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Answer:
competition based pricing
Explanation:
When a company engages in a competition based pricing strategy, they will set the price of their products or services taking based on the price of their main or direct competitor. The product or service provided by the competitor is used to benchmark both the price and quality of the goods and services offered by the company.
For example, Coca Cola products are used as a price reference for all the soda products sold by other companies.
Answer:
1. Calculate the monthly payment for a 30-year mortgage loan.
we can do this by using the present value of an annuity formula
the loan's interest rate is missing, so I looked for a similar question and found that it is 6%
present value = monthly payment x annuity factor
monthly payment = present value / annuity factor
- present value = $200,000 (loan's principal)
- PV annuity factor, 0.5%, 360 periods = 166.79161
monthly payment = $200,000 / 166.79161 = $1,199.101082 ≈ <u>$1,199.10</u>
2. Calculate the amount of interest that you’d pay for a 30-year mortgage loan.
total interests paid during the 30 years = (monthly payment x 360) - principal = ($1,199.10 x 360) - $200,000 = <u>$231,676</u>
Answer:
The answer is $229,200
Explanation:
Cost of sales equals:
Beginning inventory plus purchases minus ending inventory.
Beginning inventory is $23,570
Purchases(net Purchase) is
Purchases $224,020
Add: Freight-In. $9,770
Minus: Purchase Returns. and Allowances. ($5,460)
Net Purchase:. $228,330
ending inventory is $22,700.
Therefore, cost of goods sold is:
$23,570 + $228,330 - $22,700
=$229,200