The owner of a small convenience store observed that almost all customers paid with credit cards regardless of whether they had cash available, resulting in significant processing charges for the store. The owner began to add a fifty-cent charge to credit card purchases under two dollars, and during the following month, virtually all customers used cash for small purchases while continuing to use credit cards for larger purchases. Nonetheless, during the month after the charge was instated, the average dollar amount of each cash transaction was almost identical to the average dollar amount of each credit card transaction.
The information in the passage most strongly supports which of the following?
A. The average dollar amount spent by customers who did not have cash available was higher after the charge was instated than it had been beforehand.
B. After the charge was instated, customers who used cash for purchases totaling two dollars or more spent more, on average, than customers who used credit cards for these purchases.
C. The average dollar amount spent in each cash transaction at the convenience store was lower after the charge was instated than beforehand.
D. A significant majority of purchases made at the convenience store during the month after the charge was instated were made using credit cards.
E. Prior to the charge, the average amount spent on credit card transactions was higher than the average amount spent on cash transactions.

Answers

Answer 1

Answer:

B. After the charge was instated, customers who used cash for purchases totaling two dollars or more spent more, on average, than customers who used credit cards for these purchases.

Explanation:

Since the average transaction remained almost unchanged, that means that customers who used to spend $2 or less are now spending more on average. Assuming that customers that purchase higher amounts didn't change their habits, the only way that the cash purchases equal credit card purchases is that people paying in cash buy more things.

E.g. there are 20 transactions worth more than $2 which are paid using a credit card, so the average transaction is more than $2. In order for cash purchase to have a similar mean, the some transactions will be less than $2 but other transactions must be higher in order to increase the mean of cash purchases: 15 cash transactions worth $1 and 5 cash transactions worth $6, mean cash transaction = $2.25.


Related Questions

21. A small object is placed at right angles to the axis of a fixed concave
mirror so as to form (i) a real (ii) a virtual image, twice as long as the
object. if the radius of curvature of the mirror is 40cm, what is the
distance between the two images?
Ans: 60cm
om
chat and in ito​

Answers

Answer: 60 cm

Explanation:

Given that:

Radius of curvature (R) = 40 cm

Radius of curvature is 2 tines the Focal length:

Focal length (f) = 40/2 = 20

Object distance = u

Image distance = v

Image (v) = 2u

1/v + 1/u = 1 /f

1/2u + 1/u = 1/20

(1 + 2) /2u = 1/20

3 / 2u = 1/20

2u = 60

u = 60/2

u = 30 cm

v = 2u

v = 2(30)

v = 60 cm







Which careers require a person to find independence in working alone?

Answers

Answer:

Visual Arts??

Explanation:

When they work on every visual art project, the artists want to be isolated and away from anyone. Few examples of visual artwork are architecture, craft, painting, and photography, and a lot more can be applied to this category. In any situation, though the artist likes solitude and being alone since it means that they are closer to nature, and can therefore rely more on their work that can be ruined by even the slightest flaw.

what is meaning of GST​

Answers

Explanation:

goods and service tax I think that is the answer

Multicore microprocessors are formed by:
a) connecting a series of high powered processors through a single power source.
b) connecting a series of high powered processors through a single power source.
c) connecting identical processors in a parallel combination and drawing power from the same source.
d) connecting identical processors in a parallel combination and drawing power from the same source.
e) putting two or more lower power processor cores on a single chip. putting two or more lower power processor cores on a single chip.
f) slicing a flat chip into pieces and reconnecting the pieces vertically.

Answers

It’s E. putting two or more lower power processor cores on a single chip. putting two or more lower power processor cores on a single chip

I hope this helped out! Have a nice day :)

Companies that fail to identify needs risk which of the following?
-loss of customers
-wasteful spending
-increasing interest
-increasing debt

Answers

Answer:

2. Wasteful Spending

Explanation:

Which of the following is NOT a commonly used method to resolve
conflicts?
a)Mediation
b) Arbitration
c) Union Representation
d)Repossession​

Answers

Answer:

d)Repossession​

Explanation:

Conflicts arise out of serious disagreement of ideas, feelings, methodology, or actions. If unchecked, conflicts can result in a tense working environment, reduced morale, low productivity, or even violent behavior. To avoid the adverse effects of conflicts, the conflicting parties seek ways of resolving their differences.

