Answer:
Option C is the correct answer - the adoption curve shows that some groups accept a new idea before others.
Explanation:
The innovation adoption curve matches the entry of users into various categories. It is used to separate customers based on their readiness to accept new technology or an idea.
Normally, the first set of people to adopt the new idea or the technology are the innovators.
Therefore, option C is the correct answer - the adoption curve shows that some groups accept a new idea before others.
Answer:
Monthly Payment is $1602.37
Effective interest rate is 5.33%
Explanation:
a.
The monthly payment made includes the interest and principal payment as well.
Monthly payment can be calculated using following formula
Monthly Payment = [Present value of loan x r] / [{1 - (1 + r)-n}]
Monthly Payment = [$84,500 x (0.052/12)] / [1 - (1 + 0.052/12)-60]
Monthly Payment = [$366.17 / 0.2285]
Monthly Payment = $1,602.37
b.
The Effective interest rate is the actual interest rate that are being charged on loan after incorporating the compounding effect.
Use following formula to calculate the effective Annual rate
EAR = [1 + (i/n)]^n - 1
EAR = [ 1 + (5.2% / 12]^12 - 1
EAR = [1.0043]^12 - 1
EAR = 1.0533 - 1
EAR = 0.0533
EAR = 5.33%
Answer: Marketing mix
Explanation:
Marketing mix is a combination of factors that are controlled by a company in order to influence the consumers to buy its products.
Marketing mix is a foundation model for firms, and it centered around the price, product, place, and promotion. Marketing mix is the marketing tools that a firm uses to achieve its marketing objectives in the market.
Answer:
Both supply and demand are elastic.
Explanation:
Demand or supply elasticity is defined as elasticity or responsiveness with more than one numerical value, which indicates their high response to the change in price.
Elastic demand: It is the percentage change in quantity demanded due to the change in price in absolute value of the product.
The elasticity of supply: It is defined as the response of the quantity of a good supplied to a change in the price of the good. Likely to be positive in output.
FORMULA; Elasticity of supply= 
Due to the decrease in the supply of goods in the market, it leads to the scarcity of goods, therefore there is an increase in the price of goods.
Based on the information regarding the W-4, the thing that should be done next will be C. Request to fill out a new W-4 from his employer.
The W-4 form simply tells the employer, the filing status of the employee, amount of credits, multiple jobs adjustment, amount of other income, deductions, etc that are needed to compute the federal income tax.
Since Miguel was single when he started working with the company but was now married, he should request to fill out a new W-4 from his employer.
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