This is a demographic profile of the target market. Marketers use this profile to segment the entire market into target markets. They use things like demographics (age, race, income, education) to identify which markets are more likely to buy their products.
This whole process is called market segmentation.
Answer:
The time line from minting to the first sale is:
0-192
$15 - $430,000
we can use either the FV or the PV formula. Both will give the same answer since they are the inverse of each other. We will use the FV formula, that is:
FV = PV(1 + r)t
Solving for r :
r = (FV/PV)1/t - 1
r = ($430,000/$15)1/192 - 1
r = .0549, or 5.49%
The time line from the first sale to the second sale is:
0-35
$430,000 - $4,582,500
we can use either the FV or the PV formula. Using the FV formula, that is:
FV = PV(1 + r)t
Solving for r:
r = (FV/PV)1/t - 1
r = ($4,582,500/$430,000)1/35 - 1
r = .0699, or 6.99%
The time line from minting to the second sale is:
0-227
$15 - $4,582,500
we can use either the FV or the PV formula. Both will give the same answer since they are the inverse of each other. We will use the FV formula, that is:
FV = PV(1 + r)t
Solving for r, we get:
r = (FV/PV)1/t - 1
r = ($4,582,500/$15)1/227 - 1
r = .0572, or 5.72%
Answer: $1,982.40
Explanation:
The company's after-tax income using LIFO will be:
Sales = 306 × $63 = $19,278
Less: Cost of Goods Sold
132 × $49 = $6,468
174 × $47 = $8,178
Coat if goods sold = $14,646
Gross Profit = $19,278 - $14,646 = $4,632
Less: Operating Expense = $1,800
Income Before Tax = $2,832
Less: Tax = 30% × $2832 = $849.60
Income after Tax = $1,982.40
Answer:
17 times
Explanation:
Data provided in the given question :-
Net Sales = $1,250,000
Average account Receivable = $73,500
Net Income = $53,150
So, the accounts receivable turnover ratio is given below :-
Accounts receivable turnover ratio = Net sales ÷ Average accounts receivable
= $1,250,000 ÷ $73,500
= 17 times
Hence the net income is ignored for calculating the account receivable turnover ratio.
Answer:
5.75%
Explanation:
The computation of the yield on a bond with three years to maturity is shown below:
Given that
Yield on a one-year bond is 3%
The expected yield on one-year bonds for the next two years is 5% and 4%
And, the liquidity premium is 1.75%
So, the yield on a bond with three years to maturity is
= (3% + 5% + 4%) ÷ 3 years + 1.75%
= 4% + 1.75%
= 5.75%
