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Kaylis [27]
3 years ago
10

If the nominal annual interest rate is 12% compounded quarterly, what is the effective annual interest rate?

Business
1 answer:
irina1246 [14]3 years ago
5 0

Answer:

the effective annual interest rate is 12.55 %

Explanation:

The computation of the effective annual interest rate is shown below:

Effective annual interest rate is calculated by using the following formula

= {(1 + interest  ÷ number of compounding period)^number of compounding period} - 1

= (1 + .12 ÷ 4)^4-1

= (1.03)^4 - 1

r = 1.1255 - 1

r=.1255

hence, the effective annual interest rate is 12.55 %

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In Marketing in the News, we heard that Michelin tire company is running a new sales promotion. What did we hear the company is
trasher [3.6K]

Answer:

A) Offering 1/2 price discounts through Costco.

Explanation:

Probably the most commonly used and most effective sales promotion is to offer a discount to your products or services. Everyone loves the idea of paying less for a product they need or want. But there is a catch with this type of activity, you shouldn't do it very often. If discounts are offered on a regular basis, then customers will tend to purchase the product only when a discount is available.

7 0
3 years ago
Representatives from Kraft spent several months with consumers in their kitchens, attempting to understand what they wanted in r
sergiy2304 [10]

Answer:

d. ethnographic research

Explanation:

Ethnographic research -

It is a type of research method , where the people tries to interact with the people in real life , in order to get the best and most pure information regarding the research topic , is referred to as ethnographic research .

The method is very effective and efficient to attain knowledge for the research topic .

Hence , from the given scenario of the question ,

The correct option is  d. ethnographic research .

       

7 0
3 years ago
The following information is from the annual financial statements of Nancy Company.
lakkis [162]

Answer:

5.79 times

Explanation:

The computation of the Accounts receivable turnover ratio  

= Credit sales ÷ average accounts receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($46,400 + $49,700) ÷ 2

= $48,050

And, the net credit sale is $278,000

Now put these values to the above formula  

So, the answer would be equal to  

= $278,000 ÷ $48,050

= 5.79 times

5 0
3 years ago
Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few day
Dmitriy789 [7]

Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few days, and she needs to decide right away how and where to purchase her books. Brita will most likely engage in "limited problem solving" process.

<h3>What is limited problem solving process?</h3>

Limited issue solving is another sort of consumer problem-solving that consumers employ when they need information about unknown brands in well-known product categories or when they make sporadic purchases of goods; it takes a fair amount of time for information collecting and consideration.

The characteristics of limit solving process are-

  • Limited issue solving is employed when consumers seek information about a new brand within a well-known product category or when they occasionally purchase products.
  • When buying a new, expensive, or infrequently purchased goods, consumers engage in lengthy problem solving.
  • Possibly when you need to find out information about an unusual brand in a well-known product area, takes a fair amount of time to gather information.
  • Clothing is one example where it is known the product class but not the brand.

Therefore, in the given case- Brita lacks the time to thoroughly consider all of his alternatives. Additionally, he will likely follow suit this time around given his recent success purchasing books online (unless he waited too long and cannot receive his books in time).

To know more about steps in the problem solving process, here

brainly.com/question/10708306

#SPJ4

6 0
1 year ago
Jan pays $70 each month for her auto insurance policy. this regular payment is called a: co-pay, deductible, premium, claim?
sertanlavr [38]
Pretty sure its co-pay. 
i may be wrong, i don't take business yet.
4 0
3 years ago
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