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xenn [34]
2 years ago
10

Patricia Nall was approved for a $3,000, two-year, 11 percent loan with the finance charges figured using the discount method. H

ow much cash will Patricia receive from this loan?
Business
1 answer:
Luba_88 [7]2 years ago
4 0

Answer:

$2,340

Explanation:

The computation of cash received from this loan is shown below:-

cash received from this loan = Approved amount - (Approved amount × Two year × Percentage of loan )

= Approved amount - ($3,000 × 2 × 11% )

= $3,000 - ($3,000 × 2 × 0.11 )

= $3,000 - $660

= $2,340

Therefore, for computing the cash will Patricia receive from this loan we simply applied the above formula.

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Starbucks has been in business for over 40 years and for most of that period has been quite successful. They have a portfolio of
Keith_Richards [23]

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.

6 0
1 year ago
In a perfectly competitive industry, the industry demand curve is ____, while in a monopolistic industry, the industry demand cu
antoniya [11.8K]

Answer:

The correct answer is downward sloping; downward sloping.

Explanation:

In a perfect competition the demand curve for an individual firm is a horizontal line parallel to the x axis. This happens because the firm is a price taker and operate on the price determined by the intersection of demand and supply curves. Any increase in the price will cause the demand to become zero.

While in the monopolistic market a single firm has downward sloping demand curve. Here, the firm is price maker and decides price level. Though, the consumers will demand more at lower price.

The industry supply curve for both will be downward sloping. This happens because, the firms consumers in a market will always demand more at low prices. The demand and price are inversely related.

8 0
1 year ago
You are the CEO of a national apparel retail chain and want to add three new stores. Which of the following tools will best help
solmaris [256]

Answer:

A-Intelligent agent

Explanation:

Intelligent agent is a term in artificial intelligence that refers to an autonomous entity that acts with the aim of achieving a goal.

It uses observation by sensors and consequent actuators. Previous knowledge is also used to learn so that goal achievement is possible. They can perceive customer needs and perform some personalised customer service functions.

As a CEO you can use intelligent tool to analyse potential profitability of different locations.

8 0
1 year ago
"Your team is allocated a project involving a major client, the Beswick Company. Although the organization has many clients, thi
ser-zykov [4K]

Answer:

B. a high degree of centrality

Explanation:

According to the model of power, there are four contingencies of power which are; <u>centrality</u> ,substitutability, visibility and discretion and each may be high or low within the organization, depending on the scenario.

Centrality refers to <u>how dependent others are, on the person or group holding power, and to what extent the actions of those holding power can affect the people depending on them.</u>

The higher the number of people dependent on the power holder, the higher the degree of centrality.

Therefore, my team has a high degree of centrality because the work of several other teams are dependent on my team's performance.

6 0
1 year ago
Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost
Tcecarenko [31]

Answer:

The depreciation cost of the bus per unit is $ 1.4 which is purchased on January 1, 2019.

Explanation:

The depreciation cost per unit is computed as:

Depreciable asset = Cost - Salvage Value

                               = $205,860 - $7,900

                               = $197,960

Depreciation per unit = Depreciable asset /Useful life expected value

                                    = $197,960 / 141,400

                                    = $1.4

Therefore, the per unit cost is $1.4

8 0
1 year ago
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