Answers
Answer:
The decision making of a consumer goods does not change because the amount of a good consumer wants at a particular point in time is determined by some factors
Explanation:
The decision of a consumer does not remain constant, this is because, the quantity of a good consumer demand at a particular point in time is determined by several factor
Now, in the place where i am working in an MNC as a contract role. While my working period my consumption of goods increased as i was earning my own money and i did not have think more than once before purchasing any particular kind of goods
Now after that time ends, i have to collect money from my parents and now my thoughts and behavior towards consuming changed greatly.
Answer:
Well in most of the cases the decision making power and quality of the consumer remains constant but again, there are some cases where the the consumer changes the type of his/her decision making and go for another product.
One of the main reasons for this to happen is that, the consumer has or had a negative experience with the same product he.she has been using for a long time, this does not happen very often but when ever it does the consumer switches itself to other alternatives of that product.
Apart from that, there is a possibility that the product that the consumer really wants is sold out and now the consumer has to go with the alternative in order to satisfy his/her needs.
Hope this Helps.
Good luck.
Related Questions
Prepare financial statements from an adjusted trial balance (LO3-5) [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash $ 11,200 Accounts Receivable 142,000 Prepaid Rent 5,200 Supplies 26,000 Equipment 320,000 Accumulated Depreciation $ 127,000 Accounts Payable 11,200 Salaries Payable 10,200 Interest Payable 4,200 Notes Payable (due in two years) 32,000 Common Stock 220,000 Retained Earnings 52,000 Service Revenue 420,000 Salaries Expense 320,000 Rent Expense 16,000 Depreciation Expense 32,000 Interest Expense 4,200 Totals 847,800 876,600Required: Prepare an income statement for the year ended December 31, 2021. FIGHTIN' BLUE HENS CORPORATION Income Statement For the Year Ended December 31, 2021 Expenses: Total expenses
Vern's makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 70% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for October, November, and December were $70,000, $60,000, and $50,000, respectively, what was the budgeted receivables balance on December 31?A. $40,000.B. $46,000.C. $49,000.D. $59,000.E. Some other amount
Today (year 0), a new 7-megawatt (MW) solar panel farm is constructed at a direct cost of $10 million. The indirect cost of 10% of the direct cost was spent. Four years from today, a smaller 6-MW solar farm will be added to the existing farm. The cost indices of today and after 4 years are 400 and 600 respectively. If the cost-capacity factor is 0.75 for solar panel construction, what is the estimated total capital investment (direct indirect) for the smaller 6-MW farm
Assume the carrying capacity of the earth is 13 billion. Use the 1960s peak annual growth rate of 2.1% and population of 3 billion to predict the base growth rate and current growth rate with a logistic model. Assume a current population of 6.8 billion. How does the predicted growth rate compare to the actual growth rate of about 1.2% per year?
Answers
Answer and Explanation:
The computation is shown below;
1.
Total hours for job A - 500
= Direct labor ÷direct labor wage rate
= $150 ÷ $15
= 10
Total over head cost = overhead cost per labor hours × no. of labor hours
= $20 × 10
= $200
total manufacturing cost = Direct materials cost + Direct labor cost + Total over head cost
= $280 + $150 + $200
= $630
2.
Cost assigned to each unit
= total manufacturing cost ÷ number of units
= $630 ÷ 70
= $9
Answers
Final answer:
The basic Earnings Per Share (EPS) for Wells Fargo for 2015 is $4.57 and for 2014 is $4.54, calculated by subtracting preferred dividends from net income and dividing by average common shares.
Explanation:
The provided figures help us calculate the basic Earnings Per Share (EPS) for Wells Fargo for 2015 and 2014. EPS is computed by taking the net income, subtracting the preferred stock dividends, and then dividing by the average common shares outstanding.
For 2015, the calculation is as follows: ($25,116 million - $1,646 million) / 5,136.5 = $4.57 EPS.
Moreover, for 2014, we find: ($25,279 million - $1,458 million) / 5,237.2 = $4.54 EPS.
These EPS values help shareholders understand how much of a company's profit is attributable to each share of common stock.
Learn more about Calculating Earnings Per Share here:
#SPJ12
Answers
Answer:
Annual depreciation= $1,275
Explanation:
Giving the following information:
Purchase price= $5,600
Useful life= 4 years
Salvage value= $500
To calculate the annual depreciation, we need to use the following formula each year:
Annual depreciation= 2*[(book value)/estimated life (years)]
Year 1:
Annual depreciation= 2*[(5,600 - 500) / 4]
Annual depreciation= $2,550
Year 2:
Annual depreciation= 2*[(5,100 - 2,550) / 4]
Annual depreciation= $1,275
Final answer:
The second year's depreciation expense using the double-declining balance method for the point of sale system purchased by Marlow Company would be $1,400.
