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andrezito [222]
3 years ago
6

The manager of Gloria's Boutique has approved Carla's application for 24 months of credit with maximum monthly payments of $70.I

f the APR is 14.2 percent, what is the maximum initial purchase that Carla can buy on credit?
Business
1 answer:
Ymorist [56]3 years ago
4 0

Answer:

Maximum initial purchase that Carla can buy on credit is <u>$1455.08</u>

Explanation:

Formula = M = [P (1 + r)^n * r] / [(1 + r)^n - 1]

$70 = P [(1 + 0.142/12)^24 * 0.142/12 ] / [(1 + 0.142/12)^24 - 1]

= $70 = P (1.326209535) * 0.142/12 / 0.326209535

= $70 = P * 0.0156934795 / 0.326209535

= P = $1455.08

So, the maximum initial purchase that Carla can buy on credit = $1455.08

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Cool People publications focuses their marketing efforts on reaching African-American teenage girls. The firm believes that they
olya-2409 [2.1K]

Answer: Target Marketing

Explanation: In Target Marketing, a company focuses its attention on a particular group of people because it feels the needs of this group of people would be best met by a particular product or service it offers.

The company first breaks the market into segments, as can be seen in the question above, where Cool People has broken the market into segments and has chosen to focus on African-American teenage girls.

4 0
3 years ago
Paul, a manager at a logistics company. Wants to have Emma, a temporary worker, handle customers’ queries. Paul’s colleague. Ali
andrew11 [14]

Answer:

5. Emma may not be as dedicated to the firm as other permanent employees

Explanation:

Logistics as a business activity is concerned with efficient movement of goods with least pilferage and spoilage and at the same time, as promptly as possible.

Handling customer queries requires utmost politeness, patience and humility and such a function is very sensitive since a small error or wrong attitude can drastically affect customer preferences and business sales.

In the given case, Ali's argument can only be strengthened by the fact that Emma is a temporary employee and it cannot be expected of her to discharge her duties with the same dedication as a permanent employee would.

Temporary employees know their term of employment beyond which they most likely seek job elsewhere. Whereas, a permanent employee would usually be more dedicated since he would have better sense of belongingness with the company.

5 0
3 years ago
what are three challenges associated with retail order takers? (check all that apply.) multiple select question. high labor cost
aleksandrvk [35]

Three challenges associated with retail order takers are <u>repetitive tasks, minimal training and high turnover.</u>

<u />

There are three different categories of order takers: internal order takers, delivery salespeople, and outside order takers.

An agreement between your business and a retailer is known as a retail order (wholesaler, kiosk, bookstore etc.). In exchange for payment of the purchase price, your publisher undertakes to provide the ordered quantity to the ship-to party.

An order taker in sales is a person who responds to client queries (also known as orders) but does not actively pursue strategies that would boost sales, such as identifying new prospects or upselling to current clients.

To know more about retail order takers: brainly.com/question/20534024

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5 0
1 year ago
Which of the following best describes the consideration on the part of an insurer?
ehidna [41]

Answer:

B) The promise to pay in the event of a covered claim

Explanation:

The promise to pay in the happening of a covered claim apparently describes the promise to pay in the process of covered claim. In insurance matter of contracts, the insurer assures to pay for covered losses which the insured suffers and the insured promises to do what the contract says and pay the premium. Most non insurance contracts are fluctuating contracts. The amount of attention given by both parties are almost equivalent.

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3 years ago
Why do firms generally prefer to borrow funds to obtain long-term financing rather than issue shares of stock?
Juli2301 [7.4K]
The more firms get from obligation as opposed to issuing stocks, the more it can diminish the aggregate cost of capital in light of the fact that the enthusiasm from obligation is duty deductible which will help reduce the aggregate cost of capital. In any case, no firm can get from obligation everlastingly in light of the fact that, at one point in time, extra obligation financing will make the aggregate cost of capital increment rather than decline. So firms will get in view of their own enhanced capital structure to limit the aggregate cost of capital however much as could reasonably be expected. Also, in light of this upgraded capital structure, there is a point of confinement to how much a firm can keep getting from obligation.
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