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
nata0808 [166]
4 years ago
10

When deciding on the catering budget for her upcoming wedding, Kris was told that typically around 10% of invited guests usually

decline. Kris is using a(n) _______ to simplify her decision making. dialectical inquiry cognitive bias heuristic confirmation bias illusion of control
Business
1 answer:
alex41 [277]4 years ago
8 0

Answer:

Heuristic

Explanation:

A heuristic is a mental shortcut that people generally use to help them solve problems and make judgments easily and effectively. People generally use this because:

1. It helps reduce mental effort that is required to solve a particular problem.

2. Reduces decision making time.

3. They help simplify complex decisions.

As in the question, a wedding requires plenty of decision making, such as the guest list, catering, floral decorations, wedding cake, budget, bridal details, invitation cards, venue, themes and so on like many other situations in the world.

In order to cope up with the massive collection of information that needs to be processed to make conclusive decisions, the brain uses this rule of thumb strategy called heuristics. Thus, we don’t have to spend endless time analyzing every little detail of our lives.

Heuristics are neither backed by past studies or findings, nor is it the most optional or rational decision. However, it is sufficient in arising to quick solutions to problems that otherwise might take a lengthy process to conclude.

You might be interested in
Chandler Co. has a loan that accrues interest at a rate of $28 a day. The company pays the interest once a quarter. What adjustm
shutvik [7]

Answer:

The Adjustment Entry for accrual of Interest Expense will be as follows:

                                              Dr.       Cr.

Interest Expense                $840

Interest accrued Payable               $840

Explanation:

Interest per day = $28

Interest expense for the Month = $28 x 30 = $840

$840 of Interest expense will be accrued at the end of the month and it should be adjusted accordingly.

5 0
4 years ago
A. Two years ago your firm took out a 30- year amortizing loan to purchase a small office building. The loan has a 4.80% APR wit
vredina [299]

Answer:

i. How much do you owe on the loan today?

  • remaining principal balance = $484,331.31

ii. How much interest did the firm pay on the loan in the past year?

  • during year 2, $23,458 was paid in interests ($28,833.33 was paid in interest during year 1).

iii. Suppose starting next year (fourth year) the loan rate jumps to 7.2% APR. What is the remaining balance? What will be the monthly payment?

  • the remaining balance at the beginning of year 4 is $475,916
  • the new monthly payment will be $3,375.72

Explanation:

I prepared two amortization schedules using an excel spreadsheet. The principal on the loan was $500,000. The first one has a fixed 4.8% APR for the whole 30 years. In the second one, the APR changes to 7.2% at the beginning of year 4.

Download pdf
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
7 0
4 years ago
Genova Corporation has a four year 10% annual coupon bond. The price of the bond is $956.12. The Yield to Maturity is 11.43%. Wh
lbvjy [14]

Answer:

10.46%

Explanation:

Data provided in the question

NPER = 4 years

Price of the bond is $956.12

Yield to maturity is 11.43%

Coupon rate = 10%

We assume the face value be $1,000

So the coupon payment is

= Face value × Coupon rate

= $1,000 × 10%

=  $100

Now the current yield on this bond is

= Coupon payment ÷ Price of the bond

= $100 ÷ $956.12

= 10.46%

8 0
3 years ago
Initial Outlay $ -8,000,000.00 Inflow year 1 1,020,000.00 Inflow year 2 1,850,000.00 Inflow year 3 1,960,000.00 Inflow year 4 2,
Reika [66]

Answer:

The answer is 6.151%

Explanation:

The weighted average cost of capital (WACC) of the project is also the internal rate of return (IRR). The IRR formula is calculated by equating the sum of the present value of future cash flow less the initial investment to zero.

5 0
4 years ago
Assume that Zambia has a domestic investment of $1500 billion, private domestic savings of $3000 billion, and a government defic
nexus9112 [7]

Answer:

$1,500

Explanation:

Domestic investment = $1500 billion

Private domestic savings = $3000 billion

Government deficit = $2000 billion

Rise in government spending = $1000 billion

Now,

Trade deficit =

Domestic investment - Private domestic saving - Government savings

also,

Total Government deficits = $2,000 + $1000

= $3,000

and,

Government savings = - Government deficits

= - $3,000

Now we know government deficit is 3000 billion and if spending increases further 1000 billion, the government deficit will be 4000 billion

thus,

Trade deficit = $1,500 - $3,000 - (- $3,000)

or

= $1,500

4 0
3 years ago
Other questions:
  • When writers take several outside sources and weave the information into their​ arguments, they are
    15·1 answer
  • A broker may discuss and negotiate the tems upon which to take a future listing or, alternatively, may take a listing to become
    7·1 answer
  • Suppose an investor is interested in purchasing the following income producing property at a current market price of $450,000. T
    15·1 answer
  • The following events occur for Morris Engineering during 2018 and 2019, its first two years of operations.
    10·1 answer
  • Which of the following were provisions of the Monetary Control Act of 1980? Check all that apply.
    9·1 answer
  • When a firm adopts new technology, it is customary for firms':
    12·2 answers
  • ) Cebrex Software began a new development project in 2020. The project reached technological feasibility on June 30, 2021, and w
    7·2 answers
  • Select the correct answer.
    8·1 answer
  • Current operating income for Bay Area Cycles Co. is $40,000. Selling price per unit is $100, the contribution margin ratio is 20
    11·1 answer
  • 8.<br> Which of the following features are unique to a page border?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!