The product strategy enables you to focus on a specific target market and feature set, instead of trying to be everything to everyone.
What is product segmentation strategy?A product segmentation strategy is when a business splits their product into several segments, each designed to cater to a certain industry, demographic, or another customer segment, and the process they use to achieve that goal.Product strategy is often called the roadmap of a product and outlines the end-to-end vision of the product and what the product will become. Companies utilize the product strategy in strategic planning and marketing to identify the direction of the company's activities.Market segmentation is a marketing term that refers to aggregating prospective buyers into groups or segments with common needs and who respond similarly to a marketing action.A product strategy outlines a company's strategic vision for its product offerings by stating where the products are going, how they will get there and why they will succeed.To learn more about product segment refer to:
https://brainly.com/question/29333694
#SPJ4
businesses can compensate employees for work they produce when being paid by
Explanation:
Structured incentive pay is set by specific sales or production goals and paid to employees at a percentage or flat rate. For example, you set a goal for $50,000 in sales for the fiscal year. If you reach that goal, you give each employee a bonus equaling 2% of their annual salary
In 1989, the cpi was 124. 0. In 1990, it was 130. 7. What was the rate of inflation over this period?.
Inflation rate in Year 2
= CPI in Year 2 - CPI in Year 1 X 100
CPI in Year 1
= 5.4
If inflation remains extended for too long, it can lead to something economists call hyperinflation. That is when expectations that fees could keep growing fuel greater inflation, which reduces the actual fee of every dollar in your pocket.
Economists and economic professionals agree on one element: better fees will in all likelihood close nicely into the next 12 months if no longer. And means individuals will keep experiencing the ache of higher fees for the foreseeable destiny.
Inflation will harm folks who keep cash financial savings and workers with constant wages. Inflation will benefit people with massive money owed who, with growing prices, locate it less complicated to pay back their debts.
Learn more about Inflation here https://brainly.com/question/14878357
#SPJ4
Match the terms with the appropriate definition.
1. arbitration
desired outcome or achievement
2. bilingual
ability to use two languages fluently
3. compromise
the act of training an employee to also perform tasks performed by another employee
4. constructive criticism
activities outside the scope of your education or employment that enhance personal development and pleasure
5. cross-training
when a third party is consulted to make a final decision in resolving a conflict
6. extracurricular activities
explaining an error to another person in a positive way and offering ideas to avoid similar mistakes in the future
7. goal
to give up something to resolve a conflict
Answer:
1. goal
2.correct
3.cross training
4.extracurriculars
5.arbitration
6.constructive criticism
7.compromise
Place the generational cohorts in the correct order from oldest to youngest. NOTE: the generation with the oldest age members should be the top item in your
Instructions
Need help? Review these concept resources.
Millennials
Generation X
Generation Alpha
Baby boomer
Generation Z
In terms of describing today's youngsters, Generation Z, Generations Alpha is the most appropriate term.
The Silent Generation, Baby Boomers, Generation X, and Millennials are just a few of the generations that make up the generational categories that the Pew Research Center regularly updates. Gen Z birth years were introduced by the organisation in 2019 officially. Several sources have since offered their opinions on the Gen Alpha age ranges. For each generation, see below for the most recent definitions:
The Silent Generation: Born 1928-1945 (78-95 years old)Baby Boomers: Born 1946-1964 (59-77 years old)Gen X: Born 1965-1980 (43-58 years old)Millennials: Born 1981-1996 (27-42 years old)Gen Z: Born 1997-2012 (11-26 years old)Gen Alpha: Born early 2010s-2025 (0-about 10 years old)Learn more about generational cohorts: https://brainly.com/question/29060025
#SPJ1
Answer:
baby boomers
gen x
millennials
gen z
gen alpha
Explanation:
Who are the main participants in a business?
Answer:
its owners, employees, and customers
cammy takes out a fully-amortized, fixed-rate loan for her new vacation home on lake placid. when cammy's mother asks her to fly to singapore for their family vacation, cammy tells her mother she doesn't know if she can afford it, as her loan payments could fluctuate. analyze if cammy is correct. Cammy IS correct; her loan payments could change at any time.
Cammy is NOT correct; her loan payments may fluctuate, but they will not exceed a specified amount.
