Answer:
The correct answer is letter "C": match the competitors ad campaign but with lower prices.
Explanation:
If it is confirmed that the number of breakfast customers of the fast-food chain restaurant has dropped because of its competitor's implementation of a "good-to-go" breakfast menu, the fast-food chain restaurant should strike back with a similar sale strategy for the breakfast menu but reducing the prices without falling into predatory pricing. The restaurant should also find out a way of improving the current service its competitor is providing to engage the consumers.
A verbal contract is generally legally binding, but enforcement requires a significant burden of proof. In this particular instance, there would be exceptional difficulties in compelling Chris to pay.
Answer:
The probability that a person selected at random has virus and is aged between 21 and 25 is 0.58.
Explanation:
let A be the event that the selected person has a virus.
let B1, B2 and B3 be the events that the selected perosn is M, W and L accordingly.
the probabilities are given by:
P(B1) = 0.3
P(B2) = 0.5
P(B3) = 0.2
P(A|B1) = 0.65
P(A|B2) = 0.82
P(A|B3) = 0.5
probability of having virus and aged between 21 and 25 is given by:
[P(B2)*P(A|B2)]/[P(B1)*P(A|B1) + P(B2)*P(A|B2) + P(B3)*P(A|B3)]
= [(0.5)*(0.82)]/[(0.3)*(0.65) + (0.5)*(0.82) + (0.2)*(0.5)]
= 0.58
Therefore, the probability that a person selected at random has virus and is aged between 21 and 25 is 0.58.
Answer:
$312,000
Explanation:
Given that,
August Sales = $300,000
July sales = $330,000
Customer amounts on account are collected 60% in the month of sale and 40% in the following month.
Cash Receipts during August:
= (August Sales × 60%) + (July Sales × 40%)
= ($300,000 × 60%) + ($330,000 × 40%)
= $180,000 + $132,000
= $312,000
Therefore, the cash is budgeted to be received during August is $312,000.
Answer:
bond's selling price is $6154
Explanation:
given data
face value = $5,000
interest = 8 % of face value
rate = 6.5 %
to find out
bond's selling price
solution
we find interest that is
interest = 8 % of face value
interest = 8 % × 5000
interest = 400
so we consider bond selling price is x
so
bond selling equation will be
interest = rate × bond selling price
400 = 0.065 × x
x = 6154
so bond's selling price is $6154
