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wolverine [178]
3 years ago
14

Texas charges 8.5 percent for sales tax. Minnesota doesn’t charge sales tax on clothing. A resident of Texas is going on a trip

to Minneapolis next week and is considering buying some new clothes. However, the traveller will need an extra suitcase to bring the clothing home and the airline charges an extra $25 to check another suitcase on the plane. The traveller has a $300 budget for new clothes. Should she buy the clothes in Texas or Minnesota? Use the smart decision model we learned in class. Justify your answer mathematically and include an emotional evaluation.
Business
2 answers:
scoundrel [369]3 years ago
7 0
6%......................................
Bad White [126]3 years ago
4 0

Answer:  Buy in Texas

Explanation:  Let X be the amount that can spent on clothes in Texas.  The total cost would be:

Total = X + (0.085X)  [The cost of the clostes plus 8.5% sales tax]

$300 = X*(1.085)

X = $276.50 on the clothes

For Minnesota, the total that can be spent on clothes is $300 - 2*(25) = $250 on the clothes.  [$50 is for the extra suitcase, 2*$25 for both ways].

The extra cost of a second suitcase is higher than the sales tax in MN, so Texas is less expensive, in spite of the sales tax.  

Emotionally, it is a hard decision.  MN would seem to offer a more cosmopoliton range of choices than Texas, and that is exciting.  But only a few in Texas wear cosmopoliton, prefering durable, cowboy, big-buckle fashion.  So while not as exciting, your friends won't tease you about your MN style choices.

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nika2105 [10]

Answer:

According to the economists, the resources are scarce and human wants are unlimited. So, it is difficult to satisfy each and every want of people. But according to the theory of abundance, we can overcome from this problem by division and specialization of labor. If there is a proper division of labor according to their specialization then this will increase the productivity and one can produce more goods with the same level of resources.

From this economic practice, we can overcome from the problem of scarce resources.

8 0
3 years ago
casey deesel is a sports agent negotiating a contract for titus johnston, an athlete in the national football league (nfl). an i
anastassius [24]

Based on the available data for a player of Titus Johnston's profile, his guaranteed amount would be $32.74 million.

<h3>Calculations and Parameters</h3>

Given that Casey Deeselis a sports agent negotiating a contract for Titus Johnston, an athlete in the National Football League

He has generated data on 506 NFL athletes who have recently signed new contracts and who get paid a percentage of his team's plays that the athlete is on the field.

With this, each award they get, each minute they spend on the field, each game missed, and then guaranteed money are all accounted for which is displayed in the attached image below.

If we observe the best-pruned tree given below, based on the arrows and circles,

For Snap percent = 96

Awards = 7

Games missed = 3

The conclusion is that with the profile of Titus Johnston, he would receive a guaranteed amount of $32.74 million.

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8 0
1 year ago
What is the foundation for the marketing plan?
malfutka [58]

Answer:

Market analysis

Explanation:

Market analysis is the foundation of the marketing plan. Every marketing plan should include a clear explanation of the market segmentation, target market focus, and a market forecast.

8 0
3 years ago
After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $703,938 and Allo
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The net realizable value of accounts receivable is $684,204

Explanation:

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  • accounts receivable = $703,938
  • doubtful-accounts = $19,734.
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3 years ago
An investment with more liquidity would be ideal for
ollegr [7]

Answer:

An investment with more liquidity would be ideal for someone who knows they will nee cash in the near future.

Explanation:

More liquid assets are those that can be  turn into cash more quickly than those that  less liquid assets.

If one is thinking about investing in a  liquid asset, surely is because it will need the cash in the short run. On the contrary, we could invest in other financial instruments less liquid (typically those who offer higher yields and have  longer terms), because we are not going to need the money for the moment, and we want to take advantage of that to get a higher yields.

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3 years ago
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