The buying situation would most likely be classified as a business buying situation.
What is buying situation?
Consumer behaviour is the study of people, groups, or organisations and the methods they employ to select, use, and discard goods, experiences, or ideas in order to meet their needs, as well as the effects that these methods have on both the society and the consumer (Noel, 2009). Consumer behaviour combines elements from psychoanalytic theory, sociology, social anthropology, and economics with the goal of understanding how consumers make decisions, both individually and collectively (Noel, 2009). There are many factors that can affect consumer behaviour, and recent research suggests that these factors may change depending on the circumstances surrounding a purchase. The main categories of buying situations will be defined, along with their characteristics and explanations of factors that may affect consumer participation in each category.
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a customer makes a $1,900 purchase at applianceworld, paying with a credit card. applianceworld is charged a 4% fee by the credit card company. when recording this sale, applianceworld would:
When recording this sale, ApplianceWorld would:
Debit the Cash A/c by $1900
Debit the Credit Card Expenses A/c by $76
Credit Sales A/c by $1976
What is Accounting?
Accounting is a process of recording, classifying and summarizing financial transactions in a significant manner and interpreting results thereof. Accounting is a science as well as an art.
In order to handle an entity's commercial operations properly, regardless of the type of entity or how big or little it is, a proper accounting system is crucial. An accountant needs to be well-versed in the terminology and different kinds of accounts used in accounting.
What is a Account?
The organized presentation of all transactions under a specific head is known as an account. An account displays the condensed records of transactions pertaining to the person or thing in question.
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Netflix offered its subscribers a selection of over one hundred thousand dvd-by-mail titles, while other video rental firms can only offer as much as three thousand. This presents a significant _____ for netflix over its rivals.
This presents a significant scale advantage for Netflix over its rivals.
Economies of increase a company's capacity to fulfill large orders while decreasing manufacturing and buying costs.
Scale economies are cost savings experienced by businesses as their output increases. Cost cutting gives businesses more opportunities to decrease their pricing model in order to increase sales. This is the main advantage of economies of scale.
A scalable company is able to increase production to increase supply while also benefiting from economies of scale. Scalability has become increasingly crucial in recent years as new tech has made it simpler to procure more customers and expand into new markets around the world.
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miranda and jason are in the tutoring business. miranda is willing to tutor as long as she gets $20, while jason will not tutor unless he gets $35. if the most that someone would pay for tutoring is $30, how much producer surplus is earned?
The producer surplus earned by Miranda will be $10, and Jason will earn $0.
Producer surplus is the total profit an individual producer makes when they produce and sell a specific quantity of a good at market value. The total revenue from sales of a producer's goods less the marginal cost of production is the producer surplus.
The profit a producer makes by selling at market value as opposed to the lowest price they would have been ready to accept is known as the producer's surplus.
Miranda offered to tutor for $20, but the market rate for tutoring was $30; as a result, Miranda's producer surplus is equal to $30 - $20, or $10. Jason, on the other hand, offered to tutor for more than the market rate, leaving him with a $0 producer surplus.
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marketing researchers take great care in developing research questions that measure attitudes, beliefs, behaviors, and demographics because they desire positive research outcomes. true false
This is because Marketing research serves marketing management by providing information which is relevant to decision making.
What is marketing research?
Marketing research is the process of interviewing prospective customers directly to ascertain the viability of a new service or product.
Information that is pertinent to decision-making is provided by marketing research, which benefits marketing management.
Marketing research neither determines the course of action nor ensures success. Instead, market research assists in lowering the level of confusion surrounding the decision to be made.
In simple words Marketing research is the systematic and objective search for, and analysis of, information relevant to the identification and solution of any problem in the field of marketing.
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what is the adjusted cash balance per bank, if the cash balance per bank statement is $12,150; there are $6,245 of outstanding checks; and $2,385 of deposits in transit?
If the cash balance per bank statement is $12,150; there are $6,245 of outstanding checks; and $2,385 of deposits in transit, then the adjusted cash balance per bank will be $8,290. Therefore, the option C holds true.
What is the significance of adjusted cash balance?An adjusted cash balance can be calculated using the formula,
Adjusted Cash Balance = Cash Balance – Deposits in Transit + Outstanding Balances
Using this formula, the adjusted cash balance for the given condition can be computed as,
Adjusted Cash Balance = 12150 – 6245 + 2835 = $8,290
Therefore, the option C holds true and states regarding the significance of an adjusted cash balance.
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The missing options to the question are added for better reference.
What is the adjusted cash balance per bank, if the cash balance per bank statement is $12,150; there are $6,245 of outstanding checks; and $2,385 of deposits in transit?
A $16,010
B $12,150
C $8,290
D $21,780
when an issue necessary to the development of the value opinion is uncertain as of the effective date of the assignment results of the appraiser will use:
The assignment results of the appraiser will use Extraordinary assumption. An extraordinary assumption is an assumption which if found to be false could alter the resulting opinion or conclusion.
