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3 years ago

Define nomal goods examples

Business

1 answer:

elena-14-01-66 [18.8K]3 years ago

7 0

Answer:

Examples of normal goods include food staples, clothing, and household appliances.

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Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring ser

Sedbober [7]

Answer:

1. Predetermined overhead rate of admin costs - $ 27 per user.

2. Profit for TOOT Service - $ 808,725

Profit for TIX Service - $ 165,800

Explanation:

Computation of predetermined overhead rate

Product TOOT 7,700 users

Product TIX 15,600 users

Total users 23,300 users

Predetermined overhead rate per user $ 629,100 / 23,300 = $ 27 per user

Allocation of Admin costs - TOOT - 7,700/ 23.300 * $ 629,100 = $ 207,900

Allocation of Admin costs - TIX - 15,600/ 23,300 * $ 629,100 = $ 421,200

2. Computation of profit per service

TOOT TIX

$ $

Revenues 1,350,000 1.040.000

Less: Engineering costs ( 333,375 ) ( 453,000 )

Less: Allocation Admin costs ( 207,900 ) ( 421,200)

Profit 808,725 165,800

5 0

4 years ago

Kangaroo Autos is offering free credit on a new $10,000 car. You pay $1,000 down and then $300 a month for the next 30 months. T

babunello [35]

Answer:

8,938.0168 present value of the car in Kangaroo Autos.

Explanation:

We will calculate present value of annuity of $300 per month during 30 months at 0.83% discount rate:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C $ 300

time 30 months

rate 0.0083 per month

$300 \times \frac{1-(1+0.0083)^{-30} }{0.0083} = PV\\$

PV $7,938.0168

We will add the 1,000 down payment

7,938.0168 + 1,000 = 8,938.0168 present value of the car in Kangaroo Autos.

4 0

4 years ago

Read 2 more answers

1. Which of the following is the most permanent type of business organization?

DerKrebs [107]

1) The most permanent type of business organization is a Corporation.
It is a company or group of people or an organisation authorized to act as
a single entity (legally a person) and recognized as such in law.
2) Quasi-contracts are based on the theory of Equity. A quasi-contract is a
fictional contract that was created by courts to promote equitable
treatment. It is not an actual, legally-binding document, but instead a legal
substitute for a contract that is formed to impose equity between two
distinct parties.
3) The object of the contract must be lawful.. The object of a contract must
be lawful when the contract is made, and possible and ascertainable by
the time the contract is to be performed.

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3 years ago

What type of relationship do a lawyer and a client have?

GarryVolchara [31]

The answer: an agency relationship

8 0

3 years ago

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The combination of the degree of complexity and the degree of change existing in an organization's external environment is/are c

Marat540 [252]

Answer:

D. environmental uncertainty.

Explanation:

This could be explained to be a condition or situation when an organisation in form of a firm is said to have little or no information about its external environment and in this condition, making it unpredictable; especially when not expected. In other words, the term environmental uncertainty can be easily explained to be unpredicted, unexpected uncertainties that are said to happen in an external environment.

Global warming can be capitalized to be one of the physical and major environmental uncertainties that occurs in such a place.

8 0

3 years ago

Define nomal goods examples​

Define nomal goods examples