The actual purchase price, the term of the loan/monthly payment, and the dealer fees
Laura has a nearly new economy car, but she wants a Ford Mustang because she thinks it would be exciting to own one. If she decides to purchase a sports car such as the Mustang, she will be primarily fulfilling a PSYCHOLOGICAL need.
Explanation:
- Psychological needs can be defined as a psychological condition in which something is required or wanted.
- According to Self-determination theory, human beings have three basic psychological needs: a need for autonomy, competence, and relatedness. Cross-cultural research has shown that need satisfaction is necessary for all people's healthy development, engagement, motivation, and well-being.
- Need satisfaction is even related to greater work performance, less perceived stress, and fewer turnover intentions. Also, when the needs are not satisfied, there will be negative psychological consequences.
- The three basic psychological needs are present and need to be satisfied at all levels of human functioning: at the specific-task level (a given job task), at the domain level (work or family), and at the global level (personality).
Answer:
$12,000 for 2013 and $300,000 for 2018
Explanation:
Jamison Enterprises acquired a franchise to operate a Good Burger Joint in January, 2013. The cost of the franchise was $360,000 and was estimated to have a limited life of 30 years.
Hence the yearly franchise cost at this point is 360,00 / 30 years = $12,000
Early in the year 2018, the franchise was forced out of business due to lawsuits.
At this point the company had only operated for 5 years and have incurred franchise cost to date of 5 years x $12,000 = $60,000
Jamison should record $300,000 ($360,000 - $60,000 to date) balance of the franchise cost in its expenses to their income statement for the years 2018
Network seems the most likely answer.