Answer:
73 months
approximately 6 years
Explanation:
The period of time it would take to pay off the loan can be determined using excel nper function as below:
=nper(rate,pmt,-pv,fv)
rate is the interest expressed in monthly terms which is 15.3%/12
pmt is the amount payment per month i.e $90
pv is the amount of loan which is $4250
fv is the balance of the loan after all payments have been made i.e $0
=nper(15.3%/12,90,-4250,0)= 73 months
73 months/12 months=approximately 6 years
Answer:
B. just-in-time
Explanation:
Just in time (JIT) is an inventory management approach that is used by companies that want to reduce their inventory costs and they purchase their materials in smaller quantities whenever their productive system needs them. The goal is to keep the lowest possible inventory levels.
Answer:
D. More Units may be sold - but total revenue will be less than it would be at the higher price
Explanation:
Marginal Revenue (MR) represents the additional revenue that can be obtained if sales of a product are increased by one unit.
MR= is change in Total Revenue/Change in Total Output Quantity
In this situation as envisaged by the Marketing Manager, a price cut will lead to an increase in revenue based on more (marginal) units of the product sold at a lower price. The challenge, however, is that this increase in income will not be enough to offset the decrease in revenue that will result as a result of the price cut.
In other words, the organisation is better off selling fewer products or units at its current price than sell more (marginal units) at a reduced price.
In other to ensure that her social media is impressive to the employer, Puya has to do the following:
- She has to remove all questionable online content that are going to make her appear like she is not a professional
-
She has to try to set up a professional page on social media.
-
She has to be deliberate and selective about the people that she has on her friends list.
Maintaining a good social media presence is of great importance. Employers would not want to employ a person with questionable character or abnormal behavior as a worker in their company.
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<span>The manager will weigh the pros and cons of each alternative before implementing the solution. The manager should look at each alternative and list the benefits and the negatives for each alternative. After reviewing the list of benefits and negatives for each alternative, the manager can eliminate the alternatives that possess too many negatives or cons. The alternatives with the most benefits should be considered more carefully. The manager should then implement the alternatives with the most benefits or pros on a trial basis. The alternative with the best results is the one that is deemed useful, permanent and beneficial to the company.</span>