Cammy IS correct; her loan payments will increase every month.
Cammy is NOT correct; she has a fully-amortized, fixed-rate loan, so she knows exactly how much her monthly payments will be.
The last answer to this question is correct. Cammy is NOT correct; she has a fully-amortized, fixed-rate loan, so she knows exactly how much her monthly payments will be.
Over the life of the loan, a fixed-rate loan provides a stable interest rate and monthly mortgage payment. Fixed-rate loans are normally available for lengths of 10, 15, 20, or 30 years, while other options may be available also.
In general, fixed student loan interest rates are preferable to fluctuating rates. This is because fixed rates never vary, whereas variable rates might fluctuate monthly or quarterly in reaction to economic conditions.
Learn more about fixed rate loan here brainly.com/question/12486376
#SPJ4
Planet Company had the following historical accounting data per unit: Direct materials $70 Direct labor 40 Variable overhead 20 Fixed overhead 30 Variable selling expenses 50 Fixed selling expenses 12 The units are normally transferred internally from Division A to Division B. The units also may be sold externally for $220 per unit. The minimum profit level accepted by the company is a markup of 35%. There were no beginning or ending inventories. What would be the transfer price if Division A uses full cost plus markup
Answer:
$216
Explanation:
Calculation to determine What would be the transfer price if Division A uses full cost plus markup
Using this formula
Transfer price = Direct Material + Direct Labor + Variable Overhead + Fixed Overhead
Let plug in the formula
Transfer price = (70 + 40 + 20 + 30)+(70 + 40 + 20 + 30*35)
Transfer price = 160+(160*35%)
Transfer price = 160 + 56
Transfer price = 216
Therefore What would be the transfer price if Division A uses full cost plus markup is $216
6x²+x-28
solve this everyone
Answer:
x = 2.0785 and x = -2.245
Explanation:
The following is the step by step solution to the problem.
6x² + x - 28 = 0
Where,
a = 6
b = 1
c = -28
Using the formula,
x = [(-b + √((b)² - 4ac)) / 2a] and x = [(-b - √((b)² - 4ac)) / 2a]
x = [(-1 + √((1)² - 4(6)(-28))) / 2(6)] and x = [(-1 - √((1)² - 4(6)(-28))) / 2(6)]
x = [(-1 + 25.94) / 12 and x = [(-1 - 25.94) / 12
x = 2.0785 and x = -2.245
application sick live
what is local business
never start a project unless all resources are available
In March 2022, Samsung was the market leader with 48.12% of the market share mobile device vendors in South Africa. Evaluate whether such a high market share for one company is in the consumers’ interest. Use appropriate diagrammatic analysis to support your answer.
A high market share for one company may not be in the consumers' interest.
To evaluate whether a high market share for one company is in the consumers' interest, we need to consider the potential effects on competition, consumer choice, and pricing. Let's analyze the situation using diagrammatic analysis.
Market Structure:
A high market share for one company suggests a dominant market position. This can be represented by a monopoly or oligopoly market structure. In a monopoly, there is a single dominant company, while an oligopoly consists of a few large firms.
Consumer Choice:
In a market dominated by one company, consumer choice may be limited. With fewer competitors, there may be less diversity in product offerings, features, and pricing options. This lack of variety can restrict consumers' ability to choose products that best suit their preferences and needs.
Pricing:
A dominant company may have the power to influence prices in the market. With limited competition, they can potentially set higher prices, reducing consumer welfare. Higher prices can lead to reduced affordability and may discourage innovation and improvements in products and services.
Innovation and Quality:
Intense competition typically drives companies to innovate and improve their products to attract customers. In a highly concentrated market, the dominant company may have less incentive to invest in research and development or improve product quality, as there is less competitive pressure to do so. This could result in slower innovation and lower overall product quality.
Based on these considerations, a high market share for one company may not be in the consumers' interest. Limited competition can result in reduced consumer choice, potentially higher prices, slower innovation, and lower product quality.
Diagrammatic analysis:
A diagrammatic representation can help illustrate the potential effects of a high market share. Consider a simple demand and supply diagram with the quantity of mobile devices on the x-axis and the price on the y-axis.
