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3 years ago

Which of the following statements about the Consumer Decision Process is false?

Business

1 answer:

Harman [31]3 years ago

7 0

Answer:

The answer is: A) In a successful purchase, every stage in the process has to happen.

Explanation:

Sometimes we as customers don´t have the time or are unable to follow all the stages in the consumer decision process. Many times it depends on what need we want to satisfy. For instance, if we are hungry or thirsty we might decide to eat at the first restaurant we find. It doesn´t mean we made a bad choice, it simply happened that way because we didn´t have time to research about all the restaurants in the area and then evaluate and decide which one was the best for us. Many daily purchases are part of our daily routine. Imagine how many hours we would spend at a grocery store if we had to follow every step of the process.

On the other hand, if I´m searching for a new house, I will follow steps one through five several times, over and over again until I finally decide which house to buy.

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The Benesch Company expects sales in 2018 of 205,000 units of serving trays. Benesch's beginning inventory for 2018 is 18,000

ozzi

Answer:

214,000 trays

Explanation:

Budgeted sales in unit. 205,000

Add: targeted ending inventory 27,000

Total requirements. 232,000

Deduct: beginning inventory (18,000)

Budgeted units to be prod. 214,000

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2 years ago

Bank reconciliations are normally prepared on a monthly basis to identify adjustments needed in the depositor's records and to i

joja [24]

Answer:

Explanation:

The benefits of bank reconciliation is to detect errors such as double payments, missed payments, calculation errors etc.

Therefore they will be no need for adjustment to be recorded for bank errors, outstanding checks, and deposits in transit.

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3 years ago

Surveys of employers and recruiters continually rank written communication skills as a top skill set sought in applicants. why a

Vadim26 [7]

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3 years ago

Why is it important to conduct market research on your target audience before building your marketing plan?

Tcecarenko [31]

Conducting market research on your target audience before building a marketing plan allows you to understand your customers/clients and their needs. By completing a marketing plan that includes demographical research as well as spending and purchasing goals and plans, you can understand how to adjust each of the 4 Ps (Price, Place, Promotion, and Product) to create value for your customers and differentiate your product in the marketplace.

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3 years ago

The accountant for Eva's Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the

amm1812

Answer:

See the errors identified below.

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation of the answer is now given as follows:

The following errors can be identified in the accountant's adjusting entries:

1.The accountant debited the account receivable for $5,000 (i.e. $23,250 - $18,250 = $5,000) without crediting laundry revenue.

Therefore, we should have:

Correct amount of laundry revenue = Laundry revenue in trial balance + (Adjusted account receivable - Unadjusted account receivable) = $182,100 + ($23,250 - $18,250) = $187100

2. The accountant debited laundry suppliers expense instead of crediting laundry suppliers for $3,000.

3. The the accountant credited Prepaid insurance for $3,600 (i.e. $5,200 - $1,600 = $3,600). However, the insurance expense was debited for $600.

4. Instead of crediting accumulated depreciation, the laundry equipment for depreciation expense was erroneously credited by the accountant for $13,000.

5. A debit of $1,000 to wages expense was not made by the accountant.

<u>Additional Note:</u>

After correcting the errors identified above, the correct adjusted trial balance will look as the one in the attached photo.

5 0

3 years ago