Quantitative methods of forecasting include sales force composite, exponential smoothing, and consumer market survey.
Quantitative methods of forecasting utilize numerical data and mathematical models to make future predictions. In this case, the three mentioned methods, sales force composite, exponential smoothing, and consumer market survey, fall under the umbrella of quantitative forecasting techniques.
1. Sales force composite: This method involves gathering input and insights from the sales team to estimate future sales. The sales force provides their individual forecasts, which are then aggregated and analyzed to create a comprehensive sales projection.
This method leverages the knowledge and experience of the sales team, who are closest to customers and market trends.
2. Exponential smoothing: Exponential smoothing is a time series forecasting technique that places more weight on recent data points while gradually decreasing the weight of older data points.
It uses historical data to forecast future values by smoothing out fluctuations and trends. The exponential smoothing method calculates a weighted average of past observations, giving more importance to recent observations.
3. Consumer market survey: Consumer market surveys involve collecting data directly from consumers through questionnaires, interviews, or online surveys.
These surveys aim to gather insights on consumer preferences, behaviors, and intentions. The collected data is then analyzed and used to make predictions about future consumer demand and market trends.
These quantitative methods provide a systematic approach to forecasting by leveraging numerical data, historical patterns, and consumer insights. They help organizations make informed decisions, plan for the future, and optimize their operations and strategies.
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suppose general electric paid its line workers $10 per hour in 2017 when the consumer price index was 100. suppose that deflation occurred and the aggregate price level fell to 85 in 2018. instructions: round your answers to two decimal places. a. ge needed to pay its workers $ in 2018 in order to keep the real wage fixed at $10. b. ge needed to pay its workers $ in 2018 if it wanted to increase the real wage by 12 percent. c. if ge kept the wage fixed at $10 per hour in 2018, in real terms, its workers got a % increase in wages.
The required answers are:
a.) $8.5
b.) $11.05
c.) 35%
a.) The corporation must take into consideration the decline in the Consumer Price Index to account for the deflation in order to maintain the real wage (RW) at $10:
RW = 10 × 85/100
=8.5
In 2018, GE had to pay its employees $8.
b.) Simply multiply the real wage shown in item a.) by 1.2 to raise it by 12%:
RW = 8.5 × 1.3
=11.05
In order to raise the real salary by 10% in 2018, GE had to pay its employees $8.80.
c.) Subtract one and divide the new wage by the anticipated actual wage to determine the amount of the increase.
(11.05 - 8.5)\(/\)8.5
= 35%
Real salaries for its employees increased by 35%.
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which one of the following statements regarding corporations is correct?A. A corporation is a separate legal entity.B. A corporation has easy transferability of ownership.C. A corporation may have the ability to raise large amounts of capital.D. A corporation's owners have unlimited liability.
A corporation is a separate legal entity is a most correct among the following regarding corporation.
Option A is correct.
Corporation:A corporation is a type of business owned by shareholders who elect a board of directors to oversee the company's operations. The business's actions and finances are the responsibility of the corporation, not the shareholders.
What is a corporation's purpose?Academics refer to the "shareholder primacy norm," and many refer to the task of corporate managers as "shareholder wealth maximization." Today, the standard response is that a corporation exists to benefit its shareholders.
What is the corporate structure?A management team and a board of directors make up the most common corporate structure in the United States. Most of the time, there are both inside directors who work every day at the company and outside directors who can make sound decisions.
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Where is the row selector located in Datasheet view?
above the top row of data
below the last row of data
to the left of the leftmost data
to the right of the rightmost data
Answer:
to the left of the leftmost data
Explanation:
A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.
A Datasheet view is simply the rows and columns of data in a table that are being displayed in database software application such as Microsoft Access and Excel.
In DBMS, rows are numbered numerically as 1, 2, 3, 4, 5, etc. from top to bottom while columns are labeled alphabetically as A, B, C, D, E, etc. from left to right. Thus, a row is the horizontal arrangement of cell while column is the vertical arrangement of cell in a spreadsheet (table of cells).
Generally, the row selector is located to the left of the leftmost data in Datasheet view.
