Answer:
Making inquiry and research
Explanation:
When one is faced with the need to validate if an idea is the need of the customer, an inquiry and research should be made.
Meeting the need of the customers the the goal of all businesses so as to generate more revenue. This is the reason why most companies invest heavily on Research and Development.
There is need to research into the needs of the customers and the best means of meeting those needs.
Also, one can also study the industry as a whole to deduce how other firms are satisfying the needs of the customers.
$2,095.30 interest will she pay by the time the loan is repaid
Solution:
The $5,500 guaranteed Stafford loan is taken from Gertrude.
The loan has a monthly compounding interest rate of 6.8 percent.
Price current= $5,500.
Present Value = $5,500
Time period = 10 years
So , N = 10 x 12 = 120 months.
Interest rate, R = 6.8/1200 = 0.005666667
PV = Pmt * [1 - (1+R)^(-N)]/(R)
5500 = Pmt * [1 - (1+0.005666667)^(-120)]/(0.005666667)
Pmt = $63.29418157
She got full refund. = 63.29418157 x 120 = $7,595.30
Interest paid = Total repayment - Loan Principal
= $7,595.30 - $5,500
= $2,095.30
The anserw is that you have to add 60+20+20+60+50+20
Answer:
$414,070
Explanation:
Calculation to determine the cost of merchandise sold for October
Merchandise inventory, october 1 $ 98,560
Add: Purchases $433,880
Add: Transportation in $7,620
Less: Purchase return and allowances $12,760
Less: Purchase discount $9,900
Less: Merchandise inventory, october 31 $102,330
Cost of merchandise sold $414,070
Therefore the cost of merchandise sold for October will be $414,070
Answer:
$205,200
Explanation:
Calculation of Pension Expense
Service Cost $198,000
Interest cost $33,000
Expected return on the plan assets <u>($25,800)</u> (258000*10%)
Pension Expense <u>$205,200</u>
So therefore, the pension expense for the year is $205,200.