Answer:
$8187
The CD has a rate of 6.55%. This rate is always annual. then, the interest paid for a year is $65.500. (360 days)
As the CD has a term of 45 days only the final interest paid is $8187
Answer:
$54,078.85
Explanation:
This is a Time Value of Money question, We are required to find the Payment (Pmt) from the following given parameters :
Pv = $250,000
i = 8%
n = 6
P/yr = 1
Fv = $ 0
Pmt = ?
Pmt = <em>$54,078.85</em>
Therefore Payment per year is <em>$54,078.85</em> (using a financial calculator)
Answer: Not necessarily
Explanation:
Consumer purchase decisions are dependent on multiple factors such as price, income and preference. It could be that the customer purchased the Kia because the price was less than that of the Honda and so she wanted to save and costs and bought the less expensive choice.
It could also mean that the Kia was all she could afford based on her income so she bought that. It could however also mean that the Kia is her preference as compared to the Honda so she chose that instead.
It is therefore not a foregone conclusion that she bought the Kia simply because she preferred it. More information would be needed to reach that conclusion definitively.
Answer and Explanation:
Dynamic expenses are pointed to as operating expenses that are the production cost and important to run a business.
common example of the variable cost that depends on sales volume.
- The cost of goods sold, that is the equivalent of goods sold to consumers.
- Commissions charged from their selling to salespersons.
- Fees charged by a company when a customer requires a credit or debit card.
so, we say that when a business increase or decrease their sale volume, their variable cost also gets affected.
If you had set the price of $17 per book among your friends
in a trade, the likely result would be that there will be a presence of surplus
books in which if the required is met, left overs will likely be produced
because of supply over the demand.
