Answer:
The total comes to $121.2.
Explanation:
You went grocery shopping and paid with a check.
Cost of groceries: $45.20.
Your check bounced, resulting in a $25 fee from the bank due to insufficient funds in your account at the time of payment for groceries.
The bank also charged your account an additional $25 for the bounced check.
The grocery store notified you that you owed them a $25 fee because of the bounced check.
You will need to pay $45.20 again.
Money order cost: $1.
Therefore, your total grocery expenditure equals:
$45.20 (actual grocery cost) + $25 (owed to the bank for your friend's bounced check) + $25 (bank fee for bounced check) + $25 (fee charged by the grocery store for the bounced check) + $1 (money order)
= $121.20.
Thus, your actual outlay for groceries amounts to $121.20.
Answer:
Total cost= $104,022.6
Explanation:
Given the following data:
The company anticipates $6000 in expenditure after 1 year, $9000 after 3 years, and $10,000 annually from year 6 through year 10.
The annual interest rate is set at 12%.
We will apply this formula:
FV= PV*(1+i)^n
FV= 6000*(1.12)^9= 16,638.47
FV= 9000*(1.12)^7= 19,896.13
Total= $36,534.6
For the last three amounts, we shall use the formula:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {10000*[(1.12^3)-1]}/0.12= 67,488
The cumulative cost is 67,488 + 36,534.6= $104,022.6
Answer:
The right choice is B: Gap 2.
Explanation:
The gaps model of service quality, known as the 5 gaps model, is essential for organizations to guarantee customer satisfaction. Gap 2 specifically addresses the disparity between management perceptions and the actual customer experience. In this gap, managers make it a priority to define and deliver the expected quality of service. In this instance, FedEx is addressing customer-defined performance standards, indicating it plays a significant role in closing Gap 2 in the service quality gaps model.
