Answer:
a. $5
b. $4
c. $6
Explanation:
a. store A?
Beginning balance = $300
Ending balance = $300 - $100 = $200
Average balance = ($300 + $200) ÷ 2 = $250
Monthly APR = 24% ÷ 12 = 2%
June finance charge = Average balance × Monthly APR = $250 × 2% = $5
b. store B
June finance charge = (Beginning balance - Payments) × Monthly APR = ($300 - $100) × 2% = $4
c. store C?
June finance charge = Beginning balance × Monthly APR = $300 × 2% = $6
It is open all days of the week
Answer:
<em>C. defensive strategy </em>
Explanation:
<em><u>Defensive strategy</u></em><em> </em><em> is been represented by the effort of Sal's reduction</em>.
Basically in defensive strategy, the consumers and the customers are been hold-back by the companies and organisations. In this when competition increases the companies try to pull back their old customers from their competitors company.
In the scenario which is been represented in the question the Sal's company indulge's in the action that is known as defensive strategy.
Answer:
3400, Rise, C
Explanation:
1. Since there are just 3 firms and two already has a sum total of 70% (40+30), the third firm will have a market share of 30%
HHI= 
HHI= 1600+900+900
HHI= 3400
2. Abe's Bikes with 30% leaves the market, if the two firms were to share Abe's market share equally (15+15), it will leave Firm A with 55% (40+15) and Firm B with (30+15) 45%
Therefore,
HHI= 
HHI=3025+2025
HHI= 5050
A rise in HHI
3. C
An index of 10,000 corresponds to a monopoly firm with 100% market share.
Answer:
Option B fits perfectly,$1.61
Explanation:
Basis earnings per share is the total earnings attributable to common stock divided by the weighted average number of common stock in the year.
Earnings attributable to common is net income minus preferred stock dividends
Net income is $361,000
preferred stock dividend=20,100*$1.70=$ 34,170.00
earnings attributable to common stock=$361,000-$ 34,170=$ 326,830
Weighted average number of common stock is 203,000 shares
basic earnings per share= $326,830/203,000=$1.61
The correct option is B,$1.61
