Amy ordering more expensive foods and deciding to share the bill means
she is less price sensitive .
Less sensitivity of price usually occurs when there aren't available
substitutes for a particular product. Amy and Jude visits the restaurant for
lunch in which the price here is always fixed with no alternatives.
This makes Amy order the food regardless despite the idea of sharing the
cost with the other party. This thereby means that she is less sensitive to the
price when sharing the cost.
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If a person wanted to purchase his or her dream car, and keep it for many years, is leasing or buying the better option? Why? a. Buying would be the better option because the overall cost would be less. After the car is paid off, the owner gets much more value from the car, having already paid it off. B. Leasing would be the better option, so the newest model could be driven every few years. C. It wouldn't matter, as long as the person got to drive the dream car. D. Leasing would be the better option because it would allow the person to customize the car and drive it as much as he or she wants.
Answer: A. Buying would be the better option because the overall cost would be less. After the car is paid off, the owner gets much more value from the car, having already paid it off
Explanation:
The best thing that a person can do if they want their dream car is buying because a. Buying would be the better option because the overall cost would be less. After the car is paid off, the owner gets much more value from the car, having already paid it off.
Why is buying better?Once you buy your car, it is yours and you can do with it as you please instead of observing stringent rules that come with leasing.
The total cost would also be less because you would have bought the car at a once off amount instead of an amount that has interest.
In conclusion, option A is correct.
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WHY ARE BLACK PEOPLE POOR
Answer:
Poverty and race are not the same things. Poverty is a circumstance. And like most circumstances, poverty has the ability to change. Poor can become middle class. Middle class can become rich. When you think of a poor person, what is that person’s color? I’ll start. I see a Black person.Black people are overrepresented in political discussions about poverty. The reality is, the vast majority of Black Americans are not living in poverty.
Explanation:
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The fundamental problem with the option ARM loan, as most commonly used, was that it created a rapid increase in the:
Based on loan and credit analysis, the fundamental problem with the option ARM loan, as most commonly used, was that it created a rapid increase in monthly payments.
This situation is often described as payment shock risk.
In this option ARM loan, the monthly payments increase based on many reasons like unscheduled recast when a negative amortization limit is attained.
Hence, in this case, it is concluded that the correct answer is "monthly payments."
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X-Co issued 1,000 shares of its 5%, $100 par value, cumulative preferred stock for $100 cash per share. The journal entry to record this event includes a ______. (Check all that apply.)
Answer:
- $100,000 debit to cash
- $10,000 credit to preferred stock
- $90,000 credit to additional paid-in capital
bonds that require payment of the full principle amount of the bond at the end of the loan term are referred to as
The type of bonds which requires payment of the full principal amount of the bond at the end of the loan term is known as Term bond.
The Term bond are debt securities which are issued by companies or government to investors with scheduled maturity dates.
In other word, the term bond matures on a specific date in the future.
The period of term bond is the between the time of bond's issuance and the scheduled maturity period.
Therefore, in conclusion, the term bond is the bond requires payment of the full principal amount of the bond at the end of the loan term.
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Jorge, the marketing manager for an automobile manufacturer, observes frequent conflicts between two of his subordinates, Taylor and Liu. He asks the human resource department to help, and the department's training manager investigates. She tells Jorge that the two subordinates lack interpersonal communication skills but would be likely to improve with proper training. This scenario suggests that the training manager has conducted a(n) __________ analysis.
The training manager in the scenario described has identified that both employees needs training and the type of training they need. Hence, he has conducted a person analysis.
Person analysis requires that the behavior and attitude of employees or an individuals are observed in other to depict which of the employees lacks a certain office or work training, after which they type of training required is then laid out.
Hence, these set of study on employees refers to person analysis.
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If the number of unemployed workers is 200 million, and the number in the labor force is 500 million, what is the unemployment rate
Answer:
The unemployment rate is 700 million
Explanation:
I know this because you need to add the amount of unemployed with the labor forced and the labor forced id not employed because they are forced to work so they are not working there because they want to so they did not choose to employ there
deductions and credits can _______ what you owe in taxes each year.
Answer: Decrease or Reduce
Based on taxation analysis, the deductions and credits can reduce what you owe in taxes each year.
This is because the tax deduction is a term used to describe what reduces how much of your income is liable to taxes.
Similarly, tax credits outright reduce the amount of tax you are deemed to pay.
Tax credits reduce the amount of tax to pay directly. For example, a tax credit of $2000 reduces your tax liability by $2000.
Hence, in this case, it is concluded that the correct answer is "reduce."
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One of the reasons that a rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer's true cost of living, is: substitution bias attribution bias complimentary bias preference bias
The effect that occur when there is rise in price of fixed basket of goods, which actually brings about the rise in a consumer's true cost of living is substitution bias .