Answer:
c
Explanation:
How does a project manager evaluate the scope of a project?
Determine the overall work that needs to be completed to deliver the desired product, service, or end result
Estimate some of the resources that are needed to deliver the desired product, service, or end result
Evaluate the time it will take to deliver the desired product, service, or end result
Guess how much money it will cost to deliver the desired product, service, or end result
Stating in an answer for future reference, it's A, "Determine the overall work that needs to be completed to deliver the desired product, service, or end result".
No "Tutor" needed.
Which persuasive appeal do you think is the most effective in advertising? Explain.
why does the production possibilities curve have a shape which bows outward? b. given the following example of a production possibilities curve for the two goods, why would you not choose point a? c. given the following example of a production possibilities curve for the two goods, why would you not choose point x? 1 good z
The production possibilities curve (PPC) is a graphical representation of the tradeoffs a society faces when allocating scarce resources between two goods.
The reason why the PPC has a bowed-out shape is due to the concept of increasing opportunity costs. As a society produces more and more of a particular good, the opportunity cost of producing an additional unit of that good increases. This occurs because resources are not equally efficient in producing both goods.
Therefore, as a society moves along the PPC, they must give up increasing amounts of the other good to produce more of the first good.
In the given example of a PPC for two goods, if we consider point A, we can see that it represents a combination where all resources are being used to produce good X. This means that society is producing zero units of good Y.
However, since society has a limited amount of resources, it may not be the best choice to produce only one good and completely ignore the production of another. This point is not efficient as it does not use all available resources to their full potential.
Similarly, if we consider point X, we can see that it represents a combination where all resources are being used to produce good Z. However, there is no production of either good X or Y. This point is also inefficient as it does not fully utilize all resources and society is losing out on the production of goods X and Y.
In conclusion, the bowed-out shape of the PPC represents the increasing opportunity cost of producing more of one good. Points A and X are both inefficient choices as they do not utilize all available resources and ignore the production of at least one good.
To maximize the use of resources and produce efficiently, a society should aim to produce at a point on the PPC where all available resources are being used and where production of both goods is balanced.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
hello , What are three common tools for qualitative research in business and marketing?
Answer:
they would be in-depth interviews, focus group discussions and observation over data
Explanation:
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theory of bureaucracy
1. In a bureaucracy, a manager’s formal authority derives from the position he or she holds in the organization
2. In a bureaucracy, people should occupy positions because of their performance, not because of their social standing or personal contacts
3. The extent of each position’s formal authority and task responsibilities, and its relationship to other positions in an organization, should be clearly specified
4. For authority to be exercised effectively in an organization, positions should be arranged hierarchically, This helps employees know whom to report to and who reports to them
5. Managers must create a well-defined system of rules, standard operating procedures, and norms so that they can effectively control behaviour with an organization
The theory of bureaucracy, as proposed by Max Weber, encompasses several key principles:
Formal Authority: In a bureaucracy, a manager's authority is derived from their formal position within the organization. This means that their power and decision-making ability are based on the responsibilities assigned to their role.
Merit-Based Selection: Bureaucracies should prioritize selecting individuals for positions based on their performance and qualifications rather than social standing or personal connections. This promotes a system of meritocracy, where competence and expertise are valued.
Clear Job Descriptions: Each position within a bureaucracy should have clearly defined tasks, responsibilities, and authority. This ensures that employees understand their roles and the scope of their decision-making powers.
Additionally, the relationships between different positions should be specified to facilitate coordination and communication.
Hierarchy and Chain of Command: Bureaucracies are structured hierarchically, with a clear chain of command. This arrangement establishes reporting lines and indicates who holds authority over whom. It helps employees understand the organizational structure and their place within it.
Rules and Standardization: Bureaucracies rely on formalized systems of rules, standard operating procedures, and norms. These establish guidelines for behavior, decision-making, and interactions within the organization. Standardization promotes consistency, fairness, and predictability in how tasks are performed and decisions are made.
Overall, the theory of bureaucracy emphasizes the importance of formal authority, merit-based selection, clear job descriptions, hierarchy, and rule-based control. While bureaucracy has been criticized for potential inefficiencies and rigidities, it remains a widely used organizational model due to its focus on structure, order, and accountability.
