Given that <span>Tracy
enters a car dealership interested in buying a new car. Immediately she
is greeted by a salesman offering her water or soda and a cookie.
The
salesman is likely relying on the reciprocity social norm to help persuade tracy to
buy a car.
</span>R<span>eciprocity is a social norm of responding to a positive action with another positive action, rewarding kind actions.</span>
Answer:
a) Permanent source of finance
b) Spontaneous source of finance
c) Permanent source of finance
Explanation:
With transaction b), The credit is for day to day operations making it a spontaneous funding but credit usually do not take more than 90 days to pay therefore temporal can also fit in nonetheless Spontaneous is more appropriate as the credit is a spontaneous source of funding.
Answer: low: higher
Explanation:
<em>A buyer always wants to pay a price that is as </em><em><u>low</u></em><em> as possible, but never </em><em><u>higher</u></em><em> than the buyer's willingness to pay.</em>
As a way to save costs, a buyer will always seek to pay the lowest price they can possibly pay for a good or service. This is why some buyers negotiate prices and seek trade discounts.
Buyers will however have in mind a maximum price that they would be willing to pay. This is called their willingness to pay and it is a threshold that they would not want to exceed. If a good's price is higher than their willingness to pay, they will not buy the good.
Answer:
$20,857.24
Explanation:
This is an ordinary annuity question which can be solved using a financial calculator. The inputs are as follows;
Total duration of investment; N = 5
Interest rate per year; I/Y = 6%
Recurring annual payment; PMT = 3,700
One time cashflow; PV = 0
then compute the future value of the annuity; CPT FV = 20,857.244
Therefore, Jan will have $20,857.24 as down payment in 5 years.
