There are three methods in which employers might respond to paying greater wages: by raising pricing, accepting lower profits, or offsetting.
What effects will a rise in the minimum wage have on businesses?Costlier products: An increase in the minimum wage raises your overhead expenses, which could lead to a higher price point being passed on to customers. This might eventually result in higher living expenses and more increases to the minimum wage.
What are the minimum wage's advantages and disadvantages?Entry-level jobs, training, and lifetime earnings are all affected by minimum wages. A minimum wage is frequently suggested by policymakers as a way to increase earnings and pull people out of poverty. However, increases in certain young employees' wages due to
To know more about pricing visit:
https://brainly.com/question/13289011
#SPJ4
An optimal capital structure will ______. Multiple select question. maximize the value of the firm minimize the cost of capital maximize the earnings per share maximize the value of assets
An optimal capital structure will increases a company's market value while lowering its capital costs .
Having said that, the term "optimal capital structure" refers to the ratio of debt to equity that maximizes market value while minimizing a company's cost of capital, more precisely, its weighted average cost of capital (WACC) (i.e. shareholder wealth).
The best capital structure for a business is one that balances the ideal debt-to-equity ratio with the lowest possible cost of capital for the organization. Managers choose internal financing over outside sources. If outside financing is required, start with the safest securities.
To know more about capital structure visit :
https://brainly.com/question/15041466
#SPJ4
20)Dustin's starting salary is $40,000. His salary is expected to increase by 4% each year. To the nearest dollar, what is Dustin's expected salary after 5 years
At the end of five years, Dustin must be paid $48666.
What exactly is simplifying?In mathematics, simplifying and simplification refer to the process of operating and interpreting a function to simplify or make the expression easier to understand.
Dustin's starting salary is therefore $40,000 Each year, it is anticipated that his salary will rise by 4%. It is necessary to determine Dustin's anticipated salary after five years to the nearest dollar.
Let the Dustin salary at the end be x, as indicated by the question: x = 40000(1 + 0.04)n
Add n = 5 to the previous equation: x = 40000(1.04)5 x = $48666
To learn more about simplifying here:
https://brainly.com/question/23453741
#SPJ4
End of Chapter Problem Your roommate is considering purchasing cryptocurrency, as they believe it can be used in place of money. What roles would cryptocurrency need to satisfy in order to be considered and effective type of money
Cryptocurrency need to have a physical presence unit of account backed by a commodity store of value to be considered and effective type of money
A cryptocurrency is a newer version or remote currency that uses encryption to protect it from counterfeiting or duplicate spending. Blockchain technology, a public ledger regulated by a dispersed network of computers, is the foundation of many cryptocurrencies' decentralised networks. The fact that cryptocurrencies are often not issued only by central authority makes them potentially impervious to intervention from or manipulation by governments. Some coin maintenance schemes employ validators. A proof-of-stake model requires owners to pledge their tokens as security. In exchange, individuals receive control over the token in proportion to their investment. These token stakers typically acquire more ownership over time through network fees, newly created tokens, or other similar compensation systems.
To learn more about cryptocurrency refer here:
https://brainly.com/question/16450854
#SPJ4
the efficiency-wage theory of worker turnover suggests that firms with higher turnover will have
The efficiency-wage theory of worker turnover suggests that firms with higher turnover will have higher wages.
This theory posits that firms will pay higher wages to their workers in order to reduce turnover and increase productivity. The reasoning behind this is that higher wages will make it less attractive for workers to leave their current job for another one, thus reducing turnover. Additionally, the theory suggests that when workers are paid higher wages, they will be more motivated to work harder and be more productive, which can lead to increased efficiency and profitability for the firm. The efficiency-wage theory of worker turnover suggests that firms with higher turnover will have higher wages, and that this can lead to increased efficiency and profitability for the firm. By reducing turnover through higher wages, firms can reduce the costs and disruptions associated with recruiting and training new workers. Additionally, by motivating workers to work harder and be more productive, firms can increase efficiency and improve overall performance. This can in turn lead to increased profitability for the firm.
