Answer:
Consumers would not keep buying ice cream at $2.75 because after purchasing a certain amount of ice cream, utility would be maximised and consumers would not value ice cream at $2.75 anymore. Consumers would not purchase a product it the marginal utility that would be derived from consuming the product is less than the price.
According to the law of diminishing marginal utility, as more units of a product is increased, total utility increases but at a decreasing rate.
Explanation:
Marginal utitiy is the increase in utility that is derived from consuming one more unit of a product.
There are two main ways to process debit and credit card transactions. The first is to swipe the card on a machine that reads your information based on your strip. The strip will automatically take money from your debit account with a PIN authorizing the transaction. If you swipe a credit card, it will ask for a signature. Another way a machine can read your information is by use of a chip. The chip is embedded in the card and it reads and authorizes your information once its slid in and accepted.
Answer:
C.) Cash budget.
Explanation:
As the name sounds is exactly what it directly entail; as it explains the direct input and output flow pattern of cash in a said organisation or firm. And in most cases, it is seen to access these funds and their usage pattern.
In this case, it can know and give heads up on when their is cash shortage or when a form does not have enough liquidity funds to run it. That is why here, direct and labour budgets are parts of what makes up the cash budget.
Answer:
$57,400
Explanation:
The computation of the estimated total manufacturing overhead for the Customizing Department is shown below:
= Total fixed manufacturing overhead cost + Direct labor-hours × Variable manufacturing overhead per direct labor-hour
= $35,000 + 7,000 direct labor hours × $3.20
= $35,000 + $22,400
= $57,400
All other information that is given in the question is ignored.
Answer:
$6,500
Explanation:
Calculation for the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp
Based on the information given we were told that the Jazz's Corporation owns part of Williams Corp. stock which is 50% in which Williams Corp. stock distributed the amount of $10,000 dividend to Jazz Corporation which means that Jazz Corporation share in Williams stock is higher than 20% and as well lower than 80% based on this Jazz Corp.'s will be entitled to dividend received deduction of 65% calculated as:
Dividends received deduction =$10,000 × 65%
Dividends received deduction=$6,500
Therefore the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp will be $6,500
