Answer:
Check: Review the test, analyze the results, and identify what you’ve learned.
Explanation:
The four phases are:
Plan: identify and analyze the problem or opportunity, develop hypotheses about what the issues may be, and decide which one to test.
Do: test the potential solution, ideally on a small scale, and measure the results.
Check/Study: study the result, measure effectiveness, and decide whether the hypothesis is supported or not.
Act: if the solution was successful, implement it
Answer:
Play miniature golf instead of renting the movie.
Explanation: Marginal utility is the added satisfaction derived from spending an extra unit of money.
Now we can see that the consumer values time at $12 per hour, and they'll spend a total of $24 on watching the DVD because this will take 2 hours, the consumer will also spend just $12 on miniature golf because this takes just one hour.
Now factoring the costs of the DVD and the miniature golf into the equation, we have:
Total cost of renting and watching the DVD:
$4 + $24 = $28
Total cost of playing miniature golf:
$13 + $12 = $25
We can see that the consumer will spend less in playing miniature, while getting the same marginal utility with the other option.
Answer:
$125
Explanation:
Computation for the change in net working capital
Using this formula
Change in net working capital =( Ending Current asset- Ending Current liabilities) - (Beginning Current asset- Beginning Current liabilities)
Let plug in the formula
Change in net working capital =
($493 – $272) – ($328 – $232)
Change in net working capital = $221-$96
Change in net working capital =$125
Therefore the Change in net working capital will be $125
Answer:
Net Accounts Receivable will be understated.
Explanation:
Any uncollectible accounts receivable are unpaid debt by customers and constitute a bad debt expense for the company. As a result of not taking into account uncollectible customer accounts, overstating accounts receivable understates a company's bad debt expense.
