Answer:
sales
Explanation:
Based on the scenario being described within the question it can be said that Michael has most likely adopted the sales orientation. This term refers to a business approach that focuses on mainly persuading individual customers to purchase the company's product as opposed to understanding the customer's needs or marketing to a larger audience.
Answer:
maximum
Explanation:
The newsvendor model may be defined as the mathematical model which is characterize by the fixed prices as well as the uncertain demand for the perishable products. This model is mainly used to determine the optimal inventory level.
According to the newsvendor model, there is only one opportunity to order. The cost of buying large quantities of the products may result in disposing them or selling the products at a lower price.
The optimal ordering quantity is maximum when the underage cost is higher than the overage cost.
Answer:
1. $6,000
2. $60
3. $8,180
Explanation:
With the down payment equal to $2,000, amount Lindsay need finance to purchase car would be: $8,000 - $2,000 = $6,000
As Lindsay would pay for a term of 3 years
=> In each year, the amount finance is: $2,000
In one year, with APR = 3%, interest Lindsay has to pay on the loan of $2,000 is: $2,000 x 3% = $60
=> In three years, amount Lindsay pay for interest for the total finance is: $60 x 3 = $180
The actual cost of the car for Lindsay to own:
Actual cost = down payment + finance + interest = $2,000 + $6,000 + $180
= $8,180
Answer:
Cullumber Company
Balance Sheet
As at 2022
Explanation: Amount in $
Current Assets
Accounts Receivable 12,500
Cash 13,000
Prepaid Insurance 6,600
Supplies 4,600
Total Current Assets 36,700
Non-Current Assets
Equipment (225,000-36,900) 188,100
Total Assets <u> </u><u>224,800</u>
Liabilities & Shareholders' Equity
Current Liabilities
Accounts Payable 10,600
Notes Payable 65,000
Salaries Payable 3,900
Total Current Liabilities 79,500
Equity
Common Stocks 97,000
Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700) 64,300
Dividends (16,000)
Total Equity 145,300
Total Liabilities & shareholders' equity <u>224,800</u>
Answer:
$330,000
Explanation:
Change in WC = Opening receivables - Closing receivables
Change in WC = $84,000 - $74,000
Change in WC = $10,000
The decrease in working capital is $10,000
Cash from operating activities = Net income + Decrease in Working Capital
Cash from operating activities = $320,000 + $10,000
Cash from operating activities = $330,000
Thus, the cash from operating activities is $330,000
