Answer:
Psychological pricing
Explanation:
Psychological pricing also known as price ending, charm pricing is a pricing and marketing strategy based on the theory that prices produces a psychological impact. This involves setting prices as odd prices being a little less than a whole number such as $9.99 or £2.99. It is believed that consumers think that this prices are lower than they actually are.
Answer:
$2,250,000
Explanation:
The computation of retained earnings is shown below:-
Retained earnings 31/1/17 = Retained earning 1/1/17 + Net income of current year - Understatement of depreciation expenses - Dividends declared
= $2,000,000 + 1,000,000 - $430,000 - $320,000
= $2,250,000
Therefore for computing the retained earnings 31/1/17 we simply applied the above formula.
As we assume that the question is asked for the 31/1/17 instead of 1/1/17 as it is already mentioned in the question
<span>No, Herman is not discriminating based on age so he is not violating the age discrimination in employment act. What he is doing is requesting recent employment history because the recent history given is at least 20 years old. This has nothing to do with the age of the applicant, which is what is necessary for there to be a discrimination, but all to do with whether the applicant has recent relevant experience.</span>
Answer:
1) current ratio = current assets / current liabilities
current assets include cash + accounts receivable + prepaid expenses + inventory
current liabilities include liabilities and equity amounts payable
- current ratio 2015 = ($34,254 + $45,211 + $49,629 + $3,960) / $47,057 = 2.83
- current ratio 2016 = ($32,545 + $58,094 + $76,014 + $8,629) / $67,377 = 2.60
- current ratio 2017 = ($27,286 + $79,083 + $98,417 + $9,056) / $119,855 = 1.78
2) acid test ratio = (current assets - inventory) / current liabilities
- acid test ratio 2015 = ($34,254 + $45,211 + $3,960) / $47,057 = 1.77
- acid test ratio 2016 = ($32,545 + $58,094 + $8,629) / $67,377 = 1.47
- acid test ratio 2017 = ($27,286 + $79,083 + $9,056) / $119,855 = 0.96
