Answer: (D) Promotion allowances
Explanation:
The promotion allowances is one of the type of allowance that reduce the actual price of the product that the suppliers offers are carried out out for the additional type of promotional activities for supporting the product of the supplier.
The various types of promotional program and the advertisement are the main example of the promotion allowances.
The promotion is one of the important factor of the sale as it provide the awareness to the customer about the products.
Therefore, option (D) is correct.
On August 4, Armstrong Trucking, Inc., paid $4,500 to replace the engine in one of its trucks. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Answer:
Explanation:
The journal entry is shown below:
Truck A/c Dr $4,500
To Cash A/c $4,500
(Being the truck is replaced for cash)
Since the truck is replaced so we debited the truck account and credited the cash account so that the correct posting can be done.
The replacement cost increase its useful life which is capitalized so we also debited the truck account
Answer:Trucks Dr 4,500
Cash Cr 4,500
Explanation:
An advantage of the fixed-period inventory system is that______.
A) safety stock will be lower than it would be under a fixed-quantity inventory system.
B) there is no physical count of inventory items when an item is withdrawn.
C) no inventory records are required.
D) orders usually are for smaller order quantities.
E) the average inventory level is reduced.
Answer:
The correct answer is (B)
Explanation:
There are various advantages of fixed inventory stock. The fixed-period stock and inventory framework requires more safety stock than a fixed-amount framework. A stock out can happen during the audit time just as during the lead time. A significant advantage of fixed period stock is that, there is no physical check of stock when products are withdrawn.It helps to save time and money.
Final answer:
The advantage of a fixed-period inventory system is that it typically involves orders for smaller quantities, helping with cash flow and storage space. The correct answer is D.
Explanation:
An advantage of the fixed-period inventory system is that orders usually are for smaller order quantities. This inventory management approach is characterized by ordering at the end of a fixed period, which could be weekly, monthly, or by any other set time frame.
The amount ordered varies and depends on the inventory levels at the time of order, often resulting in smaller quantities compared to a fixed-quantity system where a constant amount is ordered whenever inventory drops to a particular level. Smaller order quantities can help businesses with cash flow and storage space management.
A salesperson for FS Tools asked Justin, a cabinet maker, "If I can show you how to cut melamine, high-pressure laminates, and fine veneer without any chips or breaks, would that save you any money?" In terms of the SPIN technique, this is an example of a(n) ________ question.A. need payoffB. situationC. implicationD. benefitE. problem
Answer:
A. need payoff
Explanation:
Based on the information provided within the question it seems that the salesperson's SPIN technique is an example of a need payoff. This term refers to asking an individual/customer about the value or importance that something can provide them. Which is exactly what the salesperson is stating by asking "how much money (value) can this save you?"
Steve and Grace know that their nephew loves to travel. Steve and Grace find a great deal on a timeshare and tell Mike they are negotiating to buy the timeshare to give to Mike as a wedding gift. Steve and Grace continue to negotiate with Bob, the timeshare owner, for the purchase of the timeshare. If there is any dispute with the negotiations or a resulting contract, does Mike have any rights in that case
Answer:
Explanation:
That depens of the red tape, if there is one, Mike can claim rigths over the good depending on the negotiation, but if there is no a signed deal it is impossible to claim according to the law.
Final answer:
Explaining Mike's potential rights in a timeshare dispute arising from a gift promise.
Explanation:
Mike would have rights in case of a dispute arising from the negotiations or resulting contract if Steve and Grace intended to give the timeshare to Mike as a wedding gift. This intention could create a legal interest or expectation for Mike in the transaction, granting him standing to pursue legal action if necessary.
Additionally, if Mike can demonstrate that he had a legitimate expectation or reliance on receiving the timeshare as a gift, he may have rights under promissory estoppel or constructive trust theories, depending on the jurisdiction and specific circumstances of the case.
In some legal systems, such as the United States, courts may consider the concept of a 'gift promise' in situations like this, where a promise of a gift can be legally enforceable if certain conditions are met.
Which of the following situations would not result in auditors adding an additional paragraph to their report without modifying the introductory, scope, or opinion paragraphs of that report?A. Reference to a change in the method of accounting mandated by the issuance of a new accounting standard.B. Reference to a going-concern uncertainty facing the entity.C. Reference to a departure from GAAP that is material, but not pervasive, to the financial statements.D. Reference to an acquisition made by the entity during the most recent fiscal year.
