Answer:
b. Used to estimate how fast prices will double using a given annual inflation rate
Explanation:
Rule of 72 is a fast statistical method to determine how long an investment will double given annual interest rate.
Simply divide 72 by the annual interest rate.
Alternatively it can be used to calculated annual rate of return required to double investment.
Alternatively it can be used to calculate annual rate of return required to double an investment.
For example if $1,000 is to be doubled in 5 years.
Years to double= 72/ Interest
Interest= 72/5= 14.4%
Answer:
3%
Explanation:
Given the following :
Purchased merchandise = $43,338
Number of payments required = 6
Payment per period = $8,000
PV factor (PVIFA) = (purchased merchandise / payment per period)
PVIFA = (43,338 / 8000) = 5.41725
Using the PVIFA table, we locate the interest rate on PVIFA factor of 5.41725 for a period of 6 years.
For PVIFA of 5.4172, the interest rate is 3%
Hence the implicit Interest t rate = 3%
PVIFA = [1 - (1+r)^-n] ÷ r
To make the baggage handling process faster and simpler for travelers, a data analyst uses a gap analysis.
<h3 /><h3>What is a gap analysis?</h3>
Corresponds to a performance evaluation technique, where a professional is responsible for evaluating the way processes are being carried out in an organization, to determine their efficiency, developing an analysis of needs to increase quality.
Therefore, a gap analysis aims at the continuous improvement of processes through environmental assessment, in order to achieve total quality.
Find out more about gap analysis here:
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Communication strengthens work relationships because it gets your point across and solves unspoken issues . It increases work productivity because everyone ideas can be taken into consideration
<span>Price. Is one of the 4P's in the marketing mix is most directly related to discounts and allowances of purchased products in a B2B transaction. Due to discounts and allowances having to do with the price of the product or </span>service the business can related to this within the marketing mix. All transactions that have to do with discounting relate to the price of the good or service being sold.