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A good time to observe the dress code to prepare for your first day is during
a your interview
b. your second day
your Orientation
d the weekend
A good time to observe the dress code to prepare for your first day is during an interview. Thus, option A is correct.
What is interview?A planned interaction in which one party asks questions and the other responses is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.
In general, the individual should dress professionally or in business clothes for a job interview. The interview is a dialogue in which you and your prospective employer exchange information.
Therefore, it can be concluded that During an interview is a wonderful opportunity to review the dress code in order to get ready for your first day. Therefore, choice A is correct.
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TM
Find three websites that offer advice on how to manage restaurant staff well. Make sure that at least one of these sites is from an established source such as a professional organization or an expert in the field. Provide the links for the sites that you used and the article titles.
Then use your chosen sites to answer the questions:
1. What ideas or themes do the websites you chose have in common? Select two common themes and explain why they are important.
2. Other than the themes just discussed, what do you think is the best piece of advice that you read? Explain vour answer
3. Which piece of advice that you read about might be hardest to implement? What challenges could it potentially create?
4. Consider the advice from the employee's point of view. Discuss the point you read about that you think employees would appreciate most.
5. If you had to recommend one of the websites/articles as being the most useful, which would it be and why?
The "Managing Employees" article from the National Restaurant Association would be one of the most helpful if I had to choose one of the websites or articles.
Three websites provide guidance on effective staff management for restaurants:
National Restaurant Association (https://restaurant.org/)
Toast Tab (https://pos.toasttab.com/)
Up serve (https://upserve.com/)
Write the Answers of he following Questions of the chosen sites?The effective communication and training themes are common to all of the websites. It is important to communicate well because it helps to reduce misunderstandings and improve teamwork among employees.
I read that providing employees with regular feedback was one of the best pieces of advice.
The suggestion that may be hardest to carry out is to consider representatives responsible for their presentation.
The significance of creating a positive work environment is one aspect that employees would appreciate the most.
The "Managing Employees" article from the National Restaurant Association would be one of the most helpful if I had to choose one of the websites or articles.
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4.02 day 2 in business
4.02 Key Terms in Business are
Purchasing: The buying of goods and services for a business.Purchasing Order: The form that a business fills out to order goods; may be the same as a purchase agreement or purchase contract.Purchasing Process: A series of sequential steps taken by purchasing specialists to buy goods and services for a business.What is Purchasing?
The organized procurement of products and services in favor of the buying entity is known as purchasing. To guarantee that necessary materials are acquired in a regular manner and at an affordable cost, purchasing actions are required.
What is purchasing order?
A purchase order, which specifies types, quantities, and agreed-upon prices for goods or services, is a commercial document and the first formal offer made by a buyer to a supplier. It is employed to regulate the acquisition of goods and services from outside providers.
What is Purchasing Process?
The proper procedure of purchasing products and services is called purchasing. While the purchasing process can differ from one firm to another, there are some fundamental components that are universal. A demand or necessity, which could be for a product or service, typically kicks off the process.
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Carolina Biological Supply Company sells science instructional materials. It wants to grow beyond the current customer base and identify potential markets besides the public education systems. What is the order it should follow to take in the market targeting process?
Explanation:
The factors about the website that you want to consider to make sure you are viewing a reliable source are:
-Expertise of the site: Check if the websites specialize in information related to careers to make sure they have knowledge about the topic.
-Well-known organization: Validate if the organization that manages the website is well established and is considered reliable.
-Date and author: Look for the date to make sure the information is up to date and avoid information with anonymous authors.
-Site's look: Consider if the website has a professional appearance as that can show that it could be reliable. However, other factors have to be taken into account.
HELPP on question 10
Answer:
land?
Explanation:
Answer:
Land
Explanation:
Banks create money by ______. a. making loans b. increasing the desired reserve ratio c. sending out credit cards to depositors d. printing more $20 bills
Banks create money by making loans.
