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3 years ago

5-When a local auto repair shop sponsors a local softball team, it is using the _____ element of the promotional mix.

1 answer:

mote1985 [20]3 years ago

3 0

When a local auto repair shop sponsors a local softball team, it is using the public relations element of the promotional mix.

Public relations allows a company to create a good image with the public through relations and organizations they work with for the public to see. When the local auto repair shop sponsors a local softball team, they are not only advertising their name, but people are recognizing them as a company that gives back. By being active in their community they are building public relations.

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If you invest P dollars and you want the investment to grow to A dollars in t years, the interest rate that must be earned if in

hoa [83]

Answer: 18.92%

Explanation:

The formula to find the compound amount :-

$A=P(1+r)^t$ , where P is the Principal amount, r is the rate of interest and t is the time period.

Given : P= $1500

A = $6000

Time = 8 years

Then $6000=1500(1+r)^8$

i.e. $(1+r)^8=\dfrac{6000}{1500}=4$

Taking natural log on both sides , we get

$\Rightarrow\ 8\ln(1+r)=\ln(4)\\\\\Rightarrow\ \log(1+r)=\dfrac{\log4}{8}=\dfrac{1.38629436112}{8}=0.17328679514\\\\\Rightrarrow\ 1+r=e^{0.17328679514}\\\\\Rightarrow\ 1+r=1.189207115\\\\\Rightarrow\ r=1.189207115-1=0.189207115\\\\\Rightarrow\ r\approx0.1892\approx18.92\%$

3 0

3 years ago

Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,00

Marina CMI [18]

Answer:

option (c) $600

Explanation:

Given:

Tax = $4 per unit

Initial equilibrium quantity = 2,000 units

Final equilibrium quantity = 1,700 units

Decrease in consumer surplus = $3,000

Decrease in consumer surplus = $4,400

Now,

Deadweight Loss is calculated using the formula:

Deadweight loss

= $\frac{1}{2}$ × Tax × (Original equilibrium quantity - New equilibrium quantity)

on substituting the respective values, we get

Deadweight loss = $\frac{1}{2}$ × 4 × (2,000 - 1,700)

Deadweight loss = 2 × (3) = $600

Hence,

the correct answer is option (c) $600

4 0

3 years ago

People get too stressed when they try to work fast

grandymaker [24]

That is true, was that your question? :)

8 0

3 years ago

Read 2 more answers

Zeta Corporation is a manufacturer of sports caps, which require soft fabric. The standards for each cap allow 2.00 yards of sof

ad-work [718]

Answer:

Direct material price variance= $2,500 favorable

Explanation:

Giving the following information:

The standards for each cap allow 2.00 yards of soft for $2.00 per yard. During January, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps.

<u>To calculate the direct material price variance, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2 - 2.1)*25,000

Direct material price variance= $2,500 favorable

7 0

3 years ago

Who determines Brand value?

vova2212 [387]

Answer:

brand marketers is your answer

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3 years ago

5-When a local auto repair shop sponsors a local softball​ team, it is using the​ _____ element of the promotional mix.

5-When a local auto repair shop sponsors a local softball team, it is using the _____ element of the promotional mix.