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Kamila [148]
3 years ago
5

John has very little knowledge of cheese and seldom buys it for personal use. However, when he is invited to dinner by a friend,

a self-confessed cheese lover, John feels obligated to buy cheese for him. When he returns home after dinner, John finds that the "Stilton cheese" he randomly chose and bought is displayed on the calendar in his kitchen. Which of the following is most likely to account for John’s choice of cheese?
a. Mere exposure effect
b. Just meaningful difference
c. Selective distortion
d. Selective exposure
Business
1 answer:
IRISSAK [1]3 years ago
8 0

Answer:

a. Mere exposure effect

Explanation:

Mere exposure effect

It is a psychological phenomenon due to which people tends to develop some preference for particular things , simply because they seems to be similar to themselves .

Hence , this effect is sometimes also called as the familiarity principle .

And according to recent study , more often someone sees the thing or even a person , the more pleasing the thing or the person becomes .

Hence , from the question information , John shows a Mere exposure effect .

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When preparing the statement of cash flows using the indirect​ method, which statement is​ INCORRECT? A. Losses on the sale of l
ExtremeBDS [4]

Answer:

The correct answer is Option A.

Explanation:

A. Losses on the sale of longminusterm assets are subtracted from net income - This is incorrect because on losses on sale of an asset are usually added to the net income to avoid double-counting of income. Under the investing section of the cash flows, the proceed received on disposal is recorded there as inflow, if the losses realized on the disposal are subtracted, there would be a double-counting because the losses had already reduced the net income before.

B. Increases in current liabilities are added to net income - This is an inflow of cash, so it is usually added back.

C. Depreciation expense is added to net income - The explanation under Option A above applies but only that depreciation is a non-cash item, which already reduced the net income and it has to be added back to reinstate the net income.

D. Gains on the sale of longminusterm assets are subtracted from net income - Explanation under Option A applies.

3 0
3 years ago
Diwali Airlines has a contract that gives them the opportunity to purchase up to 10,000,.000 jet fuel at $2.00 per gallon. The c
Ad libitum [116K]

Answer:

Option (D) is correct.

Explanation:

Diwali Airlines has a contract,

Given that,

There is an opportunity to purchase jet fuel upto = 10,000,000 gallons

Price = $2 per gallon

Current market price of jet fuel = $2.26 per gallon

The value of this opportunity:

= Jet fuel needed × (Current market price - $2)

= 6,000,000 gallons × $0.26

= $1,560,000

8 0
3 years ago
What is one of the advantages of buying an existing business?
Pepsi [2]
My answer choice would be "B" " The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors"
3 0
3 years ago
Read 2 more answers
Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football
natita [175]

Answer:

Find the answers in the explanation section below

Explanation:

The return on equity for each of the partners and the firm in total is the net income for the year divided by average capital invested in the business in the year.

Average capital or equity is the beginning balance plus ending balance divided by 2:

Hockey LP:

Annual net income is $36,664

average equity=($345,000+$381,664)/2=$363,332

return on equity= $36,664/$363,332 =10.09%

Football LP:

Annual net income is $751,612

average equity=($1,414,500+ $2,046,112)/2=$1,730,306

return on equity=$751,612/$1,730,306 =43.44%

Rugged sports:

Annual net income is $788,276

average equity=($1,759,500+ $2,427,776)/2=$2093638

return on equity=$788276/$2093638 =37.65%

6 0
3 years ago
The Woods Co. and the Speith Co. have both announced IPOs at $52 per share. One of these is undervalued by $11, and the other is
Sergio039 [100]

Answer:

$11,400

Explanation:

Data provided as per the question is below:-

Shares = 1,900

Undervalued amount = $11

Overvalued amount= $5

The computation of profit is shown below:-

Profit = Shares × Undervalue amount - Shares × Overvalued amount

= 1,900 × $11 - 1,900 × $5

= $20,900 - $9,500

= $11,400

Therefore for computing the profit we simply applied the above formula.

4 0
3 years ago
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