What Extraordinary assumption ?A statement or condition that is presumed or assumed to be true and from which a conclusion can be drawn is referred to as an assumption.
An extraordinary assumption is one that, if proven false, could change the resulting opinion or conclusion. A hypothetical condition is a false assumption made for the purpose of discussion, analysis, or the formulation of opinions.
The distinction between the two lies in the assumption's potential veracity. A hypothetical condition is one that is known to be contrary to fact, whereas an extraordinary assumption is one that is simply unknown or uncertain.
The results of any hypothetical condition analysis are known to be unrepresentative of reality because the assumptions upon which they are based are false. The results of an analysis based on extraordinary assumptions may be inaccurate to the extent of the uncertainty underlying the assumptions upon which the analysis or opinions are based.
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for self-constructed assets, the costs incurred include labor, materials, and multiple choice question. overhead. depreciation expense. research and development. operating costs.
For self-constructed assets, costs include labor, materials, and overhead.
Assets are resources of economic value that are owned by individuals/companies and are expected to generate profits in the future. Meanwhile in the world of accounting, the notion of assets is the component of assets listed in the balance sheet and compared with the amount of liabilities (liabilities and equity).
Although many people use the term "asset" to refer to someone's property, in fact assets do not always have to be 100% owned by the holder. For example, a company has an operating machine whose ownership is 100% funded by debt. These operational machines are still treated as assets. However, in exchange the company incurs debt repayment costs in terms of liabilities.
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in the video, jason oxman, ceo of electronic transaction association, refers to the fact that some credit card car rental insurance programs do not cover particular types of cars and trucks. according to the text, this is referred to as a(n) coverage.
The fact that some credit card car rental insurance programs do not cover particular types of cars and trucks. according to the text, this is referred to as a(n) exclusion form coverage.
Exclusion Form refers to the form that is basically identical to the form that is attached as Exhibit B and is enclosed with the Full Notice. It must be properly filled out, signed, and submitted to Defendant by Claimants who seek to be excluded from the class action settlement. EXCLUSION FORM FOR OPERATORS Operator Exclusion Form shall be attached by Servicing Carrier. The rental insurance coverage known as renters' insurance, also referred to as tenants' insurance, offers some of the advantages of homeowners' rental insurance. Renters' insurance is substantially less expensive than a homeowners' policy because its primary purpose is to provide liability protection and defend against damages to the tenant's personal goods; it does not insure the actual house.
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the income and substitution effects account for: group of answer choices the upward sloping supply curve. the downward sloping demand curve. shifts in the demand curve. movements along a given supply curve.
The income and substitution effects account for the downward sloping demand curve.
What is demand curve ?A demand curve is a graphical form of the relationship between the price of a good or service and the quantity demanded over a period of time.In a typical representation, price is displayed on the left vertical axis and quantity demanded is displayed on the horizontal axis. The three basic properties are position, tilt and translation.Position is basically where the curve is located on this chart. For example, if a curve is placed on the far right of this graph, it means that demand for that product is high at a particular price. Changes in factors such as median income and preferences can cause the entire demand curve to shift left or right. This increases or decreases the quantity requested at a given price. Ceteris paribus assumption. The demand curve relates price and quantity demanded, assuming other factors remain unchanged.To learn more about demand curve from the given link :
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noah wants to quit his job and return to school for a mba degree at the end of two years. he plans to save and deposit $2,000 per month, beginning immediately from the beginning of first month. he will make monthly deposits in an account that pays 3% nominal interest (0.25% monthly). under these assumptions, how much will he have accumulated at the end of two years?
Noah has accumulated $49,529 under these assumptions after two years.
What is nominal interest?The nominal interest rate, also known as the nominal rate of interest, is one of two things: the rate of interest before inflation adjustment, or the rate of interest "as stated" without adjustment for the full effect of compounding. In banks and in the investment field, the nominal interest rate is frequently used to describe interest on various loans. For example, if the loan's nominal rate is 5%, you can expect to pay $50 in interest for every $1,000 borrowed. You'll pay $1,050 at the end of the year. The nominal interest rate (also known as the money interest rate) is the percentage increase in money you pay the lender for the use of borrowed funds.
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Elaine just accepted a new job and is working with the company's HR department to fill out
paperwork. Which of the following steps is she responsible for?
a. Determine how much tax to withhold from her paychecks based on W-4 information
b. Complete a W-4 form
c. Send withholding amounts to the
federal government
d. Complete a W-2 form
As a new person that has been accepted to the new Job that has to fill the HR of the company, what she is going to be responsible for would be to Complete a W-4 form.
What is a W-4 form?W-4 form is the term that is used to refer to the form that thet the people that are employed in a particular organization would have to fill. The form would have to tell the amount of money that the employee is to withhold from your pay as the tax that you are to pay to the government as your income.
The other term that the form is used to be called is the employee withholding certificate because of the work that the form is meant to achieve.
Hence we would have to say that the steps that Elaine is going to be responsible for filling would be the employee withholding for the business to take her federal taxes for the government.
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