Answer:
a) 39.304%
b) 67.91%
c) 14.17%
Explanation:
a. Given"
Offer terms = 1.8/10
Now,
The Effective annual interest rate is given as:
= 
on substituting the respective values, we get
= 
= 0.39304
or
= 39.304%
similarly,
b. for 2.8/10 net 30
Effective annual interest rate = 
= 0.6791
or
= 67.91%
c. for 1.8/10 net 60
Effective annual interest rate = 
= 0.1417
or
= 14.17%
Marketing of a boat cleaning company needs to account for targeting a segment of population that owns boats.
Explanation:
Here, in simple terms, the marketing strategy is missing the people it was supposed to target for their marketing.
The company working in the niche has to target boat owners specifically, which the marketing fails to do.
<u>Segmentation is an activity in which a wide net of marketing population is marketed to and then the clients are filtered out.</u> This is not a very effective method but it was essentially trying to <u>find which people look out for the service the company provides.</u>
Answer: 245
Explanation:
From the question, Audreys free-throw percentage this season is 0.875 and if she makes only 13 of her next 20 free throws, the percentage will drop to 0.860. To calculate the number of free throws Audrey has made this season goes thus:
Audrey's current rate = 0.875
Let us say y out of z should be 0.875
y/z = 0.875 ........ equation i
Therefore,
y+13/z+20 = 0.860 ........ equation ii
Recall that y/z = 0.875
y = 0.875z
Put the value of y into equation ii
y+13/z+20 = 0.860
0.875z + 13/z + 20 = 0.860
Cross multiply
0.875z + 13 = 0.860(z + 20)
0.875z + 13 = 0.860z + 17.2
Collect like terms
0.875z - 0.860z = 17.2 - 13
0.015z = 4.2
z = 4.2/0.015
z = 280
Since y =0.875z
y = 0.875 × 280
y= 245
Therefore, the number of throws Audrey made this season is 245
Answer:
Consumption this year=$40,000
Explanation:
Given Data:
Income this year= $60,000
Income Next year= $40,000
Market Interest Rate= 10% per year
Consumption next year=$62,000
Required:
Consumption this year=?
Solution:
Difference in amount for next year= Consumption next year-Income Next year
Difference in amount for next year=$62,000- $40,000
Difference in amount for next year=$22,000
This is the more amount which is required to spend $62,000 next year.
Consumption this year=
Consumption this year=$40,000
Answer:
equity = 45,800
Explanation:
working capital: current assets - current liaiblities = 41,300
net book value of long term assets: 97,400
long term debt 102,800
we will work with the accounting formula to solve for equity:
assets = liaibltiies + equity
we divide assets and liabilities in current and non-current:
current assets + long term assets = current liabilities + long-term debt + equity
we rearrenge the formula in order to sovle for equity:
(currnet asets - current liabilities) + long term assets - long-term debt = equity
41,300 + 97,400 - 92,900 = equity
equity = 45,800
