an example of overconfidence would be: Joe makes a stock price prediction and believes that there is only a 5% chance that his estimate is wrong; overlooking recent articles about the bad financial health of the business.
Buying stocks without any prior knowledge in finance would provide people with 50% rate of success. Good stock traders usually could improve their success rate up to 70% while success rate of 95% is very unlikely. Especially if the financial information showed a bad sign. The fact that Bill still put his money on the company's stock indicates that he is overconfident.
Answer:
(A) Income statemnt for year ended 2XX9
sales 397,000
COGS (115,000)
gross profit 282,000
operating expenses (125,000)
income before taxes 157,000
income tax expense (53,380) <em>34% of 157,000</em>
Net Income 103,620
(B) Profit Margin 26.10%
(C) non-sufficent information
Explanation:
(A)
the dividends and retained earnings are not part of the income statment.
(B)
profit margin:
net income / sales = 103,620/397,000 = 0.261007556 = 26.10%
(C) non-sufficent information
Answer:
False. The author will NOT prefer a higher book price than will the publisher.
Explanation:
It is evident from the diagram -please check the attached image to the exercise- that the author wants to set a lower price than the publisher (to sell the higher quantity)
.
Answer:
D. Only customers receive a financial institution privacy notice automatically
Explanation:
Let us take an illustration of all the points, primarily A is inaccurate because simply customers acquire a financial institution's privacy note directly. B and C are unreliable because, depending on the bank's privacy practices, both consumers and customers may have rights under the law and be able to opt-out. So, the answer will be D as we know that, the Privacy Rule demands thou to provide a note to each of your "customers" regarding your privacy systems.
Answer:
Benefits
Explanation:
Both existing and potential customers attached the value of a product to its perceived benefits rather than its technical features.
When selling a product, businesses should focus more on communicating the benefits of a commodity than its features. Customers are more concerned with the advantages they stand to gain by consuming goods or services.
Focusing on benefits allows a business to set high prices and differentiate the product from its competitors. Communicating benefits creates a psychological conviction on customers, making them want to buy the product, thereby increasing sales.
