An example of "Framing" is that a person may reject an investment when it is posed in terms of risk surrounding potential gains, but may accept the same investment if it is posed in terms of risk surrounding potential losses.
<u>Explanation:</u>
A cognitive bias (systemic fault in one's thinking) where people suggest or decide whether the choices to be viewed as plus or minus implications, instance like loss or a gain and understood as Framing effect.
People tend to avoid risk when presenting a successful frame but look for risks when presenting a negative frame. Individuals will phrase their material in such a way as to force you to join.
For an instance, a musician could say millions are listening to them. You might want to participate because that is what so many other people do.
Answer:
The correct answer is $13.900.
Explanation:
To carry out the verification balance, the nature of the accounts presented in the normal balance of the organization must be taken into account. We have that the assets and income have a debit nature, so it is necessary that the corresponding to that premise are:
Accounts receivable $ 1,800 - Active
Insurance expenses $ 1,300 - Expenses
Prepaid insurance $ 2,000 - Expenses
Land $ 3,000 - Active
Cash $ 3,200 - Assets
Salary Expenses $ 1,400 - Expenses
On the other hand there are accounts that despite being of a credit nature, have credit movements as a result of ordinary activities, which would be:
Dividends: $ 1,200 - Debit nature liability
TOTAL DEBITS: $ 13,900
Answer:
The most accurate estimate of lost profits is
3) a weighted average that gives twice the weight to the last six months as to the first six months
Explanation:
In this case, after Mr James' suggestions, I consider several options as an estimate of lost profits, which are:
1) The full year: In this case the the entire data for the year would be considered for estimation.
2) The last six months: Here, half of the year's data would be considered for estimation.
3) Weighted average that gives twice the weight to the last six months as to the first six months: This means that the data for the most recent months should be given more weight more than the first six months. It means that the most recent data would be more accurate than that of the first 6months, and the most recent data should be trusted more than the data of the previous 6 months.
Here, a ratio of 2:1 is used to assign weight to the last six months and first six months respectively.
4) Some other weighted average: This is similar to option 3 not same ratio is used, but some other weights could be assigned depending on other factors.
Therefore, the weighted average gives the most accurate estimate of lost profits as in option (3) because it considers the most recent data.
Answer:
$76
Explanation:
The computation of Unit product cost under variable costing is shown below:-
Unit product cost under variable costing = Direct material + Direct labor + Variable manufacturing overhead
= $47 + $21 + $8
= $76
So, for calculating the Unit product cost under variable costing we simply added the direct material, direct labor and variable manufacturing overhead.
