Answer:
$42
Explanation:
APR = 18% , month rate = 18%/12 = 1.5%
Fee for cash advance = 2%
Cash advance of the first day of month = $1,200
Finance charge = Cash advance * (Monthly rate + Advance cash fee)
Finance charge = $1,200*1.5% + $1,200*2%
Finance charge = $18 + $24
Finance charge = $42
So, the approximate total finance charge i will pay on this cash advance for the month is $42
Answer:
The maquiladora industry has not created much employment in Mexico because most of the production is capital intensive
Explanation:
maquiladora industry in Mexico are company that allow industries to perform production by converting raw materials into finished product for exportation and for local use by making this industry a "Tax- free". or making them to have duty free. Examples of maquiladora industry are
Acer Peripherals, Bali Company, Inc.
and Bayer Corp./Medsep. It should be noted that The maquiladora industry has not created much employment in Mexico because most of the production is capital intensive.
Answer:
False
Explanation:
Ordering costs are the costs incurred when materials are requested for. These components of this cost are:- 1)Clerical and administrative costs involved in purchasing and accounting for the goods ordered.
2)Cost of transportation
3)Retooling cost: This happens when the product is manufactured internally. Retooling means change of working tools.
4)Insurance while in transit.
5)Drivers' salaries and allowances
6)Loss of materials while in transit.
7)Taxes, custom duties and import duties.
Answer: True
Explanation: A target audience can be defined as the portion of the total audience on which an advertising campaign is focused. These are the target recipient of the marketing message that the offering entity is intending to send.
This is the modern approach to marketing in which the company after developing its product tries to identify the specific users of it, the users can be identified on the basis of age , gender or any other characteristic.
Hence, from the above we can conclude that answer is true.
Answer:
Loss in the contract = -$330.
Explanation:
Selling price per futures contract = $1,696
Current Value of the future contract = $1,707
Since the price has increased, there is a loss.
Loss per contract - 1696 - 1707 = -11
Total loss in the trade = -11 * 10 (size of contract) * 3 (Number of contracts) = -$330
