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Tatiana [17]
3 years ago
11

George believes that Lillian is arrogant, because she is part of the LGP group. Because other members of the LGP group that Geor

ge has met are arrogant, he believes that Lillian must be too. This is an example of:_________
Business
1 answer:
slava [35]3 years ago
5 0

Answer:

The correct answer is: The fallacy of composition.

Explanation:

The fallacy of composition refers to the usually mistaken idea that an individual has in which because a component of a whole is a certain way, the whole is that very certain way, too. The fallacy of composition is a simplified, subjective generalization that individuals come up with where there is not enough proof that the statement being provided is real.

Thus, <em>as George believes Lillian is arrogant because she is part of the LGP groups and George has met previous LGP members who are arrogant, he is assuming all LGP members are arrogant. George has fallen into the composition fallacy.</em>

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Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products on the bas
rewona [7]

Answer:

We will only produce further product Y and Z

Explanation:

We should check the increase in sales revenue with the increase in cost to know if further process acheive a gain:

<u>Product X</u>

Increase in sales value:

348,000 - 340,000 =  8,000

Additional Cost:     <u>   (38,000)  </u>

difference:                 (30,000) Non-profitable

<u>Product Y</u>

Increase in sales revenue:

185,000 - 150,000 =  35,000

additional cost:      <u>   (30,000)  </u>

difference:                   5,000 Profitable

<u>Product Z</u>

Increase in sales revenue:

147,000 - 110,000 =   37,000

additional cost:    <u>    (22,000)   </u>

difference:                 15,000 Profitable

3 0
3 years ago
Start by clearly defining your topic with a thesis statement.
SIZIF [17.4K]

Answer: When viewed and analyzed together, economic indicators and market indexes can provide a clear picture of economic growth.

Explanation:

Edg.

4 0
2 years ago
Read 2 more answers
If the sales volume decreases by 25%, the variable cost per unit increases by 15%, and all other factors remain the same, net op
9966 [12]

Answer: decrease by $31,875

Explanation:

Net Operating income;

= Sales - variable cost - fixed cost

= (70 * 3,000) - ( 50 * 3,000) - 25,000

= $35,000

Sales volume decreases by 25%;

= 3,000 * ( 1 - 25%)

= 2,250 units

Variable cost per unit increases by 15%;

= 50 * ( 1 + 15%)

= $57.50

New Net Operating income;

= (70 * 2,250) - (57.50 * 2,250) - 25,000

= $3,125

Net Operating income change;

=  3,125 - 35,000

= -$31,875

Decrease by $31,875

6 0
2 years ago
Greenwell Farm Equipment sells a tractor to Farmer for $130,000 on January​ 1, 2019. The tractor is delivered that day. Greenwel
agasfer [191]

Answer:

Present value of interest is $5,062 and future value is $5,796        

Explanation:

The formula for finding the Present value of the interest reported as revenue is calculated as under:

Present Value of $40,000 receivable in 2 years = $40,000 / (1+7%)^2

Present Value of $40,000 receivable in 2 years = $34,938

The difference of the future value receivable and present value of the future amount receivable is the interest's present value which is given as under:

Interest Present value = $40,000 - $34,938 = $5,062

Using the compounding formula, the future value of the interest that will be recorded in the financial statement will be = $5,062 * (1 + 7%)^2 years

Future value of interest = $5796

7 0
3 years ago
An investor buys 100 shares of walmart at $45 per share on margin with an initial margin of 70% and a maintenance margin of 25%.
lana [24]
6250 + 56 = 6250 price
6 0
2 years ago
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