The saving component of financial planning focuses on long-term security and includes a regular savings plan for emergencies.
What is financial planning?Financial planning can be described as the process of evaluating a person's present income and future financial situation using currently available data to forecast future asset values, earnings, and withdrawal schedules.
Long-term financial planing serve as the foundation for the creation of short-term plans and budgets later in the financial planning process.
The saving portion of financial planning emphasizes long-term security and includes a consistent savings plan for emergency expenses.
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You market many different types of insurance and ordinarily you spend time each evening calling potential clients. To comply with requirements for marketing medicare advantage and part d plans, what must you do about contacting potential clients to market those plans?.
Avoid calling any potential client, unless they contact you first and specifically ask to be contacted.
What is Marketing Medicare Advantage and Part D Plans?Medicare Advantage is the one, which replaces Original Medicare and becomes your hospital and medical insurance plan.
Medicare Part D Plans is a supplement to the Original Medicare, which covers prescription drugs only.
Seniors are mostly opt for Medicare Advantage because it provides better benefits at lower cost.
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the state of __________ offers the lowest organizational costs for a corporation.
The state of Delaware offers the lowest organizational costs for a corporation. This is further explained below.
What is Delaware?Generally, Native Americans are Someone who used to live in the Delaware River valley in New Jersey and eastern Pennsylvania.
In conclusion, When it comes to establishing a company, Delaware is the most budget-friendly option.
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Which situation is a result of fiscal policy?
a. A corporation is fined for violating regulations.
b. A consumer has limited options for food at a store.
c. A bank offers a loan to a small business.
d. A school gets more money to buy computers
The following statement, which may be viewed as the outcome of fiscal policy, is D: A school receives greater funding to purchase computers.
Fiscal policy can be thought of as a projection of government expenditure and taxes that have an impact on the economy.It typically results in a reduction in taxation and government spending, but everything is done to ensure that purchasing power is not weakened.
An illustration of the effects of this policy was Option D.
Therefore, D is correct option.
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What do you think an investor would be most interested in knowing about the financials of your company? Why do you think that is? How would you show an investor that investing in your company wouldn't pose a high risk?
Before making an investment, investors look at a company's financial accounts because they believe that bigger profit margins will result in a better return. The company's reputation encourages investors to make risk-free investments with ease.
What is investing?
Buying an asset or thing in the future with the expectation that it will produce income or increase in value is referred to as "investing."
Investors value financial statements because they contain a wealth of information about a company's balance sheet, income statement, and cash flow statement.
Investors pay attention to a company's profit margins since they result in a higher rate of return. The company's annual report from the prior year and goodwill of the company show investor to easily invest without any risk.
As a result, an investor must be interested of the company's financial statements and goodwill.
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Design quality is considered a(n) __________ for the firm. Multiple choice question. insignificant cost strategic decision service decision unimportant decision
The Design quality that a firm goes with is considered to be a strategic decision.
What kind of decision is Design quality?The quality of the design that a company goes with to brand their goods and services will represent what the company hopes to achieve in the future.
This means that the decision is a strategic one as these are done to showcase the future goals and direction of a company.
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A country will roughly double its gdp in twenty years if its annual growth rate is:
A country will roughly double its gdp in twenty years if its annual growth rate is 3.5 using the rule of 70.
What is the rule of 70?The rule of 70 is used to determine the time it takes a country to double it growth rate.
It makes use of the annual growth rate of the country.
To double in 20years =70/20 = 3.5
Therefore, A country will roughly double its gdp in twenty years if its annual growth rate is 3.5 using the rule of 70.
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A Treasury bill with a par value of $100,000 due three months from now is selling today for $97,087 with an effective annual yield of A) 12.40%. B) 12.55%. C) 12.62%. D) 12.68%. E) None of the options are correct.
The effective annual yield of a treasury bill is equivalent to 12.55%.
Option B is the correct answer.
What is the treasury bill?The treasury bill is the trading instrument that is issued in the money market by the government.
