Answer:
Stimulus generalization
Explanation:
Stimulus generalization is a marketing technique used whereby a particular brand in this case Rolex, uses the same or similar packaging design for all or most of their product in the aim of extending goodwill to all their products. It is the tendency to respond to stimuli that are similar to the original stimulus. Companies used this technique because slight differences in product are not apparent to individuals, so individuals tend to carry the goodwill from previous product to another product on the same brand.
Answer:
2. Variable
Explanation:
Delivery costs at Hernandez, Inc are variable costs because they depend on the level of output.
As it can be seen, in March, the units produced where 16,000, and the delivery costs were $20,000. However, in April, the units produced fell to 12,000, and the delivery costs also fell accordingly, to $18,000.
Answer:
($35 million + $12 million) / $70 million = 0.6714
Explanation:
Answer: $12,000
Explanation:
The question makes no sense in one area. The loss probability for $0 cannot be 90% because the other two are collectively 20%. I shall therefore assume that the loss probability for $0 is 80% so that they add up to 100%.
Expected claim cost = ∑[loss probability * (Loss - Deductible)]
= 0.9 * 0 + [0.15 * (10,000 - 10,000)] + [0.05 * (250,000 - 10,000)]
= $12,000
Answer:
Debit cash for $100,000
Credit cash for $100,000
Explanation:
It should be noted that on September 1, the only transaction that occurred is the receipt of cash by Vicario, Inc. from First National Bank and no interest expenses has been accrued.
Based on this therefore, the journal entry for Vicario on September 1 will appear as follows:
<u>Date Name of Accounts DR ($) CR ($) </u>
Sept. 1 Cash 100,000
Notes payable 100,000
<u><em> (To record borrowing from First National Bank.) </em></u>