In a competitive market, the supply curve represents the combined output of multiple firms, leading to a lower equilibrium price (Pc) and a higher equilibrium quantity (Qc) due to competition. Consumers have more choices and potentially lower prices.
However, in a market with a dominant company, the supply curve may shift or become more inelastic. This can result in a higher equilibrium price (Pm) and a lower equilibrium quantity (Qm) compared to the competitive market. Consumers may have limited choices and potentially higher prices.
Overall, the diagrammatic analysis supports the notion that a high market share for one company may not be in the consumers' interest, as it can lead to reduced competition, limited consumer choice, potentially higher prices, and less incentive for innovation and quality improvements.
for more such questions on market
https://brainly.com/question/25369230
#SPJ11
Outline and describe the main types of Communication in your own words. Give one practical example for each type to support your discussion.
Answer:
There are four main types of communication: verbal, nonverbal, written, and visual.
1. Verbal communication involves the use of words to convey a message. This can be done through spoken or written language. Verbal communication can be formal or informal, and it is often used in face-to-face conversations, meetings, presentations, and interviews. A practical example of verbal communication is a teacher giving a lecture to a classroom full of students.
2. Nonverbal communication involves the use of body language, facial expressions, and other nonverbal cues to convey a message. This can include gestures, eye contact, posture, and tone of voice. Nonverbal communication is often used in conjunction with verbal communication to reinforce a message or convey meaning. A practical example of nonverbal communication is a job interview, where the interviewer may use body language to convey their interest or disinterest in a candidate.
3. Written communication involves the use of written words to convey a message. This can include emails, memos, reports, and letters. Written communication is often used in business and academic settings, where a permanent record of the communication is required. A practical example of written communication is a business proposal that is sent to a potential client.
4. Visual communication involves the use of images, graphics, and other visual aids to convey a message. This can include charts, diagrams, videos, and photographs. Visual communication is often used in advertising, marketing, and design, where visual impact is important. A practical example of visual communication is a billboard that advertises a new product.
In summary, each type of communication has its own strengths and weaknesses, and they are all important in different contexts. Effective communication requires a combination of these four types, depending on the situation and the message that needs to be conveyed.
wages accrued but not paid at july 31 are 1200
Answer:
Accrued wages refers to the amount of liability remaining at the end of a reporting period for wages that have been earned by hourly employees but not yet paid to them. This liability is included in the current liabilities section of the balance sheet of a business.Sha. 11, 1438 AH
Explanation:
Which of the following scenarios involves no opportunity cost?
a. It's Friday night and you stay up late talking and hanging out with your friends.
b. You eat lunch with the chemistry club, which is giving out free pizza for lunch to all who come to their table to get it.
c. Naomi, age 8, is at a bookstore and chooses to buy a book about a young wizard instead of buying a math textbook that she would probably never open.
d. Chez Moi and Chez Nous, two premiere French restaurants with three Michelin stars, both offer you a full-time sous chef job at the same salary. You are ecstatic because you know it is a win-win scenario and choose to work for Chez Nous.
e. All of these scenarios have an opportunity cost.
In each case there is an opportunity cost because for every decision we make, we are forgoing the opportunity to do something else, which is the true cost of our decision.
Explanation:Opportunity cost, in simple terms, refers to the loss or potential gain of other alternatives when one alternative is chosen. Therefore, in each of the described scenarios there is an opportunity cost. In option 'a', the opportunity cost could be a good night's sleep or time that could have been spent doing something more productive. In 'b', even though the pizza is free, the opportunity cost could be spending that time elsewhere or eating something else. In option 'c', Naomi has the opportunity cost of not getting the math book. In case 'd', the opportunity is the other offer you had. Therefore, the correct answer is 'e. All of these scenarios have an opportunity cost.' This is because in every decision, there is always an opportunity cost - the cost of the forgone alternative. The best way to think about opportunity cost is as a trade-off. Whenever we make a decision, we are trading off the opportunity to do something else.
Learn more about Opportunity Cost here:https://brainly.com/question/32971162
#SPJ2
How many pounds of RCRA hazardous waste can a CESQG/VSQG generator per month
The maximum amount of RCRA hazardous waste that a CESQG can generate per month is 220 pounds (100 kilograms) of non-acute hazardous waste, or one kilogram of acute hazardous waste.
