The distribution channel control the flow of products from the manufacturer to a variety of retailers or business customers.
A distribution channel represents a chain of businesses or intermediaries through which the final buyer purchases a good or service.
Distribution channels include wholesalers, retailers, distributors, and the Internet.
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C. Industry Description
Industry description should include information about the market, target customers, similar businesses, and future industry growth opportunities
Payout ratio is 11:20
<u>Solution:
</u>
Given, Debt = 70%
Equity = 30%
Capital Budget = $3,000,000;
Net Income = $2,000,000;
To find: the payout ratio
Equity retained = Project value Percentage of equity in capital structure
Equity retained =
Net Income=$2,000,000
Equity retained=900,000
Earnings Remaining=$1,100,000
Substitute $1,000,000 for project value and 55% for percentage of equity in capital structure
Payout = 55%
To make one percent a fraction, the percentage sign will fall and the sum will be over 100
Reduce to get the simplest form
5 is the largest common factor, so divide the numerator and denominator by 5
. Hence its 11:20
Answer:
24 years
Explanation:
Since Manny's savings account is yielding a 3% compound interest, he can use the rule of 72 to determine how much time it will take for his money to double:
years to double = 72 / interest rate = 72 / 3 = 24 years
The rule of 72 applies to any investment that yields compound interest.