Mediation, arbitration, and union representation are ways o resolving conflicts. They involve the use of an independent third party to help settle or issue directions on the matter, causing conflicts. Repossession is the recovery of goods or assets in case a buyer is unable to pay. It is a debt recovery tool.  

(Adjusting Entries) The accounts listed below appeared in the December 31 trial balance of the Savard Theater.
Debit Credit
Equipment $192,000
Accumulated Depreciation—Equipment $ 60,000
Notes Payable 90,000
Admissions Revenue 380,000
Advertising Expense 13,680
Salaries Expense 57,600
Interest Expense 1,400
From the account balances listed above and the information given below, prepare the annual adjusting entries necessary on December 31. (Omit explanations)
1) The equipment has an estimated life of 16 years and a salvage value of $24,000 at the end of that time.
2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8%.
3) In December, 2,000 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They could be used for admission any time after January 1.
4) Advertising expense paid in advance and included in Advertising Expense $1,100.
5) Salaries and wages accrued but unpaid $4,700.

Answers

Answer:

1) The equipment has an estimated life of 16 years and a salvage value of $24,000 at the end of that time.

depreciation expense per year = ($192,000 - $24,000) / 16 = $10,500

Dr Depreciation expense 10,500

    Cr Accumulated depreciation 10,500

2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8%.

using a 360 day year, accrued interest = $90,000 x 8% x 72/360 days = $1,440

Dr Interest expense 1,440

    Cr Interest payable 1,440

3) In December, 2,000 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They could be used for admission any time after January 1.

Dr Admissions revenue 60,000

    Cr Deferred revenue 60,000

4) Advertising expense paid in advance and included in Advertising Expense $1,100.

Dr Advertising expense 1,100

    Cr Prepaid advertising expense 1,100

5) Salaries and wages accrued but unpaid $4,700.

Dr Wages expense 4,700

    Cr Wages payable 4,700

when you should send an email
A. when the subject matter is extremely private
B.when the subject matter is objective and informative
C. when the subject matter is emotional
D. when the subject matter is sensitive in nature

Answers

B. When the subject matter is objective and informative

You should send an email when the subject matter is objective and informative. Hence, Option B. is correct.

Email is a fantastic manner to communicate when the subject matter is objective and informative. A way to communicate between people using the internet and electronic gadgets is via email. Because emails are a fantastic method to discuss and highlight vital information without containing a personal opinion, which is especially critical in a business context, you should send an email when the subject matter is objective and instructive.

Therefore, the correct option is option B.

Learn more about  email, here:

https://brainly.com/question/16557676

#SPJ7

In a business combination when each combining firm remains a legally incorporated separate entity:____.
a. the acquiring firm does not physically record the acquired firm's separate assets and liabilities.
b. the parent records on its accounting records each of the acquired assets and liabilities assumed in the business combination.
c. the parent company employs consolidated worksheet entries to help prepare a set of consolidated financial statements.
d. the parent records an investment account at the subsidiary's net book value of the assets acquired and liabilities assumed.

Answers

Answer:

a). the acquiring firm does not physically record the acquired firm's separate assets and liabilities.

c). the parent company employs consolidated worksheet entries to help prepare a set of consolidated financial statements.

Explanation:

Business Combination is characterized as an agreement through which the owner gains authority over a business or acquires it primarily to expand his/her business empire. When each combining firm persists a legally incorporated autonomous identity, 'the acquiring firm does not physically record the acquired firm's separate assets and liabilities and the parent company enrolls combined worksheet entries to assist prepare a group of combined financial statements.' It assists in making the acquisition easier and legally apt. Hence, options a and c are the correct answers.

The rule of equal marginal utility per dollar spent suggests that consumers maximize utility by A. Equalizing across goods and services. B. Equalizing the marginal utility per dollar spent across goods and services. C. The marginal utility per dollar spent across goods and services. D. . E. Maximizing the marginal rate of substitution.

Answers

Explanation:

B-Equalizing the marginal utility per dollar spent across goods and services

Pls mark brainliest

For a criminal case, which of the following represents the correct order of
events during a trial?
A. The State presents opening arguments, then the defense presents
opening arguments; The State presents its case first, then the
defense presents its case.
B. The defense presents opening arguments, then the State presents
opening arguments; The State presents its case first, then the defense presents its case.
C. The defense presents opening arguments, then the State presents
opening arguments; The defense presents its case first, then the State presents its case.
D. The State presents opening arguments, then the defense presents
opening arguments; The defense presents its case first, then the State presents its case.

