Answer: Suggestive selling
Explanation: the recommendation to purchase an extended warranty service in addition to the purchase of a laptop computer by the salesperson is an example of suggestive selling. It is a form of stimulus-response presentation involving suggesting an initial or an additional purchase (the extended warranty). It is also known as add-on selling or upselling and is used to increase the purchase amount of the buyer thus increasing revenue of the store.
Answer:
The answer is $86,167.57 (to 2 decimal places)
Explanation:
In this question, we are to calculate the present value of a certain amount that is compounded semiannually, and after 10 years, yields a future value of $200,000. To calculate this, we will use the formula for calculating present value as follows:
PV = FV ÷ ![(1+\frac{r}{n})^{n*t}](https://tex.z-dn.net/?f=%281%2B%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bn%2At%7D)
where:
PV = present value = ???
FV = future value = $200,000
r = interest rate in decimal = 8.6% = 0.086
n = compounding period pr year = semiannually = 2
t = time of compounding in years = 10
Therefore,
PV = 200,000 ÷ ![(1+\frac{0.086}{2})^{2*10}](https://tex.z-dn.net/?f=%281%2B%5Cfrac%7B0.086%7D%7B2%7D%29%5E%7B2%2A10%7D)
PV = 200,000 ÷
= $86,167.57
Answer: Option (B) is correct.
Explanation:
Public saving refers to the tax revenue amount that a government left with after paying for its expenditure or spending.
Public saving = Tax revenue - Spending
Private saving refers to the after tax income of the individuals after paying for their consumption and taxes.
Suppose there is a government budget deficit, in this situation government's expenditure is greater than government's receipts. This means that tax revenue is not enough to pay out its expenditure.
Therefore, this will lead to negative public savings.
Answer:
Void
Explanation:
Void is the term of law, which is defined as the contract is not valid currently, and the parties of the contract are not held to its terms. The void contract is the one which is generally unenforceable.
The contract could be void because of many reasons like the contract need one party to perform that act which is impossible or in that case, where one party is not mentally incompetent.
So, in this case, the contract is most likely to be void as the contract with the party who is mentally incompetent, though the party has not been adjudged through court.