Answer:
$135.54
Explanation:
Calculation for the price of hockey skates in the United States
Using this formula
Price of hockey skates=Hockey skates sale × Spot rate Ph
Let plug in the formula
Price of hockey skates= 135.00 × $1.004Ph
Price of hockey skates=$135.54
Therefore the price of hockey skates in the United States is $135.54
Answer: Economic cost = $175,000
Accounting cost = $100,000
Explanation: The difference between economic cost and accounting coast is economic cost takes into consideration the next best alternative foregone, that is, opportunity cost whereas accounting cost only sums cost incurred. In the given case the interest on savings and salary of job is the opportunity cost of Jill.
Therefore,
Economic cost = $5000 + $70,000 + $80,000 + $40,000 - $20,000=$175,000
Accounting cost = $80,000 + $20,000 = $100,000
Answer:
diminishing marginal utility.
Explanation:
The term diminishing marginal utility is used to describe the common pattern whereby each marginal unit of a consumed good provides less of an addition to utility than the previous unit.
In Economics, The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.
<em>For example, buying a chocolate bar and eating it may satisfy your cravings but eating another one wouldn't give you as much satisfaction as the first due to diminishing marginal utility. </em>
Answer:
Hence, The division's return on investment (ROI) is closest to 32.7%
Explanation:
Return on Investment : It show a ratio between net operating income and average operating assets so that company get to know how much the return is available during a period.
The formula to compute return on investment is shown below:
= Net operating income ÷ Average operating assets
= $1,141,700 ÷ $3,495,000
= 32.7%
Since the total sales and require rate of return is irrelevant while computing the ROI. So, it would not be considered in computation part.
Hence, The division's return on investment (ROI) is closest to 32.7%
The international planning process is a measure used by companies that wish to expand their businesses to other countries. After the first stage of analyzing and screening the new market, the consumer products company should move to the next phase which is;
- Evaluating the marketing mix to target markets.
There are 4 phases in the international planning process which include; analysis and screening, adoption of the correct market mix, development of a marketing plan, and implementation/control.
For the consumer products company above that has established the screening criteria, they must ensure that they adopt the right market mix that will suit the organization.
This means that the product, place, price, and promotion should be right.
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