I was stuck on the same thing in my class test. I ended up failing but if I get the answers to it I’ll totally send them to you!!!
Answer: retailing
Explanation:
From the information given, Nicole is engaging in retailing. Retailing, is the selling of goods and services to the consumers.
In retailing, the retailer buys from the producer or whilesaler and then sells in individual units to the customers. Since Nicole has developed strong relationships with suppliers so that new orders come relatively quickly and then sells to the customers, she's a retailer.
Answer:
Coupon= $27.5
Explanation:
Giving the following information:
Face value= $1,000
Coupon= semiannual payments
Coupon rate= 0.055/2= 0.0275
<u>To calculate the semiannual payment, we need to use the following formula:</u>
Coupon= face value*coupon rate
Coupon= 1,000*0.0275
Coupon= $27.5
Answer:
$0
Explanation:
Profits will be $0 if sales turn out to be $3.2 million.
Profit will decrease by ($0.20) million.
Degree of operating leverage = change in operating income ÷ change in sales
![5=\frac{[\frac{EBIT1-0.20}{0.20}]}{\frac{3.2-4}{4} }](https://tex.z-dn.net/?f=5%3D%5Cfrac%7B%5B%5Cfrac%7BEBIT1-0.20%7D%7B0.20%7D%5D%7D%7B%5Cfrac%7B3.2-4%7D%7B4%7D%20%7D)
(EBIT1 - 0.20) ÷ 0.20 = -1
(EBIT1 - 0.20) = -0.2
EBIT 1 = 0
Therefore,
Profits = $0
