Answer:
The rate at which to discount the payments to find sum borrowed is 12.68%
Explanation:
The discount rate to be used in computing the sum borrowed can e derived from the effective annual rate formula below:
Effective annual rate = (1 + Quoted interest rate/m)^m - 1
quoted interest rate is 8.40
m is the number of months in a year when compounding is done which is 12
effective annual rate=(1+8.40%/12)^12-1
effective annual rate=(1+0.01)^12-1
effective annual rate=(1.01)^12-1
effective annual rate=1.12682503
-1
effective annual rate=0.12682503=12.68%
Answer:
These are careers that are focused on running businesses.
Explanation:
The business management and administration career cluster are careers that are focused on the running of businesses. What it does is to help students prepare for effective and good careers on the processes of running good and productive businesses. It has several career pathways to follow in achieving this.
Answer:
Option (d) is correct.
Explanation:
Given that,
Elasticity of demand for Good A = −3
Percentage decrease in quantity demanded for Good A = 33%
Elasticity of demand for Good A = Percentage change in quantity demanded for Good A ÷ Percentage change in price of Good A
-3 = - 33 ÷ Percentage change in price of Good A
Percentage change in price of Good A = (-33) ÷ (-3)
= 11%
Therefore, percentage increase in price of good A is 11%.
Answer: Shrinkage for Store A ($40,890), Store B ($28,370)
Given:
Merchandise Value of Stores A and B
<span>A1 $454,385, and B1 $586,855</span>
Book Value of Stores
<span>A2 $495,275, and B2 $615,225</span>
Shrinkage<span> refers to the loss of inventory from whatever source. </span>
Shrinkage for each store is computed as:
Book Value – Merchandise Value
Shrinkage for Store A
A2-A1
495,275-454,385
$40,890
Shrinkage for Store B
B2-B1
615,225-586,855
<span>$28,370</span>
Product user positioning.
This type of positioning focuses on finding the perfect match of product for the user/customer and shows the product off as if it is the ideal solution for that type of customer.
