The prime rate is the base rate for any financial transaction. The prime rate is considered for each type of lending instruments by the bank. bank add a margin % over the prime rate and offer loan/instrument at the increased rate.
In the given case, the BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%, which means the A.P.R is calculated on the basis of Prime rate and any change in prime rate will directly affect the A.P.R.
The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.
Hence the correct answer is:
b. Increase in A.P.R by 1%
Answer:
Number 4 is correct. <u>Mass customization.</u>
Explanation:
In this question, the most appropriate alternative is mass customization.
It can be defined as a process where companies produce goods and services for an expanded market, but that such products are modified and personalized to meet the needs and desires of a potential customer.
Mass customization allows the company to produce customized products with the advantage of productive flexibility and low unit costs that come from the mass manufacturing process.
This is a marketing strategy that is used to generate value for the consumer, since the company is able to offer a product with greater added benefits and at the same time maintain low manufacturing costs, which creates value and increases consumer satisfaction.
for Plato the correct answer is D. overtime (wages) paid to workers :)
Solution:
Barnes Corporation purchased 75 percent of Nobles’ common stock
During the year, Nobles reports net income of $40,000.
Hence, 75% of net income of Nobbles is attributable to Barnes Corporation.
Barnes reports for income from subsidiary prior to consolidation
= 40,000 x 75%
= $30,000
Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.
<h3>Forgone labour output </h3>
Forgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.
The potential for the production of goods and services is lost forever when the economy fails to provide enough jobs for everyone who is able and willing to work.
Learn more about Forgone labour output here:
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