People do have preference. Routine response behavior is the marketing term for this type of consumer behavior.
<h3>What is consumer behavior?</h3>
Consumer behavior is known to be the study of how people, customers, groups, etc., often select, buy, or use goods, and services to answer to their needs and wants.
Routine Response is also known as Programmed Behavior. Here one is buying low cost items and as such one do not need much search and decision effort.
Learn more about consumer behavior from
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Answer:
Inventory turnover in days = 43.59 days
Inventory turnover (No of times)= 8.37 times
Explanation:
<em>Inventory turnover days is the average length of time it takes a business to sell its inventory before replacement.</em>
Inventory turnover in days
= Average inventory /Cost of goods sold × 365 days
<em>Average inventory = (Opening Inventory + closing inventory)/2</em>
<em>Average inventory </em>
= (21,000 + 22,000)/2
= 21,500
<em>Inventory turnover in days</em>
(21,500/180,600) × 365 days
=43.597 days
Inventory turnover (No of times )
= Cost of goods sold/Average inventory
= 180,600/21,500
= 8.37 times
Answer:
The answer is stated below:
Explanation:
The accounting equation is as follows:
Assets = Liabilities + Stockholders' Equity
Analyzing the transactions:
1. The service is provided to customer on account, which result in increase in assets and the stockholders' equity
So,
Assets = Liabilities + Stockholders' equity
+ $4,000 = $0 + +$4,000
2. The equipment is purchased by signing a note, which result in increase in liability and also increase in the assets.
So,
Assets = Liabilities + Stockholders' equity
+ $10,500 = +$10,500 + $0
3. Paid for the advertising, which result in decrease in cash as well as decrease in the equity of the company.
So,
Assets = Liabilities + Stockholders' equity
- $1,200 = $0 + -$1,200
Answer:
a) salary $112,000
Interest income $2,200
Capital gain on stock -
gross income $114,200
capital gains and losses
capital gain 10,500
capital loss 15,300
Net capital loss = 4800
net loss offset on Gross income = 3000
Net Gross income $111,200
capital loss that is carried forward = $1800
b) salary $112,000
Interest income $2,200
Capital gain on stock -
gross income $114,200
CAPITAL LOSSES/GAINS
capital gain 16000
capital loss 15300
Net Capital gain = 700
ADD taxable capital gains on Gross income
c) salary $112,000
Interest income $2,200
gross income $114,200
capital losses/ gains
capital loss 15300
capital loss 17000
Total Capital LOSS = $ 32300
Set off against income = (3000)
Losses carried forward =$29300
Explanation:
Capital losses can be offset on normal Gross income but only up to $3000 per year