Banks are thought of as lenders. Generally, banks generate money by taking out loans from customers and paying them back with interest. Banks will lend the money to borrowers with higher interest rates and revenue from the interest rate margin.
Banks usually diversify their business portfolios and make money from nontraditional financial services like wealth management and investment banking.
1) Interest-based income
2) Market revenues
3) Revenue from fees
For the majority of commercial banks, interest income is their main source of income.
Capital Markets Income:
By offering a range of services, banks support capital market activity. Income from Capital markets generate by offering a range of services, banks assist capital market activity.
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if the government determines whether you get an apartment, you are most likely living in a [1] economy. In a [2] society, the government controls the resources. In a [3] society, the community in theory is supposed to control the resources, but in reality, the [4] does.
[1]- a. command
b. market
c. traditional
[2]- a. capitalist
b. communist
c. socialist
[3]- a. capitalist
b. communist
c. socialist
[4]- a. government
b. individual
c. market
Answer:
1. a. Command
2. c. Socialist
3. b. Communist
4. a. Government
Explanation:
"If the government determines whether you get an apartment, you are most likely living in a Command economy. In a Socialist economy, the government controls the resources. In a Communist society, the community, in theory, is supposed to control the resources, but in reality, the Government does."
1. A command economy is a type of economy where the government determines what is produced when it is produced, the quantity, as well as the price at which commodities are produced. The government also determines other activities in the economy such as the assignment of living spaces as well as the investments in the economy.
2. A socialist economy is an economy where goods are produced for consumption and are distributed to ensure equity by a centrally placed authority, which is the government.
3. A communist society according to Karl Marx is a classless society where all the resources belong to the entire community and properties are not owned by private individuals. In reality, though, the government actually controls the resources in this type of society. China is a country that practices communism.
Which of the following concepts holds that consumers will favor products that are available and highly affordable?A) the marketing conceptB) the product concept C) the societal marketing conceptD) the selling conceptE) the production concept
The concept that holds that consumers will favor products that are available and highly affordable is the production concept. The production concept assumes that consumers are more likely to buy a product that is widely available and affordable.
The concept is one of the oldest concepts in business and is still in use today.The production concept holds that businesses can achieve economies of scale by producing large volumes of a product. As production increases, the cost of producing each unit goes down, which allows the business to charge a lower price. This lower price, in turn, makes the product more accessible to consumers.The production concept is best suited to industries that are characterized by high demand and low supply. In such industries, businesses are more likely to benefit from producing large volumes of a product.
For example, businesses that produce basic goods such as food and clothing are likely to benefit from the production concept. The marketing concept, on the other hand, is centered around identifying and satisfying the needs of consumers. The product concept is centered around the quality and design of a product. The selling concept is centered around promoting a product, while the societal marketing concept is centered around the social responsibility of businesses.
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turnkey projects would be commonly associated with which three industries? (check all that apply) pharmaceuticalmetal-refiningchemical
Turnkey projects are generally connected with which three industries: pharmaceutical, metal-refining, and chemical. options (A),(B) and (C) is correct.
Turnkey projects are a method for sending out process innovation to different nations. They are generally normal in the compound, drug, oil refining, and metal refining enterprises, all of which utilize complicated, costly creation advances.
This kind of task is developed so it tends to be offered to any purchaser as a finished item. Instances of turnkey projects The impending Jewar Air terminal task is a turnkey project. Zurich Air Terminal Global, a Swiss enterprise, is making it.
Therefore, options (A),(B), and (C) is correct.
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This question is not complete, Here I am attaching the complete question:
Turnkey projects would be commonly associated with which three industries? (check all that apply)
(A) pharmaceutical
(B) metal-refining
(C) chemical
(D) licensing
Which method for calculating credit card balances is best for the customer who made a large purchase in the current month but has not made any
payments yet?
A. Previous balance method
B. Average monthly balance method
C. Adjusted balance method
D. Average daily balance method
The method for calculating credit card balances that is best for the customer who made a large purchase in the current month but has not made any payments yet is this: A. Previous balance method.
What is the previous balance method?The previous balance method is a way of calculating the credit card balance of customers who made a large purchase in the current month but have not made any payments yet.
