1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olganol [36]
4 years ago
9

A consumer will use one of three general problem-solving variations, extended, limited, or routine, based on product knowledge a

nd
Business
1 answer:
Rashid [163]4 years ago
5 0

Answer: level of involvement

Explanation:

It should be noted that when people want to purchase a product, they usually look for information themselves or probably seek informations from those close to them such as friends and family.

It should be noted that a consumer will use one of three general problem-solving variations, extended, limited, or routine, based on product knowledge and level of involvement.

You might be interested in
Michek Company loans Sarasota Company $2,000,000 at 6% for 3 years on January 1, 2020. Michek intends to hold this loan to matur
nevsk [136]

Michek Company's Journal Entries related to loans to Sarasota Company are as follows:

a) Journal Entries without using fair value option:

December 31, 2020:

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

  • To record the 6% interest due on January 1.

December 31, 2022:

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

  • To record the 6% interest due on January 1.

b) Journal Entries with fair value option

December 31, 2020:

Debit Loan Receivable $50,000

Credit Unrealized Gain from Fair Value $50,000

  • To record the fair value of the loan.

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

  • To record the 6% interest due on January 1.

December 31, 2022:

Debit Unrealized Loss from Fair Value $20,000

Credit Loan Receivable $20,000

  • To record the fair value of the loan.

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

  • To record the 6% interest due on January 1.

Data and Calculations:

January 1, 2020, amount of loan = $2,000,000

Interest rate = 6%

Period of loan = 3 years

December 31,                   2020           2021           2022

Fair value of loan   $2,050,000   2,020,000   2,000,000

Interest income         $120,000     $120,000     $120,000 ($2,000,000 x 6%)

Payment of interest = January 1

December 31, 2021:

Debit Unrealized Loss from Fair Value $30,000

Credit Loan Receivable $30,000

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

Thus, the Loan Receivable account's balance at December 31 each year varies only when using the fair value option.

Learn more: brainly.com/question/13212872

4 0
2 years ago
Trader's Paradise Trader's Paradise is a global merchant that sells a variety of products. The company operates in forty-eight d
alexira [117]

Answer:

c

d

Explanation:

5 0
3 years ago
Take a critical and analytical (objective) look at your life. Think about your wants and needs. In two separate columns, list yo
slega [8]

Answer:

Food is need but having fast food from expensive restaurants is want.

Car is considered as a luxury its is a want, travelling from bus is a need.

Having small studio apartment to live is need but buying expensive villa is want.

Buying new clothes is need when old clothes are torn.

Shopping from grocery stores is need, shopping from malls is want.

buying branded shoes is want but having normal shoes are need.

Explanation:

These is difference between human needs and wants. A person may want so many luxuries in life but actually he can survive without buying it. Needs are the things without which survival of a person is risk.

4 0
3 years ago
Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $50 million in liabil
kiruha [24]

Answer:

B. $9

Explanation:

Assets value = $500 million

Liability value = $50 million

Use following formula to calculate NAV

Net Assets value = Assets value - Liability value

Net Assets value = $500 million - 50 million

Net Assets value = $450 million

Net Assets value = $450 million / 50 million

Net Assets value = $9 per share

So, the correct option is B. $9.

6 0
4 years ago
If interest rate change, do we shift the investment demand curve or move along the curve. Explain why
serg [7]

Answer:

When interest rate changes, it will cause a movement along the investment demand curve.

Explanation:

This is because the relation between interest rate and investment is similar to that between product and price (interest rate is price to purchase investment). The quantity of investment demanded is negatively related to the value of interest rate in the market. When the interest rate increases (price increases), the demanded quantity of investment decreases as they have to pay more for investment.

8 0
3 years ago
Other questions:
  • Blacken Company manufactures motorcycles. The company's management accountant wants to calculate the fixed and variable costs as
    5·1 answer
  • Thomas purchased 2,500 shares of EKK stock for $135,000 one year ago. The stock pays annual dividends of S.30 a share. Today, Th
    15·1 answer
  • Consumption expenditures: a. Account for over two-thirds of total spending. b. Include purchases of new and used goods by consum
    5·1 answer
  • Goods are typically tangible while ____ are typically intangible
    5·1 answer
  • Kingston Development Corp. purchased a piece of property for $2.79 million. The firm paid a down payment of 15 percent in cash a
    6·1 answer
  • Family, religion, education, and health care are all considered _____.
    6·1 answer
  • Rabia doesn’t currently have a job but declined a job offer because she feels her job skills Merritt better pay and a better pos
    5·1 answer
  • Mattel, the maker of barbie dolls, frequently shows television ads aimed at children on saturday mornings, when many children ar
    8·1 answer
  • Paula earns $40,000 per year and rides her bicycle to work. There is a 1% chance that she will break her leg in the next year an
    5·1 answer
  • The optimal capital structure is the one where the percentages of debt, preferred stock, and common equity minimize the firm's v
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!