Rosario seeking information that confirms her decision was a good decision while she ignores conflicting information, is an example of: confirmation bias.
<h3>What is a confirmation bias?</h3>
A confirmation bias can be defined as the tendency of an individual to search, favor and recall information in such a way that it's consistent, supports and favors one's existing beliefs and decisions.
In this context, an example of confirmation bias would be Rosario seeking information that confirms her decision was a good decision while she ignores conflicting information.
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The Net Income for the quarter is give as: $90,850. See the attached for more explanation.
<h3>What is an Income Statement?</h3>
An income statement summarizes a company's sales, costs, and profitability over time. It is sometimes referred to as a profit-and-loss (P&L) or earnings statement.
It displays your revenue from the sale of goods or services expenditures to produce income and run your company
It is important to note that when there is a short fall between expense and income, it is referred to as Net Loss. The net financial position is derived by removing the sum of all expenses from the sum of all income streams.
The three main parts of an income statement is:
- Revenue
- Expenses; and
- Profit.
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Answer: High up-front costs
Explanation: Starting a corporation requires a large initial investment. (I took the test and got it correct)
<span>When bic introduced disposable razors, the product and market met several criteria for using market-penetration pricing.</span>
Answer: $242,567.27
Explanation:
The $5,000 is an annuity as it is being paid every year and is a constant amount.
The value in 19 years is the future value of this annuity:
Future value of annuity = Annuity * ( ( 1 + rate) ^ number of years - 1) / rate
= 5,000 * ( ( 1 + 9.5%)¹⁹ - 1) / 9.5%
= $242,567.27
