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qaws [65]
3 years ago
11

Wayne has bought over 15 laptop computers for himself and his family. To buy a new one he does no searching online or in any sto

res but goes straight to the HP website and orders a slightly newer version of the last one he bought. For him, the laptop is a(n) ______ problem-solving experience.
Business
1 answer:
V125BC [204]3 years ago
3 0

Answer:

Limited.

Explanation:

Some purchase decisions are more important than others and the amount of effort we put into each differs.

Sometimes the decision-making process is done almost automatically; we seem to make snap judgements based on very little information.

-Limited Problem Solving: Usually, it also involves internal and limited external search, few alternatives, simple decision rules on a few attributes, and little post- purchase evaluation. In general, limited decision making involves recognising a problem, for which there are several possible solutions. There is an internal and limited amount of external search. Source: Solomon, Bamossy, and Askegaard,1999; Hawkins et al, 2004.

-Extended Problem Solving (EPS). Is usually initiated by motive that is fairly central to the self-concept, and the eventual decision is perceived to carry a fair degree of risk. The consumer tries to collect as much information as possible, both from memory (internal search) and from outside sources (external research). At this level, the consumer needs a great deal of information to establish a set of criteria on which to judge specific brands and a correspondingly large amount of information concerning each of the brands to be considered. Source: Solomon, Bamossy, and Askegaard,1999; Peter et al, 1999.

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Teal Mountain Golf Inc. was formed on July 1, 2019, when Matt Magilke purchased the Old Master Golf Company. Old Master provides
g100num [7]

Answer:

Teal Mountain Golf Inc.

a. Journal Entry:

December 31, 2020:

Debit Amortization Expense $17,680

Credit Accumulated Amortization $17,680

To record the amortization expense for the year.

b. Intangible Assets Section of Teal Mountain Golf Inc. as at December 31, 2020:

Goodwill                     $160,000

less acc. amortization    16,000    $144,000

Trade Name                    6,000

less acc. amortization     1,200           4,800

Copyright                      19,200

less acc. amortization       480          18,720

Total net intangible assets          $167,520

Explanation:

a) Data and Calculations:

Amount paid for Old Master Golf Company = $780,000

Fair value of old master's assets = $810,000

Less liabilities =                                 (190,000) (620,000)

Purchased Goodwill =                                       $160,000

Intangible assets:      Amortization Period  Amortization Expense for 2020

Goodwill = $160,000      10 years                  $16,000 ($160,000/10)

Trade name $6,000        5 years                      1,200 ($6,000/5)

Copyright   $19,200      40 years                        480 ($19,200/40)

Total amortization expense for 2020 =       $17,680

6 0
3 years ago
People commonly use credit cards, auto loans, home mortgages to finance their purchases *
nalin [4]

Answer:

the answer to this question is true

4 0
3 years ago
Read 2 more answers
Suppose a parcel of land promises to return $750 per year per acre. what is the capitalized value of the land if the interest ra
sergij07 [2.7K]

A capitalized value of land is the value of the land calculated on Total return per year divided by the interest rate.

The capitalized value of land = Return on land per year ÷ Interest rate

Where Return on land per year = $750

Interest Rate = 7%

The capitalized value of land = $ 750 ÷ 0.07

= $ 10,714.29

Therefore, the capitalized value of land if the interest rate is 7% is $ 10,714.29.

6 0
3 years ago
In 2021, Robert takes four key clients and their spouses out to dinner at a local restaurant. Business discussions occurred over
Zepler [3.9K]

The amount deductible by Robert for year 2021 against the meal and entertainment expenses will be 50% that is $420 from the total expense amount of $840.

<h3>What is business deductions?</h3>

The business deductions are the amounts those are allowed to be deducted while filling the income tax. There is certain criteria to deduct different expenses.

As per the IRS regulation, when the tax payer is self-employed then the amount that can be deducted against meal and entertainment can be 50% of the total expense.

Therefore, Robert can deduct only $420 from the taxable income.

Learn more about business deductions, here:

brainly.com/question/13870330

#SPJ1

8 0
2 years ago
Density Farms Inc. had sales of $750,000, cost of goods sold of $200,000, selling and administrative expense of $70,000, and ope
shusha [124]

Based on the costs described and the operating profit, the depreciation expense was <u>$330,000</u>

<h3>Depreciation expense</h3>
  • Is an expense owning to fixed assets losing value.
  • Is deducted from the Sales revenue.

You can find the depreciation expense as:

Operating income = Sales - Cost of goods sold - Admin expenses - Depreciation

150,000 = 750,000 - 200,000 - 70,000 - Depreciation

Depreciation = 750,000 - 200,000 - 70,000 - 150,000

= $330,000

In conclusion, depreciation was $330,000.

Find out more about depreciation at brainly.com/question/23057744.

5 0
2 years ago
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