It will take 32.55 months for the account to be paid off.
In this question, we have r = 1.40%, PMT = $500 and Present Value = $13,000.
We can use the nper formula in Excel to arrive at the answer.
The formula in Excel is : =nper(rate, pmt, pv,[fv],[type])
When we substitute the values in the question, the nper formula looks like this:
=NPER(0.014,500,-13000)
We enter the present value of the amount outstanding as a negative value, since excel considers the present value as an outflow (expense).
Answer:
conducts
Explanation:
a fuse consists of a metal strip of wire fuse element, of small cross-section compared to the circuit conductors, mounted between a pair of electrical terminals,and (usually) enclosed by a non-combustible housing. The fuse is arranged in series to carry all the current passing through the protected circuit.
Answer: market development
Explanation: In simple words, market development refers to a strategy under which an organisation tries to identify and develop a new market for gaining an absolute competitive advantage.
In the given case, Alfredo 's pizza has been realizing that the population of senior citizens has been increasing. Therefore they start making products as per the needs of their new customer base.
Hence from the above we can conclude that the company is using market development strategy for their growth.
Explanation:
1- One of the pieces of advice I could give the customer about lowering the balance sheet price is that this could generate different interpretations for the potential consumer, as there may be a perception that the price reduction of the product occurred due to the loss of product quality in relation to competing products.
2- There are other effective strategies for managing an economic crisis in addition to a direct reduction in the retail price, such as the psychological price strategy, which are the marketing techniques used by salespeople so that consumers respond emotionally to the product, and not a logical way, which generates a perception of greater benefit for the consumer, which can lead to increased sales without having to lower the price of the product.
