Lucas always seems to "know" exactly what to do in any given situation. At least that's what he'll tell you
But his ideas don't always work and his overall performance as scored by his supervisor isn't nearly as great as he thinks it is. Lucas is exhibiting the ________.
A) selective perception bias
B) the anchoring effect
C) self-serving bias
D) overconfidence bias
Answer: D
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Costco Wholesale claims that Costco members prefer its Kirkland brand toilet paper over the leading national brand. To test this claim, Costco recorded the preferences of a random sample of customers which are summarized in the table below
Preference Number of CustomersKirkland brand 38National brand 20No preference 5The mean for the sampling distribution for this hypothesis test is ________.A) 29.0 B) 32.0 C) 36.5 D) 38.0
Crush Enterprises purchased 500,000 of the 1,000,000 outstanding shares of Carly Casualties for $4,500,000 on 1/1/16. On the date of the investment, Carly had net assets with a book value of $9,500,000 and fair value of $10,000,000. This difference is the result of equipment (remaining 10 year life) with a higher fair value than book value. Crush has significant influence over Carly and will
account for this investment using the equity method. During the year, Carly declared dividends of $125,000 and reported Net Income of $1,300,000. Prepare all necessary journal entries for Crush related to this investment. Then, calculate the ending balance in the Investment in Carly account. What will be an ideal response?