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MrRa [10]
3 years ago
5

Research has found that for many products, including soft drinks, coffee, and cosmetics, consumers are unable to distinguish amo

ng brands in blind tests (i.e., taste or other use of the products without labels). nonetheless, even when prices are similar, consumers have strong preferences for specific brands. they may buy out of habit, which is the basis of
Business
2 answers:
Alchen [17]3 years ago
6 0
<span>They may buy out of habit, which is the basis of routine problem solving. Routine problem solving is defined as associating one type of operation for problem solving with what seems to be correct in nature to that person. Though it has been shown that people without seeing the brand they are familiar with are able to distinguish between products, once they see the brand they are use to they stick with it. People like to stick with what they know and are comfortable with even if the quality of something else is the same. </span>
Leona [35]3 years ago
3 0

The correct answer is routine problem solving. Routine problem solving is being defined as having to associate at least one arithmetic operations or even a ratio in regards to solving problems that are likely to be practical in nature or in the environment.

You might be interested in
What is profit or loss revaluation?​
sweet [91]

Revaluation is used to adjust the book value of a fixed asset to its current market value. ... If a revaluation results in a decrease in the carrying amount of a fixed asset, recognize the decrease in profit or loss

4 0
3 years ago
Read 2 more answers
The income statement approach to estimating uncollectible accounts expense is used by Kerley Company. On February 28, the firm h
erik [133]

Answer:

Feb 28.

  • Uncollectible accounts expense would amount to 1% of net credit sales made during February.  

Dr Bad Debt Expense $ 27,860

Cr Allowance for Uncollectible Accounts $ 27,860

  • On March 10, an accounts receivable from Kathy Black for $6,100 was determined to be uncollectible and written off.  

Dr Allowance for Uncollectible Accounts $ 6,100

Cr Accounts receivable $ 6,100

  • March 31, Black received an inheritance and immediately paid her past due account in full.  

Dr Accounts receivable $ 6,100

Cr Allowance for Uncollectible Accounts $ 6,100

 

Dr CASH $ 6,100

Cr Accounts receivable $ 6,100

Explanation:

February 28  

Dr Accounts receivable $ 437.000

Cr Allowance for Uncollectible Accounts $ 2.140

Net Credit Sales February $ 3.000.000

 

Uncollectible accounts expense would amount to 1% of net credit sales made during February.  

Dr Bad Debt Expense $ 27.860

Cr Allowance for Uncollectible Accounts $ 27.860

On March 10, an accounts receivable from Kathy Black for $6,100 was determined to be uncollectible and written off.  

Dr Allowance for Uncollectible Accounts $ 6.100

Cr Accounts receivable $ 6.100

March 31, Black received an inheritance and immediately paid her past due account in full.  

Dr Accounts receivable $ 6.100

Cr Allowance for Uncollectible Accounts $ 6.100

 

Dr CASH $ 6.100

Cr Accounts receivable $ 6.100

 

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % estimated of accounts receivables as CREDIT.  

 

Bad accounts are those credits granted by the company and there is no possibility of being charged.  

"When customers buy products on credits but the company cannot collect the debt, then it's necessary

to cancel the unpaid invoice as uncollectible."  

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets  

 

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.  

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)  

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit)  with accounts receivable (credit), with this we are recognizing the bad credit of the company.  

8 0
3 years ago
Which of the following is true of water budgets?
zysi [14]

Answer:

B. In the winter, when water use is low, precipitation exceeds evapotranspiration

Explanation:

A water budget can be seen as the relationship between the inflow and outflow of water through a specified region.  It gives a general Idea of the relationship between the demand and supply of water in that region.

Evapotransipration is the loss of water from the soil through evaporation from the soil and other surfaces and by transpiration from plants, while precipitation refers to  rain, snow, sleet, or hail that falls to the ground.

During winters due to the cold temperatures, the rate of water loss from the soil and from plants is much lower than the amount of precipitation which is on form of snow.

Snow covers most of the soil, freezing the soil water at the surface of the soil, making it difficult for evapotranspiration to occur. In addition to that, most deciduous trees shed their leaves during this period further reducing the total amount of transpiration in that region.

This makes option B correct

3 0
3 years ago
(Ignore income taxes in this problem.) The Sawyer Corporation has $145,000 to invest and is considering two different projects,
Ivan

Answer: -$‭20,529.6‬0

Explanation:

Net Present value of Y = Present Value of Inflows - Present value of Outflows

Present Value of Y inflows

$32,000 inflows for 5 years. This is therefore an annuity

Present value of annuity = Annuity * Present value interest factor, 9%, 5 years

= 32,000  * 3.8897

= $‭124,470.4‬0

Net Present Value = 124,470.4‬0 - 145,000

= -$‭20,529.6‬0

7 0
4 years ago
Suppose that the price of peanuts falls from $3 to $2 per bushel and that, as a result, the total revenue received by peanut far
Arturiano [62]

Answer:

A) the demand for peanuts is inelastic          

Explanation:

Since in the question it is given that the price of peanuts is fall fro $3 to $2 per bushel which shows the decreased in price while at the same time the revenue received is also decreased from $16 to $14 that results in demand for peanuts is inelastic          

As we know that

Inelastic = When elasticity is less than one

So in the given case since the price and revenue received is decrease therefore the demand is inelastic

4 0
3 years ago
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