Answer:
Fragmented Retail system
Explanation:
A fragmented retail system can be defined as a market in which no firm can has or can exert any influence to move the market in a particular direction.
This simply means that a fragmented retail system is one in which no product or firm has a grip or major share in the market. This leaves the market to a lot of small and medium scaled businesses competing with larger companies.
From the question, it can be seen that there a lots of small stores that serves the neighborhood. This means that the small shops cater for the needs of people within its vicinity such that there isn't any need for visiting larger stores.
Cheers
Republican Governor Hiram Johnson was the California governor who was instrumental in changing the executive bureaucracy from a spoils system to a merit system.
A spoils system refers to a system of patronage in which the victorious candidate or party in an election gives public offices to their supporters as reward and incentive.
It was a common phenomenon in the United States, until a civil service reform movement led to passage of the Pendleton Act of 1883, which instituted merit-based appointments to offices at the federal level.
Hiram Johnson was a former Governor of California between 1917 to 1945. He was credited with many progressive reforms, among which was ensuring the executive bureaucracy operated on the basis of merit and not political patronage.
To learn more about Hiram Johnson: brainly.com/question/8407551
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131 x 12= 1,572
500 + 1,572 + 640 (20% of 3,200)
= 2,712$
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment= $6,000
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
<u>Compounded annually:</u>
n= 20
i= 0.035
FV= 6,000*1.035^20
FV= $11,938.73
<u>Compounded semi-annually:</u>
n=20*2= 40
i= 0.035/2= 0.0175
FV= 6,000*(1.0175^40)
FV= $12,009.58
<u>Compounded quarterly:</u>
n= 20*4= 80
i= 0.035/4= 0.00875
FV= 6,000*(1.00875^80)
FV= $12,045.78
<u>Compounded monthly:</u>
n= 20*12= 240
i= 0.035/12= 0.00292
FV= 6,000*(1.00292^240)
FV= $12,079.84
<u>Compounded weekly:</u>
n= 20*52= 1,040
i= 0.035/52= 0.000673
FV= 6,000*(1.000673^1,040)
FV= $12,078.71
<u>Compounded daily:</u>
n= 20*365= 7,300
i= 0.035/365= 0.000096
FV= 6,000*(1.000096^7,300)
FV= $12,091.78