How to explain the informationCESQG (conditionally exempt small quantity generator) and VSQG (very small quantity generator) are two different classifications of hazardous waste generators under the Resource Conservation and Recovery Act (RCRA) regulations in the United States.
The maximum amount of RCRA hazardous waste that a CESQG can generate per month is 220 pounds (100 kilograms) of non-acute hazardous waste, or one kilogram of acute hazardous waste.
Learn more about hazard on
https://brainly.com/question/7310653
#SPJ1
The following production data were taken from the records of the Finishing Department for June:
Inventory in process, June 1, 30% completed 4,000 units
Completed units during June 65,000 units
Ending inventory, 60% completed 65,000 units
The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process, is:______
Answer:
the equivalent units of production related to the material is 126,000 units
Explanation:
The computation of the equivalent units of production related to the material is shown below:
= Completed units + Ending inventory units - Beginning inventory units.
= 65,000 units + 65,000 units - 4,000 units
= 126,000 units
hence, the equivalent units of production related to the material is 126,000 units
Your crazy uncle left you a trust that will pay you $38,000 per year for the next 28 years with the first payment received one year from today. If the appropriate interest rate is 7.1 percent, what is the value of the payments today?
Tthe present value of the trust's payments is approximately $478,435.22.
How to solve for the present value\(PV = PMT * [(1 - (1 + r)^-^n) / r]\)
where:
PV is the present value (what we're trying to find)PMT is the annual payment ($38,000)r is the interest rate per period (7.1%, or 0.071 as a decimal)n is the number of periods (28 years)PV = $38,000 * [(1 - (1 + 0.071)^-28) / 0.071]
Calculating the result, we get:
\(PV = $38,000 * [(1 - (1.071)^-^2^8) / 0.071]\)
PV = $38,000 * [(1 - 0.1058) / 0.071]
PV = $38,000 * [0.8942 / 0.071]
PV = $38,000 * 12.5904
= $478,435.22.
So, the present value of the trust's payments is approximately $478,435.22.
Read more on present value here:https://brainly.com/question/20813161
#SPJ1
Beginning inventory, purchases, and sales for WCS12 are as follows:
Oct. 1 Inventory 320 units at $10
13 Sale 180 units
22 Purchase 360 units at $12
29 Sale 300 units
a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places.
$fill in the blank 1 per unit
b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost" to two decimal places.
$fill in the blank 2
c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places.
Answer:
Explanation:
a. The weighted average unit cost after the October 22 purchase can be calculated as follows:
Total cost of inventory available for sale = (320 units x $10 per unit) + (360 units x $12 per unit) = $3,840
Total units available for sale = 320 units + 360 units = 680 units
Weighted average unit cost = Total cost of inventory available for sale / Total units available for sale = $3,840 / 680 units = $5.65 per unit
Therefore, the answer is $5.65 per unit.
b. To determine the cost of goods sold on October 29, we need to calculate the cost of the units sold. The weighted average unit cost at the time of sale can be calculated as follows:
Total cost of inventory available for sale = (320 units x $10 per unit) + (360 units x $12 per unit) = $3,840
Total units available for sale = 320 units + 360 units = 680 units
Weighted average unit cost = Total cost of inventory available for sale / Total units available for sale = $3,840 / 680 units = $5.65 per unit
The cost of goods sold for the 300 units sold on October 29 can be calculated as follows:
Cost of goods sold = 300 units x $5.65 per unit = $1,695
Therefore, the answer is $1,695.
c. To determine the inventory on October 31, we need to calculate the total cost of the inventory that remains. The weighted average unit cost at the time of calculation can be calculated as follows:
Total cost of inventory available for sale = (320 units x $10 per unit) + (360 units x $12 per unit) = $3,840
Total units available for sale = 320 units + 360 units = 680 units
Weighted average unit cost = Total cost of inventory available for sale / Total units available for sale = $3,840 / 680 units = $5.65 per unit
The inventory on October 31 can be calculated as follows:
Inventory = (320 units + 360 units) - 180 units - 300 units = 200 units
Inventory value = 200 units x $5.65 per unit = $1,130
Therefore, the answer is $1,130.
