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Keith_Richards [23]
2 years ago
12

A restaurant sells three wines at $30, $40, and $50 per bottle. When it adds another wine to the list at a price of $22, the sal

es of the $30 wine increase by 50%. This is an example of (A) a context effect; (B) risk aversion; (C) self-control problems; (D) randomization.
Business
1 answer:
valentinak56 [21]2 years ago
5 0

Answer:

Option (A) A context effect

Explanation:

A context effect is a psychological effect in which the choices are influenced by the surrounding environmental conditions.

Here in the given question the addition of $22 wine bottled in the list influenced the customers perception as they may have started to feel that $30 is better and economic option and its price is near to the cheapest wine.

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Delta Company purchased a delivery truck for a total cost of $15,000. Delta paid $2,000 in cash and signed a note payable for th
kupik [55]

Answer:

increase assets by $13,000, increase liabilities by $13,000 and have no effect on equity.

Explanation:

Given that

The total cost of purchase of delivery truck = $15,000

Cash paid = $2,000

The accounting equation equals to

Total assets = Total liabilities + owners equity

The remaining amount left would be equal to

= $15,000 - $2,000

= $13,000

So it would increase the assets for $13,000 as the delivery truck is purchased plus there is also an increase in liabilities for $13,000 as it signed a note payable and there is no effect on equity

8 0
3 years ago
has a margin of safety percentage of 20% based on its actual sales. The break-even point is $759000 and the variable expenses ar
lora16 [44]

Answer:  $379,500

Explanation:

Total Sales = <em>Break-even sales + Margin of Safety </em>

The Break-Even sales are therefore = 100% - 20%

= 80% of sales

Total Sales is therefore;

Break-even =   80% * Total Sales

Total Sales = Break-even/80%

= 759,000/0.8

= $948,750

Assuming no fixed costs, actual profit will be Sales less Variable expenses;

=Sales - Variable expenses  

= 1 - 60%

Actual profit = 40% * Sales

= 40% * 948,750

= $379,500

4 0
3 years ago
Which refers to business practices that are deliberately misleading?
Ber [7]

Answer:

Fraud is the correct answer.

Explanation:

5 0
2 years ago
Read 2 more answers
Alpha Division had the following information: Average operating asset base in Alpha Division $500,000 Operating income in Alpha
Eddi Din [679]

Answer:

15.79%

Explanation:

Current Average operating asset = $500,000

Decrease in asset base will make average operating asset $380,000 [500000 - 120000]

ROI = Operating Income / New operating asset base

=$60,000 / $380,000

= 15.78947...% = 15.79%

Hence, the correct answer is 15.79%

4 0
3 years ago
After trying out different brands of toothbrushes, Martin has decided that he prefers Oral B the most. Whenever he is out grocer
fenix001 [56]

Answer:

To Martin Oral b toothbrushes are shopping offerings.

Explanation:

First of all offerings are nothing but the goods and services which are designed by firms in such a way that they deliver values to the consumers.

Shopping offerings are that type of offerings for which a consumer ( like Martin in this case ) would make an effort to do comparison between certain products of two different brands , to see which one is right for him ( like in this case oral b is for Martin ) and that too at the right price.

5 0
2 years ago
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