Answers

Answer: A. The State presents opening arguments, then the defense presents  opening arguments; The State presents its case first, then the  defense presents its case.

Explanation:

In a criminal trial the burden of proof lies with the State which means that it is up to them to prove that the individual is either guilty or not. For this reason they have to give the opening arguments.

The defense then gives their opening statement as well. After this is done the State presents its case and the facts thereof to the jury. The defense will now come and present its case and show their own interpretation of the facts of the case.  

Data entered into a computer is called a...

Answers

Answer:

Input

Explanation:

Data going into the computer is called Input . Whatever goes into the computer. Input can take a variety of forms, from commands you enter from the keyboard to data from another computer or device. A device that feeds data into a computer, such as a keyboard or mouse, is called an input device.

Mark receives $400 per week for salary as a sales associate. His quota is $2750 and his commission is 10%. This week, Mark sold $29,000 in merchandise, $1800 of which was returned. calculate his gross pay.

Answers

Answer:

$3,120

Explanation:

A sales quota is the minimum volume a salesperson is expected to move to earn commissions.

Mark's quota is $2750

In the week, mark sold $29,000, but $1,800 was returned. The net sales were: $29,000 - $ 1,800 = $27,200

Mark is a 10% commission. The commissions  will be 10% of net sales

=10/100 x $27,200

=0.1 x $27,200

=$2,720

gross pay will be weekly earnings plus commissions

=$400 +$2,720

=$3,120

Following is a list of cost system characteristics and sample companies. Match each to either job order costing or process costing.
a. Companies that produce small quantities of many different products.
b. A company that pulverizes wood into pulp to manufacture carboard.
c. A company that manufactures thousands of identical files.
d. Companies that produce large numbers of identical products.
e. A computer repair service that makes service calls to homes.
f. A company that assembles electronic parts and software to manufacture millions of portable media players.
g. A textbook publisher that produces copies of a particular book in batches.
h. A company that bottles milk into one-gallon containers.
i. A company that makes large quantities of one type of tankless hot water heaters.
j. A governmental agency that takes bids for specific items it utilizes where each item requires a separate bid.

Answers

Answer:

Explanation:

Process costing can be regarded as a methodology in accounting that involves attributing cost to unit of production in different firms especially firm that are producing product that are homogeneous.

Job order costing can be regarded as

a system that occur when an order of purchase is made by consumer, it helps in way that the price of individual product is affordable by consumer.

a.Companies that produce small quantities of many different products.

(Job order costing)

b.A company that pulverizes wood into pulp to manufacture carboard.

(Process costing)

c.A company that manufactures thousands of identical files.

(Process costing)

d.Companies that produce large numbers of identical products.

(Process costing)

e.A computer repair service that makes service calls to homes.

(Job order costing)

f.A company that assembles electronic parts and software to manufacture

(Process costing)

millions of portable media players.

g.A textbook publisher that produces copies of a particular book in batches.

(Job order costing)

h.A company that bottles milk into one-gallon containers.

(Process costing)

i.A company that makes large quantities of one type of tankless hot water heaters.

(Process costing)

j.A governmental agency that takes bids for specific items it utilizes where each

(Job order costing)

.



As a private limited firm dealing with garment manufacturing, you have little cash in hand but considerable business potential. You suddenly get

an order to deliver 1,000 shirts at a price of $50 each. You have the entire infrastructure in place, but need $15,000 to procure the fabric and

accessories for shirts. How will you raise money to serve this order? How will the answer differ if the business is a sole proprietorship?

Answers

Answer:

Bank loans

Financial institutuions loans

Creditors

Explanation:

A private limited company depends on its retained earnings or assets . The other option available is that of getting financed through bank loans or other institutions serving as creditors to invest and the company may record the loan as accounts payable or long term loan which ever is possible.

The same would be for the sole proprietorship  because it can even generate funds through bank loans or creditors.

In case of the public limited company the it would be different as it can raise funds through issuing new shares.

1. Who is an Antagonist?

Answers

Answer:

It's the person in the story who is kind of the 'bad guy'

Explanation:

They oppose the main character

Answer:

Hope it helps

Explanation:

a person who actively opposes or is hostile to someone or something; an adversary.

Do you think it is possible for a bad strategy to be implemented and executed well and
to create value for the business? Explain your answer.