Answer:
The answer is letter C.
Explanation:
The situation that would not result in auditors adding an additional paragraph to their report is reference to a departure from GAAP that is material, but not pervasive, to the financial statements.
Currently baldwin is paying a dividend of $15.64 (per share). If this dividend were raised by $3.64, given its current stock price what would be the dividend yield?
Answer:
The dividend yield is 10.71%
Explanation:
The dividend yield is computed as:
Dividend yield = Current dividend + Rise in dividend / Current stock price
where
Current dividend is $15.64
Dividend will increase by $3.64
Current stock price is $179.90
Putting the values above:
= $15.64 + $3.64 / $179.90
= $19.28 / $179.90
= 10.71%
Note: The current stock price is taken from the stock market summary
Coca-Cola Unbottled is an online forum where Coke fans and company insiders can "look at what's beyond the bottle," sharing posts on everything from new products and sustainability initiatives to fun and inspiring fan stories. This is an example of a ________.
Answer:
Coca-Cola Unbottled is an online forum where Coke fans and company insiders can "look at what's beyond the bottle," sharing posts on everything from new products and sustainability initiatives to fun and inspiring fan stories. This is an example of a ___blog_____.
Explanation:
A blog is an online journal or informational website displaying information in the reverse chronological order, where people can share post, make comment on everything from new products and initiatives to inspiring fan stories. The latest posts will appear first. It is also a platform where a writer or group of writers share their views on a particular subject matter.
If the owners charge a higher price of $16 for each movie, then they will have a total profit of (1). If the owners charge a lower price of $12 for each movie, then they will have a total profit of (2). If the owners choose to charge only a single price, then they should charge the (3) price; however, if the owners are able to price discriminate and charge both $12 and $16, then they will earn a profit of (4).
1. 1,200
2. 1,600
3. lower
4. 2,000
Answer:
The answer is true. The statetement is correct.
Explanation:
f the owners charge a higher price of $16 for each movie, then they will have a total profit of (1,200). If the owners charge a lower price of $12 for each movie, then they will have a total profit of ( 1,600). If the owners choose to charge only a single price, then they should charge the (lower) price; however, if the owners are able to price discriminate and charge both $12 and $16, then they will earn a profit of (2,000).
Her instincts told her the group was heading in a very wrong direction but Natalie didn't want to cause a scene by disagreeing, especially when she was apparently the only one with reservations. Natalie has succumbed to ________.
Answer:
Groupthink.
Explanation:
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America First Electronics Inc. (AFE) is preparing to launch a set of new-to-the-world medical devices that are based on the same technology. These devices promise to revolutionize the healthcare industry. AFE must ideally attempt to stimulate:_________
A. primary demand for the product category.
B. joint demand for the product category.
C. selective demand for the product category.
D. replacement demand for the product category.
Answer: Option A
Explanation: In simple words, primary demand refers to the demand of a product that is new to the market. Generation of primary demand refers to attracting the customers to purchase a class of shares rather than for a particular brand.
These products are usually unique in their way and are developed through innovation and technology. Companies advertise these products to make potential costumers understand what are the uses of this product and how can it be helpful.
Sunland Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 161,000 miles. Taxi 10 cost $32,800 and is expected to have a salvage value of $600. Taxi 10 was driven 30,000 miles in 2021 and 34,300 miles in 2022.
Answer:
Depreciation in 2021 is $6,000
Depreciation in 2022 is $6,860
Book Value in 2022 is $19,940
Explanation:
Given:
Total miles expected to be driven = 161,000 miles
Cost of taxi = $32,800
Salvage value = $600
Depreciation as per unit of activity method =
[tex]\frac{Cost -salvage\ value}{Expected\ total\ miles}[/tex]
= [tex]\frac{32,800 - 600}{161,000}[/tex]
= $0.2 per mile
Depreciation charge for a year is total miles driven multiplied by depreciation rate per mile.
