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2 years ago

What term is best described as the additional satisfaction gained from purchasing a good given the price of the product?.

1 answer:

4 0

Please note that the term marginal utility is used to describe the additional benefit or utility gained by a consumer from purchasing and using an additional unit of a product or service.

<h3>What is Marginal Utility used for?</h3>

In social science - economics, Marginal Utility is used to calculate how much of an item or service a consumer will be ready or willing to purchase.

It aids the economist to determine consumer behavior in relation to the way a person would spend their income on various goods in order to gain the most benefit possible.

See the link below for more about Marginal Utility:
brainly.com/question/15050855

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In the context of the different techniques used by an inference engine to manipulate a series of rules, _____ refers to a series

Volgvan

In the context of the different techniques used by an inference engine to manipulate a series of rules, <u>forward chaining</u> refers to a series of "if-then-else" condition pairs.

<h3>What is an inference engine? </h3>

An inference engine is a part of the system that applies logical rules to the knowledge base to deduce new information. The first inference engines were components of expert systems.

Therefore, the correct answer is forward chaining.

learn more about forward chaining: brainly.com/question/15303791

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2 years ago

Dear Mr. Chandler: The early bird catches the worm! Register at MyBirdWatch.com now and be one of our first 100 members. Read on

NeX [460]

Hmmm who’s Mr.Chandler here

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3 years ago

Help me to answer thi Q! Thanks!

cestrela7 [59]

Divide the numbers on the first graph by 1’s and you get your answer

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3 years ago

Recall the components of internal control. identify the internal control weakness in this situation, and propose a way to corre

ale4655 [162]

Answer:

The internal control weakness includes:

1. The credit department receives incoming cash from the customers.

2. A credit department can pocket cash received from a customer and copies all remittance slips for the controller, then destroy the remittance slip.

3. The credit department can then write off customer's account as uncollectible, and the company will stop pursuing collection from the customers

Explanation:

To begin, it is important to understand the concept of Internal Control. Internal control can be generally understood as the procedures determined to ensure organization's objectives in efficiency and effectiveness, reliable financial reporting and compliance with existing organization's rules and regulations.

Hence, internal control is meant to strengthen the achievement of an organization's objectives. Thus, we have seen a number of weaknesses from the scenarios painted above. It must be stated that the weaknesses stem from the fact that the company receives incoming cash receipt from customers.

To avoid and prevent this, a company should have a cash go to a clocked box at the bank. With this, the weaknesses emanating from physical cash handling by the credit department will be eliminated.

Taking a critical look at the internal control procedures, it'll be observed that the policies adopted on cash receipt is one not generally in tune with best practices. Hence, to strengthen the control, a cash go to a clock box at the bank should be created to facilitate and encourage customers' deposits in the banks. Doing this will ensure the department rids of weaknesses emanating from this cash treatment, and point number 2 and 3 as stated above can be easily resolved.

6 0

3 years ago

[The following information applies to the questions displayed below.] Vail Resorts, Inc., owns and operates five premier year-ro

Sphinxa [80]

Answer:

JOURNAL ENTRIES

01 Dec Debit bank $2,900,000 Credit Note payable $2,900,000

31 Dec Debit Snowplow $95,000 Credit Bank $95,000

c) Debit inventory $31,000 Credit Accounts Payable $31,000

d) Debit Maintenance expense $55,000 Credit Bank $55,000

e)Debit Bank $378,000 Credit Season Passes $378,000

f) Debit Accounts receivables $740 Credit Revenue $740

g) Debit Cost of sales $420 Credit Inventory $420

h) Debit Bank $260,000 Credit Daily lift passes $260,000

i) Debit Bank $2,200 Credit refundable deposit $2,200

j) Debit Accounts payable $15500 Credit Bank $15,500

k) Debit Bank $410 Credit Accounts receivables $410

l) Debit Salaries and Wages $264,000 Credit Bank $264,000

Explanation:

1. Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

8 0

3 years ago