TC
Tracy Cochran
Answers (2)
TC
Answered
As the CFO of Billybob's Auto Recycling, you plan to implement a system whereby customers who pay their bills on time will receive a 10% rebate on their purchases. Those who pay earlier than required will receive a 15% rebate. Explain the impact of this proposal on the firm.
On May 10, 2024
The obvious results of this policy change include an increase in expected sales (due to the lower effective purchase price for customers that pay early) and a reduction in gross profit associated with offering the large discounts. Less obvious are such effects as the potential reduction in the firm's average receivables balance (and the cost of carrying them), and the potential for strategic price-cutting (as well as other actions) by competitor firms (assuming the product in question can be treated as a commodity item).
TC
Answered
Which of the following individuals is most likely to migrate to Switzerland, assuming that all face equally good prospects of securing a good job after arrival?
A) Ricardo is 25 years old, single, and currently lives in Italy.
B) Ivan is 50 years old, married, and currently lives in Russia.
C) Maria is 40 years old, married with three children, and currently lives in Mexico.
D) Tran is 35 years old, single, speaks only Vietnamese and a little English, and currently lives in Vietnam.
A) Ricardo is 25 years old, single, and currently lives in Italy.
B) Ivan is 50 years old, married, and currently lives in Russia.
C) Maria is 40 years old, married with three children, and currently lives in Mexico.
D) Tran is 35 years old, single, speaks only Vietnamese and a little English, and currently lives in Vietnam.
On May 08, 2024
A