The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires is known as Consumer Behavior.
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Explanation</u>
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The process that deals with the study of how the individuals and the organisations selects, purchases and uses and disposes the goods and services is the consumer behavior. These are done for the satisfaction of their wants and needs. The main thing that is associated with the consumer behavior is the motivation and psychology of the purchasing person.
It deals with the activities of the consumers in purchasing a particular product or services and the motivations that is responsible for that selection of the product. The consumer behaviors can be classified as habitual buying,complex buying variety-seeking buying and dissonance-reducing buying.
Product Y: would increase the company's overall net operating income by $2,000 if processed further and then sold.
Option 4 is correct
<u>Solution:</u>
Particulars Amount
Incremental income ( $68,000-$50,000) $18,000
Less: Incremental cost $16,000
______________________________________________
Incremental Income $2,000
Answer:
Option B ⇒ The annual interest rate on Note A is 9.35% .
Explanation:
Note B has an accrued interest for six months during 2013: $220,000 x .08 x 6/12 = $8,800.
The remainder of the accrued interest, $7,200 ($16,000 - $8,800) was from Note A, which was held for seven months in 2013.
Therefore, we have the following: $132,000 x annual interest rate x 7/12 = $7,200.
Thus, the annual interest rate on Note A would be ($7,200/132,000) x 12/7 = 9.35%.
Option B ⇒ 9.35% is the correct answer.
Answer:
Given that,
Note face value = $12,000
Interest rate = 7%
Time period = 90 days
Interest amount:
= Face value × Interest rate × Time period
= $12,000 × 0.07 × (90/360)
= $210
Therefore, the journal entry is as follows:
On October 30,
Interest receivables A/c Dr. $210
To Interest revenue $210
(To record the interest value on note)
<span>Business/Financial manager </span>assumes responsibility for monitoring how the contractor is doing in terms of cost, schedule, and technical performance
Before a company start its operation for the year, the executives of that company will determine the budget that seem appropriate for all fo the operations.
The duty of business/financial manager is to make sure that the cost of operations do not exceed that pre-determined budget
