Answer:
Note Contract Date Principal Interest Rate Period of Note (Term)
1 March 7 $12,000 5 % 60 days
2. May 21 $18,000 7% 90 days
3. October 26 $ 14,000 4% 45 days
1. Maturity date = 6 May
Interest expenses = $12,000*5%*60/360
Interest expenses = $100
2. Maturity date = 19 August
Interest expenses = $18,000*7%*90/360
Interest expenses = $315
3. Maturity date = 10 December
Interest expenses = $14,000*4%*45/360
Interest expenses = $70
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:
brainly.com/question/26517026
#SPJ1
Answer:
7.88%
Explanation:
Given that,
Dividend earned last year = $5.08 per share
Dividend paid = $2.00 per share
Return on equity, ROE = 13 percent
Retention ratio:
= (Dividend earned last year - Dividend paid) ÷ Dividend earned last year
= ($5.08 - $2.00) ÷ $5.08
= $3.08 ÷ $5.08
= 0.6062
Sustainable growth rate:
= Retention ratio × Return on equity
= 0.6062 × 0.13
= 0.078806 or 7.88%
I also believe it is your resume, because everything in it shows upon your soft skills.
Answer:
Cost of ending inventory using:
LIFO = $540
FIFO = $581
weighted average = $553.13
Explanation:
Units Unit Cost
Beginning inventory on January 1 370 $3.60
Purchase on January 9 80 $3.80
Purchase on January 25 110 $3.90
Sales on January 26, the company sells 410 units.
Ending inventory 150 units
Cost of ending inventory using:
LIFO = 150 x $3.60 = $540
FIFO = (110 x $3.90) + (40 x $3.80) = $581
weighted average = ($2,065 / 560) x 150 units = $553.13
