Explain the role of promotion as a marketing function

2. List 12 things you should consider when buying a used car.

patriot [66]

1. interior and exterior condition
2. test drive
3. working conditions of accessories
4. clean title
5. how many miles it has
6. worn our tires
7. paperwork
8. condition under the hood
9. frame issues
10. vehicle history
11. rust damage
12. upholstery

3 0

3 years ago

Read 2 more answers

16) (2 marks)

musickatia [10]

Answer:

171 units

Explanation:

Break-even point = fixed cost / Divide by contribution margin per unit.

fixed costs = £12,000

Contribution margin per unit = selling price - variable cost per unit

Selling price £88: variable cost £18

contribution margin per unit

= £88 - £18

=£70

Break-even point = £12,000/£70

=171.42

=171 units

3 0

3 years ago

Calculate the present value of the following: a-1. Annual payment of $800 for 10 years at 5% interest. (Do not round intermediat

kipiarov [429]

Answer:

a-1 Present value = 6,177.39

a2- Present Value =6,227.79

a3- Choose the payment stream with the highest present value = a2

b1- Present Value=3,353.98

b2-Present Value=2,805.28

b3-Choose the payment stream with the highest present value = b1

Explanation:

a-1 describes an ordinary annuity whose present value is calculated as follows:

$Present value =PMT*\frac{[1-(1+i)^-^n]}{i}$

where PMT=$800; i= 5%, n= 10

$Present value =800*\frac{[1-(1+0.05)^-^1^0]}{0.05}$ = 6,177.39

a2- $Present value =600*\frac{[1-(1+0.05)^-^1^5]}{0.05}$ = 6,227.79

a3- If I were receiving these payments annually, I would prefer the payment stream with the highest present value ie a2 -Annual payment of $600 for 15 years at 5% interest.

b1- $Present value =800*\frac{[1-(1+0.20)^-^1^0]}{0.20}$ = 3,353.98

b2- $Present value =600*\frac{[1-(1+0.20)^-^1^5]}{0.20}$ =2,805.28

b3- f I were receiving these payments annually, I would prefer the payment stream with the highest present value ie b1- Annual payment of $800 for 10 years at 20% interest.

3 0

3 years ago

The following information was available for Hover Company at Dec 31, 2011; beginning inventory $110k; ending inventory $70k; cos

nata0808 [166]

Answer: Hoover's days in inventory in 2011 was 50 days.

Explanation:

Given that,

Beginning inventory = $110000

Ending inventory = $70000

Cost of goods sold = $660000

Sales = $900000

Average Inventory = $\frac{Beginning\ Inventory + Ending\ Inventory}{2}$