Review the liabilities section of the balance sheet for rings and things. Liabilities

Balance on loans:$925

Payroll:$1,000

(1 salesperson who works 20 hours/month)

Total:$1,925

What problem can you identify with the payroll information, particularly as it relates to how much the one employee gets paid? What solution would u offer Janet and Omar?

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; communication channel;

answer; automated fingerprint;