The Cycle Shoppe Has Decided to Offer Credit to Its

question 73

Multiple Choice

The Cycle Shoppe has decided to offer credit to its customers during the spring selling season.Sales are expected to be 330 bicycles.The average cost to the shop of a bicycle is $300.The owner knows that only 93 percent of the customers will be able to make their payments.To identify the remaining 7 percent,she is considering subscribing to a credit agency.The initial charge for this service is $540,with an additional charge of $6 per individual report.What is the amount of the net savings from subscribing to the credit agency?

• A)$3,790
• B)$3,920
• C)$4,080
• D)$4,410
• E)$4,950

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Definitions:

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behavior, thoughts, and emotions.

Visual Association Cortex

A part of the cerebral cortex that processes visual information, contributing to the recognition and interpretation of objects.

Primary Visual Cortex

The area of the brain located in the occipital lobe that processes visual information.