Answer:
The implicit borrowing rate (EAR) being paid by customers who choose to defer payment for the month is 24.48%
Explanation:
In order to calculate the implicit borrowing rate we would have to calculate the following formula:
implicit borrowing rate=Discount%/(1-Discount%) *12/( payment months - discount month)
According to the given data we have the following:
Discount % =2
Payment days = 1 month
Therefore, implicit borrowing rate=2%/(1-2%)*12/1
implicit borrowing rate=(0.02/0.98)*12
implicit borrowing rate=24.48%
The implicit borrowing rate (EAR) being paid by customers who choose to defer payment for the month is 24.48%
Answer:
The answer is B. Expressive social style.
Explanation:
From the details given about Joann, the characteristics she portrays shows her as an individual with an expressives social style.
Individuals with expressive social styles prefer seeks personal approval and more willing to make their feelings known to others. The expressives are characterized by high assertiveness and high responsiveness.
Answer:
B $1,625
Explanation:
The computation of the ending inventory based on the lower-of-cost-or-market value is shown below:
The ending inventory units = Beginning inventory + purchase of inventory - selling units
= 15 units + 35 units - 25 units
= 25 units
So, the cost of ending inventory = ending inventory units × purchase price
= 25 units × $84
= $2,100
And, the market value equal to
= ending inventory units × replacement cost
= 25 units × $65
= $1,625
Based on the lower-of-cost-or-market value, the ending inventory would be $1,625
Answer:
The answer is a sunk cost.
Explanation:
Sunk cost is irrelevant in present decision making. It is the cost that had already been incurred. It is irreversible.
Here, $500 spent on fixing the transmission does not matter again.
Opportunity cost is wrong because it means the alternative that has been forgone i.e alternative not chosen. For example, if you have an opportunity to either buy milk or bread and you went for bread, the opportunity cost is the cost of milk you didnt buy.
Incremental cost is also wrong. Incremental cost is the cost that was realized because of a decision.
Answer:
The correct answer is: television.
Explanation:
The "Cola Wars" refers to the increasing competition between worldwide known soft drinks Coca-Cola and PepsiCo during the 50s and 60s. Those decades were characterized by rapid changes in the world and the soda business was not left behind. In those years, a powerful source for marketing was introduced: the television. This boosted propaganda for the drinks of the two companies.
