1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Cerrena [4.2K]
2 years ago
7

Why do you think that people might treat a small purchase like a snack, differently from the way they would treat the purchase o

f something like a washing machine? Do you consider yourself a smart consumer? Why ?
Business
1 answer:
Eva8 [605]2 years ago
8 0
I think people would treat a small purchase like a snack differently than that of a bigger purchase like a washing machine because they would like to save up money and spend less. By buying a snack it’s a very small amount of money whereas a washing machine is a big amount of money so most people would by a snack rather than a washing machine mostly if they had little money because if the bought a washing machine they would either have a very little bit of money left or no money at all. Also I would consider myself a smart consumer because I only buy things or spend my money if I really need the thing that I am spending my money on.
You might be interested in
The price elasticity of demand is equal to the​ ________ in the​ ________ divided by the​ ________ in the​ ________.
Helga [31]

b. percentage​ change; quantity​ demanded; percentage​ change; price

5 0
3 years ago
The Assembly Department produced 1,000 units of product during March. Each unit required 1.25 standard direct labor hours. There
frutty [35]

Answer:

Debit Work in process for $15,625

Debit Direct labor time variance for $625

Credit Direct labor rate variance for $650

Credit Wage payable for $15,600

Explanation:

Before preparing the journal, the following calculations are done first:

Wage payable = Actual hours * Actual rate per hour = 1,300 * $12 = $15,600

Direct labor time variance = (Actual hours - Standard hours) * Standard direct labor rate = (1,300 - (1,000 * 1.25)) * $12.50 = $625 Unfavorable

Note: Direct labor time variance is Unfavorable because Actual hours is greater than Standard hours.

Direct labor rate variance = (Actual rate - Standard rate) * Actual hours = ($12 - $12.50) * 1,300 = -$650 Favorable

Note: Direct labor rate variance if Favorable because Actual rate is lower than the Standard rate.

Work in process = Wage payable + Absolute value of direct labor rate variance - Direct labor time variance = $15,600 + $650 - $625 = $15,625

The journal entries will now look as follows:

<u>Date           Particulars                                         Debit ($)           Credit ($)   </u>

Mar. 31       Work in process                                  15,625

                  Direct labor time variance                      625

                  Direct labor rate variance                                                 650

                  Wage payable                                                               15,600

<u><em>                   (To record the direct labor in the Assembly Department.)       </em></u>

4 0
3 years ago
Cost-benefit analysis is similar to which of the following?
Juliette [100K]

sio lsupira et el odriai

7 0
3 years ago
Read 2 more answers
If the production of a good created both external costs and external benefits, but the external costs were greater, without gove
hichkok12 [17]

If the production of a good created both external costs and external benefits, but the external costs were greater, without government intervention, a market economy will ​not produce the product at all.

In the production and consumption of goods and services, there exist costs that are passed on to a third party. The general public, who is ultimately responsible for paying for them, is in fact subsidizing goods and services with external costs.

External costs are still necessary to be paid for even when they are not included in the product's price. It is ultimately the responsibility of society as a whole to pay for external costs through taxes, accident compensation, medical expenditures, insurance premiums, deterioration in environmental quality, and losses in natural capital.

Usually, the price of goods and services includes External costs, which results in a higher overall cost. Because consumers frequently select the lowest options, clean, sustainable products have a pricing disadvantage.

Learn more about External costs here

brainly.com/question/13524644

#SPJ4

3 0
2 years ago
Which document puts you at the LEAST risk of identity theft?
Radda [10]
Cash receipts put you at the least risk of identity theft. They contain absolutely nothing useful for those who would like to steal your identity and are completely anonymous.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Identity-__________ individuals lack clear direction. they are not committed to values or goals, nor are they actively trying to
    7·1 answer
  • Mass production and the concept of interchangeable parts prompted greater development during the Industrial Revolution.
    13·1 answer
  • Entries to Write Off Accounts Receivable Creative Solutions Company, a computer consulting firm, has decided to write off the $1
    6·1 answer
  • A monthly water bill (in dollars) is a linear function of the amount of water the hose uses (in hundreds of cubic feet, HCF) the
    7·1 answer
  • The following information relates to the manufacturing operations of the JNR Printing Company for the year:
    10·1 answer
  • Assume that you own a small boutique hotel. In an attempt to raise revenue you reduce your rates by 20 percent. However, your re
    15·1 answer
  • "You purchased GARP stock one year ago at a price of $68.54 per share. Today, you sold your stock and earned a total return of 1
    11·1 answer
  • An owner of land may involuntarily and unknowingly give up the rights to land. When a fee simple interest is conveyed to a new o
    8·1 answer
  • Abby's Designer Wear is a large boutique of designer clothes. Over the past year, the business slowed down, and the boutique sta
    9·1 answer
  • Lindsay took out a(n) to purchase her new home. she used in the form of the property to back the loan. lindsay also paid money i
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!