Given values:
Par value: $100,000
Future value: $97,087
Number of years from now: 3 years
Step-1 Computation of interest rate of treasury bill:
[tex]\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=\frac{\rm\ Par \rm\ value - \rm\ Future \rm\ value}{\rm\ Future \rm\ value} \\\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=\frac{\$100,000-\$97,087}{\$97,087} \\\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=0.03[/tex]
Step-2 Computation of equivalent yield the bill:
[tex]\rm\ Equivalent \rm\ annual \rm\ yield =(\rm\ 1+ \rm\ interest \rm\ rate)^{\rm\ Number \rm\ of \rm\ years} - 1\\\rm\ Equivalent \rm\ annual \rm\ yield=(1+0.03)^{4} -1\\\rm\ Equivalent \rm\ annual \rm\ yield=1.01255-1\\\rm\ Equivalent \rm\ annual \rm\ yield=0.01255[/tex]
Therefore, 12.55% is the equivalent yield on the treasury bill.
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Assume that the number of sellers and market increase, what will happen to the supply curve for the product, and what will happen to the price and quantity in the market?
A shift in the number of vendors in a market affects the quantity offered at each price and, consequently, the supply. The supply curve moves to the right as the number of suppliers of an item or service rises.
What is supply curve?Supply curve is the correlation between the goods and services supplied in a particular quantity for a period of the time. Maximum the quantity supplied is in the horizontal axis and the price is on the vertical axis.
Thus, A shift in the number of vendors in a market affects the quantity
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RewardStyle helps brands and lifestyle influencers engage successfully in e-commerce. RewardStyle is a global community of more than 60,000 influencers who connect consumers with one million brand partners. RewardStyle relies on user-generated content on a website to assist consumers with purchases and builds strong relationships between influencers and brands. This is an example of _______. a. integrated marketing b. sales promotion c. crowdsourcing d. social commerce
D. Social Commerce
What is Social Commerce?In social commerce, product marketing and sales take place on social media networks. The largest social media sites all include eCommerce features that users may rely on when they're in the market to buy something.
It contrasts with traditional social media marketing tactics where consumers watch brand content and then visit their website to start shopping. Customers can utilize social commerce to research companies, locate products, and make purchases all within the same app.
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One of the steps of driving-forces analysis is to identify which a. strategy changes a company may need to make to prepare for the impacts of the driving forces. b. strategic group is the most powerful. c. industry member is likely to become (or remain) the industry leader and why. d. key success factors are most likely to help their company gain a competitive advantage. e. of the five competitive forces will be the strongest driver of industry change.
The recognized step of the driving-forces analysis is to identify which strategy changes that a company may need to prepare for the impacts of the driving forces.
What is a driving-forces analysis?This refers to the process of identifying the driving forces and assessing their impact whether it will make the industry more or less attractive.
However, the recognized step of this analysis is to identify which strategy changes that a company may need to prepare for the impacts of the driving forces.
Therefore, the Option A is correct.
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The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in:
The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in labour force.
What is Labour force?Labour force are people that helped in managing a business.
They include workers and staffs of organization and without them no work can be done.
Change of labour force can have a great impact on an enterprise.
Therefore, The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in labour force.
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Unlike a firm that strives for market share, a firm with the objective of maximizing sales _______. a. seeks to maintain existing prices or to meet the competition's prices b. benefits from maximization of cash if it is adopted as a long-run objective c. ignores profits, competition, and the marketing environment as long as sales are rising d. possesses adequate funds and faces an optimistic future
Unlike a firm that strives for market share, a firm with the objective of maximizing sales ignores profits, competition, and the marketing environment as long as sales are rising.
What is the maximization of sales?This is the term that is used in economics and commerce to refer to the way that the producer would use any means that is possible in order to get the highest possible sale.
The goal is to be able to raise the highest level of revenue that is possible. Hence the answer is c.
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What things should you consider when setting up a checking or savings account with a financial institution?
Answer:
What profit will you get
According to Alex Chuang, what three things should a pitch deck accomplish? (Choose three)
Tell a great story
Define key terms in your industry
Explain and validate your business model
Show research that justifies the funds requested
According to Alex Chuang, three things that a pitch deck should accomplish are:
Define key terms in your industry.Explain and validate your business model.Show research that justifies the funds requested.What should a pitch deck do?A pitch deck should be able to convince investors of the need to fund your idea according to Alex Chuang.
