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:
aspiration reference group
Explanation:
Aspiration reference group -
It refers to as one of the bifurcation of the reference group , where the person whom a person looks forward to be associated , but does not belong , is referred to as the aspiration reference group .
A reference group is the one which the individual or any specific group want to get associated .
Hence , from the given information of the question ,
The correct answer is aspiration reference group .
Answer:
The amount that has to be deposited today is $6205.63
Explanation:
The given parameters are;
The annual interest rate for the first 5 years = 4 percent
The annual interest rate for the next 4 years = 4.6 percent
The annual interest rate for the final 8 years = 5.3 percent
Let the amount deposited be X, we have;
X × (1 + 0.04)⁵ + X × (1 + 0.04)⁵×(1.046)⁴ + X × (1 + 0.04)⁵×(1.046)⁴ ×(1.053)⁸ = $30,250
X ((1.04)^5 + (1 + 0.04)^5×(1.046)^4 + (1 + 0.04)^5×(1.046)^4 ×(1.053)^8) = $30,250
X × 4.875 = $30,250
X = $30,250/$4.875 = $6205.63
The amount that has to be deposited today = $6205.63.
Answer:
Trina's Trikes have equity of 5.03 million
Explanation:
Debt to equity ratio is the rate of debt as compared to equity of the firm.
We can calculate the amount of equity by using formula of debt to equity
Debt to equity = Total Debt / Total equity
1.83 = 9.2 million / Total equity
Total Equity = 9.2 million / 1.83
Total Equity = 5.03 million
Answer:
Ending cash balance = $13,000
Explanation:
<em>A cash budget is statement that shows the estimated cash receipts and the estimated cash payments for a forth coming accounting period. In addition, it provides information about the expected cash balance for the period to which it relates.</em>
With help of a cash budget, a business can plan ahead for the usage of its surplus funds and how to finance its deficit cash position
Ending cash balance = Beginning cash balance + cash receipts - cash payment
= 3,000 + 50,000 - 40,000
Ending cash balance = $13,000
