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liq [111]
4 years ago
8

Everyday fresh is a retail outlet that sells its products at a discounted rate. it expands its product base to a new division th

at primarily sells stationery. jason buys a set of pencils and erasers and assumes that these products must have a discount too. this kind of reasoning is said to be ______. analogical reasoning deductive reasoning parallel thinking means-end analysis
Business
2 answers:
Goryan [66]4 years ago
8 0

He is following the Deductive Reasoning. In simple words, Deductive Reasoning is the process of reasoning or thinking from one or more characteristics of someone or something to reach at a conclusion about them.  

Like in this example, Everyday Fresh company sells its products at a discounted price, so it is very logical to think for someone that if the company opens up its new product base, that would also be at the discounted price.

So when Jason bought a set of pencils and eraser of Everyday Fresh company, he thinks that this would also be given on a discounted rate. This logical thinking is called as Deductive Reasoning.

otez555 [7]4 years ago
7 0
This kind of reasoning is said to be DEDUCTIVE REASONING.
Deductive reasoning is the process of reasoning based on multiple premises that are generally believed to be true. Deductive reasoning usually moves from the general to the specific. For instance, in the question given above, Jason reasoned that if other products are sold at discounted prices, then the items that are newly available will also be sold at discounted prices. 
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The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In a
astra-53 [7]

Answer:

Actual Price paid for materials = $4.2136 \times 2,200 = $9,270

Actual price per unit = $4.2136

Explanation:

Provided information,

Standard Material per unit = $4

Total cost = $8,400

Standard Quantity = $8,400/$4 = 2,100 units

Provided Material Price variance = $470 unfavorable = - $470

= (Standard Price - Actual Price) \times Actual Units

Material Quantity Variance = $400 Unfavorable = - $400

= (Standard Quantity - Actual Quantity) \times Standard Rate

Using Material Quantity Variance

- $400 = (2,100 - Actual Quantity) \times $4

-$400/$4 = 2,100 - Actual Quantity

Actual Quantity = 2,100 + 100 = 2,200 units

Now, putting this value in Material Price Variance we have,

- $470 = ($4 - Actual Price) \times 2,200

-$470/2,200 = $4 - Actual Price

- $0.214 = $4 - Actual Price

Actual Price = $4 + $0.2136 = $4.2136

Final Answer

Actual Price paid for materials = $4.2136 \times 2,200 = $9,270

Actual price per unit = $4.2136

8 0
4 years ago
Which accurately explains the difference between the stock market and the bond market?
Reptile [31]
<span>Bond prices have an inverse relationship with interest rates. As bond prices rise, yields will fall. Typically this is bullish for stocks as investors move to the equity marke .Equity is bought and sold in the stock market while debt is bought and sold in the bond market.The Stock Market is a subset of the Capital Market.</span>
5 0
4 years ago
Read 2 more answers
Bubba is a shrimp fisherman who used $2,000 from his personal savings account to buy a boat and equipment for his shrimp busines
oee [108]
2040 I think because 2 percent of 2000 is 40 so you add 2000+40 and you get 2040
7 0
3 years ago
A 15-year annuity pays $1,475 per month, and payments are made at the end of each month. If the interest rate is 9 percent compo
fredd [130]

Answer:

Explanation:

First of all we shall calculate the present value of an annuity( at the end of 7 years )  of 1475

at interest rate of 6/12 = .5 % for total instalment of 12 x 8 = 96 ( 6% compounded monthly )

rate of intt .5% , no of instalment 96

PV of annuity of 1475

= 112252.66

This amount has to be discounted at 9 % to present value for 7 years

or calculated at 9/12 = .75% for 84 instalment

PV of 112252.66

= 59925.55

Now , we shall calculate PV of annuity of 1475 for 7 years compounted monthly ( rate of intt .75 % , no of instalment 84)

PV of annuity of 1475

= 91671.84

Total value

= 59925.55 + 91671.84

= 151597.39

3 0
4 years ago
Which of the following statements is INCORRECT. All else equal, 1. If a bond's yield-to-maturity (YTM, i.e., market interest rat
timurjin [86]

Answer:

1

Explanation:

When the yield to maturity is greater than the coupon rate, the bond is selling at a discount.

When the yield to maturity is less than the coupon rate, the bond is selling at a premium.

When the yield to maturity is equal to the coupon rate, the bond is selling at par.

4 0
3 years ago
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