Drafi Arts Corp. makes and sells original handicraft products. The management of the company has been successfully using a niche strategy for years. In this case, which of the following is the most likely to be true of Drafi Arts Corp.?

Answers

Answer 1

Answer:

Answer:

The correct answer would be, It serves only a limited geographic market.

Explanation:

A niche strategy of selling the products means that the company sells its products which is limited by some preferences, usually geographically.

So Drafi Arts Corp makes and sells original handicraft products, and the company is successfully using a niche strategy for years, which means company is selling its handicraft items to people limited by geographical areas. They are not selling their products nationwide or worldwide, rather they are focusing on selling their handicrafts to a limited geographical region.

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David is buying a new car for $21,349.00. He plans to make a down payment of $3,000.00. If he's tomake monthly payments of $352 for the next five years, what APR has he paid?
A. 5%
B. 59%
C. .05%
D. 5.9%

Answers

Answer: (D) 5.90%

Explanation: David is going to buy a new car at $21,349.

The down payment is $3,000.

Loan amount (Present value) = $21,349 - $3,000

Loan amount (Present Value) = $18,349

Installment amount (pmt) = $352

As the payment is made monthly (12 months in a year),

Number of payments = 5 * 12

Number of payments = 60

Using the rate option in excel,

Insert the variables into the option, we get

$=rate(60,352,-18349)$

By inserting the above formula in excel we get,

Rate = 0.47%

Rate of 0.47% is monthly, to get APR

$APR = (1+monthly rate)^12 - 1$

$APR = (1+0.0047)^12 - 1$

$APR = (1.0047)^12 -1$

$APR = 1.0586 - 1$

APR = 0.0586

APR = 5.86% or 5.90%

Therefore the correct option is 5.90%.

If David makes monthly payments of $352 for the next five years, he will pay APR ( Annual Percentage Rate) of 5.9%.

Hence, the correct option is D.

Here's the detailed calculation:

The total amount of the loan is $21,349 - $3,000 = $18,349.

The total interest paid over the life of the loan is $352 × 12 × 5 = $21,120.

The APR is 21,120 / 18,349 × 100 = 5.9%.

So, David has paid an APR of 5.9% on his car loan.

Learn more about Annual Percentage Rate here: brainly.com/question/28347040

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some people have argued that the reported unemployment rate actually understates the extent of unemployment . explain this reasoning and provide 2 examples for support??

Answers

This is because the unemployment rate give only takes into account people that are unemployed and are looking for work. It does not account for those that are unemployed and have given up.
ex) A woman who looses her job because of technological advances is looking for work and is considered unemployed (taken into account), however a man who has tried looking for work after he was laid off has given up (not counted)
ex) A woman lost her job during the depression and cant seem to get a job with her limited skills. She has given up and is not counted in the unemployment rate

Andrea started a taxi business by transferring her car, at a value of $5,000, into the business. What accounting entries are required to record this transaction?

Answers

To record Andrea transferring her car valued at $5,000 into her taxi business, you would typically make the following accounting entries:

Debit (Increase) the "Assets" account:
Debit "Taxi Car" or "Vehicle" account for $5,000.
Credit (Increase) the "Owner's Equity" or "Capital" account:
Credit "Owner's Equity" or "Capital" account for $5,000.
This entry reflects that the value of Andrea's car is now an asset of the taxi business, and her ownership stake in the business (equity or capital) has increased by the same amount. Please note that specific account names and details may vary depending on the accounting system and chart of accounts used by the business. It's advisable to consult with an accountant or use accounting software for precise record-keeping.

__________ unemployment refers to loss of jobs due to a recession or a similar downturn in the economy.

Answers

Answer:

Cyclical unemployment is the loss of jobs due to a recession or downturn in an economy.

Explanation:

Cyclical unemployment is a type of unemployment. It is also known as Keynesian or deficient-demand unemployment. This type of unemployment occurs when the overall demand in an economy is not enough to provide jobs to the people who want to work. Cyclical unemployment is observed during the periods of slow economic growth or recession.

The main types of financial institutions are _____. Choose all that apply.

A. savings and loans banks
B. stock firms
C. financial advisors
D. credit unions

Answers

Answer:

banks, credit unions, and savings and loans

Explanation:

Just get it right on a test

Answer:

the answer is banks, brokerage firms, insurance companies.

Explanation:

it is on edge

In the long run, changes in the price level do not affect the level of real GDP. B. In the long run, increases in the price level result in a decrease in real GDP. C. In the long run, increases in the price level result in an increase in real GDP. D. In the long run, changes in the price level may either increase or decrease real GDP.

Answers

Answer:

Explanation:

Answer: The last one (D.) is correct

Explanation: Because it says changes in price so the change can increase or decrease it cannot be the first on because the price DOES affect in the long run. It's not the third one because it makes no sense so ya. I hope this was helpful i'm not an expert

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