answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frutty [35]
2 years ago
7

If ty chooses a smart phone simply because he perceives it to be rated highest on megapixels, which he believes is the most impo

rtant attribute in a smart phone, he is using a(n) ________ to help make his purchase decision.
Business
1 answer:
Stels [109]2 years ago
7 0
If ty chooses a smartphone simply because he perceives it to be rated highest on megapixels, which he believes is the most important attribute in a smartphone, he is using a(n) lexicographic heuristic to help make his purchase decision. The study of heuristics analyzes how people make decisions when optimization is out of reach. It focuses on two questions, the first and descriptive, and the second is normative.
You might be interested in
Futura Company purchases the 40,000 starters that it installs in its standard line of farm tractors from a supplier for the pric
uysha [10]

Answer:

By producing the starters the company will save $20,000 per year.

Explanation:

                       production costs

direct materials                                      $3.10 per unit

direct labor                                             $2.70 per unit

supervision                                            $60,000

depreciation                                          $40,000

variable manufacturing overhead        $0.60 per unit

rent                                                         $12,000

total production cost                             $9.20 per unit

The engineer is wrong because he is considering fixed costs like depreciation and rent that should not be included because they are independent on whether this project is approved or not. Once you take away depreciation and rent, the cost per unit will fall by $1.30 [= ($40,000 + $12,000) / 40,000 units].

Since the production cost = $9.20 - $1.30 = $7.90, which is lower than $8.40 which is the purchase cost, the company should start producing the starters at least until its sales bonce back.

By producing the starters the company will save ($8.40 - $7.90) x 40,000 units = $20,000 per year

5 0
2 years ago
Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.
Elodia [21]

Answer:

August 2021:

                                                                                             Total Cost

Aug.1 Inventory on hand—3,200 units; cost $6.50 each.  $ 20,800

8 August  Purchased 16,000 units for $6.70 each.      $ 107200

14 August Sold 12,800 units for $13.20 each.             $ 165600

18 August  Purchased 9,600 units for $6.80 each.  $ 65,280

25 August Sold 11,800 units for $12.20 each.     $ 143,960

28 August Purchased 5,200 units for $5.80 each.  $ 30,160

31 August  Inventory on hand—9,400 units.

FIFO Ending Inventory $58,720

5,200 units for $ 30,160

4,200 units for $6.80 each.  $ 28,560

<em>FIFO Cost OF Goods Sold </em>

=$ 20,800 + $ 107,200+ $ 65,280+ $ 30,160 - $58,720= 223,400-$58,720 = <em>$ 164,720</em>

<em></em>

LIFO Ending Inventory $ 62340

3,200 units; cost $6.50 each.  $ 20,800

6,200 units for $6.70 each = $ 41540

<em>LIFO Cost OF Goods Sold </em>

=$ 20,800 + $ 107,200+ $ 65,280+ $ 30,160 -$ 62340= 223,400-$ 62340=<em>$ 161,100</em>

<em></em>

<em>Average Cost Ending Inventory = $223,400/ 34,000= 6.570</em>

<em>9,400* 6.570= $ 61,763</em>

<em></em>

Average Cost of Goods Sold = (Total Units - Ending Unit )* 6.57=

                                                            = $ 223,380

7 0
2 years ago
Assume that speculators purchased a futures contract at the beginning of the year. If the price of a security represented by the
tangare [24]

Answer:

If the price of a security represented by the futures contract <u>INCREASED</u> over the year, then these speculators would likely have purchased the futures contract for <u>LESS</u> than they can sell it for.

Explanation:

The whole idea behind securities trading is to buy cheap and sell at a higher price. The term speculator usually refers to an investor that only trades with securities to be able to make short term gains, they do not invest money as long term investments. There is nothing wrong with them, it a risky job that yields high gains or extreme losses.

3 0
2 years ago
A company has four project investment alternatives. The required rate of return on projects is 20%, and inflation is projected t
Alika [10]

Answer:

Project Anna is most beneficial project it should be on first Priority.

Order in which Project to be prioritised:

  1. Project Anna
  2. Project George
  3. Project Carol
  4. Project Thomas

Explanation:

* The Tables and requirement for this question is missing, both are attached with the answer. Please find it

Present Values:

Project Carol = ($51,571.5)  

Project George  = ($42,233.9)

Project Thomas  = ($272,802.7)

Project Anna  = $84,933.6

NPV Calculation is attache with the answer in MS Excel format Please Find That.

5 0
2 years ago
Moving Equilibrium. Show the effect of each on the monopoly market equilibrium; you don’t need to have exact answers but explain
liberstina [14]

<u>Answer:</u>

<em>a. Beef prices rise.</em>

<em></em>

<u>Explanation:</u>

Beef is commonly utilized as a supplement to tomatoes. When the cost of other commodities increases, the demand for it is a supplement, falls, this would make the interest bend, of tomatoes, move leftward side. This would move the minimal cost bend descending.

The appeal for a feast in a café will likewise expand the interest of the kitchen. This would build the excitement for tomatoes, and subsequently, the interest bend will move rightward.

On the off chance that a commentator applauds the nature of Ella's ratatouille, there will be an expansion sought after for ratatouille. Along these lines, the interest bend will move rightward.

8 0
2 years ago
Other questions:
  • The graphs below show the production possibilities frontiers for grapes and lemons in spain and argentina, with their current le
    6·1 answer
  • Windsor Hospital purchases $90,000 in surgical equipment on October 1, Year 1. The useful life is estimated to be 5 years, and t
    13·1 answer
  • Journalize the entries to record the following summarized operations related to production for a company using a job order cost
    11·1 answer
  • Suppose you are considering renting an apartment.​ You, the​ renter, can be viewed as an agent while the company that owns the a
    13·1 answer
  • Which of the following statements is CORRECT? The time to maturity does not affect the change in the value of a bond in response
    7·1 answer
  • Suppose it is discovered that the first zurvanites were influenced more by indian than by babylonian conceptions of cyclical tim
    12·1 answer
  • The Southern Division manager of Texcaliber Inc. is growing concerned that the division will not be able to meet its current per
    11·1 answer
  • Ellis Television makes and sells portable televisions. Each television regularly sells for $210. The following cost data per tel
    9·1 answer
  • In Ziva Jewelry v. Car Wash Headquarters, when a jewelry salesman left his car at a carwash, it was stolen with over $850,000 of
    5·1 answer
  • Consider historical data showing that the average annual rate of return on the S&amp;P 500 portfolio over the past 90 years has
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!