Answer:
270,000
Explanation:
10% reduction in demand means he will only need 90%
10% of 300,000 is 30,000
300,000 - 30,000 = 270,000
Answer:
Framing effects.
Explanation:
Framing effect in psychology is the cognitive bias whereby an individual makes decisions based more on the information presented than on one's own choice. In other words, when someone makes a decision that is influenced more by the effects of the information on others than on one's own opinions.
In the given scenario, Josh's decision to have tiramisu only when others are having dessert and not if he would be the only one having dessert is affected by the framing effect. This is because his decision is influenced by the way others behave rather than his desire to eat even his favorite dessert.
Thus, the correct answer is the framing effect.
Answer:
B) Interest receivable.
Explanation:
Since the note was received one month into its term (July 15 ⇒ August 15), it must be recorded with interest receivable for one month.
This means that Benet will record as interest revenue only three months of interest (August 15 ⇒ September 15 ⇒ October 15 ⇒ November 15), instead of four.
Answer:
$8,000
Explanation:
Base on the scenario been described in the question, we are to use simple interest to calculate the given problem
We are given
Time = 2years
rate = 8%
Principal = $50,000
Simple interest formula is given below
I = PRT/100
Substituting the values into the question, we have
I = $50,000×8×2/100
I = $800,000/100
I = $8,000