It should explain why you picked a certain business model and the research behind the need for the funds in your business plan.
Don't forget to define key terms in your industry that come in handy with revenue generation.
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Answer:
The correct answer is to Tell a great story, Explain and validate your business model, and Show research that justifies the funds requested. I just took the quiz.
At the end of 2015, Murray State Lenders had a balance in its accounts receivables of $100,000 and Allowance for Uncollectible Accounts of $4,500 (credit) before any adjustment. The company estimated that 12% of accounts receivables is uncollectible. Murray State's adjustment on December 31, 2015, to record its estimated uncollectible accounts included a:
Murray State's adjustment on December 31, 2015, to record its estimated uncollectible accounts included a Debit to Bad Debt Expense of $7,500; credit to Allowance for Uncollectible Accounts of $7,500.
What is the adjustment for uncollectible accounts?The adjustment for uncollectible accounts involves crediting the Allowance for Uncollectible Accounts and debiting the Bad Debts expense.
The credit to the Allowance for Uncollectible Accounts brings the account to its rightful balance at the end of the period.
Data and Calculations:Accounts receivable balance = $100,000
Allowance for Uncollectible Accounts = $4,500 (credit)
Estimated uncollectible accounts = 12% or $12,000 ($100,000 x 12%)
Adjustment Analysis:Bad Debts Expense $7,500 Allowance for Uncollectible Accounts $7,500 ($12,000 - $4,500).
Thus, Murray State's adjustment on December 31, 2015, to record its estimated uncollectible accounts included a Debit to Bad Debt Expense of $7,500; credit to Allowance for Uncollectible Accounts of $7,500.
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The following table presents information on four different open-end mutual funds. use the information in the table to answer the questions that follow.
fund nav net chg ytd % ret
brrt 38.21 0.37 9.9
glbex p 13.32 0.04 3.4
pwrsl r 19.77 0.14 6.3
gmar 30.81 0.28 8.8
a. the mutual fund (brrt, pwrsl, glbex, or gmar) _______ charges a back-end load fee.
b. true or false: you can generally expect funds that charge back-end load fees to outperform funds that do not charge these fees.
t / f _________
c. suppose brrt has a front-end load fee of 7%. if you purchase 100 shares of this fund at the nav, you will pay a commission of _________. if, in one month, you sell the shares, you (will not or will also) _________ pay a redemption fee at that time.
d. if you are interested only in funds without any fee, you (will need or do not need) ___________ to use additional online resources to find no-load funds, because using on ly the quotations as listed in the table, it is (very easy or impossible) to determine the amount of any front-end load fee that the fund may charge.
Mutual Fund Net Asset Value (NAV) depicts a fund's per share market value. On this basis, the answers are: a. glbex; b. false; c. 7.7%: will not; d. do not need: very easy. Read below about Mutual Fund Net Asset Value.
What is the nature Mutual Fund Net Asset Value?a. the mutual fund (brrt, pwrsl, glbex, or gmar) brrt charges a back-end load fee.
b. true or false: you can generally expect funds that charge back-end load fees to outperform funds that do not charge these fees.
t / f False
c. suppose brrt has a front-end load fee of 7%. if you purchase 100 shares of this fund at the nav, you will pay a commission of 7.7%. if, in one month, you sell the shares, you (will not or will also) will not pay a redemption fee at that time.
d. if you are interested only in funds without any fee, you (will need or do not need) do not need to use additional online resources to find no-load funds, because using on ly the quotations as listed in the table, it is (very easy or impossible) to determine the amount of any front-end load fee that the fund may charge.
Therefore, the correct answers are as given above.
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Some critics of the unemployment rate say that it under-reports the actual unemployment problem by:
Critics of the unemployment rate say that it under-reports unemployment because it does not include discouraged workers.
What goes into the employment rate?The unemployment rate takes into account only people who are actively looking for work.
It does not include people were looked for work and then got discouraged which means that it does not propery account for those who want jobs even though they can't get them.
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_________________ are used when third parties (persons other than the client) have knowledge of some aspect of a financial or non-financial matter and can be asked to provide this information. group of answer choices b. engagement letters c. subpoenas d. grand juries a. confirmations
Confirmations are used when third parties (persons other than the client) have knowledge of some aspect of a financial or non-financial matter and can be asked to provide this information.
