Answer:
Objective and task budgeting method
Explanation:
The objective and task method refers to a budgeting method where a business allocates a certain marketing budget in order to achieve specific objectives, instead of simply allocating a marketing budget based on percentage of sales revenues.
Doodle set its specific goals:
- increase the sales of its basic steel pins by 10%
- increase the awareness of its glow-in-the-dark pins
And then it allocated $1.5 million for marketing expenses.
The answer to this is 0.08 hope that this helped
Answer:
Correct option is (a)
Explanation:
Excise tax is an indirect tax which is not imposed on customers directly. Excise tax is imposed on producers or sellers for goods produced and they in turn transfer the burden of tax on customers in the form of higher prices. That is why, it is called indirect tax.
It is usually imposed on those goods such as liquor and tobacco whose consumption the Government needs to decrease. If excise tax is imposed on restaurant meals, then the restaurant will be able to produce and sell less at the same price it was charging earlier. If the restaurant wishes to sell more, then it will have to charge higher price.
Answer:
Total finance charge=$23.75
Explanation:
<em>The amount charged for the use of the fund by a bank is called interest rate. Here it is quoted as 21% per annum but we will need to determine the approximate monthly rate by dividing by 12</em>.
The total finance charge will be equal = Interest rate + advance fee
Monthly interest rate = 21/12 =1.75%
Interest payment = 1.75%× $500=$8.75
Advance fee = 3%× $500= $15
Total finance charge = $8.75 + $15= $23.75
Total finance charge=$23.75
Explanation:
Here Initial amount = $10,00,000
Nominal Interest Rate = 9.2%
inflation Rate = 5%
Real Interest Rate = 4%
in question it was asked to give in real then we will use the real discount rate to know annual spent amount
Present Value = PMT×PVIFA ( at 4% and 20 years)
Therefore, PMT = Present Value of Cash / PVIFA ( at 4% and 20 years)
= 1000000 / 13.5903
= $73581.75
Where, PMT = Annual Spent Amount
PVIFA = Present Value interest Factor Annuity
