All of the following are true statements EXCEPT:

Oscar makes purchases of an existing product (X) such that the marginal utility of the last unit he consumes is 10 utils and the

sammy [17]

Answer:

INCREASE in Consumption of product Y

DECREASE in Consumption of product X

Explanation:

Based on the information given we were told that the already existing product (X) has a marginal utility of 10 utils as well as the price of the amounts of $5 while the new product (Y) has a marginal utility of 8 utils as well as the price of the amounts of $1 which means that PRODUCT Y marginal utility and price is lower than that of PRODUCT X marginal utility and price.

Therefore equal marginal principle suggests that Oscar should INCREASE his consumption of product Y and DECREASE his consumption of product X reason been that product Y has a lower marginal utility of 8 utils and the price of the amounts of $1 which means that his consumption of Product Y has to be INCREASED while product X on the other has a higher marginal utility 10 utils as well as the price of the amounts of $5 which means that his Consumption of Product X has to DECREASED.

7 0

3 years ago

Sanford Co. sells $500,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the

Ilya [14]

Answer:

Sanford Co.

Bond Amortization Schedule

Period PV PMT Interest FV

1 $468,951.03 $25,000.00 $28,137.06 $472,088.09

2 $472,088.09 $25,000.00 $28,325.29 $475,413.38

Year #1 end

3 $475,413.38 $25,000.00 $28,524.80 $478,938.18

4 $478,938.18 $25,000.00 $28,736.29 $482,674.47

Year #2 end

5 $482,674.47 $25,000.00 $28,960.47 $486,634.94

6 $486,634.94 $25,000.00 $29,198.10 $490,833.04

Year #3 end

7 $490,833.04 $25,000.00 $29,449.98 $495,283.02

8 $495,283.02 $25,000.00 $29,716.98 $500,000.00

Year #4 end

Explanation:

a) Data and Calculations:

Face value of bonds = $500,000

Proceeds from bonds = $468,951

Bonds Discounts = $31.049

Coupon interest rate = 10%

Effective interest rate = 12%

N (# of periods) 8

I/Y (Interest per year) 12

PMT (Periodic Payment) 25000

FV (Future Value) 500000

Results

PV = $-468,951.03

Sum of all periodic payments $200,000.00

Total Interest $231,048.97

8 0

3 years ago

Nu Company reported the following pretax data for its first year of operations. Net sales 2,800 Cost of goods available for sale

VLD [36.1K]

Answer:

$144

Explanation:

The computation of the net income is shown below:

Net income = Net sales - Cost of goods sold - operating expenses - income tax expense

where,

Cost of goods sold = $2,800 - $880 = $1,680

Income tax expense = ( Net sales - Cost of goods sold - operating expenses) × tax rate

= ($2,800 - $1,680 - $880) × 40%

And, the other items values would remain the same

Now put these values to the above formula

So, the value would equal to

= $2,800 - $1,680 - $880 - $96

= $144

3 0

4 years ago

Nick manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday,

adelina 88 [10]

Answer:

I believe the answer is B, so Shoe leather Cost

4 0

3 years ago

Operating data for Swifty Corporation are presented below. 2022 2021Sales revenue $830,700 $634,900 Cost of goods sold 529,000 4

Anastaziya [24]

Answer and Explanation:

The preparation of the vertical analysis is presented below:

Particulars Amount % Amount %

Sales $830,700 100 $634,900 100

Less:

Cost of goods sold $529,000 63.7 $415,000 65.4

Gross Profit $301,700 36.3 $219,900 34.5

Less:

Selling Expenses $124,700 15.0 $73,600 11.6

administrative expenses $78,800 9.5 $53,900 8.5

Total Operating

expenses $203,500 24.5 $127,500 20.9

Income before

income taxes $98,200 11.8 $92,400 14.5

Less:

Income tax expenses $33,500 4.0 $23,400 3.7

Net Income $64,700 7.8 $69,000 10.8

Working note

The percentage is like

= Items value ÷ sales × 100

Like for cost of goods sold

= $529,000 ÷ $830,700 × 100

= 63.68%

It is same applicable for other items also

7 0

4 years ago