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3 years ago

According to the text, how many steps are involved in the consumer decision making process?.

Business

1 answer:

Amanda [17]3 years ago

6 0

Answer:

5- steps

Explanation:

What are the 5 steps to the consumer decision making process?

Recognized

Search process comparison

Product or service selection

Evaluate of decision

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Rodriguez Company pays $385,000 for real estate plus $20,405 in closing costs. The real estate consists of land appraised at $19

MatroZZZ [7]

Answer: Please see answer in the explanation column

Explanation:

a) Allocate the total cost among the three purchased assets

Total Appraised value of the three assets = Land(193,5000 )+land improvement(86,000) + building (150,500) =$430,000

Total amount of acquisition of assets =Purchase price of assets + closing costs = $385,000 + 20,405= $405,405

1)Asset --Land

Appraised value= $193,500

percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 193,500/430,000 x 100= 45%

Apportioned amount = 45% x $405405 = $182,432.25

2)Asset --Land improvements

Appraised value= $86,000

percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 86,000/430,000 x 100= 20%

Apportioned amount = 20% x $405405 = $81,081

3) Asset --Building

Appraised value= $150,500

percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 150,500/430,000 x 100= 35%

Apportioned amount = 35% x $405405 = $141,891.75

Total cost = Apportioned amount of ( Land + Land improvements +Building ) =

$182,432.25 + $81,081+ $141,891.75= $405,405

b)Journal entry to record purchase of the three assets

Account Debit Credit

Land $182,432.25

Land improvements $81,081

Building $141,891.75

Cash $405,405

6 0

3 years ago

The principle of exceptions allows managers to focus on correcting variances between apetitor's costs and actual costs bpetitor'

tia_tia [17]

Complete Question:

The principle of exceptions allows managers to focus on correcting variances between

Group of answer choices

a. standard costs and actual costs

b. competitor's costs and standard costs

c. variable costs and actual costs

d. competitor's costs and actual costs

Answer:

a. standard costs and actual costs

Explanation:

A principle of exception can be defined as a theory that states that, only relevant and significant deviation about an asset is brought to the knowledge of a manager for the decision-making process or consideration.

The principle of exceptions allows managers to focus on correcting variances between standard costs and actual costs.

4 0

3 years ago

Terryville Corporation plans to sell 48,000 units of its single product in March. The company has 3,500 units in its March 1 fin

murzikaleks [220]

Answer:

Terryville plans to produce 47,600 units in March.

Explanation:

First of all, let us lay out the information given clearly:

Projected sales = 48,000 units

Inventory (March 1) = 3,500 units

Inventory (march 31) = 3,100 units.

From the above information, the total units to be produced can be calculated by adding the total projected sales to the ending inventory as follows:

Total projected units to be produced = projected sales + ending inventory

= 48,000 + 3,100 = 51,100 units

However, we are told that the inventory at the beginning of the month of March is 3,500, therefore of the total amounts to be produced, 3,500 units is already available, hence to get the new amount to be produced we will subtract the beginning inventory from the total units planned to be produced.

Total units to be produced = 51,100 - 3,500 = 47,600 units.

8 0

4 years ago

A ________ illustrates consumer views of brands versus those of competing products on important buying dimensions.

erma4kov [3.2K]

The answer is product's position. This involves the impression, perception, and feeling of the consumer to a product relative to competing brands. It is also about positioning the product in the consumer minds and its ability to be differentiated from others.

7 0

3 years ago

Larry Bar opened a frame shop and completed these transactions:1. Larry started the shop by investing $40,000 cash and equipment

sukhopar [10]

Answer:

The balance of the cash account after these transactions were posted for $40,300

Explanation:

The computation of the balance of the cash account is shown below:

= Cash invested - paid cash for the receptionist's salary + cash collection for giving custom frame service

= $40,000 - $1,200 + $1,500

= $40,300

The other items which are mentioned in the question reflected credit sales so we do not consider these items.

6 0

4 years ago