Answer:
$309.66
Explanation:
The total amount to be repaid after six years will be:
The amount will be Principal P x interest R x time period T
Amount = P (1+RT)
Amount =18,290 (1+3.65/100 X 6)
=18,290+( 1 +0.0365x6)
=18,290 x 1+0.219
=18,290 x 1.219
=22,295.51
The amount will be paid in equal installments for six years
Six year = 6x12 months
=72 month
Each month's payments will be total amount divide by 72 months
=22,295.51/72
=$309.66
Answer:
True
Explanation:
The purpose of any business is to make profit, which is from the difference between revenues (price of product multiplied number of product sold) with the cost of goods sold (average total cost multiplied number of product sold).
In short, the profit = (price - average total cost) x number of product sold.
Normally the price must be above/ higher than cost, so that the firm can have profit. Sometime the price in the market go down, so the firm have have to adjust down its price also to maintain customer's purchases.
Once its price is down, but the firm's average total cost is still same as previous, the firm can not have profit as previously. The firm may bear this situation as long as its capital capacity allowed, but will not be too long.
Answer:
There are both internal and external elements that are going to affect the supply chain design of a company like Crayola for its expansion. The external pressure will be created through external forces that can have an adequate amount of pressure created through suppliers and others where internal pressure can be created by the management itself in order to construct a prominent supply chain design.
Explanation: External pressure are
1. Suppliers
2.distributors
3.Consumers
4 External risk factors
1. Suppliers and the availability of suppliers within the market of expansion play an important role in the determination of the supply chain design within a market.
2. Distributors: As the company is new in the market it will have to establish its market in the region in this regard distributors are very important they are the ones that will help the company in supplying finished goods from the manufacturing point to retailers and customers.
3.customer is an external force that will be affecting the supply chain design of the company.
4. External risk factors: In every market, there is a risk that is associated with the companies operating in it reeks of economic distress and others as well.
Now there are some internal factors as well which will affect the overall supply chain design of Crayola in the new market and they are as follows:
1. Company strategy: it can be said that the company’s decision will tend to affect the supply chain design the company will follow in the current market
2.Management: The management of the company plays a vital role in the supply chain process of a company. It can be said that through management the overall supply chain design is managed hence the management will have an effect on the supply chain design.
3. Workforce: Workforce of the company is very much an evident part of the company’s manufacturing and marketing process. The workforce of the company determines the effect of the firm in terms of its operation and supply chain management.
Answer:
the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.
Explanation:
the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.
If the price of the good increases. The good becomes cheaper when compared with substitutes. As a result, the demand for the good increases while that of the substitutes decreases.
The income effect is when an increase in price lowers consumer's purchasing power, holding money income constant.
Answer:
Espoused values
Explanation:
From the question we are informed
Hewlett-Packard founders David Packard and William Hewlett who strived to create a close-knit organizational culture that gave a lot of responsibility to employees and fostered innovation within the company. Individual responsibility and the importance of innovation are Espoused values.
Espoused values can be regarded as values which is been expressed on behalf of a particular organization, it could also be values that is been
attributed by senior managers of an organization in public statements
to that particular organization. Theses statement could be annual reports of the firm. These values are practical results of values been espoused through members of an organization.