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andreev551 [17]
1 year ago
9

Lamar has just gotten a new job and is attending a company party where he will meet his colleagues for the first time. His boss

escorts him around to small groups to introduce him. At the first group, Lamar meets four people and is told only their first names. The same thing happens with a second group and a third group. At the fourth group, Lamar is told their names and that one of the women in the group is the company accountant. A little while later, Lamar realizes that he only remembers the names of the people in the first group, though he also remembers the profession of the last woman he met (the accountant). Lamar's experience demonstrates
Business
1 answer:
a_sh-v [17]1 year ago
3 0

Lamar's experience demonstrates retroactive interference.

<h3><u>Explanation:</u></h3>

When a person tries to recall some information that are older in nature and comes to know about some recent information it refers to Retroactive interference. For instance you may call the name of your grandmother with the name of your mom. There will be a retroactive interference with the two names.

This happens when you forget some tasks that are learnt in past because of the learning of new tasks. In the given example, Lamar only rememnbers the names of the people in the first group and remebers the profession of the last women met by him. His experience demonstrates retroactive interference.

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Answer: Absolute reference

Explanation:

When working on the computer system using Microsoft Excel and the operator wants to fix the position of a chosen cell in any formula in order for there not to be a change in value whenever the cell is changed or when the formula is copied to other sheets or cells, ABSOLUTE REFERENCE is used.

To use absolute reference, the dollar (“$”) sign is placed before and after the name of the column of the chosen cell. It can also be done by typing F4 key as this will cover the column name with the dollar sign. Since Ellen's monthly income is thesame, she can use an absolute reference.

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2 years ago
What makes data mining an important business tool? What types of information does data mining produce? In what type of circumsta
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Explanation:

Data mining is a technique in data analysis that allows users determine faster and one of the strategic business intelligence techniques. Data mining enables users to analyze large amounts of data and to identify hidden links within data not known otherwise.  

For example, data mining might reveal that a consumer buying product X is ten times as likely to buy the product

Data mining finds information such as:

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Whether hunting at new products and services or seeking new marketing strategies or new markets, I would suggest to a company that uses data mining. Data mining can be useful if unforeseen business issues whose sources are hard to identify are being studied.

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1 year ago
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Which of the following is NOT an example that falls within the four major categories of business environment factors for today's
oksano4ka [1.4K]

Answer:

c. fewer government regulations

Explanation:

  • All except the fewer government regulations on the trade of the companies that affect the today's business environment and the word organization. The globalization and the increased play a major role in the collection of the internal and the external factors the customer needs and the expectations that affect the firm's price availability.
5 0
2 years ago
The Nelson Company has $1,750,000 in current assets and $700,000 in current liabilities. Its initial inventory level is $490,000
aleksley [76]

Answer:

(a) Short-term debt can increase by a maximum of $466,666.67 without pushing its current ratio below 1.9

(b) The firm's quick ratio after Nelson has raised the maximum amount of short-term funds is 1.34

Explanation:

Current assets = $1,750,000

Current liabilities = $700,000

Initial inventory level = $490,000

Current ratio = Current assets ÷ Current liabilities

= $1,750,000 ÷ $700,000 = 2.5

1.9 = (Current assets + \Delta{NP) ÷ (Current liabilities + \Delta{NP)

1.9 = ($1,750,000 + \Delta{NP) ÷ ($700,000 + \Delta{NP)

1.9 × ($700,000 + \Delta{NP) = ($1,750,000 + \Delta{NP)

$1,330,000 + 1.9\Delta{NP = $1,750,000 + \Delta{NP

0.9\Delta{NP =  $1,750,000 - $1,330,000

\Delta{NP = $466,666.67

Short-term debt can increase by a maximum of $466,666.67 without pushing its current ratio below 1.9

Quick ratio = (Current assets - Inventories) ÷ Current liabilities

= $937,500 ÷ $700,000

= 1.34

5 0
1 year ago
On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: a.
vazorg [7]

Answer:

Explanation:

Sharon Matthews/ Tri-City Realty

A. Journal entries

1. Owners start up capital

Debit Capital account with $40,000

Credit Cash account with $40,000

2. Rent of Office and Equipment

Debit Rent of Office and Equipment Account with $6,000

Credit Cash Account with $6,000

3. Supplies Purchased.

Debit Supplies Account with $3,200

Credit Accounts payable with $3,200

4. Part payment of Creditors balance

Debit Accounts payable with $1,750

Credit Cash with $1,750

5. Fees earned

Debit cash with $18,250

Credit Fees earned with $18,250

6. Automobile & miscellaneous expenses

Debit automobile expense with $1,880

Debit miscellaneous expense with $420

Credit cash with $2,300

7.Office salary

Debit Office Salary Account with $5,000

Credit Cash with $5,000

8. Supplies expensed

Debit Supplies expense account with $1,400

Credit supplies account with $1,400

9. Capital drawings

Debit Capital drawings with $2,000

Credit Cash with $2,000

B. Account Balances

Fees Received $18,250

Supplies expense $1,400

Office salary $5,000

Automobile expense $1,800

Miscellaneous expense $420

Rentals of Office & equipment $6,000

Payables (opening) = $3,200

Less Cash payment = -$1,750

Payables (closing) = $1,450

Capital Account = $40,000

Less drawings -$2,000

Capital (closing) = $38,000

Cash Account = $40,000 - $6,000 - $1,750 + $18,250 - $1,880 - $420 - $5,000 - $2,000 = $41,200

Supplies (opening) = $3,200

Supplies expensed = $1,400

Supplies (closing) = $1,800

C. Trial balance of Tri-City reality

Fees Received -$18,250

Supplies expense $1,400

Office salary $5,000

Automobile expense $1,880

Miscellaneous expense $420

Rentals of Office & equipment $6,000

Accounts payable -$1,450

Supplies $1,800

Cash $41,200

Capital -$38,000

Net income -$3,550

Total $0

D. Net income statement

Revenue $18,250

Less Expenses -$14,700

Net income $3,550

E. Change in owners equity

Capital Account = $40,000

Less drawings -$2,000

Capital (closing) = $38,000

7 0
1 year ago
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