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Sindrei [870]
3 years ago
5

Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others a

re called
Business
1 answer:
Tomtit [17]3 years ago
7 0

Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

Prestige products are products that are of a high quality, high value and costly which are often purchased by people because of the benefit they will derived from it.

Most people tend to buy prestige products in order to increase their status in the society and they will often go for the product without minding how costly the product are.

Example of prestige product is buying a luxury car or items such as wrist watch that are very expensive.

Inconclusion products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

Learn more about prestige products here: brainly.com/question/6374886

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This information relates to Hanshew Real Estate Agency.
Molodets [167]

Answer and Explanation:

a. The Journal entry is shown below:-

1. Cash Dr, $35,000

      To common stock $35,000

(Being received cash in exchange of common stock is recorded)

2. No Journal entry is required

3. Equipment Dr, $3,500

      To Accounts payable $3,500

(Being equipment is recorded)

4. Accounts receivable Dr, $10,000

    To service revenue $10,000

(Being service revenue is recorded)

5. Cash Dr, $140

     To Service revenue $140

(Being Cash is recorded)

6. Accounts payable Dr, $700

       To Cash $700

(Being accounts payable is recorded)

7. Salaries and wages expenses Dr, $3,000

      To Cash $3,000

(Being Salaries and wages expenses is recorded)

b. The transaction of T accounts is shown below:-

                          Cash

Oct 1       $35,000        Oct 27     $700

Oct 10     $140               Oct 30     $3,000

Oct 31      $31,440

                        Accounts receivable

Oct 6        $10,000

Oct 31       $10,000

                           Equipment

Oct 3         $3,500

Oct 31        $3,500

                        Accounts payable

Oct 27       $700                Oct 3     $3,500

                                          Oct 31     $2,800

                       Common stock

                                          Oct 1      $35,000

                                          Oct 31     $35,000

                           Service revenue

                                         Oct 6       $10,000

                                         Oct 10      $140

                                         Oct 31       $10,140

                           Salaries and wages revenue

Oct 30     $3,000

Oct 31      $3,000

3 0
3 years ago
A stock has a beta of 1.16, the expected return on the market is 12 percent, and the risk-free rate is 3.5 percent. What must th
Anika [276]

Answer:

13.36%

Explanation:

R = Rf + B(Rm - Rf)

where,

Rf= risk free return

B= beta

Rm= Market rate of return

Rm-Rf= Risk premium

4 0
2 years ago
Burns Medicine Shop developed a website where customers could ask the pharmacists questions and could refill prescriptions onlin
daser333 [38]

Answer:

Option d: No statutes presently require websites to have or disclose a privacy policy.

Explanation:

A Privacy Policy

This is simply defined a legal document written statement that gives a clear description of how a company or website takes, analyse, handles and processes data of its customers mostly and a visitors. It gives or describes if the information is hidden.

Privacy laws in the world simply collect personal information from the website visitors, it is usually available with your mobile app. There has been no power put in place or statutes that require websites to have or disclose a privacy policy.

3 0
3 years ago
The team members of the technical team in Wescrult Inc. are working on a crucial project. Their previous manager assigned respon
konstantin123 [22]

Answer: Controlling

Explanation: Controlling is the function of management that sets the standards for the performance, then compares the actual performance with the standards set and take corrective action if there comes any discrepancy.

In the given case, Wendy is monitoring the tasks performed by others and is also taking corrective actions. Thus, we can conclude that wendy is  performing controlling function.

3 0
3 years ago
A five-year project has a projected net cash flow of $15,000, $25,000, $30,000, $20,000, and $15,000 in the next five years. It
riadik2000 [5.3K]

The value of Net present value is $12,895.45.

Given that

initial investment = $50,000

1st-year cash flow = $15,000

2nd-year cash flow =$ 25,000

3rd-year cash flow =$ 30,000

4th-year cash flow = $20,000

5th-year cash flow = $15,000

rate = 20%

using formula

NPV = \frac{R}{({1+i})^t}

NPV = \frac{15000}{({1+0.20})^5}\\NPV = 12895.45

<h3>What is Net Present value?</h3>
  • The current value of a future stream of payments from a business, project, or investment is determined using net present value, or NPV.
  • You must predict the timing and size of future cash flows in order to determine NPV, and you must choose a discount rate that is equal to the least allowable rate of return.
  • Your cost of capital or the rewards offered by substitute investments with comparable risk may be reflected in the discount rate.
  • Positive NPV indicates that the rate of return on a project or investment will be higher than the discount rate.
  • to learn more about Net present value with the given link

brainly.com/question/14293955

#SPJ4

4 0
2 years ago
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