A3+ Has Prepared Its 3rd Quarter Budget and Provided the Following

question 82

Multiple Choice

A3+ has prepared its 3rd quarter budget and provided the following data: The cash balance on June 30 is projected to be $4,000. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the final cash balance at the end of August taking into consideration all the financing transactions.

• A)$6,958
• B)$5,254
• C)$7,100
• D)$4,320

Comprehend the role of direct marketing in engaging with specific consumer segments.

Understand the concept of narrowcasting in advertising.

Recognize the influence of external factors, such as technology, on advertising strategies and mediums.

Understand the role and impact of social media in marketing and public relations.

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Definitions:

Total Number

The sum or total count of units or elements in a set or group.

Data Set

A collection of data points or values gathered from experiments or observations.

Classes

Categories or groups into which data can be divided based on certain characteristics or attributes.

Relative Frequencies

The measures showing the number of times a certain event occurs in relation to the total number of events, often expressed as a percentage or fraction.