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Marianna [84]
4 years ago
11

John has very little knowledge of cheese and seldom buys it for personal use. However, when he is invited to dinner by a friend,

a self-confessed cheese lover, John feels obligated to buy cheese for him. When he returns home after dinner, John finds that the "Stilton cheese" he randomly chose and bought is displayed on the calendar in his kitchen. Which of the following is most likely to account for John’s choice of cheese?a. Mere exposure effectb. Just meaningful differencec. Selective distortiond. Selective exposure
Business
1 answer:
Zolol [24]4 years ago
7 0

Answer:

a. Mere exposure effect.

Explanation:

The option that is most likely to account for John’s choice of cheese is the <em>mere-exposure effect</em>. In customers' behavior, the mere-exposure effect refers to the fact that people will most likely choose a product to which they have been previously exposed than select a product to which they have not been exposed at all. The calendar in John's kitchen made him select the cheese to which he had been exposed.

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Werner Inc. sells its products with a 2-year warranty. On December 31, 2017, Werner recognized estimated warranty-related costs
hoa [83]

Answer:

A DEBIT to Estimated warranty liability

Explanation:

Based on the information given we were told that the company recognized an estimated warranty of the amount of $54,000 for its 2017 sales in which the year 2018 the company also repair costs of the amount of $21,000 which is related to products sold during the year 2017 which means that The journal entry to record the cost of repairs would include a debit to ESTIMATED WARRANTY LIABILITY .

6 0
3 years ago
Constable Co. reported the following information at December 31, Year 1:
zhenek [66]

Answer:

The amount of Current liabilities is $7,710

Explanation:

The amount of current liabilities on the classified balance sheet is seen below;

Constable Corp.

Balance sheet as at December 31, year 1.

Current liabilities

Accounts payable $4,540

Wages payable $3,170

Total $7,710

5 0
3 years ago
What inventory management procedure helps a firm to control inventory costs?.
lyudmila [28]

Just-in-time (JIT) inventory management is the procedure which helps a firm to control inventory costs.

<h3>What is Inventory?</h3>

These are the goods and services which a company hold for the purpose of resale or production.

Just-in-time (JIT) inventory management helps companies to control inventory costs because raw materials are supplied according to production schedule thereby reducing risks such as dead stock etc.

Read more about Inventory here brainly.com/question/24868116

6 0
3 years ago
Read 2 more answers
The transactions listed below are typical of those involving New Books Inc. and Readers’ Corner. New Books is a wholesale mercha
ArbitrLikvidat [17]

Answer:

(A) Inventory increases by 595,000

(B) Inventory decreases by 14,500

(C) no effect

Inventory balance: 595,000 - 14,500 = 580,500

Explanation:

<u>We are asked for Readers' Corner</u>

(A) Reades purchase at 595,000 so we use this value. Reader has no informaiton about the cost of New Books.

(B) there is an allowance for 14,500 the inventory account will decrease immediately as it works with perpetual invnetory method

(C) no effect. The payment do not alter the invnetory valuation.

5 0
4 years ago
3. When Blackstone investment company borrowed funds to buy out the stockholders of Busch Entertainment, it was participating in
nika2105 [10]

Answer: c. Leveraged Buyout

Explanation:

A Leveraged buyout as the term suggests, is when a buyout is sponsored mainly by the use of debt. In Business Leveraged Buyouts usually occur when either the management, employees or private investors buys out or attempts to buy out the Shareholders of a company by using debt funding so that they can then own the company. The debt is acquired by using both assets of the company being bought and that of the company buying (unless they do not have any) as collateral.  

When Blackstone investment company borrowed funds to buy out the stockholders of Busch Entertainment, it was participating in a Leveraged Buyout.

7 0
3 years ago
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