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1. What's NOT an assumption we usually make about costly products and services?

zloy xaker [14]

Answer:

B

Explanation:

I would assume the correct answer would be B. This is because when you go to a store you typically assume the higher cost item is of higher quality then the lower cost item. For example: One may buy a yeti cooler over an igloo cooler because the very high price tag makes them feel as if the cooler is just that much better then the competitor. If correct please mark brainliest.

3 0

2 years ago

Mary worked on the assembly line at an automobile assembly plant. People weren't buying as many cars, and she was laid off. How

ahrayia [7]

We will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.

Basically, the cyclical unemployment is the unemployment experience as a result of economic upturn and downturn.

The cyclical type of unemployment are mostly experienced during economic recessions.

It is obvious that people were not buying as many cars because of economic downturn.

Therefore, in conclusion, we will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.

Learn more about this here

brainly.com/question/8865266

7 0

2 years ago

The American Heart Association has just issued a report warning consumers about the negative health effects of eating beef. Whic

Lina20 [59]

Answer:

A. The demand curve will shift to the left, decreasing the price of beef.

Explanation:

As due to the changes in the tastes and preferences of the consumers the change in the demands of the beef and prices will also decrease and the curve will shift to the left and so does the price of the good.

The reports showing the negative effects of the beef on the health of the consumer is likely to make the changes in the market price of the products.

6 0

3 years ago

During 2020, Stellar Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Stellar for a

Ber [7]

Answer:

What is the amount of gross profit realized during 2020?

(460 x $33.30) + (230 x $29.60) + (276 x $18.50) = $27,232

What is the amount of inventory of unsold straight chairs on December 31, 2020?

[(920 - 460) x $56.70] + [(690 - 230) x $50.40] + [(1,610 - 276) x $31.50] = $26,082 + $23,184 + $42,021 = $91,287

Explanation:

lump sum cost of chairs = $137,655

Type Chairs Selling Price Each Total

Lounge chairs 920 $90 $82,800

Armchairs 690 $80 $55,20

Straight chairs 1,610 $50 $80,500

total 3,220 $218,500

if we allocate costs based on resale, then each chair should cost:

Lounge chairs $90 x ($137,655 / $218,500) = $56.70

Armchairs $80 x ($137,655 / $218,500) = $50.40

Straight chairs $50 x ($137,655 / $218,500) = $31.50

contribution margin per chair:

Lounge chairs $90 - $56.70 = $33.30

Armchairs $80 - $50.40 = $29.60

Straight chairs $50 - $31.50 = $18.50

7 0

3 years ago

Harper, Inc., acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2020, for $347,200 in cash. Th

Goshia [24]

Answer:

Kinman Company 272,000 debit

Royalties Kinman Co 54,000 debit

Building Kinman Co 21,200 debit

Cash 347,200 credit

--to record the purchase--

sales revenue 9,960 debit

account receivables 9,960 credit

inventory 6,972 debit

cost of goods sold 6,972 credit

--to record the unsold part of the inventory in Kinman--

Cash 6,000 debit

Kinman Company 6,000 credit

-- to record dividends--

loss on investment 18,240 debit

retained earnings 9,680 debit

Kinman Company 27,920 credit

--to record net loss of Kinman--

Explanation:

60% of Kinman Company:

680,000 x 40% = 272,000

Excess in Market value of building:

117,800 - 64,800 = 53,000

53,000 x 40% = 21,200

Royalty agreement market value: 135,000

135,000 x 40% = 54,000

Total Value:

272,000 + 21,200 + 54,000 = 347,200

now, we must "unrecord" the unsold part of the inventory of Kinman as it is now considered a intra-entity transaction.

Sales Revenue:

24,900 x 40% = 9,960

Cost of Good Sold:

77,700 x 24,900/111,000 x 40% = 6,972

Dividends: they are not considered gain but a distribution of cash from Kinman to us.

15,000 x 40% = 6,000

Losses impact the equity thus, decrease the Kinman Company account

45,600 + 24,200 = 69,800

69,800 x 40% = 27,920

The comprehensive loss will directly decrease retained earnigns rather a loss directly.

45,600 x 40% = 18,240

24,200 x 40% = 9,680

The rest of the transactions occurs in 2021 and we are only asked for 2019/2020

4 0

2 years ago