2006, at a discount of
sveticcg [70]

Answer:

Cash                 2,839,000 debit

discount on BP     151,000 debit

          Bonds Payabl*e          2,990,000 credit

--to record bonds issuance--

interest expense 275,140 debit

        discount on BP          6,040 credit

        cash                         269,100 credit

--to record interest payment--

Explanation:

We will cacualte the cash outlay per interest paymenr

2,990,000 x 9% = 269,100 cash outlay

Then, we divide the discount over the life of the bond to knwo the depreciation:

amortization 151,000 / 25 = 6040

interest expense: 269,100 + 6040 = 275,140

As both, the amortization and cash putlay are fixed th interest entry repeats it selft each year.

4 0
3 years ago
Carly deposited $800 in an account that earns 6% compounded annually. Lara deposited $800 in an account that earns 6% simple int
LiRa [457]

Answer:

Carly will have $1,433 in her account at the end of 10 years.

Lara will have $1,280 in her account at the end of 10 years.

Explanation:

Simpe interest pays the simple trust on the principal amount. There is no reinvestment of interest.

In compounded Interest the Interest earned from the investment is reinvested and again interest on principal and interest amount reinvested is earned.

Carly Deposit balance

Principal amount = $800

Blance after 10 years = $800 ( 1+ 6% )^10 = $800 x 1.791 = $1,433

Lara Deposit balance

Principal amount = $800

Amount of Interest for 10 years = 800 x 6% x 10 = $480

Blance after 10 years = $800 + $480 = $1,280

7 0
3 years ago
The​ ____________ concept is based on the​ development, design, and implementation of marketing​ programs, processes, and activi
crimeas [40]

Answer:

The correct answer is Holistic marketing.

Explanation:

Holistic marketing is a term coined by Philip Kotler, in which the areas of exploration, creation and delivery of the value that a company carries out through the management of relations with all its stakeholders are integrated. This means working with "value" in terms of customer relationships, competition and our network of collaborators.

With this strategy, it is possible to increase the value perceived by all parties, obtaining a high level of quality in the processes and a growth in the share of customers thanks to loyalty. Many times the term is used to refer to 360º (multi-channel) or blended marketing techniques, but in reality it is an expanded value management.

5 0
3 years ago
Contribution margin is:
ddd [48]

Answer:

Sales less variable production, variable selling, and variable administrative expenses.

Explanation:

On a contribution margin income statement the variable administrative and variable selling are considered as variable cost and used to determinate the contribution margin.

Contribution margin =

sales revenue - total variable cost

the fixed cost are listed below the contriution,

once subtracted from the contribution, the rest is the net income.

8 0
3 years ago
According to the box, "Will Strategy Robots Replace Managers?", with robots having the capabilities to do a multitude of busines
musickatia [10]

Answer:

The options for this question are the following:

A. Companies do not want to eliminate all jobs at once.

B. Machines cannot do the jobs of humans, like recommend cancer cures or make banking decisions.

C.  There is a level of reasoning and strategy that only humans have the ability to do.

D. Machines are only useful in manufacturing duties.

The correct answer is C. There is a level of reasoning and strategy that only humans have the ability to do.

Explanation:

There are two variables that limit machines. One is the excessive consumption of energy that some devices require to carry out their activities.

For example, some prototypes that simulate some everyday human tasks, such as walking or doing housework, typically have a battery life of 15-20 minutes.

The second has to do with the costs of incorporating high-end computers that allow robots to recognize spaces and make decisions on the go.

“For a human being it is easy to identify if he is in a room, a room or a hall. Robots need cameras and computers to process that information, "adds Ramírez.

To understand that point, a relationship must be established: a home computer has four cores to process information. However, artifacts of up to 50 cores are needed to perform these space recognition operations in a timely manner, which would increase the cost of robot production.

7 0
3 years ago
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