The rate of interest charged to Glenda would be 5.18% upon the payment of her car in five annual installments.
<h3>What is a rate of interest?</h3>
The percentage of interest charged over the principal amount of loan or advances for a particular period of time, is known as the rate of interest of such loan.
The computation of rate of interest using the formula and given information will be,
Hence, the computation of the rate of interest is as aforementioned.
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Answer:
<u>Stock-out</u> cost
Explanation:
Stock out is a scenario in business where a company sells all available units of a product and runs out of inventory for that product. <u>When this happens, the organization loses revenue as it cannot meet the subsequent demands of customers</u>.
This cost incurred is known as stock out cost.
So, <em>even though Jeff Murrah, the sales manager, was delighted with the product's success, his excitement was overshadowed by the </em><u><em>stock out cost</em></u><em> his division would incur.</em>
Answer:
The correct answer is option E.
Explanation:
Income elasticity of demand measures the change in quantity demanded of a product because of a change in the income of the consumer. It is calculated as a ratio of change in quantity demanded and change in income.
At the income level of $300, the consumers buy 5 bars of chocolate. When the income increases to $330, the consumer buys 6 bars of chocolate.
The income elasticity of demand is
= 
= 
= 
= 
= 2
Since the income elasticity of demand is positive, this implies that chocolate is a normal good.
To find 20% of the value of the goods,
1,123 x 20% (this is the same as 1,123 x 0.2)
= 224.6
Add the salary and the commission,
425.00 + 224.6
= 649.60
Therefore Jill was paid $649.60 last week
