Answer:
Income statement will have an increased expense of $4.8 million and Revenue and cost of goods sold will decrease. In balance sheet the inventory will be decreased by the amount of crib toy inventory available.
Explanation:
Income Statement will show an expense of $4.8 million in this period as the cost of recall of inventory due to health hazard. Also sales and cost of goods sold will decrease by the amount of sales of crib toy in sales and by the amount of crib toys cost in cost of goods sold and will ultimately result in decrease in a gross profit of a company.
In the Balance Sheet the amount of Inventory will be decreased by the amount of crib toys available in stock.
In this scenario, we have committed an error related to Procedural justice
Procedural justice refers to way of ensuring fair justice by making decisions according to fair processes to ensure fair treatment.
According to this justice rule, the same rule must be applied to similar scenario and must be impartial as well in order to ensure fair justice.
In conclusion, we have committed an error relating to procedural justice because the rule that was <em>applied to Julio </em>was <em>not applied to John</em>, therefore, there was a bias in justice.
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Answer:
C. <u>Post purchase</u><u> </u><u>behavior</u>
Explanation:
Whenever a consumer buys a product, he/she undergoes various stages between the creation of need/want and the ultimate purchase decision.
5 stages have been stated under Consumer buying decision, namely,
- Need recognition : the foremost stage wherein a need or desire arises.
- Information search: Here, the consumer searches for information w.r.t how the need or want can be satisfied.
- Evaluation of alternatives: The stage wherein a consumer weighs pros and cons of all available alternatives which can satisfy the need.
- Purchase: The stage wherein a consumer finally purchases a product.
- Post purchase behavior : Here, the consumer evaluates his purchase and reviews his purchase decision.
In the given case, the customer already bought both the wines. Her opinion regarding superiority of quality and taste between the two, represents her post buying stage of purchase decision and her review of the viability of purchase decision.
Answer:
The answer is: Detroit $196.87
Explanation:
We first must add the cost of visiting the five cities:
Detroit $196.87
Pittsburgh $180.32
St. Paul $102.87
Cincinnati $155.81
<u>Richmond $211.86 </u>
Total cost $847.73
Then we find what is the difference between the total cost and the road trip budget: $847.73 - $652 = $195.73
The cheapest city that Richard can drop is Detroit, by doing so his total expenses will be $650.86, which is below his budget.
Answer:
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