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jasenka [17]
3 years ago
11

Jane's aunt wants a cashmere blanket to put over her legs when she watches television from her favorite chair. Jane could drive

fifty miles and pay $90 for the blanket, or she could order one off the Internet for $168. Because Jane works fifty hours a week, cares for three children, and tries to help her aunt, she opts to buy the blanket on the Internet. This is an example of how ________ influences the consumer decision-making process.
A) a microcultureB) an opinion leader C) a reference group D) time E) learning
Business
1 answer:
tiny-mole [99]3 years ago
8 0

Answer:

option D) TIME!

This is an example of how time influences the consumer decision-making process.

Explanation:

<em>Base on the gathered information, the identification of their needs and evaluation of the alternatives Jane make their buying decision base on time. </em>He is doing another work already so moving there may interfere with their working or resting hours, along with the obligation to look for someone to look for the children while traveling.

<em>The problem here is their aunt needs</em> to put over her legs while watching television and their lack of time to make the travel, <em>not money.</em>

The customer evaluated the differential cost 168 - 90 = $78

To be lest worthy than their time lost in driving fifty miles, and take the risk of a problem in the way, for $78 dollars is gaining time and move the risk of the travel to the seller or the third party in charge of the cashmere blanket distribution.

If we need to do the 5 step analysis for consumer decision-making process it would be like this:

<u>Stage 1: Problem or need</u> --> Aunt wants to improve their lifestyle

<u>Stage 2: Information</u> --> travel to get the chair will require to look for someone to care of the children, time lost on driving, resting hours lost

<u>Stage 3: Alternatives</u> --> purchase on the internet at an additional fee of $78

<u>Stage 4:</u> Purchasing decisions. I take the internet option

<u>Stage 5:</u> The post-purchase evaluation. I save time and the trouble of going there, probably I will purchase on the internet again.

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On January 1, 2017, Eagle borrows $16,000 cash by signing a four-year, 5% installment note. The note requires four equal total p
goblinko [34]

Answer:

<u>Issuance - January 1, 2017</u>

Cash $16,000 (debit)

Note Payable $16,000 (credit)

<u>December 31, 2017</u>

Interest Expense $800 (debit)

Note Payable $3,712.19 (debit)

Cash $4,512.19 (credit)

<u>December 31, 2018</u>

Interest Expense $614.39 (debit)

Note Payable $3,897.80 (debit)

Cash $4,512.19 (credit)

<u>December 31, 2019</u>

Interest Expense $419.50 (debit)

Note Payable $4,092.69 (debit)

Cash $4,512.19 (credit)

<u>December 31, 2020</u>

Interest Expense $214.87 (debit)

Note Payable $4,297.32 (debit)

Cash $4,512.19 (credit)

Explanation:

The Loan Amortization Schedule is most appropriate way to solve all parts of this problem.

The first step to construction of the Amortization Schedule is to determine the payments made annually, PMT (interest and principal).

Using a Financial calculator, this can be determined as ;

Pv = $16,000

r = 5%

n = 4

Fv = $0

p/yr = 1

Pmt = ?

Thus PMT is $4,512.19.

Amortisation Schedule (Extracted from Financial Calculator)

<u>2017</u>

Principle Payment = $3,712.19

Interest Payment = $800

Balance =  $12,287.81

Accounting Entries :

Interest Expense $800 (debit)

Note Payable $3,712.19 (debit)

Cash $4,512.19 (credit)

<u>2018</u>

Principle Payment = $3,897.80

Interest Payment = $614.39

Balance =  $8,390

Accounting Entries :

Interest Expense $614.39 (debit)

Note Payable $3,897.80 (debit)

Cash $4,512.19 (credit)

<u>2019</u>

Principle Payment = $4,092.69

Interest Payment = $419.50

Balance =  $4,297.32

Accounting Entries :

Interest Expense $419.50 (debit)

Note Payable $4,092.69 (debit)

Cash $4,512.19 (credit)

<u>2020</u>

Principle Payment = $4,297.32

Interest Payment = $214.87

Balance =  $0

Accounting Entries :

Interest Expense $214.87 (debit)

Note Payable $4,297.32 (debit)

Cash $4,512.19 (credit)

8 0
3 years ago
A company using the periodic inventory system has inventory costing $152 on hand at the beginning of a period. During the period
BabaBlast [244]

Answer:

A. $288

Explanation:

The cost incurred to produce or purchase the product which is being sold is called cost of goods sold.

Cost of Goods Sold = Beginning Inventory + Purchases in the period - Ending Inventory

Cost of Goods Sold = $152 + $492 - $356

Cost of Goods Sold = $288

7 0
3 years ago
Read 2 more answers
Forum question 1: Do you know of a situation in which a female staff person is referred to by her first name only (e.g., “See Jo
klemol [59]

umm screw tis it is odd amd very werid but this is stupid and very dumb and stupid why fo you even bote to be on brainlt this app is good but if ypu want t answer domething like this then talk y albert einstine oh wait hes dead lol ok so the answer is noting because it is hard andery not easy you van figurit out ursepf bye lol

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3 years ago
In early economic history money was not always available and transactions occurred through ____________ which was often very dif
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Trade
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7 0
3 years ago
Semitool Corp. has an expected excess return of 6% for next year. However, for every unexpected 1% change in the market, Semitoo
xxTIMURxx [149]

Answer:

8.8%

Explanation:

Given:

Excess return = 6% = 0.06

Return respond factor = 1.2

Expected higher percent = 1.5% = 0.015

Increase growth (stock price) = 1% = 0.01

Actual excess return = ?

Computation of actual excess return:

Actual excess return = Excess return + Increase growth (stock price) + [Expected higher percent × Return respond factor]

= 0.06 + 0.01 + [0.015 × 1.2]

= 0.07 + [0.018]

= 0.088

= 8.8%

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2 years ago
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