Mickle Company Has the Following Information

question 98

Multiple Choice

Mickle Company has the following information:
Purchases are paid for in the following manner:
20 percent in the month of purchase
50 percent in the month after purchase
30 percent two months after purchase
-An important factor considered by sales forecasters include(s)

• A) past patterns of sales.
• B) estimates made by the sales force.
• C) general economic conditions.
• D) all of the above.

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Definitions:

Equilibrium Interest Rate

The rate of interest where the quantity of money sought equals the amount available, equilibrating investment and savings across the economy.

Loanable Funds

The funds in financial markets that are available for borrowing, reflecting the relationship between the demand for and supply of these funds.

Interest Rate

The fee, shown as a percentage of the principal amount, that a lender imposes on a borrower for the use of funds.

Loanable Funds

The various sources of capital that are available for borrowing, including savings deposits, bonds, and loans, within the financial market.