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Neko [114]
3 years ago
12

Ethan considered three important attributes when deciding where he would do his banking: the convenience of the location, hours

of operation, and interest rates for CDs. In this situation, these three attributes are called:
a. evaluative sets
b. formative criteria
c. evaluative criteria
d. alternative evaluation
e. attribute sets
Business
1 answer:
sineoko [7]3 years ago
4 0

Answer:

<em>c. evaluative criteria </em>

Explanation:

Evaluative criteria are <em>when a consumer chooses a different product because of factors like value, cost, and functionality from the one they initially had in mind. </em>

It could take a little while for certain consumers to study and explore different goods before they purchase.

While some, just before they purchase, can make the decision automatically.

You might be interested in
Cullumber Manufacturing Company purchased 14600 switches to make 6300 units. The standard allows for 2 switches per unit. The co
earnstyle [38]

Answer:

d. $1,875 unfavorable

Explanation:

Direct material quantity variance is computed as;

= (AQ - SQ) × SP

AQ = Actual quantity = 6,300 units

SQ = Standard quantity = 14,200 / 2 = 7,300 units

SP = Standard price = $0.80

Direct material quantity variance

= (6,300 - 7,300) × 0.80

= -1,000 × $0.80

= -1,875 unfavorable

3 0
3 years ago
Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following: Com
Maslowich

Answer:

$327,400

Explanation:

Preparation of the stockholders' equity section of the balance sheet at the end of the year.

TANDY, INCORPORATED Balance Sheet (Partial) At December

TANDY, INCORPORATED

Balance Sheet (Partial)

At December 31, this year

Stockholders' equity:

Contributed capital:

Common stock $149,100

(21,300*$7)

Additional paid-in capital, common stock $106,500

[21,300 x (12-7)]

Common stock - Contributed capital $255,600

($149,100+$106,500)

Preferred stock $11,400

(1,900*$6)

Additional paid-in capital, Preferred stock $19,000

[1,900 x (16-6)]

Preferred stock - Contributed capital $30,400

($11,400+$19,000)

Total Contributed Capital $286,000

($255,600+$30,400)

Retained earnings $41,400

Total Stockholders' equity $327,400

($286,000+$41,400)

Therefore the stockholders' equity section of the balance sheet at the end of the year will be $327,400

5 0
3 years ago
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,800 account of a customer
laila [671]

Explanation:

The Journal entry is shown below:-

On Jan 31

Allowance for doubtful accounts $2,800

                     To Accounts receivable - C. Green $2,800

(Being the uncollectible amount is recorded)

Mar 09

Accounts receivable - C. Green $2,300

               To  Allowance for doubtful accounts $2,300

(Being the written off amount is recorded

Mar 09

Cash $2,300

              To Accounts receivable -  C. Green $2,300

(Being the payment is received is recorded)

7 0
3 years ago
Read 2 more answers
Hardwig Inc. is considering whether to pursue a restricted or relaxed current asset investment policy. The firm's annual sales a
DerKrebs [107]

Answer:

d. 2.24%

Explanation:

total annual sales = $3,600,000

fixed asset turnover = total sales / fixed assets = 4, that means that total fixed assets = $3,600,000 / 4 = $900,000

debt = 50% = $450,000

equity = 50% = $450,000

EBIT = $150,000

net income = $150,000 x (1 - 40%) = $90,000

restricted policy:

asset turnover = 2.5

sales = $3,600,000 x (1 - 15%) = $3,060,000

EBIT = $135,000

net income = $81,000

assets = $3,060,000 / 2.5 = $1,224,000

equity = $1,224,000 x 50% = $612,000

ROE = $81,000 / $612,000 = 13.24%

relaxed policy:

asset turnover = 2.2

EBIT = $150,000

net income = $90,000

assets = $3,600,000 / 2.2 = $1,636,364

equity = 50% x $1,636,364 = $818,182

ROE = $90,000 / $818,182 = 11%

difference between ROEs = 13.24% - 11% = 2.24%

8 0
3 years ago
You have been asked to evaluate two alternatives, X and Y, that may increase plant capacity for manufacturing high-pressure hydr
seraphim [82]

Answer:

Present value of Project X is $41990.6

Present value of Project Y is $34605.2

Explanation:

                           <u>PROJECT X   </u>                                  

PARTICULARS    YEAR      Cost/Value   Present Value factor 15% Present Value

Initial Cost                0              45000         1                  45000

Maintenance           1- 5             8000         3.352           26816

cost

Annual Depreciation 1-5           (8600)       3.352           (28827.2)

Salvage Value              5           (2000)       0.4971         <u> (994.2)    </u>

                      Present value of cash outflows             41,990.6

                             <u>PROJECT Y</u>

<u>PARTICULARS </u>   YEAR   COST/VALUE Present value factor 15% PRESENT VALUE

Initial Cost                 0           58000             1                    58000

Maintenance           1- 5           4000            3.352               13409  

cost

Annual Depreciation  1-5        (9200)           3.352             (30838.4)  

Salvage Value              5         12000            0.4971          <u>  (5965.2) </u>    

Present Value of cash outflow                                          34605.2  

Note: Figures in parenthesis denote cash inflow

Working Notes

Depreciation for project X  = \frac{45000\ -\ 2000}{5}  = $8600 p.a

Depreciation for project Y = \frac{58000\ -\ 12000}{5}  = $9200 p.a

Decision: Since present value of cash outflows is lesser for Project Y, it should be taken up.

7 0
3 years ago
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