Answer:
a. $965.74
b. $939.11
Explanation:
In this question we use the Present value formula i.e shown in the attachment below:
1. Given that,
Future value = $1,000
Rate of interest = 6.5%
NPER = 4 years
PMT = $1,000 × 5.5% = $55
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the price would be $965.74
2. Given that,
Future value = $1,000
Rate of interest = 6.5%
NPER = 8 years
PMT = $1,000 × 5.5% = $55
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the price would be $939.11
Answer:
$3,402.04
Movement helped you
Explanation:
The initial amount of $3,700 when converted to British pounds at a rate of $1:£0.49 yielded:
If the remaining amount was £146, the total spend in dollars is given by:
The amount spent in England in U.S. dollars was $3,402.04.
If the exchange rate was still $1:£0.49, the amount received back would be:
At the new rate of $1:£0.45, the amount received is:
Therefore, the movement in the exchange rate helped you.
Answer: Menu cost
Explanation:
Menu cost is the cost to a firm due to constant price changes. The name was coined from restaurants who changed their prices constantly by printing new menus.
For a wider definition, the menu costs also include the re-tagging of items, updating of computer systems, and hiring consultants in order to develop new pricing strategies and the costs of printing menus.
Answer:
Letter B is correct.
Explanation:
Nontrier users are those who do not use one has a preference for using any brand and therefore do not recognize the marketing or discounts offered by a brand. Usually these users do not choose to buy a specific brand, but they are users, so there are marketing strategies that if well used and targeted can change the perception of the brand to attract these users.