Who is a third party?A third party is someone who is not one of the main people involved in a business agreement or legal case, but who is involved in it in a minor role.
Therefore, the correct answer is option A. confirmation.
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Spock Enterprises has a market value of $100 million in debt outstanding. They also have a market value of equity of $400 million. Shareholders require a 12% return on their shares and creditors require a 7% before-tax return on their investment. The weighted average return required by investors in Spock Enterprises is Blank______%.
The weighted average return required by investors in Spock Enterprises is Blank 0.11%. The answer is 0.11%. Read below about weighted average return.
How does one calculate weighted average return?One calculate a weighted average by multiplying its relative proportion or percentage by its value in sequence and adding those sums together. Consequently, supposing a portfolio has 65% stocks, 50% bonds, and 10% cash, those weights would be multiplied by their annual performance to get a weighted average return.
Therefore, (0.2x0.07) + (0.8x0.12) = 0.11 and as a result the answer is 0.11%
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A perfectly competitive firm is producing 700 units, which is their profit-maximizing output level. The market price for their good is $2 and the firm's average total cost to produce the 700 units is $0.50. What is their profit or loss from producing the 700 units
Their profit or loss from producing the 700 units is: $1,050.
Profit or lossUsing this formula
Profit or loss=(Number of units×Market price)-(Number of units×Average total cost)
Let plug in the formula
Profit or loss=(700 units×$2)-(700 units×$0.50)
Profit or loss=$1,400-$350
Profit or loss=$1,050
Therefore their profit or loss from producing the 700 units is: $1,050.
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at the end of your car lease period, you intend to turn in the car, and you will not pay extra at that time based on the residual value of the car. you have a(n) _____ lease.
At the end of your car lease period, you intend to turn in the car, and you will not pay extra at that time based on the residual value of the car, then you will have an open-end lease.
What is open-end lease?An open-end lease serves as a rental agreement whereby the one that is to make a periodic lease payments enter an agreement with the owner so as to be able to make balloon payment at the end of the lease agreement.
Therefore, in this type of lease, there will no be extra pay at that time based on the residual value of the item.
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If Jamie Lee does not want to pay more than $285 a month and is unwilling to take a loan for more than five years what is the maximum she is willing to pay for a car credit score of 740
Based on the number of years that Jamie Lee wants to take the loan and the monthly payment, the maximum she is willing to pay is $17,100.
How much is the maximum that Jamie Lee wants to pay?This can be found as:
= Maximum monthly payment x Number of months to pay
Solving gives:
= 285 x 5 years x 12 months a year
= 285 x 60 months
= $17,100
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production possibilities curve. the curve of the graph
is called "The Frontier"
The PPC, sometimes referred to as the production possibilities frontier, depicts scarcity and tradeoffs.
What does the curve of the production possibility frontier represent?The production possibility frontier or PPF is a curve used in business analysis to show the different quantities of two items that can be produced when they both rely on the same limiting resources.
Thus, The PPC, sometimes referred to as the production possibilities frontier
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Tell me about a time a customer wanted one thing, but you felt they needed something else. How did you approach the situation, what were your actions and what was the end result?
The consumer's purchase and decision-making process may be inconsistent at some stage, and the salesperson can help him or her by applying effective sales strategies.
What is a sales strategy?These are techniques used by a company to influence the consumer to make the purchase, this can occur through negotiation, empathy and demonstration of the seller's expertise in the subject, which will help the consumer to resolve their doubts and generate confidence to make the purchase.
Therefore, it is essential for the seller to identify the consumer's profile and needs, to approach him effectively and help him make the purchase.
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A recent study found that an increase in the federal tax on beer (and thus an increase in the price of beer) would reduce the demand for marijuana. We can infer that
We can infer that beer and marijuana are complement goods.
What are complement goods?
Complement goods are goods that are consumed together. When the price of one of the complement goods increases, the quantity demand of that good declines and the demand for the second complement good decreases.
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Refer to Landfall Service. Because the company is known for its ability to produce lawn furniture more efficiently than any other company in the world, the company must have a(n) ____ advantage.
The company must have absolute advantage.
