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pogonyaev
3 years ago
7

Skylar is the owner of Pirate Pizza Bus, a popular food truck. The food truck was so successful that she decided to open a brick

-and-mortar location several years ago. While the truck continues to earn a good profit, the physical restaurant has been performing poorly. She has continued to invest a lot of energy and money into trying to make the restaurant profitable, but nothing is working. Current projections show that the restaurant will continue to lose money, but she decided to go ahead and invest a large sum of money into more advertising for it. Skylar is demonstrating which bias?
Business
1 answer:
Soloha48 [4]3 years ago
3 0

Answer:

Commitment bias

Explanation:

Commitment bias refers to keep doing something because that is what you have always done, or because that is what you have said before that you wanted to do. This means that you are so committed to an idea, that you cannot realize that it is probably not a very good idea.

In this case, Skylar is so committed to making her brick and mortar restaurant work, that she cannot understand that it probably will never do.

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3 years ago
A farmer and a meatpacker use the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fixed
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Answer:

A farmer is the one that owns the cattle and is ready to sell it on the market demand, while the meatpacker is the one who buys the product and sells it in different parts to the end consumers.

Since they both are using the commodity market to reduce the risk, the farmer will be the one who agrees to sell the cattle in the future at a fixed rate, while the meatpacker will be the one who agrees to buy the cattle in the future at a specified price fixed by him.

Hope this helps. ThankYou.

3 0
3 years ago
Which of the following set the first minimum wage? The Taft-Hartley Act of 1947 The AFL-CIO The Norris-LaGuardia Act of 1932 The
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Explanation:

6 0
3 years ago
Jing Company was started on January 1, Year 1 when it issued common stock for $28,000 cash. Also, on January 1, Year 1 the compa
denpristay [2]

Answer:

5,280 net income for the Year 3

Explanation:

This would be the situation:

17,400 revenue

11,000 expenses

gain/loss on sale of equipment

= net income year 3

To know the result of the sale of equipment we have to do

sales price - book value = gain/loss on sale of equipment

8900         -  book value   = gain/loss

We have to determinate the book value.

book value = adquisition cost - acumulated depreciation

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and depreciation per year is:

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Here we have all the values, so we stop digging and start solving.

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net income = 17,400 - 11,000 - 1,120 = 5,280 net income for the Year 3

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