The excel function for monthly payments is =PMT()
The excel function for cumulative total interest is =CUMIPMT()
Total= $159,552
Giving the following information:
The company has budgeted to sell 15,600 Debs in February.
Sales commissions $ 0.96*15,600= 14,976
Shipping $ 1.46 *15,600= 22,776
Executive salaries $ 60,600
Depreciation on office equipment $ 20,600
Other $ 40,600
Total= $159,552
Answer:
Implied warranty.
Explanation:
Implied warranty is when there are presumed assurance of the performance of a product due to the circumstances of the sale. For example when one purchases a television the assumption is that the television will work. This is the implied warranty when making a purchase.
In this instance Sylvania sells light bulbs and the buyer assumes that the bulbs are safe to use, and will last for a good period of time before they fail.
A violation of implied warranty for example is if one buysa product and it does not work at all. The customer can return the item for replacement.
Answer:
$250 million
Explanation:
Given that,
Cell phones:
Quantity produced = 5 million
Price per cell phone = $100
Pizza:
Quantity produced = 25 million
Price per pizza = $10
The market value of pizza is determined by the product of quantity produced and price of each pizza.
Market value of pizza:
= Quantity produced × Price per pizza
= 25 million × $10
= $250 million
The tendency of naive investors to buy high (after prices have risen for several periods) and sell low (after prices have dropped for several periods) can be explained by the behavioral tendency known as anchoring.
<h3>What does anchoring in purchasing behavior mean?</h3>
A behavioral finance heuristic known as "anchoring" refers to the unconscious use of unimportant information, such as the price at which a security was purchased, as a fixed reference point (or "anchor") for making decisions about that security in the future.
The cognitive bias known as "anchoring" occurs when the mere existence of an initial number has an outsized impact on later decision-making. The TV's exorbitant cost acts as an anchor that encourages buyers to spend more money than they intend to. By announcing a lower price after stating a price, the anchoring effect in making purchase decision is activated. Customers will view the higher price as being more comparable to the original, lower price than the alternative prices being provided.
To learn more about purchase decision, visit:
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