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3 years ago

In the context of consumer learning, which of the following statements is true of direct experience? Select one:

Business

1 answer:

dimulka [17.4K]3 years ago

8 0

Answer: Information acquired is extremely vivid.

Explanation: Consumer learning involves consumers acquiring knowledge about a product consciously or unconsciously which directly affects their view of the product.

Since the knowledge gotten about the product is directly gained by the consumer, it creates a clear and lasting impression on them.

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Master Hatter's demand for hats is 25,000 per year. The order cost is $425 and the carrying cost is $4.50 per unit. The cost pai

laiz [17]

Answer with its Explanation:

Part A. Economic order quantity Computation

Economic order quantity can be calculated by using the following formula:

EOQ = Squaroot of (2* D * S / H)

Here

Ordering cost per order is $425 which is S

Annual Holding cost per unit per year is $4.5 which is H

Annual Demand is 25000 Units

By putting values, we have:

EOQ = (2 * 25000 * $425 / $4.5) ^(1 / 2) = 2173 Hats

Part B.

Total Cost at EOQ = Purchasing Cost + Total Ordering cost + Holding Cost

By putting values, we have:

Total Cost = 25,000 Units * $25 per unit + ($25,000 / 2173 Hats) * $425 + (2173 Hats / 2) * $4.5 = $634,778 Annual Cost

Part C.

For ordering at-least 2000 units per order, the total cost would be:

Total Cost under 2000 order quantity = 25,000 * $25 per unit + (25000/2000) * $425 + (2000/2) * $4.5

Total Cost under 2000 order quantity = $634,813

By ordering at least 2000 hats will bring a loss of $35 ($634,778 - $634,813), hence Master Hatter must only order in EOQ.

6 0

3 years ago

When a company sells property and then leases it back, any gain on the sale should usually bea. deferred and recognized as incom

Julli [10]

Answer: A. deferred and recognized as income over the term of the lease.

Explanation:

In a sale-leaseback transaction, that is when a property is sold by a company and leased back, the property seller is the lessee and the property purchase is the lessor. In this case, a sale-leaseback will allow a company to sell an asset so that the company can raise capital, after which the asset can then be leader back.

When a company sells property and then leases it back, any gain on the sale should usually be deferred and recognized as income over the term of the lease.

6 0

3 years ago

Why do you think it will be important to stay flexible if your goals change as you get older?

Svetradugi [14.3K]

Answer:

You will feel stronger once you gain a bit of flexibility, simply because that flexibility gives you the range of motion to let your muscles work more efficiently. Maintaining flexibility will aid in muscle and joints health, which can keep older adults doing their favorite daily activities and remain independent.

6 0

3 years ago

Jeremy Corporation estimated manufacturing overhead costs for the year to be $500,000. Jeremy also estimated 8,000 machine hours

Crank

Answer:

Allocated overhead= $375

Explanation:

Giving the following information:

Jeremy Corporation estimated manufacturing overhead costs for the year to be $500,000. Jeremy also estimated 8,000 machine hours and 2,000 direct labor hours for the year. It bases the predetermined overhead allocation rate on machine hours.

On January 31, Job 25 was completed. It required 6 machine hours and 1 direct labor hour.

First, we need to calculate the predetermined overhead rate:

predetermined overhead rate= total estimated overhead for the period/ total amount of allocation base

predetermined overhead rate= 500,000/8000= $62.5 per machine hour

Allocated overhead= predetermined overhead rate* actual hours= 62.5* 6= $375

4 0

3 years ago

John is a successful businessman. He always maintains a high bank balance. Hence the bank pays him interest. John uses this acco

ratelena [41]

Answer:

Interest-bearing checking accounts

Explanation:

Interest bearing checking accounts provide the customers with a certain amount of interest rates depending on the amount of balance the customers have in their checking accounts.

In general, the interest rate from interest-bearing checking accounts wouldn't be as high as normal saving account. But, many people often use this because it is easier to liquidate your cash through this type of accounts. Fast liquidation make this type of account a convenient options for someone who often conduct a purchase.

4 0

3 years ago

​In the context of consumer learning, which of the following statements is true of direct experience?​ Select one:

In the context of consumer learning, which of the following statements is true of direct experience? Select one: