The internal growth rate of a firm is best described as the: Minimum growth rate achievable assuming a 100 percent retention ratio.
<h3>What is
internal growth rate of a firm?</h3>
An internal growth rate can be described as the highest level of growth that can be gotten by a business without obtaining outside financing.
it should be noted that the firm's maximum internal growth rate is the level of business operations can persistently fund , hence The internal growth rate of a firm is best described as the: Minimum growth rate achievable assuming a 100 percent retention ratio.
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Answer:
(Note please, the background of L.L. Bean was not stated. I am answering on a general note.)
L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences so as to save time needed to consult superior authorities for directions.
Explanation:
In the course of business, some customers might have needs and inquiries that have to be responded to on the spot so that they do not lose their patience and move to other competitors.
When an organization empowers its employees to make independent decisions that might affect the company financially, it is in a bid to serve the customers better by saving their time. This also instills trust and confidence in the company because the employees are knowledgeable of their services.
Answer:
$1,194.05
Explanation:
The applicable formula is A = P x ( 1+ r) ^ n
Where A is the future amount
P is principal amount $1000
r is 6% per year or 0.06
n= time in years; 3 years
Since interest is compounded semi-annually, r will be 0.06 /2 = 0.03
n will be 3 years /2 = 6 periods
A = $1000 x ( 1 + 0.03) ^ 6
A = $1000 x 1.194052
A=$1,194.05
Their average wholesale price can be said to be competitive if it is below the all-company average wholesale price in that geographic region.
<h3>When is a price considered competitive?</h3>
- It means that the price is better than others in the market for a certain good or services.
- It is lower than the average price offered by other sellers.
The company is therefore charging a lower than average price which is why it is competitive with others because they will be forced to lower prices to maintain sales.
In conclusion, option A is correct.
Find out more on markets that allow competitive pricing at brainly.com/question/24877850.
Answer: construction receivable
Explanation:
Accounts receivable management involves improving the collection process for efficiency, identifying the reasons for nonpayment and being proactive in reminding clients about their overdue accounts.