Answers

Answer:

yes its possible for bad strategy to be implemented and executed well and

to create value for the business

How does Ana spend her time in seedfolks?

Answers

Answer:

B

Explanation:

Got it right on edg 2020

Goals should be manageable and large.
O A.
True
B.
False

Answers

Answer:

B) False

Explanation:

your goals can be above and beyond, may take a while to get there, but u will if u keep trying even if u fail the first time.

what was the problem with some of the loans that Banks were making

Answers

Anwsergrhebuddhjenebrbtbf


Explation:

what are the major components of a business operating plan?​

Answers

Answer:

capital

investors

knowledge in field

Identify the items from the following list that are likely to serve as source documents. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)
1. Check
2. Statement of cash flows
3. Ledger
4. Prepaid insurance account
5. Invoice from supplier
6. Income statement
7. Company revenue account
8. Bank statement
9. Purchase order

Answers

Answer:

1. Check

5. Invoice from supplier

8. Bank statements

9. Purchase order

Explanation:

Source documents are used to trace a transaction. The main characteristic of a source document is that it does not originate within the company but needs to be signed or authorized by both the company and a third party such as a bank, a customer, and a creditor or supplier. The above are the only source documents on the given list.

A scientist has samples of both nitrogen (N2) and hydrogen (H2). Both of these substances are odorless, colorless gases at room temperature. The scientist places the samples into a closed flask and heats the flask. A colorless gas that has a strong odor forms. Which of these best describes what happened?'

A.
A mixture formed when nitrogen and hydrogen combined.
B.
A pure substance that is chemically identical to both nitrogen and oxygen formed.
C.
A new compound formed when nitrogen and hydrogen chemically reacted.
D.
A new element formed when oxygen and nitrogen atoms turned into new kinds of atoms.

Answers

Answer: C.  A new compound formed when nitrogen and hydrogen chemically reacted.

Explanation:

Due to the temperature increase, the atoms of both Nitrogen and Hydrogen reacted chemically with one another and formed a new compound which was still colorless but now had a strong odor as well.

This new compound is known as Ammonia with the chemical composition NH₃. It is formed when Hydrogen and Nitrogen react chemically. Ammonia is a colorless gas with a sharp strong odor.

HELP Esmerelda simplified a complex fraction. Her work is shown below. What errors did Esmerelda make? Check all that apply. Esmerelda converted the mixed number to the wrong improper fraction. Esmerelda added the numerators. Esmerelda added the denominators. Esmerelda did not divide –24 by 6 correctly. Esmerelda did not use the reciprocal of the divisor.

Answers

Answer:

Esmerelda did not use the reciprocal of the divisor.

Esmerelda added the numerators.

Esmerelda added the denominators.

Explanation:

Note: This question is not complete as it omitted the work of Esmerelda. Her work is therefore provide to complete the question as follows:

[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3}{2} } =(-\frac{21}{4})(\frac{3}{2}) = -\frac{24}{6} = -4[/tex]

The explanation of the answer is now provided as follows:

Esmerelda did not use the reciprocal of the divisor

This is corrected by using the reciprocal of the divisor as follows:

[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3}{2} } =(-\frac{21}{4})(\frac{2}{3})[/tex]

Esmerelda added the numerators and Esmerelda added the denominators

These two are corrected together by multiplying the numerators separately and and multiplying the denominators separately as follows:

[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3\\}{2} } =(-\frac{21}{4})(\frac{2}{3}) = -\frac{21*2}{4*3}[/tex]

Based on the above, the correct answer of the work of Esmerelda can be obtained as follows:

[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3\\}{2} } =(-\frac{21}{4})(\frac{2}{3}) = -\frac{21*2}{4*3} =- \frac{42}{12} = -3\frac{1}{2}[/tex]

The final answer can also be provided in 2 decimal places as follows:

[tex]\frac{-5\frac{1}{4} }{\frac{3}{2} } = \frac{-\frac{21}{4} }{\frac{3\\}{2} } =(-\frac{21}{4})(\frac{2}{3}) = -\frac{21*2}{4*3} =- \frac{42}{12} = -3\frac{1}{2} = -3.50[/tex]

Select three things are included in a product requirements document.(more than one answer)

[ ]customer stories
[ ]request for proposal
[ ]service providers
[ ]business plan
[ ]market data

Answers

Answer:

b d e

If i am wrong i am sorry

The correct answers are B,D, and E.