Explanation:
The double declining balance method is a type of accelerated depreciation accounting method. In the first year, Marlow Company will depreciate the asset at a rate of 2/4 (50%) of the purchase price (i.e., $5,600), which totals $2,800. However, the asset has a salvage value of $500, which must be considered.
In the second year, the depreciation expense will be determined using the remaining book value of the asset after the first year of depreciation (i.e., $5,600 - $2,800 = $2,800) and again applying the rate of 50%. The second year's depreciation will therefore be 50% * $2,800 = $1,400.
So the correct option is e. $1,400.
Learn more about Double Declining Balance Method here:
#SPJ3
Years 11-20: 12%
Required: What is the maximum amount the Claussens should pay John Duggan for the hardware store?
Answers
Answer:
Explanation:
Calculate maximum that should pay:
Compute present value of cash flows from the store, year 1 to 5:
Annual cash flows are $70,000
Desired rate of return on investment for 1 to 5 years is 7%
Number of years is 5
Present value of cash flows generated during 1 to 5 years =
= $287,013.82
Compute present value of cash flows from the store for years 6 to 10
Annual cash flows are $70,000
Desired rate of return on investment for 6 to 10 years is 10%
Desired rate of return on investment for 1 to 5 years is 7%
Number of years is 5
Present value of cash flows generated during 6 to 10 years = annual cash flows x PVIFA (10%,5) x PVIF (7%,5)
= $70,000 x 3.79079 x 0.7130 = $189,198.33
Compute present value of cash flows from the store for years 11 o 20
Annual cash flows are $70,000
Desired rate of return on investment for 11 to 20 years is 12%
Desired rate of return on investment for 6 to 10 years is 10%
Desired rate of return on investment for 1 to 5 years is 7%
Number of years is 10
Present value of cash flows generated during 11 to 20 years = [annual cash flows x PVIFA (12%,10)] x PVIF (10%,5) x PVIF (7%,5)
= $70,000 x 5.65022 x 0.62092 x 0.7130 = $175,100.98
Calculate present value of estimated sale amount to be received for sale of store
Present value of estimted sale amount to be received = [Estimated sale amount x PVIF (12%,10)] x PVIF (10%,5) x PVIF (7%,5)
=$400,000 x 0.32197 x 0.62092 x 0.7130=
=$57,016.50
Calculate total maximum amount that should be paid
Particulars Amount ($)
Present value of cash flows during 1 to 5 years $287,013.82
Present value of cash flows during 6 to 10 years $189,198.33
Present value of cash flows during 11 to 20 years $175,100.98
Present value of estimated sale value $57,016.50
Maximum amount that C should pay to JD for store $708,329.63
Therefore, Maximum amount that should be paid $708,329.63
Answers
Answer:
Cash would be debited $5,000 on the left side of the T account. Unearned programming service revenue will be credited $5,000 on the right side of T account.
Explanation:
When cash is received, cash increases and is debited by $5,000 (note Cash is an asset account, when asset and expense accounts increase they are debited. When revenue, liability, and owner's equity increase they are credited).
The revenue for this service is not earned yet so we pass the other leg of the entry to Unearned Programming Revenue. It is a revenue account so when it increases we credit. So we credit $5,000 to this account.
Final answer:
When a business receives cash in advance for services, this is treated as a liability called 'Unearned Revenue'. The Cash account would be debited (increased) by $5,000 and the Unearned Revenue account would be credited (increased) by $5,000.
Explanation:
When Major Programming receives $5,000 in advance for providing programming services, this is considered as prepayment and thus, it is recorded as a liability on the balance sheet. In terms of T-accounts, it would be recorded as follows:
- Cash (an asset account) would be debited (increased) by $5,000.
- Unearned Revenue (a liability account) would be credited (increased) by $5,000.
Therefore, the T-accounts would reflect an increase in both Cash and Unearned Revenue by $5,000 each, resulting from this transaction.
Learn more about Accounting here:
#SPJ3
Answers
Option A
Explanation:
The following formula will be used while calculating the amount
The Amount in y year from x year dollar = ( the amount in x year / CPI of the x year) * CPI of the y year
the amount today
Solving the above equation, we get, = $37.5
the $10 in 1967 will purchase equal to the amount of $37.5 today
Therefore, the Option 1 is the correct option from the given ones.