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2 years ago

Which will help you make the most money without having to work for it? *

1 answer:

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People use banks to keep their money safe, but they also use banks to earn even more money. They usesavings accounts, which banks set up for you so you can save your money. So how do you make moneythrough a bank? The good ... in your account. Money moving to a bank as a deposit and coming out asinterest.

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Carmel Company has a frequent buyer program for its customers, where the customers can attain an "elite" level based on the numb

lisov135 [29]

Answer:

a.Titanium = $2,890,500

Platinum = $5,185,000

b. Platinum is more profitable

Explanation:

The computation of given question is shown below:

For Titanium

Total gross margin = 5,000 × $1,590

= $7,950,000

Salaries and bonus of Customer representative = ($68,000 × 5,000 ÷ 200) + (1% × $7,950,000)

= $1,700,000 + $79,500

= $1,779,500

Promotion cost = $2,850,000 × 80%

= $2,280,000

Excess of gross margin over customer costs = Total gross margin - Salaries and bonus of Customer representative - Promotion cost

= $7,950,000 - $1,779,500 - $2,280,000

= $2,890,500

For Platinum

Total Gross margin = 20,000 × $ 325

= $6,500,000

Salaries and bonus of Customer representative = ($68,000 × 20,000 ÷ 2,000) + (1% × $6,500,000 )

= $680,000 + $65,000

= $745,000

Cost of promotion = $2,850,000 × 20%

= $570,000

Since, 80% is allocated for promotion expenses of titanium so we assume 20% for Platinum

Excess of gross margin over customer costs = Total Gross margin - Salaries and bonus of Customer representative - Cost of promotion

= $6,500,000 - $745,000 - $570,000

= $5,185,000

B. Since, Platinum is higher than Titanium. So, Platinum is more profitable.

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2 years ago

On August 1, a $42,000, 7%, 3-year installment note payable is issued by a company. The note requires equal payments of principa

Anvisha [2.4K]

Answer:

b. $16,004.17

Explanation:

The bond pays annual interest of 7% over the 3 years. The annuity factor at 7% for 3 years is 2.6243. The amount of bond is divided by annuity factor to calculate the annual payment of bond. The payment includes bond principal repayment and interest payment. The first payment on July 31 will be for $16,004.17.

8 0

2 years ago

From 2001 to 2004, the U.S. government went from a budget surplus to a budget deficit. According to the open-economy macroeconom

notsponge [240]

Answer: Option (a) is correct.

Explanation:

Correct Option: The supply of loanable funds but not the supply of dollars in the market for foreign-currency exchange.

If the budget deficit increases, then U.S residents will want to purchase fewer foreign assets and foreign residents wants to buy more of U.S assets.

The budget deficit in the economy has to be financed either by borrowing or by increasing taxes. This budget deficit occurred because of the tax cuts and higher government spending.

If a country running a budget deficit, which lead to reduction in national saving. We all know that interest rate is determined in the loan market, where savers supply the loans to the private borrowers.

So, if there is a fall in the national saving, this will reduced the supply of loans from savers, which raises the interest rate in an economy.

This will attract the foreign flow of capital. This means that demand for domestic assets increases because of the higher interest rate.

Now, if foreign residents want to take an advantage of higher interest rate then they first have to acquire domestic currency.

Therefore, higher interest increases the demand for domestic currency in a market of foreign exchange.

4 0

2 years ago

The term product class refers to:________.

Aleks [24]

the industry a set of offerings belongs to.

3 0

2 years ago

You have two options for how to spend the afternoon. you can either go see a movie with your roommate or work as a tutor for the

erma4kov [3.2K]

Answer: Economic Surplus : $12

Explanation: Economic surplus is the difference between benefit and cost.

In this case, since he is working as a math tutor, he will get $45, there is no other cost. But if he goes for a movie, he will have to spend $12 on movie, which is the cost he needs to bear. The economic surplus is $12 which is not spent on the movie and worked as a math tutor.

5 0

2 years ago