Answer: have someone study its target market to see what needs and wants should be met by Mimi Couturier Co
Explanation:
Despite the fact that Mimi Couturier is doing everything possible to be efficient and productive, the company is losing money because the company hasn't studied the target market.
The target market refers to the group of consumers that the product is aimed for. When the target market is studied, then the company will be able to know what the consumers want from them and seek ways to address that.
Answer:
28 month (approx)
Explanation:
Given
Present value = $470
Monthly Payment = $20
Interest Rate = 15% annual = 15% / 12 = 1.25% monthly
=0.0125
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![Present Value = PMT [\frac{1-(1+i)^{-n}}{i}] \\470 = 20 [\frac{1-(1+0.0125)^{-n}}{0.0125}]\\470/20 = [\frac{1-(1+0.0125)^{-n}}{0.0125}]\\23.5 \times 0.0125 =1-(1+0.0125)^{-n}\\1-0.29375= (1+0.0125)^{-n}\\0.70625 = (1+0.0125)^{-n}\\0.70625 =(1.0125)^{-n}\\0.70625= \frac{1}{(1.0125)^{n}}\\(1.0125)^{n}=1.4159292\\n=28(approx)](https://tex.z-dn.net/?f=Present%20Value%20%3D%20PMT%20%5B%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%5D%20%5C%5C470%20%3D%2020%20%5B%5Cfrac%7B1-%281%2B0.0125%29%5E%7B-n%7D%7D%7B0.0125%7D%5D%5C%5C470%2F20%20%3D%20%5B%5Cfrac%7B1-%281%2B0.0125%29%5E%7B-n%7D%7D%7B0.0125%7D%5D%5C%5C23.5%20%5Ctimes%200.0125%20%3D1-%281%2B0.0125%29%5E%7B-n%7D%5C%5C1-0.29375%3D%20%281%2B0.0125%29%5E%7B-n%7D%5C%5C0.70625%20%3D%20%281%2B0.0125%29%5E%7B-n%7D%5C%5C0.70625%20%3D%281.0125%29%5E%7B-n%7D%5C%5C0.70625%3D%20%5Cfrac%7B1%7D%7B%281.0125%29%5E%7Bn%7D%7D%5C%5C%281.0125%29%5E%7Bn%7D%3D1.4159292%5C%5Cn%3D28%28approx%29)
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Answer:
FV= $12,818.4
Explanation:
Giving the following information:
You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest.
To calculate the future value we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {4,200*[(1.052^2)-1]}/0.052 + 4,200= $12,818.4
This idea is most consistent with LAISSEZ FAIRE type of management in which the employees are allowed to use their ideas and creativity to flourish in their areas of specialization. The management takes a back seat role in the company and only offer guidance when needed.
Answer:
The correct answer is "management information systems"
Explanation:
The management information system (MIS) is a system of financial information, such as accounting and human resources, that provides valuable information in order to take business decisions and solve the problems of the company. The management information system generates normal reports on operations for every level of management.