The correct amount of loan that shall be required by Cindy to restore her collectible car will be $13483.15. So, the correct option that matches with the statement is D.
Such amount required by Cindy can be calculated with two simple calculations that will help determine what is the actual cost of her restoration of collectible car.
- Collateral is considered to be the value of security in asset class which are liquid in nature to be presented in the custody of the creditor for securing any loans or financial help.
- The collateral to be presented to the bank can be calculated with the formula as below,
- Now we have been the information that the total cost of restoration is $12000 and the bank has offered 89% of her collateral value to secure such amount of loan.
- Putting the given values in the formula below as,
- So, it is clear that the Cindy will have to secure collateral equivalent to the value of $13483.15 for getting the amount of restoration of her collectible car in full.
Hence, the correct option is D that Cindy will have to keep $13483.14 with the bank to cover the cost of restoration of her car.
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Answer:
Decision making under risk
Explanation:
The reason is that Selena faces one of its biggest risks which is that if she will proceed with the surgery then she might loose her arm. Loosing arm is the risk here. Remember that risk is vulnerability of undesired outcome and which can be measured. And here the risk is the undesired outcome of loosing arm which is measureable in percentage. The chances of loosing arm is 30% and taking decision to proceed with taking this risk of loosing arm is "Decision making under risk".
Answer:
Option (d) is correct.
Explanation:
Given that,
June 1 Beginning inventory 20 units at $19 = $ 380
June 7 Purchases 70 units at $20 = 1,400
June 22 Purchases 10 units at $23 = $230
Cost of goods available for sale = $2,010
On June 30, units on hand = 30 units
Cost of Ending inventory:
= (20 units × $20) + (10 units × $23)
= $400 + $230
= $630
Total cost of goods sold:
= Cost of goods available for sale - Cost of Ending inventory
= $2,010 - $630
= $1,380
Answer:
Marketing and distribution of a variety of products
Explanation:
Marketing refers to a business function whereby a marketer advertises and promotes goods and services with an objective to increase sales and at the same time ensure customer satisfaction. Marketing mix refers to essential marketing components for effective marketing.
Marketing mix comprises of product, place, price and promotion.
Distribution refers to activities which are aimed at making products available in the right markets at the right time and utilizes various channels of distributions such as retailers, wholesalers, intermediaries, etc.
In the given case, Starbucks, the renowned coffee maker, has formed alliances or collaborations so as to extend and strengthen their business. These strategic alliances help Starbucks create an effective distribution network and wide-reach marketing which subsequently helps in efficient operations and profitability.
The purpose of Microeconomics is to match supply and demand among the producers and consumers of society as a whole.
<h3>What is microeconomics?</h3>
Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services.
Examples of microeconomics include:
- Supply
- Demand
- Competition
- Prices of goods
Hence, Microeconomics aims at matching supply and demand among the producers and consumers of society as a whole.
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