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2 years ago

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David taylor purchased a teapot for $23.95, a coffee maker for $33.95, and a deluxe microwave for $196.75 for his mother's birth

day. the state tax is 6.5% and the city tax is 1.5%. what is the total purchase price? $275.02 $345.98 $245.89 $254.65 save and exit

1 answer:

Kaylis [27]2 years ago

6 0

The answer is $275.02

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Customers are usually more willing to pay more for the first unit of a good they purchase than for the second, third, or subseq

Oksana_A [137]

Answer: Option C

Explanation: The given case, illustrates the law of diminishing marginal utility. As per this law, as the consumer consumes more and more of goods the marginal utility from every additional unit tends to decrease.

This makes the demand curve of the individual, slope downward. As the utility satisfaction decreases the price consumer willing to pay decreases .

Hence from the above we can conclude that the correct option is C.

7 0

3 years ago

Myriad Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $320 million on January 1, 2018, for $283,294,7

Olegator [25]

Answer:

<u>Balance sheet:</u>

Net liability = $285,349,947

<u>Income statement:</u>

Interest expense = $34,055,227

Statement of cash flows:

Operating: $32,000,000

Investing: Nil

Financing: $283,294,720

Explanation:

The workings are attached:

<u>Balance sheet</u>

Net liability = carrying value at the end of the year = $285,349,947

This will appear in the balance sheet as net liability.

<u>Income statement:</u>

Interest expense will be appearing in the income statement.

Interest expense = $32,000,000

<u>Statement of cash flows:</u>

<u>Operating cash flow:</u>

Cash flow from operating activities (CFO) indicates the amount of money a company brings in from its ongoing, regular business activities, such as manufacturing and selling goods or providing a service to customers. It is the first section depicted on a company's cash flow statement.

Operating: It is the interest expense = $32,000,000

Investing cash flow:

Cash flow from investing activities is one of the sections on the cash flow statement that reports how much cash has been generated or spent from various investment-related activities in a specific period. Investing activities include purchases of physical assets, investments in securities, or the sale of securities or assets.

Investing: This will be nil, as this is not an investment

Financing cash flow

Cash flow from financing activities (CFF) is a section of a company's cash flow statement, which shows the net flows of cash that are used to fund the company. Financing activities include transactions involving debt, equity, and dividends

Financing: This will be the $283,294,720

4 0

3 years ago

The richest 20 percent of the families in the united states receive approximately ______ percent of total income.

Jobisdone [24]

The answer would be 50%.

I hope this helps!

6 0

3 years ago

makkiz [27]

I think that’s true but I’m not sure

4 0

3 years ago

The owners of a local business are making a rational decision about how many workers to hire. How many workers would cause the m

Gekata [30.6K]

<h2>10 workers would cause the marginal to exceed the marginal benefits.</h2>

Explanation:

Let us understand the term "Marginal benefits".
It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
In terms of producers, the marginal benefit is termed as marginal revenue.
Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
Marginal revenue always falls below marginal cost.
It is the revenue that the organization receives for selling one additional unit.

8 0

3 years ago

Read 2 more answers