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galben [10]
3 years ago
13

A firm organized on the basis of retail customers and wholesale customers utilizes the concept of departmentalization by

Business
1 answer:
lilavasa [31]3 years ago
3 0

Answer:

Customer

Explanation:

In customer departmentalization, departments are basically separated from each other based on the types or groups of customers that needs to be handled or dealt with. For instance, customers can be classified under types such as, bulk purchasing or wholesale customers, retail customers, etc.

To handle them in a better way each group of customers needs different tactics and strategies. Therefore, customer deparmentalization serves the purpose of the firm that is organized on the basis of retail customers and wholesame customers.

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You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use
Marysya12 [62]

Answer:

1. In option (a), the dealer would charge $18,213.54.

b. In present value terms, the one-time payment (option (b) is a better deal for the purchaser.

Explanation:

a) Data and Calculations:

Monthly payment for a used car = $620

Payment period = 20 months

Additional payment at the end of 20 months = $12,000

Annual interest rate = 24%

One-time payment for the car purchase = $16,864

From an online financial calculator, the present value of the payments is:

N (# of periods)  20

I/Y (Interest per year)  24

PMT (Periodic Payment)  620

FV (Future Value)  12000

Results

PV = $18,213.54

Sum of all periodic payments = $12,400.00

Total Interest = $6,186.46

3 0
3 years ago
"The type of retirement plan that gives the employer flexibility as to the amount contributed annually is a(n):"
Veseljchak [2.6K]

Answer:

SEP-IRA

Explanation:

It's a retirement savings plan made by employers including people that are self-employed for the benefit of their employees and themselves. The employer may make tax-deducible contributions for certain employees towards their SEP-IRA    

4 0
3 years ago
HELP ASAP Many employees quit working for Burger Bliss after six months, and the
Alja [10]

Answer:

D. The company tells employees that their work matters.

Explanation:

Every employer desires to attract and retain the best workers.  Employees are more likely to stay in an organization for longer if they feel appreciated. Other than monetary compensation, employees feel motivated to work when their efforts and contributions are recognized.

Burger Bliss should let their employees feel important. They should communicate to employees both in words and actions how much the company values their input.

8 0
3 years ago
Which action will help increase a low FICO score?
Andreas93 [3]
Reducing credit card balances is the <span>action will help increase a low FICO score. 

</span>The FICO mortgage score is between 300<span> and </span>850<span>. Higher scores indicate lower credit risk. Each individual actually has 65 credit scores for the FICO scoring model because each of </span>three<span> national credit bureaus, Equifax, Experian and TransUnion, has its own database.</span>
8 0
2 years ago
Interest-on-Interest Consider a $1,500 deposit earning 4 percent interest per year for 7 years. How much total interest is earne
valentina_108 [34]

Answer:

<em>Interest earned </em>     =   $420

Explanation:

T<em>he total worth of the investment after the the investment period compounded at certain rate  is called the Future Value.</em>

Future Value= Principal + compounded interest i.e

FV = P × (1+r)^n

r- rate, FV- future value , n- period

FV = ? , P -1,500, r- 4%, n-7 years

FV = 1,500  ×1.04^(7)

FV = 1973.897669

<em>Interest earned (compound intrest) = FV - Principal amount</em>

                         = 1973.897669 - 1,500

                        =  $473.89

Without interest earning interest.

The amount of interest earned will be computed on the principal only

Interest earned = $1,500× 4%× 7

                         = $420

7 0
3 years ago
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