Which of the following is considered a broad
field that determines the overall structure and
flow of a space or object?
A. Design
B. Project management
C. Sculpting
Design is considered as broad field that determines the overall structure and flow of a space or object.
What does Design mean in Art?Design is an art form, a method of human expression that employs a set of highly developed procedures to instill meaning in objects, performances, and experiences. Design, like any other art form, has the potential to solve problems, but there is no guarantee that it will.
To create amazing images, design allows you to control the viewer's eye. Each piece connects on the first try thanks to the use of contrast and shot composition. This includes thinking about how the viewer's attention will move from one area to the next and from one scene to the next.
Read more about design
brainly.com/question/2604531
#SPJ1
The price of a dozen eggs falls from $3 to $2.70. In response to this price change, the quantity supplied of eggs falls from 100,000 dozen eggs to 75,000 dozen eggs. What is the price elasticity of supply for eggs
The price elasticity of supply for eggs is 2.5.
What is the price elasticity of supply?The price elasticity of supply measures the percentage change in the quantity supplied when the price of a good changes.
The price elasticity of supply = percentage change the quantity supplied / percentage change in price.
percentage change the quantity supplied = (75,000 / 100,000) - 1 = -0.25 = 25%percentage change in price = (2.7 / 3) - 1 = -0.1 = -10%The price elasticity of supply = 25 / 10 = 2.5
To learn more about supply elasticity, please check: https://brainly.com/question/26634801
An associate is upset about not getting a promotion. The associate's manager told the associate it went to a more qualified associate, but did not provide any other information. The associate has asked to talk to you about the situation. Please rate the effectiveness of each response. Ineffective Slightly Moderately Highly
Effective Effective Effective
Meet with the associate and provide feedback on performance areas in need of improvement. Follow-up with the associate's manager and provide coaching on how to handle difficult conversations. Tell the associate to follow-up with Human Resources for performance feedback and resources to help with development. Meet with both the associate and the manager to develop an action plan to address development areas. Tell the manager to keep you updated on the associate's progress.
Tell the associate's manager about the requested meeting. Rather than meet with the associate, tell the manager to follow-up directly with the associate to discuss concerns about not getting the promotion.
The level or rate of the effectiveness of each response to the given associate is as follows:
- Meet with the associate and provide the feedback on the performance-based areas in need of improvement.
Follow-up with the associate's manager and provide coaching on how to handle strenuous conversations. - Moderate effective.
- Tell the associate to follow-up with the Human Resources for performance feedback and resources to help with the development. - slightly effective.
- Meet with both the associate and the manager to develop an action plan to address the development areas. Tell the manager to keep you updated on/about the associate's progress. - Highly effective.
- Tell the associate's manager about the meeting requested. Rather than that meet with the associate, tell the manager to follow-up directly with the associate to discuss about concerns about not getting the promotion. - Ineffective.
To learn more about associate, here:
https://brainly.com/question/30080868
#SPJ4
Holmes Company produces a product that can be either sold as is or processed further. Holmes has already spent $68,000 to produce 2,150 units that can be sold now for $89,500 to another manufacturer. Alternatively, Holmes can process the units further at an incremental cost of $250 per unit. If Holmes processes further, the units can be sold for $435 each. Compute the incremental income if Holmes processes further.
Answer:
$30,000
Explanation:
See solution below.
Sells as it is
Sales $89,500
Additional processing cost ($68,000)
Net profit or loss = $39,500
To process further
Sales (2,150 units × $435) $935,250
Additional processing cost
$68,000 + (2,150 units × $250) ($537,568)
Net profit loss $397,682
1) Which of the following statements is false? A) The variance increases with the magnitude of the deviations from the mean. B) The variance is the expected square deviation from the mean. C) Two common measures of the risk of a probability distribution are its variance and its standard deviation. D) If the return is risk-free and never deviates from its mean, the variance is one.
Answer:
D) If the return is risk-free and never deviates from its mean, the variance is one.
Explanation:
In the given case, the following statements are true:
a. In the case when the variance increased so the deviation magnitude from the mean is also increased
2. The variance is the predicted square deviation from the mean
3. And, the two common measures of the risk is the variance and the standard deviation
But when the return is risk less so the variance should be zero not one
Therefore the option d is false
Which of the following is the last section on most job applications?
