Answer: Axle has the better turnover for both years.
Explanation:
Accounts Receivable Turnover ratio is used to measure the amount of times in a year that a company is able to collect payment from it's Receivables.
A higher Accounts Receivable Turnover ratio indicates that the company is doing well in collecting their Receivables and as such are not trying down working capital because it is not be reinvested to put back into the business.
Axle had a Turnover ratio of 11 last year and a Turnover of 9.9 this year which is better than Betterman in both years. This means that Axle had the best Turnover for both years.
Answer:
The correct answer is letter "B": advertising is more effective than personal selling.
Explanation:
The purchase process could be classified in three stages: <em>prepurchase stage, purchase stage, </em>and <em>postpurchase stage</em>. In the prepurchase stage, consumers can use marketing as a source to find out the product or service they are looking for exists. Individual selling might not be as effective since clients without do not have much information at this stage about the brand, where to locate the product and its main features.
Answer:
2.88%
Explanation:
Use the following formula to calculate the real rate of return
Real rate of return = 
Where
Nominal Interest rate = 7% = 0.07
Inflation rate = 4% = 0.04
Placing values in the formula
Real rate of return = 
Real rate of return = 
Real rate of return = 1.0288 - 1
Real rate of return = 0.0288
Real rate of return = 2.88%
Stereo speakers, new car, furniture, an expensive watch
