Answer:
80 miles
Explanation:
Data provided in the question:
Rental of the first agency = $36.95 + 36 cents per mile
or
= $36.95 + $0.36 per mile [as $1 = 100 cents ]
Rental of the second agency = $44.95 + 26 cents per mile
or
= $44.95 + $0.26 per mile
now,
let the mileage be 'x' miles
therefore,
the cost for the first agency will be = $36.95 + ( 0.36 × x ) ............(a)
and,
the cost for the second agency will be = $44.95 + ( $0.26 × x ) ........(b)
for the equal mileage, equating (a) and (b)
$36.95 + ( 0.36 × x ) = $44.95 + ( $0.26 × x )
or
( $0.36 - $0.26 ) × x = $44.95 - $36.95
or
0.1x = 8
or
x = 80 miles
Answer:
Final Value= $4,272.13
Explanation:
Giving the following information:
Felipe deposited 4000 into an account with 2.2% interest, compounded quarterly.
First, we need to calculate the quarterly interest rate:
Interest rate= 0.022/4= 0.0055
Now, we can calculate the final value:
FV= PV*(1+i)^n
FV= 4,000*(1.0055^12)= $4,272.13
Answer:
b) overall low-cost leadership
Explanation:
By Michael Porter, this is one of the <em>generic strategies</em>. This strategy implies that the company is dominating the market by securing a low-cost approach across all channels (supplier side, customers, rivals). This is generally achieved by low operating costs and by the factors listed out in the example itself (influencing rivals and suppliers). This type of strategy puts a company ahead of most of its competitors.
Answer:
Retained earning balance at the end would be = $205,000
Explanation:
Retained earnings at the end = Retained earning at the beginning + Net income - Dividend paid
The net income would increase the balance of the retained earnings hence it is added to it.
The Dividend paid would be a cash outflow which would reduce the balance of the retained earnings, hence it is deducted from it.
So applying this to the question, we have
Retained earning balance at the end would be:
25,000 + 200,000 - 20,000 = $205,000
Retained earning balance at the end would be = $205,000