I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
Learn more about Glucosamine, here:
https://brainly.com/question/32219634
#SPJ1
george transfers cash of $150,000 to finch corporation, a newly formed corporation, for 100% of the stock in finch worth $80,000 and debt in the amount of $70,000, payable in equal annual installments of $7,000 plus interest at the rate of 9% per annum. in the first year of operation, finch has net taxable income of $40,000. if finch pays george interest of $6,300 and $7,000 principal payment on the note: group of answer choices george has dividend income of $13,300. finch corporation does not have a tax deduction with respect to the payment. george has dividend income of $7,000. finch corporation has an interest expense deduction of $6,300. none of the above.
Interest expenditure deduction for Grouse Company is $6,300. The amount paid will be considered a repayment of the loan. Ordinary income will be the interest.
How would you define income?The sum of cash, property, as well as other transfer of value obtained over a predetermined time frame in return for services or goods are often referred to as "income." Income is defined in accordance with the setting in which the word is employed; there is no one, universal meaning.
An illustration of revenueFor many people, an illustration of income would've been their wage from a job. Any money that a person or organization receives in exchange for work, the creation of goods and services, or the investment of capital can be considered income.
To know more about income visit:
https://brainly.com/question/14732695
#SPJ4
The complete & the correct formation of question is:
George transfers cash of $150,000 to Grouse Corporation, a newly formed corporation, for 100% of the stock in Grouse worth $80,000 and debt in the amount of $70,000, payable in equal annual installments of $7,000 plus interest at the rate of 9% per annum. In the first year of operation, Grouse has net taxable income of $40,000. If Grouse pays George interest of $6,300 and $7,000 principal payment on the note, (Points : 5)
A) George has dividend income of $13,300.
B) Grouse Corporation does not have a tax deduction with respect to the payment.
C) George has dividend income of $7,000.
D) Grouse Corporation has an interest expense deduction of $6,300.
E) None of the above
why do you think that the decision making is crucial part of your life?give reason.
Answer:
The reason why decision making is a crucial part of life is so we can choose what path to go down and shape our future. Lets say there are two paths when we have to make a decision. The first one is a choice that has not so good consequences. The other is one that has pretty good consequences. It is up to you to make that choice to shape your future.
Explanation:
Hope this helps!!!
Digital marketing Company in pune
Brainmine It has more than 50 highly qualified designers and provides its services globally. The top digital marketing agency in Pune has been named as Brainmine. Branding, SEO, SMO, PPC, PR, Web design, and other end-to-end services are provided by an award-winning digital marketing firm in India to help businesses develop.
Digital marketing, often known as online marketing, is the promotion of companies utilizing the internet and other digital communication channels to reach potential clients.
As a marketing channel, this encompasses text and multimedia messaging in addition to email, social media, and web-based advertising.
Digital marketing, a subset of marketing provided , is the practice of promoting goods and services using the Internet and other online-based digital technologies including desktop and mobile devices.
The way brands and companies utilize technology for marketing has altered as a result of its growth in the 1990s and 2000s.
Learn more about digital marketing, from :
brainly.com/question/8367090
#SPJ1
your question is probably incomplete the correct question is
Which is the no 1 Digital marketing Company in pune ?
A car dealer carries out the following calculations. List price $ 5,368.00 Options $ 1,625.00 Destination charges $ 200.00 Subtotal $ 7,193.00 Tax $ 431.58 Less trade-in $ 2,932.00 Amount to be financed $ 4,692.58 15% interest for 48 months $ 2,815.55 Total $ 7,508.13 MONTHLY PAYMENT $ 156.42 What is the annual percentage rate
Answer and Explanation:
Given interest rate =10%
Repayment months= 48 months,
Interest rate =10% for 48 monthsv
To calculate annual percentage rate,
The annual percentage rate = 2 * repayment months* interest rate divided by repayment months + 1
Annual percentage rate= 2*48*10%/48+1
=2*48*0.10/49
= 96*0.10/49
= 9.6/49= 0.1959= 19.59%
Therefore annual percentage rate = 19.59%