Answer: 20.86%
Explanation: From the question, the credit term is 2/10, n/45. Which means that the customer gets a 2% discount if payment is made within 10 days. But the customer did not make use of this offer. The equivalent annual Interest lost on the amount of purchases is :
365/ (45-10) * 0.02 = 365/35*2%
= 0.20857 *100= 20.86%
This is calculated using 365 days in a year.
Explanation:
They are unlimited/many. Human needs are never restricted, they are infinite and keeps on changing because of various factors. ...
Scarce resources to satisfy them. ...
are recurrent/felt again and again. ...
some are complimentary. ...
change with time age and gender.
True, West African countries borrowed money fro the World Bank and the International Monetary Fund. West African countries are developing economies which similar to other developing economies in Africa and the rest of the world have taken loans and development funds from the IMF and the World Bank.
<span>This type of marketing is known as imperfect competition as many companies are selling similar products, but the products aren’t similar enough to compete with each other in the market. One way that a company in this type of market can get the most for their money is by producing goods that have a marginal revenue that equals the marginal cost. The company also can continue to develop new products in order to keep us with the demands of its customers. In order to increase the demand for their product, the company may improve its quality and design in order to make it more useful for its customers.</span>
