You are saving money to buy a car. If you save $310 per month starting one month from now at an interest rate of 6%, how much will you be able to spend on the car after saving for 4 years?
A) $10,062.20
B) $20,124.40
C) $16,770.33
D) $23,478.46
Answer: C
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Answer the following statement true (T) or false (F)
Brainstorming sessions must have:
A) all participants together in the same room. B) a mechanism for evaluation of the ideas as they are surfaced. C) a means of implementing ideas as they are surfaced. D) a way for all participants to communicate.
Which of the following is true about sales promotion?
A. Inside specialists or outside consultants handle the sales promotion activities of firms. B. It decreases the prices that consumers pay by decreasing selling costs. C. It's the promotion manager's responsibility to set sales promotion objectives and policies. D. It is not likely to be used in the market maturity stage of the product life cycle. E. Objectives of sales promotion should be developed after the other promotion decisions have been made.
A firm's operating cycle (OC) is simply the sum of the average age of inventory (AAI) and the average payment period (APP)
Indicate whether the statement is true or false