Depreciation in 2021 = 0.2 × 30,000 = $6,000
Depreciation in 2022 = 0.2 × 34,300 = $6,860
Book value at the end of 2022 = Cost - depreciation for 2021 - depreciation for 2022
= 32,800 - 6,000 - 6,860
= $19,940
Country A had a population of 1,000, of whom 600 worked an average of 8 hours a day and had a productivity of 2.5. Country B had a population of 800, of whom 560 worked 8 hours a day and had productivity of 3.0. Country
a. A had the higher level of real GDP and Country B had the higher level of real GDP per person
b. B had the higher level of real GDP and Country A had the higher level of real GDP per person
c. A had the higher level of real GDP and real GDP per person.
d. B had the higher level of real GDP and real GDP per person
Answer:
The answer is d. B had higher real GDP and real GDP per capita.
Explanation:
Total real GDP of country A ( in one working day): Number of working persons x average working hour per day x productivity = 600 x 8 x 2.5 = 12,000;
Total real GDP of country B ( in one working day): Number of working persons x average working hour per day x productivity = 560 x 8 x 3 = 13,440;
GDP per capita of country A (in one working day): Total real GDP of A ( in one working day)/ total population of A = 12,000 / 1,000 = 12;
GDP per capita of country B (in one working day): Total real GDP of B ( in one working day)/ total population of B = 13,440 / 800 = 16.8.
Thus, country B had higher level of real GDP and real GDP per person in comparison to country A.
d. B had the higher level of real GDP and real GDP per person
To determine which country has the higher level of real GDP and real GDP per person, we need to follow these steps:
Calculate the real GDP for each country.Calculate the real GDP per person for each country.Calculating Real GDP
Country A: Real GDP is calculated by multiplying the number of workers, the hours they work per day, and their productivity.
Real GDP Country A = Number of Workers x Hours Worked per Day x Productivity
Real GDP Country A = 600 x 8 x 2.5 = 12,000
Country B: Similarly, we use the same formula.
Real GDP Country B = Number of Workers x Hours Worked per Day x Productivity
Real GDP Country B = 560 x 8 x 3 = 13,440
Calculating Real GDP Per Person
Country A: Real GDP per person is calculated by dividing the real GDP by the total population.
Real GDP Per Person Country A = Real GDP / Total Population
Real GDP Per Person Country A = 12,000 / 1,000 = 12
Country B: Similarly, we calculate real GDP per person for Country B.
Real GDP Per Person Country B = Real GDP / Total Population
Real GDP Per Person Country B = 13,440 / 800 = 16.8
Conclusion
Country B has the higher level of real GDP (13,440 compared to 12,000), and Country B also has the higher level of real GDP per person (16.8 compared to 12). Therefore, the correct answer is d. Country B had the higher level of real GDP and real GDP per person.
Eddy Corporation had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in receivables at the beginning of the year was $100,000 and at the end of the year was $150,000. How much is the accounts receivables turnover?a.8.0b.5.3c.6.d.4.0
Answer:
None of the given options.
Accounts turnover ratio is 6.4 times.
Explanation:
Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.
‘Ratio Analysis’ is used to analyze the performance of a company. It is used to analyze the liquidity, profitability, solvency and operational efficiency of the company.
Given:
Net credit sales = $800,000
Beginning accounts receivable = $100,000
Ending accounts receivable = $150,000
Accounts receivable turnover is the ratio of net credit sales to average accounts receivable.
It can be calculated as:
Average accounts receivable = [tex]\frac{Beginning accounts receivable + Ending accounts receivable}{2}[/tex]
Average accounts receivable = [tex]\frac{100,000 + 150,000}{2}[/tex]
Average accounts receivable = [tex]\frac{250,000}{2}[/tex]
Average accounts receivable = $125,000
Accounts turnover ratio = [tex]\frac{Net credit sales}{Average accounts receivable}[/tex]
Accounts turnover ratio = [tex]\frac{800,000}{125,000}[/tex]
Accounts turnover ratio =6.4 times
The marginal propensity to consume is the: a overall portion of disposable income that is consumed (and not saved) b amount by which disposable income increases when consumption increases by $1.c portion of a one dollar bill that is on average spent on consumption.d amount by which consumption increases when disposable income increases by $1.
Answer:
.d amount by which consumption increases when disposable income increases by $1.