B. request for proposal

D. business plan

E. market data

Explain 4 disadvantages of state owned entreprises​

Answers

Answer:

State owned enterprises help the government to control certain strategic sectors of the economy,they provide very essential services to the people at cheaper and affordable rates,they protect the consumers from being exploited by private enterprises by offering them a cheaper and better alternative and Ensuring better public service

Explanation:

The first version of Windows to have a Start button and taskbar was?
Windows Vista
O Windows 95
Windows Millennium Edition
O Windows XP

Answers

I think its Windows 95

Help plz
What is persuassive writing?

Answers

Answer: something to like negotiate someone to do something and give good reasoning

Explanation: for example, someone would want to dye their hair and they would write a letter to their mom saying why their mom should let them dye their hair

explain the components of external environment.​

Answers

Answer:

The external environment is split into two categories: micro and macro. Larger sociocultural influences that impact society as a whole are included in the macro or wide environment. It consists of six elements: the demographic, economic, physical, technological, political-legal, and social-cultural environments.

Explanation:

Hope this helps!

Please mark me as Brainlineast.

Ernesto excels at mathematics and has a keen eye for analyzing information. He is also a skilled communicator and does an excellent job explaining things to other people. Ernesto enjoys using the computer to generate reports to summarize his findings. Which is most likely Ernesto's job title?

Answers

Answer:

Business analyst

Explanation:

Answer:

its d

Explanation:

edg. 2021

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What is the purpose of the sodium potassium pump The snack bar at the school purchases water bottles at wholesale and then marks them up to make a profit. It marks up the water bottles by 33 and one-third percent, an amount of $0.28.PercentsTotal33One-third%33One-third%33One-third%100%$0.28$0.28$0.28What was the wholesale price of each water bottle?$0.56$0.84$0.93$1.12 CDB stock is currently priced at $82. The company will pay a dividend of $4.65 next year and investors require a return of 10.9 percent on similar stocks. What is the dividend growth rate on this stock?a. 5.67%b. 5.23%c. 4.88%d. 4.96%e. 4.97% if Sue would like to put a down payment on a new car. the car cost $27,999 and she needs to make it 20% down payment how much is her down payment ? *economics*How do changes in the discount rate affect economic behavior?A. Raising the discount rate makes individuals less likely to borrowmoneyB. Lowering the discount rate encourages banks to keep more moneyin reserve.C. 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A) Word with incorrect alphabet letterB) Unnecessary capitalizationC) Word missing accent markD) Misspelled wordsBasically match them like A goes with which spanish sentence and B goes for which and the same for the rest, you have to match them with the errors! Flashback can be used in three different ways: _____. (select all that apply)---at the beginning of the story---by a friend---by the character---by another character---by the author Explain why you think the First Amendment is necessary for a democracy. Heavier compounds tend to have higher boiling points. However, sulphur dichloride (Mr= 103.1 gmol-1) and sulphur hexafluoride (Mr = 146.1 g mol-1) have the boiling point of 59 C and -50.8 C respectively. Explain this phenomenon. In two or three sentences, explain the author's purpose for stating, "It took Timothy McVeigh to teach America that fanaticism and righteous martyrdom are not the monopoly of one religion or, indeed, any religion at all." Background information: Timothy McVeigh was an American domestic terrorist responsible for the 1995 Oklahoma City bombing killing 168 people Read the passage from Sugar Changed the World.In every single American slave state, the population of enslaved people kept rising even after the slave trade was abolished. That was because enough enslaved children were born, lived, and grew to become adults. There was just one exception to this rule: Louisiana, where the native-born enslaved population kept dropping. Sugar was a killer.Unlike the Caribbean, Louisiana has cold snaps. That put an additional pressure on the sugar harvest. Not only did the slaves need to harvest the cane in perfect rhythm with the grinding mills, but the entire crop had to be cut down between mid-October and December. This pace only increased when growers installed improved, steam-powered mills. People needed to work faster than the weather and to keep pace with machines.What is the authors purpose in this passage?to inform the reader that Louisiana had fewer enslaved people than other slave states didto inform the reader that Louisiana's hot weather hastened the sugar harvest to a few monthsto inform the reader that life for enslaved people improved when sugar mills became powered by steamto inform the reader that Louisiana's short harvest season meant that enslaved people were cruelly overworked