Substitution bias can be regarded as effect that do occur when there is change in price of goods are relative to each other.In this case, the consumer usually leave the high priced goods for cheaper ones because of change in price.Therefore, option A is correct.
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Which concept is NOT basic to definition of economics?
O Choice
O Bartering
O Rational self-interest
O Scarcity
Answer:
O Rational self-interest
Explanation:
when a country that exported a particular good abandons a free-trade policy and adopts a no-trade policy
Answer:
producer surplus increases and total surplus decreases in the market for that good.
A mountain bike is priced at $413. If the sales tax is 6. 5 percent, what is the cost to purchase the mountain bike? Round to the nearest cent if necessary. $26. 85 $28. 91 $437. 78 $439. 85.
Answer:
A
Explanation:
A. the answer to this question
an important feature of a job order cost system is that each job
Answer:
Job order costing is useful for determining if a job is profitable. It helps the company make estimates about the value of materials, labor, and overhead that will be spent while doing that particular job
Explanation:
Stevie recently received 1,000 shares of restricted stock from her employer, Nicks Corporation, when the share price was $8 per share. Stevie's restricted shares vested three years later when the market price was $11. Stevie held the shares for a little more than a year and sold them when the market price was $16. What is the amount of Stevie's ordinary income with respect to the restricted stock?
A. $0.
B. $11,000.
C. $5,000.
D. $8,000
Answer:
It's D - $8,000
Explanation:
8 * 1,000 = 8,000
If an item tends to be very expensive to repair, how might that affect your decision to purchase a warranty for it? a. If an item is very expensive to repair, it is probably easier to buy a new one than to repair it, so a warranty is probably not worth it. B. The price of a warranty is based on the price of the repairs, so a warranty might not be a good idea. C. Buying an extended warranty might be a good idea so that you do not have to repair the item yourself. D. Buying a limited warranty might be a good idea because limited warranties sometimes do not deal with repairs, meaning that you will not have to handle these expensive repairs.
Since the item is very expensive to repair, C. Buying an extended warranty might be a good idea so that you do not have to repair the item yourself.
An extended warranty ensures that the responsibility for repairs rests with the seller and not the buyer. The seller who gives the extended warranty will also be in the best position to repair the expensive item because it has developed the required in-house expertise.
Thus, an extended warranty, despite its high cost, ensures that the expensive item is repaired by the seller.
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Answer:
c
Explanation:
which of the scenarios is the best example of a firm practicing perfect price discrimination?
Which of the following would most likely be considered an expense in a budget?
A. Groceries
B. Rent
C. All of these
D. Car Loan
Answer:
C
Explanation:
Everything in life is an expense for me
What are the four (4) stages of an economy?
A. Recession, Growth, Inflation, Depression
B. Expansion, Peak, Contraction, Trough
C. Expansion, Inflation, Contraction, Depression
Answer: B
Explanation: what business believe will generate the most profits
Which document not only helps in a job search but also helps in job advancement?Apart from a job search, a “blank”
also helps in job advancement.
Answer:
resume
Explanation:
A resume aids the job-seeking process in that it: organizes experiences and skills.
The document not only helps in a job search but also helps in job advancement. Apart from a job search, a resume also helps in job advancement.
What is job?
The term “job” refers to being employed by a particular company. The job creates an opportunity to build a career. A job provides financial support and allows you to gain experience. There are producers, builders, thinkers, and improvers.
A resume assists in the job-search process by organizing experiences and skills. A resume is required for nearly everyone who applies for a job. A brief written account of your schooling, qualifications, and past positions that you send to a company when looking for work. A resume is a legal statement created by a job candidate to list their qualifications for a job.
As a result, the document not only helps in a job search but also helps in job advancement.
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An example of a trade off is:
a.going to a movie to see your favorite actor
b.going to a movie because it got good reviews
c.giving up going to a movie because it got bad reviews
d.giving up going to a move to spend time shopping
giving up going to move to spend time shopping..
how are the market and enterpreneurship related with each other?
Marketing is a vital process for entrepreneurs because no venture can become established and grow without a customer market. The process of acquiring and retaining customers is at the core of marketing.
Further, marketing provides an effective vehicle for achieving entrepreneurship within the corporation. As some have argued, marketing is the home for the entrepreneurial process. As a process, a firm's entrepreneurial orientation has three key dimensions: innovativeness, risk taking, and proactiveness.
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what unusual step did oregon take to increase voter registration?
Oregon increased voter registration by automatically registering all citizens over the age of eighteen to vote.
Registration is a process that Americans must go through once they reach the age of majority to access the right to vote and participate in elections. However, many people are unaware of this process and do not register so they cannot vote in elections.
The state of Oregon decided to register citizens over 18 years of age (or legal age) to be eligible to vote. This is an unusual decision because this process is generally done autonomously but given the low voter turnout in the state, they decided to carry out this measure.
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The payroll taxes the employer is responsible for are:
A.
