General Mills sold three
sizes of cereal cheerios at $2.99, $3.99, and $4.49 each. Selling
tactic used by the company is psychology pricing. General Mills used this
technique to
encourage customers to respond on emotional levels rather than logical ones.
<span>Setting
the price of the cereal at $2.99 is proven to attract more consumers than setting
it at $3.00, even though the difference is only $.01. Consumers are said to put
more attention on the first number on a price tag than the last. </span>
Answer:
Total amount at the end of 4 years = $135.16
Explanation:
A simple interest account pays interest on only the sum deposited at an annual rate for a specified period of time without compounding or adding the interest earned in a particular period in the calculation of interest earning for the next period. Thus, if 1000 is invested and interest s earned at 10% then the interest earned will remain constant for every period the money is still deposited in the account.
The formula to calculate interest under simple interest method is,
Interest = Principal * Annual Rate * Time in years
Total Interest earned = 109 * 6% * 4
Total interest earned = 26.16
Total amount at the end of 4 years = Principal + Interest
Total amount at the end of 4 years = 109 + 26.16
Total amount at the end of 4 years = $135.16
N=log((1−14,880×0.0106÷660)^(−1))÷log(1+0.0106)=25.9 months
abc should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.
<h3>Liability</h3>
The liability will appear in the balance sheet as:
Current liability (Payable)= $1 million
Long term liability=$5 million-$1 million
Long term liability=$4 million
Therefore abc should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.
Learn more about liability here:brainly.com/question/24534918
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Answer:
a. Merrick System
Explanation:
Merrick System does not provide for incentives based on standards that are expressed in terms of time period per unit of production