Explanation:
The marginal propensity to consume is measured by measuring what proportion of a $1 increase in income is spend on consumption, so if the marginal propensity to consume is 0.85 it means that when income increases by $1 consumption will increase by $0.85 as (0.85*1)= 0.85
You bought a share of 6.6 percent preferred stock for $97.68 last year. The market price for your stock is now $102.42. What is your total return for last year? Assume a par value of $100
Answer:
The aggregate return for the last year is 11.61%
Explanation:
The return on any asset is the increase in price, in addition to any dividends or the cash flows, which is divided by the initial price. Since, the preferred stock is assumed to have a $100 par value of, the dividend amounts to $6.60, therefore, the return for the year would be:
Return (R) = (Market Price - Stock Price + Dividend) / Stock Price
R = ($102.42 - $97.68 + $6.60) / $97.68
R = .1161, or 11.61%
Counterfeit activity?
A) lowers people’s acceptance of currency.
B) destroys currency in circulation.
C) leads to currency being taken out of circulation.
D) Increases overall demand for legal currency.
Answer:
Counterfeit activity (C) leads to currency being taken out of circulation
Explanation:
Counterfeit activities are those that can destroy the economic conditions of a nation. These activities can hamper the process of growth and development. One of these counterfeit activities is stopping the circulation of currency in the economy.
By this act, it will decrease the money supply in the market that will lower down the purchasing power of consumers. The stock with the sellers will remain idle. The whole market would be disturbed. So it can be concluded that these counterfeit activities can hamper overall economic conditions like GDP.
Counterfeit activity leads to currency being taken out of circulation and lowers people's acceptance of currency.
Explanation:Counterfeit activity leads to currency being taken out of circulation because counterfeit money is not accepted as legal tender and is often confiscated by authorities. When counterfeit activity is detected, it lowers people's acceptance of currency because they become more cautious and skeptical about accepting cash. However, it does not directly destroy currency in circulation or increase overall demand for legal currency.
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Which of the following statements is TRUE?A. As the probability of a super-event decreases, the advantage of utilizing multiple suppliers diminishes.B. Large probabilities of a unique event decrease the likelihood of needing more suppliers.C. All suppliers will be disrupted simultaneously if either a super-event occurs or a super-event does not occur but a unique-event occurs for all of the suppliers.D. To compute the probability of all n suppliers being disrupted simultaneously, we assume that the probabilities are all dependent on each other.
Answer:
D
Explanation:
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Companies such as Time Warner have extensive holdings in radio and television stations, cable television companies, book publishing firms, and film production and distribution companies. These companies are referred to as __________.
Answer:
Conglomerates.
Explanation:
A business conglomerate, which is characterized by the joining of two or more companies that may be from different areas of activity, but which are under the same corporate structure, that is, companies that depend on the same matrix. It is considered a form of oligopoly, which grows as new companies join the conglomerate and increases the profitability of existing companies.
The main objectives of this business group is to increase financial gains and expand the organizations that are part of the group, so the conglomerate focuses on management and use of equipment and search for capital resources.
To set its sales force size, a company can first group accounts into different classes according to size, account status, or other factors related to the amount of effort required to maintain the account. It then determines the number of salespeople needed to call on each class of accounts the desired number of times. This is called the ______ approach.A. inside.B. complex.C. field.D. workforce.E. workload
Answer:
E. workload
Explanation:
Based on the description being provided with regards to the scenario it seems that this is called the workload. Basically this refers to the amount of work that needs to be done by a certain individual or group. Seeing as since the company divides accounts into groups, it calculates the workload and assigns the specific number of salespeople that each group will need to get the work done on time.
A borrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. The first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. On the reset date, the composite rate is 6%. What would the Year 3 monthly payment be?
a. $955
b. $1,067
c. $1,003
d. $1,186
e. Because of the payment cap, the payment would not change.
Answer:
1003
Explanation:
Given:
Period= 30 years, Loan amount= $200,000,
Payments- Monthly,
Teaser rate for first 2 years = 4%,
Annual payment cap=5%, Composite rate on reset date= 6%
Annual rate for 2 years =4%
Monthly rate will be 4/12 = 0.3333% = 0.003333
n=30years=360 months
Monthly payment for first 2 years = [tex]Pr(1+r)^n/((1+r)^n-1)[/tex]
= [tex]200000\times0.0033\times1.033^{360}/(1.033^{360}-1)[/tex]
= 954.83
or by Excel function = PMT(0.003333,360,200000,0) = 954.83
Loan balance after 2 years = PV(0.003333,336,-954.83,0) = 192,812.36 or
Balance=[tex]A(1+r)^n-PMT\times(1+r)^n-1)/i[/tex]
=[tex]200000(1.0033)^{24}-954.83(1+0.003333)^{24}-1)/0.003333[/tex]
= 192,812.36
Composite rate is 6% but payment is capped at 5%. So new payment from year 3 is 954.83×1.05=1002.57=1003
__________ would use the present value of an annuity due for which of the following transactions?
a. Noel Inc. rents a warehouse for 7 years with annual rental payments of $120,000 to be made at the end of each year.