This type of method helps the salesperson to know what is currently available and what is expected when the customer pays up.
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In the 1980s, the U.S. government budget deficit rose. At the same time the U.S. trade deficit grew larger, the real exchange rate of the dollar appreciated, and U.S. net capital outflow decreased. Which of these events is contrary to what the open-economy macroeconomic model predicts concerning the effects of an increase in the budget deficit? The U.S. trade deficit grew. The real exchange rate of the dollar appreciated. U.S. net capital outflow fell. None of the above is contrary to the predictions of the model.
Answer:
None of the above is contrary to the predictions of the model.
Explanation:
The budget deficit is when the government spends more than the revenue it makes. Based on the information given, the trade deficit of the United States will grow.
Furthermore, the real exchange rate of the dollar will appreciate and the net capital outflow of the United States will fall as imports will be more than goods exported.
Therefore, the correct option is "None of the above is contrary to the predictions of the model".
Someone help me in my homework please?
Answer:
im sorryi wish i was good at math
Explanation:
im failing math btw
Who is a better president Biden or trump ?? Just to see why some people support whoever they support.... but Biden 2020 (HONEST ANSWERS)
Answer:
Sorry dud but Trumps better
Although to be honest both of them suck. Sorry if that offended some people but its my opinion.
Biden is a lier people say he cheated during the election.
Explanation:
I really need help with this
If 110 units of the good are currently being produced, then Some units costing more to produce than consumers are willing to pay for them are being produced.
What does the supply curve show ?The price and amount of a good that a seller is prepared and willing to supply are displayed on a supply curve. A curve that depicts the relationship and price equilibrium between supply and demand on a market for an item or service is called an individual demand/supply curve.
The curve here shows that with 110 units being produced, this is a production level that leads to too much products in the economy which then have prices that some consumers are not willing to pay because they expect it to be cheaper.
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Which of the following examples demonstrate education and qualifications that are most helpful for Energy
Generation careers? Check all that apply.
Lorena can work for long hours in challenging conditions.
Vaughn is creative in thinking of new ways to harvest materials from the ground.
Richelle is a Hydroelectric Production Manager with a bachelor's degree.
Georgiana is a Loading Machine Operator with a master's degree.
Nolan is good at persuading customers to purchase products.
Randy knows how to operate a cash register to process customer payments.
Answer:
Lorena can work for long hours in challenging conditions.
Vaughn is creative in thinking of new ways to harvest materials from the ground.
Richelle is a Hydroelectric Production Manager with a bachelor’s degree.
Energy is referred to as the capability or the capacity to work that is acquired only when the individual has some knowledge about the task that has to be performed.
The correct options are:
Lorena can work for long hours in challenging conditions. Vaughn is creative in thinking of new ways to harvest materials from the ground. Richelle is a Hydroelectric Production Manager with a bachelor’s degree.These options best illustrate the education and qualification that is very and utmost useful for energy. The energy here means the growth and development of the individual. This is only possible when the person carries some of the education and the qualification in his hands to stand in the crowd with confidence and clarity in the performance.
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The MPC for an economy is Group of answer choices the slope of the consumption schedule or line. 1 divided by the slope of the consumption schedule or line. 1 divided by the slope of the savings schedule or line. the slope of the savings schedule or line.
The MPC (Marginal Propensity to Consume) for an economy is the slope of the consumption schedule or line. This represents the change in consumption for every change in income.
The higher the MPC, the more responsive consumers are to changes in income, leading to a greater impact on the economy. Consumption is a key driver of economic growth and is influenced by factors such as income, interest rates, and consumer confidence. The MPC (Marginal Propensity to Consume) for an economy is the slope of the consumption schedule or line.
It represents the change in consumer spending that occurs with a change in disposable income. In other words, it is the fraction of additional income that is spent on consumption. The formula for MPC is the change in consumption divided by the change in disposable income.
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after successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of cornwall enterprises. unfortunately, you will be the only person voting for you. if the company has 440,000 shares outstanding, and the stock currently sells for $53, how much will it cost you to buy a seat if the company uses straight voting
If the corporation employs straight voting, the price to purchase a seat will be 4664053.00.
