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dexar [7]
3 years ago
12

One of the core problems that created the financial meltdown of 2008 was that large loans were made to individuals who could not

repay them, and the finance companies purchased these bad debts without realizing how poor the prospects of repayment were. Which of the following decision-making errors was made by the lenders and borrowers?
A) hindsight bias
B) availability bias
C) overconfidence bias
D) confirmation bias
E) anchoring bias
Business
2 answers:
Mnenie [13.5K]3 years ago
8 0

Answer:

d. confirmation bias

Explanation:

Confirmation bias -

It is a type of cognitive bias , where some prior data or information is used to confirm some belief or information , is referred to as confirmation bias .

In simple words ,

It is a type of information which helps to confirm some recent thoughts or beliefs .

Hence , from the given scenario of the question ,

The correct answer is d. confirmation bias .

FromTheMoon [43]3 years ago
5 0

Answer:

The correct answer is letter "D": confirmation bias.

Explanation:

Confirmation bias is a cognitive process in which individuals tend to favor input to confirm certain beliefs or biases they already had. The term relates to behavioral finance at the time of recognizing subjective and poor decision-making.

<em>This happens when investors are too optimistic about certain instruments, so they look for information that can ensure that their position on the instrument is correct and dismiss any input that might indicate the opposite, even if it is true.</em>

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A firm sells two products, Regular and Ultra. For every unit of Regular the firm sells, two units of Ultra are sold. The firm's
sladkih [1.3K]

Answer:

regular - 32,000

ultra - 64,000

Explanation:

Please find the remaining part of this question in the attached image

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Contribution margin :

Regular = 22 - 8 = 14

Ultra = 25 - 8 = 17

weighted contribution margin = (1/3 x 14) + (2/3 x 17) = 16

Firms breakeven =  $1,536,000 / $16 = 96,000

Regular's breakeven = 1/3 x 96,000 = 32,000

Ultra's breakeven = 2/3 x 96,000 = 64,000

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3 years ago
Candle in the Wind is a store for people who enjoy and collect candles to decorate their homes. Last year, its net sales totaled
melisa1 [442]

Answer:

$15,700

Explanation:

The computation of the net profit after taxes is shown below:

Sales revenue                                    $125,000

Less: Cost of goods sold -                -$42,300

Gross profit                                         $82,700

Less: Operating expenses

One time part assistant       $52,000  

Administrative expenses     $400

Utilities expenses                 $900

Total operating expenses                 -$53,300

Net Profit before tax                          $29,400

Less: income tax expense                -$13,700

Net profit after tax                             $15,700

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Rent payments that are processed through a third-party network after March 11, 2021, should be reported to the taxpayer on:
pogonyaev

After March 11, 2021, such rent payments as described above should be reported on <u>Form 1099-MISC,</u><u> Miscellaneous </u><u>Information</u><u>.</u>

The subject of rent payments made through third party networks is covered under the American Rescue Plan Act which:

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