FICA-Medicare.
B.
FICA-OASDI.
C.
State income taxes.
D.
A and B.
The employer is responsible for the following payroll taxes in Option D. A and B.
The FICA-Medicare is a compulsory contribution just like the Social Security (or OASDI) that employers are expected to contribute some percentages and withhold stated percentages from the salaries of their employees.
Thus, the employer is not responsible for Federal and State taxes, but D. A and B. Employers can only withhold and remit the Federal and State taxes as required by law.
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describe the benefits of having an electronic resume
Answer:
Online resumes offer more flexibility and room for creativity than their printed counterparts. Here are just a few benefits of using an online resume service: Undoubtedly, some of your skills and prior experiences are more relevant to some jobs/companies than others.
Explanation:
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Which of the following is not a step that can help you establish and maintain a good credit history?
a. Open a bank account.
b. Purchase a cell phone contract and pay it on time and in full every month.
c. Make car payments and car insurance on time.
d. Open many credit card accounts.
e. All of the above steps help establish good credit history.
Answer:
b. Purchase a cell phone contract and pay it on time and in full every month.
Explanation:
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Glenn works for a company that supplies food to restaurants. Where does Glenn MOST likely work?
O A.
at a packaging facility
OB.
at a retailer
OC.
at a wholesaler
D.
at a distributor
Based on the information given Glenn MOST likely work: D. at a distributor.
A distributor is a person or representative that supply goods or products by helping to distribute goods to were they are needed.
They mostly purchased goods in large amount from the manufacturer or producer and they supply those goods to the retailers.
Based on the given scenario we can say that Glenn work with a distributor reason being that he help to supply or distribute foods to restaurant.
Inconclusion Glenn MOST likely work: D. at a distributor.
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If a company has advance subscription sales totaling $45,000 for the upcoming year, when four quarterly journals will mailed to customers, the receipt of cash would be journalized as:
A. Debit Cash $45,000, credit Accounts Payable $45,000.
B. Debit Unearned Revenue $45,000; credit Sales $45,000.
C. Debit Sales $45,000, credit Unearned Revenue $45,000.
D. Debit Prepaid Subscriptions $45,000, credit Sales $45,000.
E. Debit Cash $45,000; credit Unearned Revenue $45,000.
The receipt of cash would be journalized as a Debit to Unearned Revenue for $45,0000 and Credit to Sales for $45,000.
Here, the company has advance subscription sales totaling $45,000 for the upcoming year.
It will be recorded in the entry as Debit to Unearned Revenue and Credit to Sales.Therefore, the Option B is correct because The receipt of cash would be journalized as a Debit to Unearned Revenue for $45,0000 and Credit to Sales for $45,000.
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Because all other parts of the budget depend on it, if the ______ budget is inaccurate, the rest of the budget will be inaccurate.
Answer:
Sales budget
Explanation:
Because all other parts of the budget depend on it, if the sales budget is inaccurate, the rest of the budget will be inaccurate.
What is the sales budget?A sales budget is a financial plan that estimates a company’s total revenue in a specific time period. It focuses on two things: the number of products sold and the price at which they are sold to predict how the company will perform.
Sales budgets are important tools to help businesses estimate their overall performance and how much revenue they may make from a certain product. It helps companies forecast sales and maximize the utilization of their resources. A sales budget also serves as a planning tool for organizations to use to set specific standards for achievements. For instance, a company could take its annual sales budget of $1000 and divide it by four to determine the team's quarterly goal of $250.
Organizations can determine if their business is successful by examining how closely they reach their target.
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A dividend _______ is the amount of the dividend expressed as a percentage of the stock's market price,
Answer:
dividend yield
The dividend yield, expressed as a percentage, is a financial ratio (dividend/price) that shows how much a company pays out in dividends each year relative to its stock price. The reciprocal of the dividend yield is the price/dividend ratio.
Decreased interest rates will shift the aggregate demand curve to the _____ and _____ output demanded.
The aggregate demand curve often shifts to the components of aggregate demand. The Decreased interest rates will shift the aggregate demand curve to the right and increased output demanded.
The component that is often shifted are consumption spending, investment spending.In expansionary monetary policy the central bank often makes the supply of money and loanable funds to increase, this in turn will lowers the interest rate, promoting additional borrowing for investment and consumption, and there shifting aggregate demand right.
The rate of government spending, and often rise.
An aggregate demand curve is known to show the total spending on domestic goods and services at each price level.
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Based on the macroeconomic model, the decreased interest rates will shift the aggregate demand curve to the right and increase the demand.
This implies that when the interest rate is reduced, people tend to borrow more, including investors and consumers.
As a result, the aggregate demand will increase, which means it has shifted to the right. At the same time, the output demanded would increase as more investors have access to capital to create more products.
Hence, in this case, it is concluded that the increase in aggregate demands leads to an increase in output demanded.
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