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fomenos
4 years ago
11

Gottahave is a cereal brand. The company used to feature its mascot, an animated giraffe, in its TV commercials, to attract view

ers' attention. Initially, viewers would watch the commercial. However, after they had been exposed to the commercial many times, they began to expect the appearance of the giraffe and tended to tune out the commercial. The consumers' response to this overexposure is an example of _____.
Business
1 answer:
egoroff_w [7]4 years ago
4 0

Answer:

Gottahave is a cereal brand. The company used to feature its mascot, an animated giraffe, in its TV commercials, to attract viewers' attention. Initially, viewers would watch the commercial. However, after they had been exposed to the commercial many times, they began to expect the appearance of the giraffe and tended to tune out the commercial. The consumers' response to this overexposure is an example of <u>habituation</u>.

Explanation:

Habituation is a diminishing in response to a stimulus after repeated presentations. For example, a new sound in your environment, such as a new ringtone, may initially draw your attention or even become distracting but after some time it might not draw your attention. This diminished response is habituation.

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Reineke Company's chart of accounts includes the following selected accounts.
Bogdan [553]

Answer:

Reineke Company

Journal Entries:

Oct. 1 Debit 120 Inventory $310

Credit 101 Cash $310

To record the purchase of merchandise via check no. 63

Oct. 3 Debit 157 Equipment, $840

Credit 101 Cash $840

To record the purchase of equipment via check no. 64

Oct. 5 Debit 201 Accounts payable (Uggla Company) $2,500

Credit Cash $2,450

Credit Cash Discounts $50

To record payment on account, less 2% discount, check no. 65

Oct. 10 Debit 120 Inventory $2,270

Credit 101 Cash $2,270

To record the purchase of inventory via check no. 66.

Oct. 15 Debit 201 Accounts payable (Rosenthal Co.) $1,770

Credit 101 Cash $1,770

To record the payment on account by check no. 67.

Oct. 16 Debit 306 Owner's Drawings $450

Credit 101 Cash $450

To record C. Sheridan's payment for his personal insurance premium of $450, check no. 68.

Oct. 19 Debit 201 Accounts payable (Orr Co.) $2,200

Credit 101 Cash $2,156

Credit Cash Discounts $44

To record full payment for invoice no. 610, less 2% cash discount, using check no. 69.

Oct. 29 Debit 201 Accounts payable (Clevenger Company) $2,580

Credit 101 Cash $2,580

To record full payment for invoice no. 264, by check no. 70.

Explanation:

a) Data and Calculations:

Chart of Accounts:

101 Cash  

120 Inventory

130 Prepaid insurance

157 Equipment

201 Account payable

306 Owner's drawings

505 Cost of Goods sold

Accounts Payable balances:

Uggla Company $2,500

Orr Co. $2,510

Rosenthal Co. $1,770

Clevenger Company $3,750

Transactions Analysis:

Oct. 1 120 Inventory $310 101 Cash $310 check no. 63

Oct. 3 157 Equipment, $840 101 Cash $840 check no. 64

Oct. 5 201 Accounts payable (Uggla Company) $2,500 101 Cash $2,450 Cash Discounts $50, less 2% discount, check no. 65

Oct. 10 120 Inventory $2,270 101 Cash $2,270 check no. 66, $2,270.

Oct. 15 201 Accounts payable (Rosenthal Co.) $1,770 101 Cash $1,770, check no. 67.

Oct. 16 306 Owner's Drawings $450 101 Cash $450 for his personal insurance premium of $450, check no. 68.

Oct. 19 201 Accounts payable (Orr Co.) $2,200 101 Cash $2,156 Cash Discounts $44 for invoice no. 610, $2,200 less 2% cash discount, check no. 69, $2,156.00.

Oct. 29 201 Accounts payable (Clevenger Company) $2,580 101 Cash $2,580 for invoice no. 264, $2,580, check no. 70.

6 0
3 years ago
Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 7 (to 2 decimals if ne
Harlamova29_29 [7]

Answer:

a. We have:

MSE: 63.03

The forecast for week 7: 15.33

b. We have:

MSE: 47.49

The forecast for week 7: 16.35

c. The exponential smoothing forecast using = 0.2. appears to provide the better forecast based on MSE.

Explanation:

a. Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 7 (to 2 decimals if necessary).

Note: See Part a of the attached excel file for the Calculations of Forecast, Error, and Error^2.

From the attached excel file, we can have:

MSE = Mean squared error = Total of Error^2 / Number of observation under the Error^2 = 252.11 / 4 = 63.03

The forecast for week 7 = 15.33

b. Use = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7.

Note: See Part b of the attached excel file for the Calculations of Forecast, Error, and Error^2.

From the attached excel file, we can have:

MSE = Mean squared error = Total of Error^2 / Number of observation under the Error^2 = 284.96 / 6 = 47.49

The forecast for week 7 = 16.35

Note that under exponential smoothing, forecast for week 2 has to be the Time Series Value for week 1.

b. Compare the three-week moving average forecast with the exponential smoothing forecast using = 0.2. Which appears to provide the better forecast based on MSE?

Since 47.49 MSE of the exponential smoothing forecast using = 0.2 is less than 63.03 MSE of the three-week moving average forecast, it implies that  the exponential smoothing forecast using = 0.2. appears to provide the better forecast based on MSE.

Download xlsx
4 0
3 years ago
"A" represents the new quantity demanded, while "B"
natali 33 [55]

Answer:

1) Excess supply

2) fall

Explanation:

8 0
3 years ago
Read 2 more answers
Integration is summation operation performed on discrete random variables
GalinKa [24]

The options available are:

A. No

B. Yes

C. None of the options

D. Both A and B

Answer:

Yes

Explanation:

Given that, integration involves integral calculus to give numbers processes such that it defines characteristics like area, sizes, volumes, length, and other similar concepts that have a measurable number of practical values by summing together smaller data.

Integration is one of the two fundamental operations of calculus. The other one is differentiation which operates inversely.

Hence, the statement is correct.

6 0
3 years ago
When does a state of certainty exist in a decision-making process?
Bumek [7]

Answer:

Never.

Explanation:

Uncertainty always exists in the decision-making process.

4 0
3 years ago
Read 2 more answers
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