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3 years ago

Which type of debt is the least attractive for a consumer

1 answer:

6 0

Usually, unsecured debt is least attractive for consumers because it carries a higher interest rate than the others. In secured debt, including a mortgage, the lender has collateral that can help offset the cost of a loan if the consumer defaults; therefore it is less risky for the bank and they charge a lower rate. In an unsecured debt, like credit cards, the bank has no collateral to collect and the debt is more risky for them.

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You are the owner of a smoothie shop in California. Afterhearing a podcast about customer relationship management (CRM), youdeci

Svetach [21]

Answer:

Average Customer Retention rate = 80%

Average Value of Sales per year per customer = $120

Average customer acquisition cost = Customer acquisition oriented market expenses per month/

number of new customers acquired per month

$=\frac{1000}{25} = 40$

Average customer retention cost = $75

CLV =[1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)

$= [1/(1-0.8)] x 120-(40+75)$

=$485

A) Average customer retention rate =90%

B) Average value of sales per year per customer = $125

C) Average customer acquisition cost =$60

D) Average customer retention cost =$100

CLV = [1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)

$= [1/(1-0.9)] x 125 - (60+100)$

E) Customer Lifetime Value = 1090

Explanation:

Here are the spreadsheets.

3 0

3 years ago

Mariah works at a daycare center. She makes $17 per hour and works about 36 hours each week. What type of wages does she earn?

Harrizon [31]

Answer:

Hourly

Explanation:

Hourly because it says she's paid by the hour.

4 0

3 years ago

Read 2 more answers

A requirements contract is too vague to be a legally-enforceable agreement. Group of answer choices True False

Akimi4 [234]

FALSE

i hope this helps you :)

6 0

2 years ago

4. Malik's father recently died. His dad had an insurance

Salsk061 [2.6K]

The type of insurance money that Malik has received indicates life insurance and the correct option is D.

<h3>What is life insurance?</h3>

Life insurance is an agreement wherein a policyholder will pay everyday premiums in alternate for a lump-sum demise benefit that can be paid to the policyholder's beneficiaries. The lump-sum gain is paid while the policyholder passes away or a selected amount of time has passed.

Hence, The type of insurance money that Malik has received indicates life insurance and the correct option is D.

learn more about life insurance here:

brainly.com/question/1373572

#SPJ1

7 0

2 years ago

Plummer Industries purchased a machine for $43,800 and is depreciating it with the straight-line method over a life of 8 years,

tensa zangetsu [6.8K]

Answer:

$2,580

Explanation:

Depreciation = (Cost - Residual Value)/ Useful life

Yearly depreciation = ($43-800 - $3000)/8 = $5100

At the end of Year 5, total depreciation would be = $5100 X 5 = $25,500

Net book value at the end of year 5 = $43,800 - $25,500 = $18,300

Year 6, the extra ordinary repair that extended the useful life would be capitalized. Book value = $18,300 + $7,500 = $25,800

As 5 years have been expended, the remaining useful life would be 15-5 = 10 years

Depreciation expense year 6 = $25,800/10 = $2,580

7 0

3 years ago