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Setler [38]
4 years ago
11

What is the goal of retailers?

Business
2 answers:
Scilla [17]4 years ago
8 0

Answer:

the retailer’s main function is to provide merchandise in the right quality, quantity, price, time, and at the right place. The first task that a retailer has to perform is to identify the consumer needs and wants.

Explanation:

kvv77 [185]4 years ago
6 0

Answer:

The basic goal of a retailer is to get goods and services to the customers. They help to breach the gap between the producer and the customer.

Explanation:

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Mike Finley wishes to become a millionaire. His money market fund has a balance of $403,884 and has a guaranteed interest rate o
kipiarov [429]

Answer:

<u>Mike Finley</u>

t = 7.999983133 years rounded off to 8 years

<u>Sally Williams</u>

r = 0.110000123 or 11.0000123% rounded off to 11.00%

Explanation:

<u>Mike Finley</u>

To calculate the time period it will take Mike Finley to become a millionaire, we will use the formula of future value of cash flow. The formula for future value of cash flow is as follows,

Future value = Present value * (1+r)^t

Where,

  • r is the interest rate or rate of return
  • t is the time period in years

Plugging in the values for Future value, present value and r in the formula, we can calculate the t to be,

1000000 = 403884 * (1+0.12)^t

1000000 / 403884  =  1.12^t

2.475958444 = 1.12^t

Taking log on both sides.

ln(2.475958444) / ln(1.12)  =  t

t = 7.999983133 years rounded off to 8 years

<u>Sally Williams</u>

<u />

We will use the same formula for future value of cash flows as we used above to calculate the rate at which investment should be compounded annually to grow to $1 million.

1000000 = 209004 * (1+r)^15

1000000 / 209004 = (1+r)^15

4.784597424 = (1+r)^15

Taking root of 1 on both sides.

(4.784597424)^1/15  =  (1+r)^15 * 1/15

1.110000123  =  1+r

1.110000123 - 1 = r

r = 0.110000123 or 11.0000123% rounded off to 11.00%

7 0
3 years ago
Newton Company currently produces and sells 7,000 units of a product that has a contribution margin of $5 per unit. The company
mart [117]

Answer:

selling price= $25

Explanation:

Giving the following information:

Fixed costs= $78,000

Unitary variable cost= $11

Desited profit= $90,000

Break-even point in units= 12,000

<u>To calculate the selling price, we need to use the following formula:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

12,000= (78,000 + 90,000) / (selling price - 11)

12,000*selling price - 132,000 = 168,000

12,000selling price = 300,000

selling price= $25

8 0
4 years ago
Many manufacturers have quality control programs that include inspection of incoming materials for defects. Suppose a computer m
zimovet [89]

Answer:

Explanation:

There are total 5 batches and two boards are selected from each batch for inspection.

Let the boards are numbered from 1 to 5.

If the selected boards are 1 and 2, then it is represented in pair as (1, 2).

If the selected boards are 1 and 3, then it is represented in pair as (1, 3).

Similarly, other pairs can be obtained.

a) Let X be the number of defective boards observed among the two inspected.

If the boards 1 and 2 are the only defective boards in a lot of five, then

(1,2),x=2; (1,3),x=1; (1,4),x=1; (1,5),x=1;

(2,3),x=1; (2,4),x=1; (2,5),x=1;

(3,4),x=0;\ (3,5),x=0;\ (4,5),x=0.(3,4),x=0; (3,5),x=0; (4,5),x=0.

P(X=0)=  3/10 =0.3

P(X=1)={6 \over 10}=0.6P(X=1)=  6/10 =0.6

P(X=2)={1 \over 10}=0.1P(X=2)=  1/10 =0.1

b)

x                  0               1                    2

p(x)            0.3           0.6                0.1

​

​μ  X  =0⋅0.3+1⋅0.6+2⋅0.1=0.8

σ  X ² =(0−0.8)²  ⋅0.3+(1−0.8)²  ⋅0.6+(2−0.8)² ⋅0.1=0.36

μₓ=0.8, σX  =0.6

 

​

5 0
3 years ago
Patty Corporation holds 75 percent of Slider Corporation's voting common stock, acquired at book value. The fair value of the no
Marina86 [1]

Answer:

1) d. $175,000

2) b. $156,250

Explanation:

1. The computation of net income for 20X9 under the treasury stock method is shown below:-

Net income for 20X9 under the treasury stock method = Janet Operating income + Slider operating income

= $100,000 + $75,000

= $175,000

2. The computation of income assigned to the controlling interest for 20X9 is shown below:-

income assigned to the controlling interest for 20X9 = Janet Operating income + (Slider operating income × Remaining percentage)

= $100,000 + ($75,000 × 75%)

= $100,000 + $56,250

= $156,250

Therefore we have applied the above formulas.

5 0
3 years ago
Which statement is true?
gulaghasi [49]

the statement that is true is c

7 0
3 years ago
Read 2 more answers
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