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amid [387]
3 years ago
8

Laura borrowed $48,000 at a 6% interest rate for 7 years. what was the total interest?

Business
1 answer:
Mrrafil [7]3 years ago
7 0
Principal Amount P = $ 48000 
Rate of interest r = 6% = 0.06 
Time interval t = 7 
Formula for Interest I = P x r x t => I = 48000 x 0.06 x 7 => I = 2880 x 7 
Total Interest for seven years would be $20,160
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Phoebe, a sales representative, is so excited during her sales presentation that she does not hear the customer's question corre
Westkost [7]

Answer:

<u>Selective Perception </u>

Explanation:

Selective perception refers to a psychological state wherein, an individual perceives and comprehends only that information he/she finds desirable, thereby ignoring the rest of the information during communication.

So, any of the viewpoints or ideas which appear conflicting to one's own are ignored and discarded under such a psychological state.

In the given case, Phoebe got excited during her presentation that she missed out upon hearing customer's questions. In such a state of excitement, her mind only perceived what she desired, thereby ignoring anything which appeared undesirable.

So post providing inappropriate answers, she went on with her presentation , i.e she got carried away in excitement. Such psychological state indicates the operation of selective perception.

6 0
3 years ago
Suppose you are the manager of a watchmaking firm operating in a competitive market. Your cost of production is given by C = 200
irga5000 [103]

Answer:

1. 20 units

2. $600

Explanation:

1. C = 200 + 2q^{2}

MC = 4q

Price, P = $80

For maximizing profits,

Marginal cost =  Price of the commodity

4q = 80

q = 20 units

C = 200 + 2q^{2}

C = 200 + 2(20)^{2}

         = 200 + 800

         = 1,000

2. Profit = Total revenue - Total cost

             = (Price × Quantity) - TC

             = (80 × 20) - $1,000

             = $1,600 - $1,000

             = $600

3. We know that the firm in the short run will be produce at a point where total revenue is greater than the total variable cost

Average variable cost = variable cost ÷ quantity

                              =\frac{2Q^{2}}{Q}

                                     = 2Q

MC = 4Q

Here,  MC is greater than AVC at any given point.

so in the short run firm will producing short run positive profit.

4 0
3 years ago
The cost of securing public safety during protest activities is the primary responsibility of ________.
ELEN [110]
The answer is state and local governments.

Hope this helps
6 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
2 years ago
Sometimes consumers have second thoughts after buying goods that are expensive, infrequently purchased, or associated with a hig
frosja888 [35]
<span>This is an especially critical time for marketers, as their customers are dealing with buyer's remorse. Marketers may struggle to sell more goods or products to consumers, especially if the products are expensive. Consumers will not want to risk buying something they will regret again, so they will be less willing to spend money. The marketer must figure out a way to convince consumers to spend money or their profits will suffer. Engaging advertisements are a good solution to this problem.</span>
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3 years ago
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