Answer:
When Terry fed her dog, she noticed that only one can of Alpo Beef Chunk Dinner remained. Since it was the only kind her aging dog ate, she stopped at the supermarket and bought a case of Alpo Beef Chunk Dinner dog food. She used habitual decision making process to replenish her stock of can.
Explanation:
As we have seen that Terry feeds her dog with only Alpo Beef Chunk, she don't consider any other option, product and brand, therefore, she needs very less search and almost no evaluation of any other option available in this product category. In this kind of decision making consumers needs very less information about the product because they know what they are going to purchase and they are very less bothered about the other options. Consumers feel almost no frustration in searching for the information and looking into the shelves for the other brands, they just go straight to the racks and pick their products up. Consumers saves their time by using this kind of decision making. In this kind of decision making, human brain form certain patterns, develop habits and therefore, saves energy.
Answer:
Since this whole sales agreement is about a car, then it falls under the statute of frauds. Any sales contract or offer for any amount of $500 or more needs to be signed. We are not told the final price of the car, but if we consider that only the discount was $500, then we can assume that the price of the car was higher than that. Since the note was not signed, then the promise is not valid.
Answer:
$458.12
Explanation:
Net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-160,000
Cash flow each year from year 1 to 3 = $54,000
cash flow in year 4 = $54,000 + $11,000 = $65,000
I = 15
NPV = $458.12
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
7.4%
Explanation:
Coupon rate=coupon payment/face value
The coupon payment can be ascertained using the pmt Excel function as stated below:
=pmt(rate,nper,-pv,fv)
rate is the yield to maturity expressed in semiannual terms i.e 6.9%*6/12=3.45%
nper is the number of semiannual coupons the bond would pay over its 22.5 years i.e 22.5*2=45 payments
pv is the current price of $1057
fv is the face value of $1000
=pmt(3.45%,45,-1057,1000)=$37(semiannual coupon)
annual coupon=$37*2=$74
coupon rate=$74/$1000=7.4%
I believe it should be lack of investment
