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trapecia [35]
3 years ago
7

When we see an ad for a brand we don't like, we may subconsciously misinterpret the new information about the brand to fit our n

egative views. This is an example of ___________________________________.
a. selective focus

b. selective retention

c. selective distortion

d. selective attention

e. selective generalization
Business
1 answer:
Natasha_Volkova [10]3 years ago
8 0

Answer:

The correct answer is letter "C": selective distortion.

Explanation:

Selective distortion refers to a perceptual process in which individuals try to make fit new ideas with previous points of view they had about certain topics. This scenario takes place because individuals tend to block new information input so they distort the new information to make it match their beliefs.

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On December 31, 2018, the unadjusted balance in Prepaid Insurance was $2580. This was the amount paid in the middle of the year
mixer [17]

Answer:

Debit Insurance expense $665

Credit Prepaid Insurance  $665

Being entries to recognize insurance expense incurred between July and December, 2018

Explanation:

When an amount is prepaid for insurance expense to be incurred at a later date, the entries required are

Debit Prepaid insurance account

Credit Cash account

When the expense is incurred, the entries then required will be

Debit Insurance expense

Credit Prepaid Insurance

Since the $2,580 paid was for a two-year insurance policy with coverage beginning on July 1, 2018, at at December 31, 2018, the expense would have been incurred for 6 months out of the 24 months (2 years) paid for. This expense amounts to

= 6/24 × $2,580

= $665

Hence the adjustment required

Debit Insurance expense $665

Credit Prepaid Insurance  $665

Being entries to recognize insurance expense incurred between July and December, 2018

4 0
3 years ago
Firm A and Firm B are the only two companies that sell mail-order DVD rental subscriptions. For several years, Firm A priced its
sveta [45]

Answer:

b. Firm A engaged in predatory pricing.

Explanation:

Since Firm A and B are the only two companies that sell mail-order DVD rental subscriptions.

Firm A decided to price its subscriptions below average variable cost thereby causing Firm B to also sell subscriptions below average variable cost, but they went bankrupt and exited the market. Firm A then raised prices by 40% and is currently earning large, positive economic profits.

Based on this information only, an argument can be made that Firm A engaged in predatory pricing.

Predatory pricing is a marketing or pricing strategy that involves lowering the cost of goods and services for a short-term, in order to lure competing firms to lower their price, thus causing them to go bankrupt and exiting from the market.

3 0
3 years ago
Outlines are effective because they
storchak [24]
An outline<span> is like a map showing the best path. ... wants to present -- arranged in the order the writer thinks will be most </span>effective<span>. ... Then they write the </span>outline<span>, to see if one paragraph leads smoothly to the next, or if they've left something out. .... They are useful </span>because they<span>: help the writer organize their thoughts before ... your answer is in this paragraph </span>
8 0
3 years ago
Read 2 more answers
During 2020 the DLD Company had a net income of $85,000. In addition, selected accounts showed the following changes: Accounts R
zmey [24]

Answer:

$84,500

Explanation:

Data provided as per the question

Net income = $85,000

Depreciation expenses = $1,500

Accounts receivables = $3,000

Increase in accounts payable = $1,000

The computation of amount of cash provided by operating activities is given below:-

Amount of cash provided by operating activities = Net Income + Depreciation expenses - Accounts receivables + Increase in accounts payable

= $85,000 + $1,500 - $3,000 + $1,000

= $84,500

Therefore, for computing the Amount of cash provided by operating activities we simply applied the above formula.

5 0
3 years ago
Sarah Parks is in the very early stages of putting together a business startup, and is thinking about writing a business plan to
Reptile [31]

Answer:

C. Summary business plan

Explanation:

A "business plan" is very important in order for a person to assess the success of his business. Among the choices above, the best answer is the <em>"Summary business plan." </em>This allows the entrepreneur to summarize the important points needed and to provide solid case of his business idea. This should also be clear and concise because it is going to be read by people who will be investing in the business. Examples of these groups are the <em>banks and investors.</em>

For startup business, it is important to include the following in the summary business plan: <em>business opportunity, target market, business model, marketing and sales strategy, financial analysis, competition, implementation plan, owners/staff, etc.</em>

So, this explains the answer.

4 0
3 years ago
Read 2 more answers
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