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3 years ago

Limited decision making is used when purchasing frequently bought, low-cost items needing very little decision effort.

Business

1 answer:

Kay [80]3 years ago

5 0

Answer:

True

Explanation:

Routinized response behavior is the decision making process used by consumers when they buy frequently purchased, low cost items that require very little search and decision effort.

Convenience goods are low cost goods that are purchased frequently with very little search and decision effort, e.g. candy, cold drinks, etc.

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Poseidon Co. holds 70% of the common stock of Saturn Co. In the current year, Poseidon report sales of $2,400,000 and cost of go

UkoKoshka [18]

Answer:

<u>Consolidated sales and cost goods sold would be:</u>

Revenue : $3,000,000

Cost of Sales : $2,040,000

Explanation:

The Consolidation Process Includes 100% of Poseidon Co. and 100% of Saturn Co.

However Revenues for Saturn is Overstated and Cost of Goods Sold of Poseidon Co. are overstated due to the intragroup sale and thus the sale should be eliminated.

<u>Journal to Eliminate Intragroup Sale</u>

Revenue : Saturn Co $300,000 (debit)

Cost of Sales : Poseidon Co $300,000 (credit)

<u>Consolidated sales and cost goods sold would be:</u>

Revenue : $2,400,000+$900,000-$300,000 = $3,000,000

Cost of Sales : $1,800,000+$540,000-$300,000 = $2,040,000

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2 years ago

In 1 or 2 sentences, define an externality and explain how the government makes companies take responsibility for negative exter

tamaranim1 [39]

In economics an externality is the cost or benefit that affects someone who did not choose this. It is the true cost of a product that can be both positive or negative. Pollution can be an example of this. An educated labor force producing more is a positive example of this. The government rewards positive externality and punishes negative externality. Rewards can be surpluses and taxes can be punishments.

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2 years ago

Find the mean of this data set: $7.75, $9.50, $7.20, $8.00. note: round answer to the nearest cent.

OleMash [197]

First you would add all the numbers together.
32.45-- Is your answer
Next you round the answer to the nearest cent or hundreth beacuse there the same
32.45
-
In this the 5 is the nearest cent. The saying is 5 or more raise a score, 5 or less let it rest, so you new number would be

32.50 Is your final answer

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3 years ago

Linda owns and runs her own firm. She also serves on the boards of several companies. Although she does not work for these compa

Vlad [161]

Answer:

<h2>The answer, in this case, would be true or option a) given in the answer choices.</h2>

Explanation:

In any business, an outside director is commonly identified as an individual who is officially not an employee or a shareholder of the company or business enterprise.
An outside director can board meetings, analyze essential business information and interact and share opinions with the shareholders regarding company decisions and operational modes.
The outside director is also eligible to receive certain financial benefits such a periodic annual fee and other stock/bond investment options.

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2 years ago

When the government implements programs such as progressive income tax rates, which of the following is likely to occur? a. equa

kozerog [31]

Answer:

The correct answer is b. equality is increased and efficiency is decreased.

Explanation:

Progressive taxes are considered those in which the economic capacity of the person or the company is taken into account, that is: the higher the economic capacity the value to be paid for the tax increases. The objective of this type of taxes is that the payments made by people or companies are made proportionally to their income. Direct taxes are usually progressive.

An example of a progressive tax is the income tax, in the case of natural persons the value to be paid for this concept depends on the taxable liquid income.

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3 years ago