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mrs_skeptik [129]
2 years ago
9

Jill is exploring multiple suppliers in order to find the best price. However, instead of calling all eight potential suppliers,

she only reaches out to the first three and bases her selection on those instead of contacting all suppliers. Jill's action best describes the concept of
Business
1 answer:
tigry1 [53]2 years ago
7 0

The concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>A) cognitive limitations.</u>

<h3>What are cognitive limitations?</h3>

Cognitive limitations are the human and information processing restrictions imposed on decision-making.  The originate from the limited human cognitive nature and information processing abilities. Cognitive limitations lead to probability distortions.  They cause errors in decision-making.

The implication of Jill's action is that she might be making the wrong decisions.

<h3>Answer Options:</h3>

A) cognitive limitations.

B) optimal decision making.

C) the illusion of control.

D) escalating commitment.

Thus, the concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>Option A</u>.

Learn more about cognitive limitations at brainly.com/question/13649097

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This information relates to Sunland Company for the year 2017. Retained earnings, January 1, 2017 $83,080 Advertising expense 2,
babymother [125]

Answer:

Net Income : $16.616

Retained Earnings: $92.256

Please see details below:

Explanation:

Income Statement 2017

Sales  $71.920  

Advertising Expenses -$2.232  

Miscellaneous Expenses -$50.096  

Utilities Expenses -$2.976  

Net Income $16.616  

Retained Earnings Report  

Opening retained earnings $ 83.080

Add: Net Income $ 16.616

Subtotal $ 99.696

Less: Dividens -$ 7.440

Total $ 92.256

8 0
3 years ago
On January 1, 2018, Johnstone leased an office building. Terms of the lease require Johnstone to make 15 annual lease payments o
Assoli18 [71]

Answer:

LEASE LIABILITY: 1,121,136

Explanation:

the lease liaibility will be the present value of an annuity-due (payment at beginning of the period)

C \times \frac{1-(1+r)^{-time} }{rate}(1+r) = PV\\

C 134,000

time 15

rate 0.1

134000 \times \frac{1-(1+0.1)^{-15} }{0.1} (1+0.1)= PV\\

PV $1,121,136

The lease laibility will be for 1,121,136

interst expense will be recognize over time against the lease liability and the payment decrease the liability. at the end of the agreement the lease liaiblity will be zero as there are no pending payment.

3 0
3 years ago
A retail tower is circular with 20 floors. The circumference around the building is 200π. What is the square footage of all floo
Marina86 [1]

Answer:

The area of all floors=200,000π square foot

Explanation:

<em>Step 1: Determine the circumference of one floor</em>

Since the retail tower is circular in shape with a circumference of 200π, it means one floor has a perimeter of 200π.

The formula for the circumference of a circle is;

C=2πr

where;

C=circumference of the circle

π=pi

r=radius of the circular tower

In our case;

C=200π

r=unknown

replacing;

200π=2πr

r=200π/2π

r=100 feet

<em>Step 2: Determine the Area of one circular floor</em>

The area of a circle is given as;

A=πr^2

where;

r=100 feet

A=unknown

replacing;

A=π×100^2

A=10,000π square foot

The area of one floor=10,000π square foot

Area of all floors=area of one floor×number of floors

where;

area of one floor=10,000π square foot

number of floors=20

replacing;

Area of all floors=20×10,000=200,000π square foot

3 0
3 years ago
The accounting department prepares a bank reconciliation at the end of each month. The following Table Dashboard is provided to
nataly862011 [7]

Answer: Please see explanation for answer

Explanation:

Bank Reconciliation statement for the month of November

Balance from bank statement                         $16,028

Deposit in transit                                               +250

Outstanding checks

check1203                                            -100

check 1278                                          -78

Total outstanding checks                                     - 178

Adjusted cash balance                                        $16,100

Balance from Company account                         $16,127

Interest earned                                                       $37

Bank fees

Check Printing Fees                      $35,

Service Fees:                                 $15,

Wire Transfer Fees                       $14

Total Bank fees                                                      -64

Adjusted cash balance                                        $16,100

1.The company's

(a) bank balance on November 30 before the bank reconciliation= $16,028

(b) book balance on November 30 before the bank reconciliation =$16,127

2. Amount of cash interest received in the month of November = $37.

3. Bank fees charged in November is given as

Check Printing Fees: $35, Service Fees: $15, Wire Transfer Fees: $14.

The largest here is the Check Printing Fees at $35

4 0
3 years ago
How does the bureau of labor statistics determine how the market basket should change over time?
vodka [1.7K]
The bureau of labour statistics determines how the market basket will change by conducting consumer expenditure report.
3 0
3 years ago
Read 2 more answers
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