Answer:
The answer is C: the matrix requires at least three years worth of data.
Explanation:
The Boston Consultinf Group (BCG) Matrix does not require three years worth of data.
Steps in performing
Step 1. Choose the unit
Step 2. Define the market
Step 3. Calculate relative market share
Step 4. Find out market growth rate
Step 5. Draw the circles on a matrix
Answer:
Annual deposit= $2,186.69
Explanation:
Giving the following information:
Future value= $10,000
Number of peridos= 4 years
Interest rate= 9% compounded annually
<u>To calculate the annual deposit required, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (10,000*0.09) / [(1.09^4) - 1]
A= $2,186.69
Answer:
C.) $3,540
Explanation:
The loan borrowed is the Principal = $88,500
Interest rate per year = 12% or 0.012 as a decimal
Interest accrued formula = Principal * rate * time
Note: time will be from Sep1 - Dec 31 = 4 months or 
years
Interest accrued = 88,500 * 0.012 *
Interest accrued = 3,540
Therefore, as of December 31st, 2014, $3,540 would be the interest accrued hence choice C is correct.