Straight voting, also referred to as statutory voting, is a type of corporate voting that can be used to choose directors or cast votes on significant issues (e.g., voting on auditors, mergers and acquisitions opportunities, etc.). Each share typically has one vote per director position when choosing a new director.
=shares required*share cost
=((440000/2)+1)*53
=11660053.00
2)
Needed share percentage equals 1/(4+1)=20%
What is the price of a seat if the corporation employs cumulative voting?
=shares required*share cost
=((440000*20%)+1)*53
=4664053.00
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what did dwight eisenhower explain as the opportunity cost of the nuclear buildup due to scarcity?
The opportunity cost of the nuclear buildup due to scarcity, as explained by Dwight Eisenhower, was that resources, both financial and human, that would have been used to fund other projects or initiatives were instead diverted to the nuclear buildup.
This, in turn, limited the ability of the government to fund other programs and initiatives that may have been of economic and social benefit.
The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost."
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what should be the first step to feed potential problems into problem solving session
The first step to feed potential problems into a problem-solving session is to gather relevant data and information about the problems.
Before diving into a problem-solving session, it is crucial to have a clear understanding of the potential problems at hand. This requires gathering relevant data and information related to the issues. This step involves conducting research, analyzing available data, and gathering input from stakeholders who are directly or indirectly affected by the problems.
By gathering data and information, you can identify and define the problems more accurately. It helps in gaining insights into the root causes, understanding the impact on various aspects, and recognizing any patterns or trends associated with the problems. This step provides a solid foundation for effective problem-solving by ensuring that the session is focused and addresses the actual issues.
The first step in feeding potential problems into a problem-solving session is gathering relevant data and information. This step enables a comprehensive understanding of the problems, facilitating more effective problem-solving strategies and solutions.
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Benjamin's credit card has an APR of 19%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the month after the first purchase. His credit card record for the last 7 months is shown in the table below. End of Previous New Payment Finance Principal New month balance charges received charges paid balance. What is the total amount that Benjamin has made in payments over the 7 months?
O A. $59.38
O B. $47.01
O c. $225.64
O D. $285.02
To solve this question, we need to calculate Benjamin's monthly payments of credit card by taking 2% of his previous month's balance and add any new charges he made during that month.
We can then subtract the payment amount from the total amount owed to find the new principal balance.
Using the given table, we can calculate the monthly payments as follows:
Month 1: Payment = 2% x $0 + $115.00 = $115.00. New principal balance = $115.00 + $115.00 x 0.19 / 12 = $116.75.
Month 2: Payment = 2% x $116.75 + $89.43 = $92.14. New principal balance = $116.75 + $89.43 - $92.14 = $114.04.
Month 3: Payment = 2% x $114.04 + $78.51 = $80.19. New principal balance = $114.04 + $78.51 - $80.19 = $112.36.
Month 4: Payment = 2% x $112.36 + $72.02 = $74.86. New principal balance = $112.36 + $72.02 - $74.86 = $109.52.
Month 5: Payment = 2% x $109.52 + $67.23 = $70.95. New principal balance = $109.52 + $67.23 - $70.95 = $105.80.
Month 6: Payment = 2% x $105.80 + $60.68 = $63.10. New principal balance = $105.80 + $60.68 - $63.10 = $103.38.
Month 7: Payment = 2% x $103.38 + $54.35 = $56.67. New principal balance = $103.38 + $54.35 - $56.67 = $101.06.
To find the total amount that Benjamin has made in payments over the 7 months, we add up all the payments he made:
$115.00 + $92.14 + $80.19 + $74.86 + $70.95 + $63.10 + $56.67 = $552.91.
Therefore, the answer is not one of the options provided.
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food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the _______ element of the marketing mix to meet customer needs.
Answer:
product
Explanation:
Food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the product element of the marketing mix to meet customer needs.
The features of a product includes quality level, brand name, styling, and packaging. They always influence sales of produce.
Products of companies often contains components which the consumer uses when evaluating alternatives.
Conclusively, The components are the market, the problem, the solution, and the product itself
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