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earnstyle [38]
3 years ago
14

One possible reason as to why consumers respond to sales is that by displaying a "high" regular price and a "low" sale price, sa

les provide consumers with a reference point to interpret the prices being offered. True False
Business
1 answer:
Olenka [21]3 years ago
8 0

Answer:

True

Explanation:

Experiments regarding consumer behavior have shown that consumers usually expect a product to have a certain price that serves as a reference price that they use to determine if a retailer's price is high (more expensive than the reference price) or low (cheaper than the reference price).

It is normal (but unethical) that some retailers increase their prices a little before starting a sales campaign, since a higher reference price will make consumers believe that the offer is even better.  

You might be interested in
Tudor Company acquired $500,000 of Carr Corporation bonds for $487,706.69 on January 1, 2019. The bonds carry an 11% stated inte
hichkok12 [17]

Answer:

Debt securities Carr Corp.   500,000 debit

                Cash                                   487,706.69 credit

                Discount on D.S Carr Corp. 12,293.31 credit

--to record the purchase of the dbet securities--

Cash                                   27500.00 debit

Discount on D.S Carr Corp. 2048.88 debit

             interest revenue            29.548,88 credit

--to record under straitgh-line method --

Cash                                    27,500.00 debit

Discount on D.S Carr Corp  . 2,224.99 debit

             interest revenue            29,724.99  credit

--to record under effective rate method --

ATTACHED SCHEDULED

Explanation:

The difference between the face valeu and the actual price will be the discount or premium being discount, when lower and premium when higher.

500,000 - 487,706.69 = 12,293.31

Effective rate will calculate the interest revenue by multipling the carrying value by the market rate

and the amortization in the discount will be the difference with the actual cash proceeds

Straight-line will divide the discount over the total amount of payments due and do the same amount over time:

12,293.31 / 6 = 2048.885

8 0
3 years ago
A common problem in surveying is to determine the altitudes of a series of points with respect to some reference point. The meas
iVinArrow [24]

<u>Answer:</u>

<em>During</em><em> light downpour or day off,</em><em> teams can work; be that as it may, at whatever point the downpour or snow is </em><em>influencing perceivability</em><em> or there is lightning, a field group ought not be working. </em>

<u>Explanation:</u>

A <em>common problem in surveying</em> is to determine the altitudes of a series of points with respect to some reference point.

The <em>measurements are subject to error</em>, so more observations are taken than are strictly necessary to determine the altitudes, and the resulting over determined system is solved in the <em>least-squares sense to smooth out errors. </em>

5 0
3 years ago
A building's owner pays a property manager in 81/2% commission based on the units annualized rent for each new tenant last year
Vera_Pavlovna [14]

Commission paid by the building owner to the property Manager for the new tenant is $4575.

<h3>What is a Commission?</h3>

A brokerage receives compensation for delivering a customer who signs a lease by way of a rental commission. Frequently, rental commissions are stated as months of rent or as a percentage of the annual rent.

The calculation for the Commission of Property Manager:

Commission = Total annualised rent x percentage of Commission

                     = (795 x 12 x 3 + 1200 x 12 + 900 x 12) x 8.5%

                     = 53820 x 8.5% = $4,575

Commission for the property manager = $4,575.  

   

Thus,  a rental commission, a brokerage is paid for bringing a consumer who signs a lease. The commission for the property manager is $4,575.

Learn more about Commission here:

brainly.com/question/20987196

#SPJ1

5 0
2 years ago
On December 1, Year 1, Jack’s Snow Removal Company received $6,000 of cash in advance from a customer and promised to provide se
AVprozaik [17]

Answer:

Increase Revenue, Decrease Liability

Explanation:

On December 1, They have recognized a liability of $6,000

with the journal entry:

(DR) Cash                $6,000

(CR)   Unearned Revenue       $6,000

Now, on December 31 let's assume that the expiration is an exact

per month division of $2,000 ($6,000 / 3 months)

The adjusting entry would be:

(DR) Unearned Revenue     $2,000

(CR)      Service Revenue             $6,000

The first effect is clear, there is an Increase in Revenue since  

the company have rendered the services.

Now, the second effect is that the Liabilities have decreased

because of the debit to "Unearned Revenue" which is a liability.

4 0
3 years ago
The present value of a lump sum future amount:__________
SVEN [57.7K]

Answer:

  • <u><em>d) increases as the interest rate decreases.</em></u>

Explanation:

<em>Present value</em> is the value today; future value is the value some time in the future.

The mere notion of the value of money in time should tell you that, further away in time (towards the future) a sum of money is found, the lower its value today.

Then, you should be able to rule out some propositions that are contrary to that intuition:

  • a<em>) decreases as the time period decreases</em> ↔ clearly false: the present value increases as the time period decreases
  • <em>e) is directly related to the time period</em>. ↔ clearly false: the present value is inversely related to the time period.

How is the present value related to the future value?

They are directly related: the higher a lump sum in the future the higher the value of it in the present; more money is more money always. More money in the future has more value in the present; less money in the future has less value in the present. Thus,  the option <em>b). is inversely related to the future value</em> is false

How is the present value related to the interest rate?. Which one is true?

  • c) is directly related to the interest rate, or
  • d) increases as the interest rate decreases

The present value is calculated discounted the future value at the interest rate. The interest rate is in the denominator of the equation to pass from future value to present value. Thus, they are inversely related (c is false); the less the interest rate, the higher the present value of a future amount (confirm d is true).

Therefore, the correct answer is that <em>the present of a lump sum future amount: </em><em><u>d) increases as the interest rate decreases.</u></em>

<u />

6 0
3 years ago
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