Which of the following statements about durable goods is true?
A) Durable goods are more likely than perishable goods to involve low-involvement decisions.
B) The information search is quicker for durable goods than it is for nondurable goods.
C) Consumers purchasing durable goods are likely to use habitual decision making.
D) Product evaluation is more likely to take place for nondurable goods than for durable goods.
E) Durable goods provide a benefit over a long period of time.
E
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Shady Equipment sells a truck to Fred for $100,000 on January 1, 2016. Payment of $100,000 is received two years later and interest is paid at the end of two years. The truck is delivered two years later. The market rate of interest is 8%
Refer to Shady Equipment. How much sales revenue will Shady report on January 1, 2016? A) $0.00 B) $100,000 C) $66,640 D) $50,000
The receivables turnover ratio is calculated as:
a. 365 ÷ Average Receivables. b. Average Receivables ÷ 365. c. Cash Sales ÷ Average Receivables. d. Credit Sales ÷ Average Receivables.