Answer:
Fans might display a hindsight bias in the aftermath of a loss by claiming to have seen signs that the team would lose. Hindsight bias involves the tendency for people to perceive events that has already occurred as having been more predictable than it actually was. The fans may claim that they knew all along that the defeat was coming after such an impressive run of wins.
Some fans would blame to defeat on over confidence, citing that the team was to overconfident in their approach to the game having been a a good winning streak. They may point out that the overconfidence of the team led to them under rating their opponents which led to the defeats.
Lastly, fans might perceive the loss as the necessary outcome of a pattern (or a violation of a pattern) when, in fact, it was down to random events. The fans may claim that sooner or later the defeat would come after having one so many games in a role.
Answer:
c. $25,000
Explanation:
Calculation to determine At the end of the year, the company's equity totaled:
First step is to calculate the Net income using this formula
Net income= Revenues- Expense
Let plug in the formula
Net income= 35000-23000
Net income=12000
Second step is to calculate Net income added to capital using this formula
Net income added to capital = Net income-Cash dividend
Let plug in the formula
Net income added to capital=12000-2000
Net income added to capital=10000
Now let determine the Ending company total equity using this formula
Ending company total equity= Opening invested capital + Net income added to capital
Let plug in the formula
Ending company total equity=15000+10000
Ending company total equity=$25000
Therefore At the end of the year, the company's equity totaled:$25,000
Answer:
Explanation:
The journal entry is shown below:
On February 20
Organization expense A/c Dr $60,000
To Common Stock A/c $25,000 (1,000 shares × $25)
To Paid in capital in excess of par-Common Stock $35,000
(Being the organization expense is recorded and remaining balance is credited to the Paid in capital in excess of par-Common Stock)
Answer: Manufacture Inventory further and sell for $30,000
Explanation:
To make this decision we would have to calculate the benefit that could be acquired from manufacturing further.
Amount net benefit if manufactured further and sold for $30,000
= 30,000 - 12,000
= 18,000
There would be a net benefit of $18,000 of manufactured further.
If Marigold Corp. sold at the scrap value there would get $14,000.
We can see that Manufacturing further and selling for $30,000 is the better option as it brings more money. It should therefore be chosen.
Answer: Option C
Explanation: Oligopoly refers to a market structure where a few firms dominate the complete market. The level of investment in such industries is very high so it is not easy to enter or exit these industries.
Automobile is one of many examples of oligopoly structure. There are few big firms in the industry therefore the operations of one affects the operation of others.
Hence from the above we can conclude that the correct option is C.
