Answer:
Sagoff's cost-benefit approach establishes that the value of a thing is determined by how much people are willing to pay for it, so the only important values are the ones that the market can assign. This is why that approach is not suitable for explaining our duties with our environment, since we cannot pay for it and the market cannot assign any value to the environment.
Sagoff is a neo-Kantian ethicist because he also believes that individuals were the judges of value (they could assign value to things) not only for them but for their whole communities.
Sagoff's approach differs from Kant's approach since Sagoff believes that the cost-benefit approach doesn't apply to all the goods and services, especially the environment. He believes that the environment has an intrinsic value and therefore is an end to itself, while Kant believed that only humans had intrinsic value and could be an end to themselves.
Answer:
c. competitive advantage
Explanation:
-Marketing mix refers to the internal strategy developed by a company to market its product based on four factors: price, place, promotion and price.
-Product parity is a product that is similar to other products in the same category.
-Competitive advantage is the feature that allows a company to have a better performance than its competitors.
-Competitive parity is when a company achieves the same performance that the competitors have.
According to this, the answer is that this is an example of communicating a product's competitive advantage because the lower price is the feature that would allow the company to differentiate from the competition.
Answer: Project X
Explanation:
The Payback period is the amount of time it would take for the cash inflows accruing from an investment to payoff the cost of the investment.
Project X has a constant cashflow of $24,000 for 3 years and a cost of $68,000 for the Payback period is;
= 68,000/24,000
= 2.83 years
Project Y has an uneven cash flow with a cost of $60,000. Payback is calculated as;
= Year before payback + Amount left to be paid/cashflow in year of payback
Year before payback = 4,000 + 26,000 + 26,000
= $56,000
This means that the third year is the year before payback.
60,000 - 56,000 = $4,000
Payback period = 3 + 4,000/20,000
= 3.2 years
Based on a Payback period of 3 years, only Project X should be chosen as it pays back in less than 3 years.
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Answer:
Interest expense = 30,000*5%*1/12
Interest expense = 30,000*0.00416666667
Interest expense = $125.0000001
The journal entry will be:
Description Debit Credit
Interest expense $125
Notes payable $441.14
Cash $566.14