Having been in business for a while, Landfall Service is a provider of outdoor furniture. Greater than any other company in the country, it is renowned for its capacity to make furniture quickly. The truth is that no rival businesses exist in any other country. Many of the items offered by Landfall Service have been exported. Actually, sales outside of the United States account for 80% of company income. In order to support domestic businesses, the Italian government has slapped a tax on imported furniture. On the other hand, because the government wanted a piece of the action, the Brazilian government levied taxes on Landfall Service items.
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How does an improvement in productivity affect a business's profit margin?
A. It increases the profit margin by lowering costs.
B. It decreases the profit margin by lowering costs.
C. It decreases the profit margin by raising costs.
D. It increases the profit margin by raising costs.
Answer:
it increases the profit margin by lowering costs
Explanation:
An improvement in productivity affects a business's profit margin as it increases the profit margin by lowering costs. Thus, option A is correct.
What is the profit margin?Profitability is gauged by profit margin. Estimating the profit as a proportion of revenue is used to calculate it. Gross profit margin, operating profit margin, and net profit margin are the three different forms of profit margins. Gross profit is multiplied by net sales to determine the gross profit margin.
A company may produce more goods without increasing expenses by boosting productivity. Producing more opens up the possibility of increasing sales, which in turn might boost earnings. In addition to improving overall earnings, higher productivity can raise a company's profit margin.
The profit margin of a company is impacted by an increase in productivity since it lowers expenses and raises the profit margin. Therefore, choice A is correct.
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Jerry is an adjuster and has signed a contract with ABC Insurance to adjust claims in an area recently devastated by a hurricane. Jerry receives the claims from ABC Insurance, completes the inspections, and settles claims on behalf of ABC Insurance according to his contract. What type of authority has ABC Insurance given Jerry
The authority that Jerry has which allows him to complete inspections and settle claims is called an Express authority.
What is express authority?This is a kind of authority that an agent has that is clearly spelled out in writing or given orally.
Jerry has a contract with ABC Insurance that writes what he is allowed to so which means that his powers are expressly given.
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Global Marketing contracted with Tech Smart Company to maintain Global's computer system. Global's marketing process depends on its computer system operating properly at all times. A liquidated damages clause in the contract provided that Tech Smart pay $1,000 to Global for each day that Tech Smart was late responding to a service request. On September 1, Tech Smart was notified that Global's computer system had failed. Tech Smart did not respond to Global's service request until September 15. If Global Marketing sues Tech Smart under the liquidated damages provision of the contract, Global will:
If Global marketing should go ahead to sue under this contract they are going to win unless the liquidated damage provision is determined to be a penalty
What is the liquidated damages provision?This is a contract in business law that requires that a party that breaches a contract goes ahead to pay a particular amount as compensation.
The compensation that they are to pay is due to their failure that carry out the task they were supposed to.
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When expanding its operations into India, the PureWater Company chose names in Hindi for the product line. This was an appropriate strategy because the company name could not be pronounced in the local language. This is an example of a strategy of _______. a. transactional marketing b. one-brand-name everywhere c. transformational marketing d. adaptations and modifications
This is an example of a strategy (D) adaptation and modifications.
What is transactional marketing?A business technique known as "point of sale" transactions is called transactional marketing. Instead of focusing on forging a relationship with the customer, individual sales are being optimized for efficiency and volume.What is transformational marketing?When you use the art of storytelling to turn your customer from a one-time customer into a devoted supporter of your company, you are engaging in transformational marketing. The tale is no longer solely focused on your brand and what it has to offer.What is one-brand-name everywhere?One of the first beverages that come to mind is Coca-Cola. No matter where you go in the globe, a Coke is a Coke. (However, I've heard that Coke sometimes has trouble displaying its name in Chinese or Japanese characters.) Kodak is one company that unquestionably got it right.What are adaptations and modifications?A set of choices about an organization's market strategy, organizational structure, and transactions is known as business adaptation or business model adaptation. Organizations are given the tools they need to deal with a variety of business difficulties because of their adaptable features. Any significant alteration made to a product's characteristics (size, shape, color, style, price, etc.); modifying a product is typically done in an effort to revive it in order to boost demand.Therefore, This is an example of adaptations and modifications.
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