1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mice21 [21]
3 years ago
12

A shopper infers that a product must be of high quality because the manufacturer has been in business a long time. Which heurist

ic is this an example of
Business
1 answer:
Rzqust [24]3 years ago
6 0

Answer:

The Compromise effect

Explanation:

Heuristic is a  modelling that explains the two fundamental ways of processing information while making up an opinion.

Data and information can be processed diligently in order to form an opinion which is a more accurate way than the other type known as heuristics .This explains that opinions can also be formed based on just a mere perception of issues or based on the opinion of other people or experts , which in most cases may not give a true representation of the situation at hand.

However , it forms a part of human daily activities and can also be useful in forming the required opinions in the course of daily activities.

One of the effect as seen in the question is bias attitudes or the compromise effect.

You might be interested in
Astro Co. sold 20,500 units of its only product and incurred a $67,750 loss (ignoring taxes) for the current year as shown here.
maksim [4K]

Answer:

Break even point in dollar sales = $1,050,000

Explanation:

Break Even Point in dollar sales = Fixed Cost/ Contribution margin percentage

Contribution margin percentage = (Contribution margin/ Sales) X 100

Here we have for the year 2017

Contribution margin = $194,750

Sales = $779,000

Contribution margin percentage = ($194,750/$779,000) X 100 = 25%

Break even point in dollar sales = Fixed Cost $262,500/25%

= $1,050,000

3 0
3 years ago
Brown Corp., a calendar-year taxpayer, was organized and actively began operations on July 1, 2013, and incurred the following c
PolarNik [594]

Answer:

The amount of amortized organizational expenses for the year 2013 would be $6,333 ( approximately )

Explanation:

First of all the important point here to note is that while calculating the amortized organizational cost we only include the legal fee for drafting the corporate charter and not the commission paid to underwriter or cost incurred while selling the stock.

In the legal fee for corporate charter too there are limitations , as only $50,000 are allowed as total expenditure to be amortized over a period of 15 years or 180 months. Where for the first year the limitation allowed is $5000 and rest of the amount would be amortized over 180 months.

So $45,000 - $5000 = $40,000

$40000 / 180 = $222.22

Now multiplying this by 6 months as the operations of company began on 1 July , 2013,

$222.22 x 6 = $1333.32

Now adding this amount to $5000 will give us the total amortized organizational expense,

$5000 + $1333.32 = $6,333.32

= $6,333 ( approximately )

7 0
3 years ago
The price of a complementary good changes. __________ Demand shifts Movement along demand Incomes in the economy​ change; the go
ad-work [718]

NOTE: Your question isn't clear, Johnson. Would you mind checking it and writing it in a way you can be better helped?

Meanwhile, I hope these explanation below helps.

Answer and Explanation:

Two goods are said to be complementary goods if an increase in the price of a particular one leads to a commensurate decrease in the demand that buyers placed for the other one.

A good is said to be a normal good if the reason for an increase in demand is due to an increase in the income of the buyers.

A good is said to be an inferior good if there is a decrease in demand even though the buyers have experienced increase in their income.

4 0
3 years ago
A person borrows ​$150 that he must repay in a lump sum no more than 8 years from now. The interest rate is 9.9​% annually compo
SashulF [63]

Answer:

a. $181.17

b. $218.82

c. $319.21

Explanation:

If the borrower repays the loan after 2 ​year

PV = $150

n = 2

r =  9.9​%

P/yr = 1

Pmt = $0

FV = ?

Using a financial calculator, FV = $181.1702

The amount that will be due if the borrower repays the loan after 2 ​year is $181.17.

If the borrower repays the loan after 4 ​years

PV = $150

n = 4

r =  9.9​%

P/yr = 1

Pmt = $0

FV = ?

Using a financial calculator, FV = $218.8175

The amount that will be due if the borrower repays the loan after 2 ​year is $218.82.

If the borrower repays the loan after 8 ​years

PV = $150

n = 8

r =  9.9​%

P/yr = 1

Pmt = $0

FV = ?

Using a financial calculator, FV = $319.2073

The amount that will be due if the borrower repays the loan after 2 ​year is $319.21.

4 0
3 years ago
The Dante Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated below. T
evablogger [386]

Answer:

a) incremental net income

net income year 1 = ($16,500 - $3,500 - $8,000) x 0.65 = $3,250

net income year 2 = ($17,000 - $3,600 - $8,000) x 0.65 = $3,510

net income year 3 = ($17,500 - $3,700 - $8,000) x 0.65 = $3,770

net income year 4 = ($14,500 - $2,900 - $8,000) x 0.65 =$1,340

b) incremental net cash flow

cash flow year 1 = [($16,500 - $3,500 - $8,000) x 0.65] + $8,000 - $430 = $10,820

cash flow year 2 = [($17,000 - $3,600 - $8,000) x 0.65] + $8,000 - $480 = $11,030

cash flow year 3 = [($17,500 - $3,700 - $8,000) x 0.65] + $8,000 - $380 = $11,390

cash flow year 4 = [($14,500 - $2,900 - $8,000) x 0.65] + $8,000 + $1,670 = $12,010

c) project's NPV

NPV = -$32,380 + $10,820/1.13 + $11,030/1.13² + $11,390/1.13³ + $12,010/1.13⁴ = $1,093.13

4 0
3 years ago
Other questions:
  • Veronica owns a home, and when her children went to college, she was looking for a way to help finance their education. She went
    14·2 answers
  • Two factory plants are making tv panels. yesterday, plant a produced 12,000 panels. two percent of the panels from plant a and 5
    7·1 answer
  • Researchers often wish to measure consumers' satisfaction toward certain products and might ask consumers to specify their feeli
    10·1 answer
  • A credit score is based in part on
    14·2 answers
  • Ajax Inc. is one of the customers of a well-known linenmanufacturing company. Ajax has not ordered linen in some time, but when
    14·1 answer
  • The financial planning life cycle divides an individual's life into three stages. In stage 2, the focus of individual financial
    13·1 answer
  • Hines Cosmetic Co. sold beauty preparations nationally to beauty shops at a standard or fixed- price schedule. Some of the shops
    6·1 answer
  • The failure to properly record an adjusting entry to accrue an expense will result in an:
    15·1 answer
  • After Josh bought his first pair of Nike basketball shoes he was pleased that he did. He likes how the shoes provide support and
    8·1 answer
  • A common-sized income statement, each item is expressed as a percentage of net income. true false
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!