b. Noel, Inc. borrows $20,000 and has agreed to pay back the principal plus interest in three years.
c. Noel, Inc. wants to deposit a lump sum to accumulate $50,000 for the construction of a new parking lot in 4 years.
d. Noel, Inc. rents a truck for 5 years with annual rental payments of $20,000 to be made at the beginning of each year.
Answer:
A and D
Explanation:
If a periodic sum is to be paid or received, an annuity must be used since this means a series of uniform payments, therefore in addition to this and the time an interest rate is required to find the present value of the payments you must use in excel PV (present value) function and you need aside these data an interest rate.
Shelby and her sister Isa want to go into business together selling beauty products. They have agreed to share the risks and profits associated with their new business endeavor, what type of business ownership should they set up?
Answer:
They decided to set up a partnership.
Explanation:
Two persons agreeing to share the risks and profits of their business
Answer:
Shelby and Isa should form a general partnership. Some of the advantages of general partnerships are:
partnerships are easy to form and don't require a lot of paperworkpartnerships have simple structures, usually the partners participate in the business activities of the partnershipthe partnership's profits and losses are passed to the partners (no double taxation)partnerships can be easily dissolvedAlthough the largest disadvantage of general partnerships is unlimited liability, every partner is liable for all of the partnership's debts and obligations.
Explanation:
Edward is a partner in ENS, Ltd. The partnership generated a loss during the current year. Edward's share of the loss was $7,000. How should Edward handle the loss for tax purposes assuming there are no basis, at-risk, or passive loss limitations?
Answer:
Edward can deduct his $7,000 loss from his adjusted gross income (AGI). Partnerships are investments that you make regardless of whether you work for them or not. One of the key characteristics of partnerships is that they are not taxed as separate entities, they pass-through their income or losses to the partners.
This transportation mode is often the most expensive on a per-pound basis.A. waterB. highwayC. airD. rail
Answer: (A) Air
Explanation:
Air transportation is one of the expensive transportation mode on the basis of per pound as pound is the unit of the weight.
Air transportation is one of the fastest mode of transportation now a days but the cost of air transportation is much expensive as compared to all the transportation facilities.
The air crafts and air planes most high for the construction and the common people cannot afford to use the air transportation facilities.
Therefore, Option (A) is correct.
Air transportation is typically the most expensive mode of transportation on a per-pound basis due to high operational costs and smaller cargo capacity.
Explanation:This question is referring to the four main modes of transportation: water, highway, air, and rail. Among these, air transportation is usually the most expensive on a per-pound basis. This is largely due to the high operational costs associated with flying goods across large distances, including fuel, maintenance, and labor costs. Similarly, air transportation also has a significantly smaller cargo capacity than water or rail transport, further increasing its cost per pound.
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During and after the financial crisis of 2007minus2009, the Fed greatly increased the supply of reserves through three rounds of quantitative easing by A. purchases of long-term Treasury securities and sales of mortgage-backed securities. B. sales of both long-term Treasury securities and mortgage-backed securities. C. sales of long-term Treasury securities and purchases of mortgage-backed securities. D. purchases of both long-term Treasury securities and mortgage-backed securities.
Answer:
D) purchases of both long-term Treasury securities and mortgage-backed securities.
Explanation:
Quantitative easing is basically a large scale purchase of securities carried out by the FED. When the FED purchases long term Treasury securities, or any other type of security including mortgage backed securities, it is increasing the economy's money supply. Since the economy was facing a very deep recession, by increasing the money supply the FED was trying to boost the economy and make it rebound.
What is a business requirement?
a) The specific business requests the system must meet to be successful
b) The nonspecific methodology the system must meet to be successful
c) The nonspecific business requests the system must meet to be successful
d) The specific methodology the system must meet to be successful
Answer: Option A
Explanation: In simple words, business requirements refers to the set of complex activities regarding operating of a business that the organization must performs to continue in the market. Usually these activities involves identifying the needs of others and performing accordingly to fulfill those needs.
