Answer:
$1,875
Explanation:
Given that,
Amount of note receivable = $50,000
Time period = 6 month
Interest rate = 9%
Interest amount:
= Principle amount × Interest rate × Time period
= $50,000 × 0.09 × (6/12)
= $2,250
Interest Accrued from 1 August to 31 December :
= (Interest amount ÷ 6 months) × 5 months
= ($2,250 ÷ 6 months) × 5 months
= $375 × 5 months
= $1,875
Answer:
Sales This year will be $180,800
Explanation:
Total Sales Last Year = $160,000
Growth rate of sales = 13%
Sales This year = Total Sales last year x (1+Growth rate)
Sales This year = $160,000 x (1+13%)
Sales This year = $160,000 x (1+0.13)
Sales This year = $160,000 x 1.13
Sales This year = $180,800
Answer:
Marketing, sales and customer service
Explanation:
Customer relationship management (CRM) is a business strategy implemented across the entire company that is aimed at improving the company's income, profit, lower cost and increase customer loyalty based on the principle of putting the customer first in management decisions. CRM combines actions, methodologies, and technologies that establishments utilize for managing and analyzing customer correspondence and information within a customer's period of doing business with the establishment so as to improve customer retention, service, and relationship as well as to improve sales.
Answer:
$1,500
Explanation:
Given the compounding formula 
And given an investment (P), made at 16% compounded annually (r), and an ending amount of $1,740 (A) at the end of the year (n = 1 year), the original amount invested (P) can be computed as follows.
= P = 1,740/1.16 = 1,500.
Therefore, the original investment was $1,500.
