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4 years ago

All of the following questions are helpful when determining if something is a need or want, EXCEPT…

Business

1 answer:

RideAnS [48]4 years ago

6 0

Answer:

The correct answer is letter "A": Is this more than $20?

Explanation:

Price is relative at the moment of deciding if something represents a need or want. An employee who lives far from home married with many children would need a truck for transportation. A college student who lives on campus instead could want a truck even if it is not often used for transportation.

Thus, questioning is something is more than $20 does not necessarily imply if the price is higher than $20 it is not a need and that it represents a want.

You might be interested in

You want to buy a house that costs $240,000. You will make a down payment equal to 20 percent of the price of the house and fina

Anvisha [2.4K]

Answer:

The correct answer is $1,067.38

Explanation:

According to the scenario, the given data are as follows:

House cost = $240,000

Down payment = 20% × $240,000 = $48,000

Amount of loan (p) = $240,000 - $48,000 = $192,000

Time period ( compounded monthly) (t) = 30 years × 12 = 360 months

Rate of interest = 5.31% = 0.0531

Rate of interest Monthly (r) = 0.0531 ÷ 12 = 0.004425

In this question, we use the PMT formula which is shown in the spreadsheet.

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $1,067.38

8 0

3 years ago

Amanda Winter worked as a public engagement coordinator at Safe Food Alliance until three months ago when her manager, Laura Mor

arlik [135]

Answer:

Option D is the correct answer to this question.

Explanation:

Laura sat in on only one of Amanda's presentations before giving her the promotion.

They were made by hand before slides were mounted on computers. Designing a PowerPoint presentation took several hours and though it was costly. Presentations were illustrated back then people with devices such as journal flip charts and computer monitors, but these have been used in schools and conference rooms worldwide.

Other options are incorrect because they are not related to the given scenario.

6 0

4 years ago

An online retailer uses complex data-mining software to evaluate the preferences and buying habits of its customers and makes de

rusak2 [61]

Answer: Analytics

Explanation:

The online retailer is applying analytics to evaluate buyers preferences and habits: this information gotten influences the decisions made by the retailer.

Analytics in decision making process occurs when a manager in an organization carefully analyses systematic statistical data to make decisions in the organization.

The use of analytics in decision making helps reduce errors and enables the manager make accurate decisions.

3 0

3 years ago

Tanning Company analyzes its receivables to estimate bad debt expense The accounts receivable balance is $300 000 and credit sal

pentagon [3]

Answer: Bad Debt Expense 28,000 Allowance for Doubtful Accounts 28,000

Explanation:

Account receivable = 300,000

Percentage uncollectible = 10%

Current balance = 2000

Adjustment to allowance for uncollectible accounts is given by :

(Account receivable ×percentage uncollectible) - current balance

(300,000 × 10%) - 2000

(300,000 × 0.1) × 2000

30,000 - 2000 = 28,000

Therefore, adjustment should be :

bad debt expense debit 28,000

allowance for doubful account credit 28,000

6 0

4 years ago

Although the Fed has very strong influence over the money supply, it does not have complete control a.Because the Fed has no ide

lorasvet [3.4K]

Answer: b. Because of unpredictable changes in the public's desire to hold cash or borrow and banks' desires to hold reserves or lend.

Explanation:

The Fed is able to embark on monetary policy that influences the entire country - and the world to some extent - because they have very strong influence over the money supply of the US$.

This influence is not absolute however because as the old adage goes, "you can lead a horse to water but you can't make him drink". In other words, the Fed can relax(impose) restrictions to make money more(less) available but they cannot force people to borrow(hold) that money.

They can't force banks either to either hold reserves or lend money out because banks are free to impose their own reserve limits on top of those of the Fed.

7 0

3 years ago