C: They charge extremely high interest rates.
Answer:
Explanation:
Let x be the amount loaned at 7% and ($19,000 - x) be the amount loaned at 15%
Given:
Interest incurred at 7%, I1 + Interest incurred at 15%, I2 = $2000
Interest, I = amount × rate
I1 = 7/100 × x
I2 = 15/100 × ($19,000 - x)
From the above expressions,
(0.07)x + (0.15) × ($19,000 - x) = $2,000
Solving for x,
0.07x + 2850 - 0.15x = 2000
Collecting like terms,
0.08x = 850
x = $10625
The amount loaned at 7% interest is
$10625
The amount loaned at 15% interest is ($19000 - $10625)
= $8375
Answer:
Results are below.
Explanation:
Giving the following information:
Purchase price= $66,000
Salvage value= $5,700
Useful life= 6
F<u>irst, we need to calculate the annual depreciation using the following formula:</u>
<u></u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (66,000 - 5,700) / 6= 10,050
<u>2017:</u>
Annual depreciation= (10,050/12)*3= $2,512.5
<u>2018:</u>
Annual depreciation= $10,050
The answer is $594.50, hope this helped you
Answer:
C) Lifestyle and Behavior
Explanation:
The reason is that Eco-Athlete is using its customer behavior and lifestyles to target a particular market segment which has common thinking and opinion about a particular item. In this case, Eco-Athlete is using Eco-friendly items because its customer are environmentally conscious which is their behavior that effects their lifestyle. So the company Eco-Athlete is basically using lifestyle and behavior dimension of market segmentation.