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tia_tia [17]
2 years ago
14

Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for

goods and services.
a. Caroline spends $10 to get her car washed.
b. Antonio spends $150 to purchase a necklace from Classy's jewelry Store.
c. Antonio earns $275 per week working for Spotless Car Wash.
Business
1 answer:
USPshnik [31]2 years ago
8 0

Answer:

Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.

a. Caroline spends $10 to get her car washed.

b. Antonio spends $150 to purchase a necklace from Classy's jewelry Store.

<h2>c. Antonio earns $275 per week working for Spotless Car Wash.</h2>
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Which statement best summarizes the relationship between investments and
Illusion [34]

Answer:

I believe that the answer is option A

7 0
3 years ago
Ranada Company manufactures and sells sportswear products. Ranada uses activity-based costing to determine the cost of the custo
mote1985 [20]

Answer: The customer cost for combined shipping and returns of Product 1 is <u>$6.25 per unit.(option c)</u>

We arrive at the answer as follows:

<u>A. Calculating cost of returns</u>

Cost of returns = Cost per returns * Number of returns

Cost of returns = 45 * 150

Cost of returns = 6750

<u>B. Calculating Cost of shipments</u>

Cost of shipments = Rate per shipment * Number of shipments

Cost of shipments = 10 * 1200

Cost of shipments = 12000

C.Calculate total cost of shipments and cost of returns

Total Cost = Cost of shipments + Cost of returns

Total Cost = 12000 + 6750

Total Cost = 18750

<u>D. Calculate cost per unit</u>

Cost per unit = \frac{Total Cost}{Number of units shipped}

Cost per unit = \frac{18750}{3000}

<u>Cost per unit = 6.25</u>







4 0
4 years ago
Shoeleather cost refers to:
deff fn [24]

Answer: Option a

             

Explanation: In simple words, the value of effort and time (or economic cost of effort and time) which individuals spend by keeping less money to offset the inflation tax they pay on cash holdings whenever higher inflation occurs is called shoe leather cost.

Increased cost of shoe-leather is one of the inflationary impacts. In a time of high inflation, individuals are discouraged from keeping large sums of money because their worth is rapidly deteriorating compared to the economy's increasing prices.

3 0
3 years ago
Davis and Thompson have earnings of $850 each. The social security tax rate is 6% and the Medicare tax rate is 1.5%. Assuming th
Phoenix [80]

Answer:

127.50

Explanation:

850x2 employees=1700

1700x.075(7.5%)=127.50

8 0
3 years ago
Roberto Designers was organized on January 1, 2018. The firm was authorized to issue 140,000 shares of $5 par value common stock
Phoenix [80]

Answer:

The total stockholder's equity at the end of the year will be $352,000.

Explanation:

The issue of common stock at $7/share= 14,000*$7=$98,000

The issue of common stock at $8/share= 28,000*$8=$224,000

The net income is $140,000.

The dividends paid= $70,000.

Purchase of treasury stock= 4000*$10=$40,000

The total stockholder's equity

=The issue of common stock at $7/share+The issue of common stock at $8/share+The net income-The dividends paid-Purchase of treasury stock

=$98,000+$224,000+$140,000- $70,000-$40,000

=$352,000.

7 0
4 years ago
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