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algol [13]
3 years ago
11

Robert and Maxine Thomason are planning to purchase a new refrigerator-freezer for their new home. They have compared the qualit

y, style, and price of four models. For the Thomasons, a refrigerator-freezer is a(n) _____ product.
A. specialty
B. generic
C. industrial
D. convenience
E. shopping
Business
1 answer:
DiKsa [7]3 years ago
6 0

Robert and Maxine Thomason are planning to purchase a new refrigerator-freezer for their new home. They have compared the quality, style, and price of four models. For the Thomasons, a refrigerator-freezer is a(n) <u>Shopping product (E)</u>

Explanation:

A shopping product is a product which involves a lot of research and comparison with the similar products of other brand.

A shopping product can be categorized into

  1. Homogeneous Product
  2. Heterogeneous Product

<u>Homogeneous Product are the products that share similar features,nature and the final purchase decision is based on the lowest price available in the market for that particular product</u>

<u />

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Answer:

what grade is this?

Explanation:

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5 0
3 years ago
Given the following information, calculate the going-in capitalization rate for the following apartment complex. In your calcula
BaLLatris [955]

Answer:

The correct option is b. 1.01%.

Explanation:

This can be calculated as follows:

Potential gross income = Number of apartment units * Monthly rent per unit = 15 * $3,000 = $45,000

Therefore, we have:

Details                                                                              Amount ($)

Potential gross income (PGI)                                              45,000

Vacancy and collection loss (10% of PGI)                        <u>  (4,500) </u>

Effective gross income (EGI)                                              40,500

Operating expenses: 5% of effective gross income        (2,025)

Capital expenditures (10% of effective gross income)    <u>  (4,050)  </u>

Net operating income                                                      <u>  34,425 </u>

Acquisition price = 3,420,000

Going-in capitalization rate = Net operating income / Acquisition price = $34,425 / $3,420,000 = 0.0101, or 1.01%

Therefore, the correct option is b. 1.01%.

5 0
3 years ago
When the interest rate on a bond is above the equilibrium interest rate, there is excess __________ in the bond market and the i
Kruka [31]
"... there is excess supply of bonds... interest rate will fall."
When the interest rate is above equilibrium, Qd (Quantity demanded) will be less than Qs (Quantity supplied) of bonds, since people are less willing to purchase when price is too high, and producers are more willing to sell their bonds when price is higher (since they earn more per unit sold). This results in surplus of bonds in the market, where Qs > Qd, which leads to a downward pressure being applied on price (in this case, the interest rate) so that Qs eventually equals to Qd.

Hope this helps!
4 0
3 years ago
The demand for grape-flavored Hubba Bubba bubble gum is likely a. inelastic because there are many close substitutes for grape-f
PolarNik [594]

Answer:

b.

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3 0
3 years ago
On July 1, 2011, Hale Kennels sells equipment for $66,000. The equipment was originally purchased on July 1, 2007 at a cost $180
topjm [15]

Answer:

Accumulated Depreciation As of December 31, 2010  = $105,000

Explanation:

<em>Under the straight line method of depreciation, the cost of an asset less the salvage value is spread equally over the expected useful life.</em>

<em>Annual depreciation:</em>

= (cost of assets - salvage value)/ 5 years

= (180,000 -30,000)/5

=.$30,000

<em>From July 1 2007  to December 31 2010 = 3 years 6 months = 42 months</em>

So total accumulated depreciation at the end of 3 years 6 months :

=  ( 30,000/12) ×  42

= $105,000

Accumulated Depreciation As of December 31, 2010 = = $105,000

4 0
4 years ago
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