Answer:
$14,343.25
Explanation:
First city bank pays 8% simple interest in a savings account
Second city bank pays 8% interest compounded annually
$68,000 is deposited deposited in each of the bank
The first step is to calculate the simple interesr per year of first city bank
= principal × rate
= 68,000 × 8/100
= 68,000 × 0.08
= 5,440
The interest earned for the period of 8 years can be calculated as follows.
= 5,440 × 8
= 43,520
The balance at the end of 8 years can be calculated as follows
= 68,000 + 43,520
= 111,520
The next step is to calculate the future value of second city bank
= principal × (1+R)^n
= 68,000 × (1+8%)^8
= 68,000 × (1+0.08)^8
= 68,000 × 1.08^8
= 68,000 × 1.85093021
= 125,863.25
Therefore the amount of money earned from second city bank at the end of 8 years can be calculated as follows
= 125,863.25-111,520
= 14343.25
Hence the money that was earned from second city bank at the end of 8 years is $14,343.25
<h3>Answer:</h3>
Under the periodic inventory system.
What is periodic inventory system?
Under the periodic inventory system, the cost of goods sold determined at the end of an accounting period by adding the net cost of goods purchased to the beginning inventory and subtracting the ending inventory.
Answer:
The correct answer D
Explanation:
When the price of the product is $9,99, then the customer bought 3 books per month. But when the price decreases from $9.99 to $7.99, then the customer bought 4 books per month. Because when the price of the product decreases, the quantity demanded for the product increases for the while and when the prices increases, the quantity demanded decreases, it is not constant.
Therefore, Jason is in correct as the demand for the product has not increases, but only the quantity demanded has increased.
Answer:The products or services which are introduced need to be decided on the basis of market intelligence. The store can be converted into a coffee shop offering music by creating a unique atmosphere where customers can enjoy the live music, browse through the music and also listen to their favorites played for them, while they enjoy their favorite coffee. It is essential that the uniqueness factor which would be relevant for the target audience be created for example a karaoke machine for the young generation or encouraging customers to just do their thing with impromptu performances. The musical products offered should include the option of the latest storage devices but focus more upon creating a unique atmosphere of a musical Cafe with playing out of specific musical themes which the target audience are likely to identify with and want to participate in. The uniqueness factor is important as it is what will create differentiation and provide a competitive advantage to the business.
Explanation: The price should be raised as the product and service is to have a feel of uniqueness which is not so difficult to obtain at another place as it is not easily imitable and also as the uniqueness factor provides exceptional perceived value for the customer within the product. A unique product needs to maintain some exclusiveness adequate value to be perceived by the customer so it needs to be priced at a premium. The price chart is more for the uniqueness which is created and the unavailability of similar options.
Answer:
Dumping
Explanation:
Dumping -
It refers to the scenario , when a country export some goods and services at a very low price in the importing market , than in the domestic market , is referred to as dumping.
The term dumping is used in the trade which is performed internationally .
The major advantage of dumping , is that the products are flooded in the market , which is also unfair.
The method of dumping , is a legal practice.
Hence, from the given statement of the question,
The correct term is dumping.
