subject
Business, 21.11.2019 01:31 cxttiemsp021

After graduating, you start work as a management consultant. you are paid $150 per hour: one morning before work, you decide to buy a new car. you know the exact model you want, and you know that in your area the price ranges from $35, 500 to $36, 500 with the average price you can expect to get being $36,000. you can choose among hundreds of dealers, but you don't know which dealer will give you the best price. time is literally money, since every hour you spend searching is an hour you don't get paid. each visit to a dealer takes an hour. your expected marginal benefit of another search is the difference between the current dealer's offer and the average price. the first dealer you go to asks $36, 300, for the car. should you accept the price or keep searching? (keep in mind that each visit to a dealer takes an hour, ) keep searching. accept the price. suppose you kept searching, and the next dealer you go to asks $36, 100. do you think you should accept this price or keep searching? keep searching. accept the price. suppose you kept searching, and the next dealer you go to asks $36, 130. you could return to the last dealer (who offered you a price of $36, 100) but that would take another hour. what should you do? return to the last dealer and pay $36, 100. get a new price from yet another dealer. accept the price of $36, 130. which of the following best explains how it can be profitable for different dealers to offer different prices? some dealers have lower costs than others. some dealers have higher costs than others. it isn't-the higher-priced dealers will lose money in the long run. because different people have different opportunity costs of their time, even high-priced dealers can sometimes make sales.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 16:30
Kinda moderates the comments section of an online travel magazine.which type of comments should linda flag or delete as inappropriate content
Answers: 2
question
Business, 21.06.2019 18:10
Classifying inflows and outflows of cash classify each of the following items as an inflow (i) or an outflow (o) of cash, or as neither (n). lg 2 lg 2 item change ($) item change ($) cash +100 accounts receivable −700 accounts payable −1,000 net profits +600 notes payable +500 depreciation +100 long-term debt −2,000 repurchase of stock +600 inventory +200 cash dividends +800 fixed assets +400 sale of stock +1,000
Answers: 1
question
Business, 22.06.2019 17:00
Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."
Answers: 2
question
Business, 22.06.2019 21:10
Acompany has two products: standard and deluxe. the company expects to produce 36,375 standard units and 62,240 deluxe units. it uses activity-based costing and has prepared the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools.budgeted activity of cost driver activity cost pool budgeted cost standard deluxe activity 1 $ 93,000 2,500 5,250 activity 2 $ 92,000 4,500 5,500 activity 3 $ 87,000 3,000 2,800 what is the overhead cost per unit for the standard units? what is the overhead cost per unit for the deluxe units? (round activity rate and cost per unit answers to 2 decimal places.)activity expected costs expected activity driver activity rate1 93,000 2 92,000 3 87,000 standard activity activity driver activity rate allocated costs1 2 3
Answers: 2
You know the right answer?
After graduating, you start work as a management consultant. you are paid $150 per hour: one mornin...
Questions
question
Mathematics, 19.05.2021 22:20
question
Mathematics, 19.05.2021 22:20
question
Mathematics, 19.05.2021 22:20
Questions on the website: 13722367