They would opt to have a sale of bathing suits. They would offer discount from the original price of the bathing suit. In this way, the suits will be bought because its cheaper than before.
The store manager should make sure that the discounted price is still higher than the cost of the bathing suits so that they will still generate profit even at a lower value than initially expected.
7. a) Loyal customers are most valued because they continue to bring business over time
9. b) quality costs are all the costs that results from defects and that are incurred to prevent defects.
14. b) inseparability
16. a) fluctuating demand (fluctuation means change/going up and down)
19. a) one seller and many buyers.
Answer:
22.13%
Explanation:
The effective annual rate formula below can be used to determine the actual rate charged by the bank as follows:
Effective annual rate=(1+APR/n)^n-1
APR=20%
n=number of times interest is computed yearly=365
Effective annual rate=(1+20%/365)^365-1
Effective annual rate=1.221335858
-1
Effective annual rate=22.13%
The actual rate of interest on bank loan is 22.13%
Answer:
$1.15 per share
Explanation:
The computation of the earning per share is shown below:
Earning per share = Net income ÷ common stock outstanding shares
where,
Net income is
= EBIT - interest expense - taxes
= $707,000 - $58,000 - $224,000
= $425,000
And, the common stock outstanding shares is 370,000
So, the earning per share
= $425,000 ÷ 370,000 shares
= $1.15 per share