These activities are not general in nature, they are specific in nature for a particular group that needs to perform it or the one which needs to get it performed.
The text reports the results of a test for the significance of the difference in average income for random samples of males and females. Males earned an average of about $17,000 more per year and the Z score computed in step 4 was 6.53. Given these results, which of the following is a reasonable conclusion?
a. There is no gender gap in income in the United States.
b. This difference is statistically significant but quite small.
c. The difference is not statistically significant and was probably caused by random chance.
d. The difference is statistically significant, large, and important.
Answer:
The answer is letter D.
Explanation:
The difference is statistically significant, large, and important.
When Kimberly begins working for Pharmco Industries the company tells her that at a future after so many years of employment with the company she can receive retirement pay. Her rights to receive pay upon retirement would be considereda. vested.b. accrued.c. sheltered.d. inferred.
Answer:
The correct answer is a. vested.
Explanation:
Retirement is the administrative act by which an active worker, whether self-employed or employed, goes into a passive or inactive situation, after reaching the maximum age, or due to serious chronic illness or disability. He then obtains a monetary benefit for the rest of his life. The labor legislation of each country stipulates different conditions in this regard.
In order to compensate for the loss of income that derives from the work termination, the beneficiary of the retirement is recognized an economic benefit that usually consists of a monthly income. The benefit is for life and only ends with the death of the interested party. The amount of the benefit can be based on different criteria: for example, with the actuarial criteria, it is established in relation to the amount and amount of the contributions made; with a substitution criterion, it is established from a certain percentage of the amount of income during working life.
In public retirement systems, to access a retirement it is necessary to meet age requirements (generally around 60-65 years) or access an early retirement for reasons of disability. On the other hand, in the case of a contributory system, access usually depends on having fulfilled a minimum of years of social security contributions.
Howard Co. had the following first-year amounts for a $7,000,000 construction contract: Actual costs $2,000,000 Estimated costs to complete 6,000,000 Progress billings 1,800,000 Cash collected 1,500,000 What amount should Howard recognize as gross profit (loss) using the percentage-of-completion method?
a. ($1,000,000)b. ($200,000)c. $800,000d. $1,750,000
Answer:
estimated loss from the project is $1,000,000
correct option is a. ($1,000,000)
Explanation:
given data
contract price = $7,000,000
Actual costs = $2,000,000
Estimated costs = 6,000,000
Progress billings = 1,800,000
Cash collected = 1,500,000
to find out
What amount should Howard recognize as gross profit (loss)
solution
we get in the amount to complete the project that is
amount to complete = contract price - Actual costs - Estimated costs
amount to complete = $7,000,000 - $2,000,000 - 6,000,000
amount to complete = - $1000000
so estimated loss on project
so that the total $1,000,000 loss must be recognize
so correct option is a. ($1,000,000)
Final answer:
To determine gross profit (loss) when using the percentage-of-completion method, the formula [(Actual costs - Estimated costs to complete) / Total Estimated costs] x Profit Earned so far is applied. By calculating the values provided in the question, the correct answer is $250,000.
Explanation:
Gross profit (loss) = [(Actual costs - Estimated costs to complete) / Total Estimated costs] x Profit Earned so far
Given:
Actual costs = $2,000,000
Estimated costs to complete = $6,000,000
Progress billings = $1,800,000
Cash collected = $1,500,000
Substitute the values into the formula to calculate:
Gross profit (loss) = [($2,000,000 - $6,000,000) / $6,000,000] x $1,500,000 = ($4,000,000 / $6,000,000) x $1,500,000 = $1,000,000 x 0.25 = $250,000
The correct answer is $250,000.
Dina loves to splurge on clothes. However, when she was shopping the other day, she bought much less than what she usually does as she had left her credit card at home. Which of the following antecedent conditions is most likely accountable for Dina's reduced volume of purchase?
A. Buying power
B. Mental budgeting
C. Orientation
D. Fearfulness
Answer:
A. Buying power
Explanation:
Based on the information provided within the question it can be said that the condition that is most likely accountable for this is Dina's buying power. This term refers to amount of something that a certain amount of money is able to buy, compared to different time periods. Since Dina left her credit card at home, she only had a certain amount of money, meaning she could only buy less than she would be able to if she had her card.