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yKpoI14uk [10]
3 years ago
9

Janice spends her weekends with her friends at shopping malls. She acknowledges that her weekend shopping outing is driven by bo

redom rather than any intention of making a purchase. She finds these outings interesting and relaxing. This is an example of _____.
Business
1 answer:
anzhelika [568]3 years ago
4 0

Answer:

The answer is experiential shopping.

Explanation:

Experiential shopping describes when customers go to retail spaces not to necessarily make purchases but to enjoy experiences offered by the retail spaces. The experiences include live music, art, massages, cafes and lounges, virtual reality e.t.c.

Jane does not necessarily have the intention of making purchases but does experiential shopping on weekends because she finds it interesting and relaxing (which resultantly makes her escape boredom).

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Which situation would result in a credit card issuer charging a late-payment fee? A cardholder pays off one credit card with a n
topjm [15]

Answer:

A cardholder fails to make a minimum payment one month.

Explanation:

A credit card late-payment fee is the fee charged by a credit card issuer because the card holder fails to pay his debt at the minimum payment deadline. This fee can be very  high up to $40 depending on the card issuer. Some card issuers charge very low payment fee or no payment fee at all, therefore if you know you are someone who forgets to pay debts at the due date use credit cards that charge low payment fees.

7 0
3 years ago
Use the following information to answer Questions 12 - 15. Below is selected data for Gertup Corporation as of 12/31/05: Gertup
alukav5142 [94]

Answer:

the cash that should be freed up is $267

Explanation:

The computation of the cash that would be freed up is shown below:

As we know that

The inventory turnover is

= Cost of goods sold ÷ average inventory

12 = $14,800  ÷ average inventory

So, the average inventory is 1,233

Now the cash that should be freed up is  

= 1,500 - 1,233

= $267

hence, the cash that should be freed up is $267

4 0
3 years ago
Problem 5-3 Future Value and Multiple Cash Flows [LO 1] Wells, Inc., has identified an investment project with the following cas
Fed [463]

Answer:

a. $6,562.52

b. $7,218.32

c.$7,843.64

Explanation:

The present value of the cash flows would be found first and after, the present value has been determined, the future value would be found

Present value can be calculated using a financial calculator

Cash flow in year  1 = $1,060

Cash flow in year  2 = $1,290

Cash flow in year  3 = 1,510

Cash flow in year  4 = $2,250

Present value when interest rate is 6% = $5,198.131267

Present value when interest rate is 14% = $4,273.825287

Present value when interest rate is 21% = $3,659.117655

Now we find the future value

Future value = present value ( 1 + r)^n

r = interest rate

n = number of years

a. $5,198.131267(1.06)^4 = $6,562.52

b. $4,273.825287(1.14)^4 = $7,218.32

c. $3,659.117655 (1.21)^4 = $7,843.64

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

3 0
3 years ago
Suppose you are going to receive $13,800 per year for six years. the appropriate interest rate is 8.7 percent. what is the prese
Dmitry_Shevchenko [17]

13.800 \times 6 \div 8.7\%
6 0
3 years ago
Which of the following options is a better purchase for a bicycle?
Bess [88]

Answer:

Option 3: $12 down with equal payments of $5 for 12 months

Explanation:

In option 1 :

The cost is $ 88,

In option 2 :

Down payment = $ 5,

Weekly payment = $ 8,

Number of weeks = 10,

So, the total cost = 5 + 8 × 10 = 5 + 80 = $ 85,

In option 3 :

Down payment = $ 12,

Monthly payment = $ 5,

Number of months = 12,

So, the total cost = 12 + 5 × 12 = 12 + 60 = $ 72,

In option 4 :

Down payment = $ 20,

Monthly payment = $ 20,

Number of months = 12,

So, the total cost = 12 + 20 × 12 = 12 + 240= $ 252

∵ 72 < 85 < 88 < 252

Hence, option 3 is better.

6 0
4 years ago
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