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bekas [8.4K]
3 years ago
5

Peter has $50 to buy towels. The store has two brands: one set costing $30 and another set, of nicer quality, costing $45. He de

cides to buy the more expensive towels. The reason Peter might make this decision is because he _____.
Business
1 answer:
never [62]3 years ago
7 0
<span><span>He already plans to spend $50 to buy towels and since both sets of towels cost less than $50 he decided to go with the better quality yet more expensive set of towels.</span>
</span>
You might be interested in
Maurice, the marketing head of a nonprofit organization, always begins his presentation on a project by sharing a lesser-known f
fomenos

Answer:

The answer is: a startling statistic.

Explanation:

Startling can be defined as causing momentary surprise, astonishment or even fright.

When you use a starling statistic or a startling statement, you will probably grab your audience´s complete attention right away. They are excellent starting points for a presentation.

One of the best examples is Chris Anderson starting a presentation with:

            “I'm going to tell you something that might surprise you:

               Since the Stone Age, more than half of the deaths of

                          humankind have been from 1 disease.”

3 0
2 years ago
CDB stock is currently priced at $82. The company will pay a dividend of $4.65 next year and investors require a return of 10.9
lidiya [134]

Answer:

g = 0.05229 or 5.229% rounded off to 5.23%

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D1 / (r - g)

Where,

  • D1 is dividend in year 1 or the next dividend
  • g is the growth rate
  • r is the required rate of return

Plugging in the available values for P0, D1 and r, we can calculate the value of g.

82 = 4.65  /  (0.109 - g)

82 * (0.109 - g) = 4.65

8.938 - 82g  =  4.65

8.938 - 4.65 = 82g

4.288 = 82g

g = 4.288 / 82

g = 0.05229 or 5.229% rounded off to 5.23%

8 0
2 years ago
If i'majuiceco. establishes a bottling plant in delaware, it will most likely use production technologies that require more work
AnnZ [28]

Answer:

D) Use production technologies that conserve on the number of workers.

Explanation:

7 0
3 years ago
One bank offers a 2% variable rate loan, while a competitor offers a 3% fixed rate loan over the same period. It is likely bette
vodomira [7]

Answer:

The problem with variable rates is that they vary, i.e., they might unexpectedly increase and the increase might be pretty significant. One of the main factors leading to the Great Recession was the housing bubble and the increase in mortgage interest rates. Normally, interest rates tend to increase, they might sometimes decrease, but generally they only go up and up.

Even though the fixed interest rate might be higher, it will not change and that  guarantees that you will always pay the same amount and that you can prepare your personal budget to cover it.

5 0
3 years ago
To save for retirement, Jamie decides to invest in an annuity that pays 5% annual interest, compounded annually. If Jamie contri
tatyana61 [14]

Answer:

Interest= $26,131.91

Explanation:

Giving the following information:

Annual deposit= $2,000

Number of periods= 20 years

Interest rate= 5%

<u>First, we need to calculate the future value using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,000*[(1.05^20) - 1]} / 0.05

FV= $66,131.91

<u>Now, we can determine the interest earned:</u>

Interest= future value - total investment

Interest= 66,131.91 - 20*2,000

Interest= $26,131.91

6 0
3 years ago
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