To know more about wage please refer: https://brainly.com/question/27960552
#SPJ4
You deposit $300 in a bank account that pays 6% stated annual interest compounded quarterly. What is the value of your investment at the end of 10 years
$544.21 is the value of your investment at the end of 10 years at deposited amount of $300 in a bank account that pays 6%.
given data:
deposited amount = $300
interest amount = 6%
the formula will be:
A=P(1+r/400)^4n
substitution the above values:
future value = $300(1+6/400)^(4*10)
= $544.21
Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort. In the world of finance, investment is done in order to profit from the asset being put to use. A gain (profit) or loss realised through the sale of a home or investment, unrealized capital gain (or loss), investment income like dividends, interest, or rental income, or a mix of capital gain and income may all be included in the return. The return may also include foreign exchange profits or losses as a result of shifting exchange rates.
learn more about Investments here
https://brainly.com/question/15105766
#SPJ4
How does competition affect the free enterprise system?
Competition affects the free enterprise system to consumers rather than numerous clones of the same product.
Businesses contend against each other to offer products and services consumers want in a free enterprise system rather than the government decreeing what can and can not be vented. Competition is a driving force of free enterprise, performing with lesser effectiveness and lower prices for the consumer—countries embracing free request principles profit from an advanced standard of living.
The U.S. profitable system of free enterprise has five main principles the freedom for individualities to choose businesses, the right to private property, gains as an incitement, competition, and consumer sovereignty.
To learn more about the free enterprise system, visit here.
https://brainly.com/question/13297799
#SPJ4
Assume that last year you purchased a real asset, say a piece of land, for $150,000. You paid $30,000 down and borrowed the balance. The rate of inflation between last year and this year was 4%. If the value of this asset increased at exactly the rate of inflation, and you sold it this year (365 days later), the nominal rate of return on your $30,000 investment was: ______% (ignore the time value of money).
The nominal rate of return on your $30,000 investment in the asset would be 4%. This rate of return is calculated by taking the change in asset value (4% of $150,000 or $6,000) and dividing it by the total amount invested ($30,000 deposit).
So the nominal rate of return is 20% ($6,000/$30,000). The reason why the nominal rate of return is the same as the rate of inflation is that the value of the asset has grown exactly at the rate of inflation. This means that the asset has neither gained nor lost any real value because the increase in nominal value is exactly equal to the rate of inflation. In other words, the rate of return on an investment equals the rate of inflation.
To know more about nominal rate of return click here
https://brainly.com/question/14510511
#SPJ4
Which of the following occurs when a person reaches the age of majority and states, either orally or in writing, that he or she intends to be bound by the contact entered into as a minor?
Multiple Choice
Disaffirmance
Implied novation
Implied ratification
Express novation
Express ratification
Option E, Express ratification occurs when a person reaches the age of majority and states, either orally or in writing, that he or she intends to be bound by the contract entered into as a minor.
This means that the individual explicitly confirms and agrees to be bound by the terms of the contract they entered into as a minor, and they can no longer disaffirm the contract. This is in contrast to disaffirmance, which is the act of rejecting or voiding a contract entered into as a minor.
The other options, Implied novation, Implied ratification, and Express novation are not related to the scenario of a minor entering into a contract, but to other types of contracts.
To learn more about the Express ratification at
https://brainly.com/question/29817978?referrer=searchResults
#SPJ4
Why is it important to evaluate the information we have gathered?
In our day-to-day lives, it is essential to evaluate the information we collect in order to make sure it is accurate, reliable, and relevant to our purpose.
Different sources of information can be very different in terms of quality and accuracy, and it is important to take the time to evaluate the information we have gathered in order to ensure we have the most up-to-date and accurate information available.
Evaluating the information we have collected can also help us to determine whether or not the information is applicable to our needs and objectives.
Taking the time to evaluate the information we have gathered can help us to make better decisions and ensure that our data is reliable and valid.
To learn more about information, click here:
https://brainly.com/question/24621985
#SPJ4
Increases in household income due to more women entering the workforce in white collar jobs is likely to affect which two segments the most
Increases in household income due to more women entering the workforce in white-collar jobs is likely to affect the consumer goods and services segments the most.
As women's income increases, they tend to have more disposable income, which they may use to purchase consumer goods such as clothing, electronics, and home goods.
Additionally, women's increased income may also lead to an increase in demand for services such as childcare, healthcare, and education.
This trend may also lead to an increase in the number of dual-income households, which may also lead to an increase in demand for services such as home cleaning, meal delivery, and personal shopping.
To learn more about Workforce,
https://brainly.com/question/29799650
#SPJ4
Why is making changes important?
Making changes is important because it allows us to adapt to a rapidly changing world. We need to be able to adjust our strategies and processes to meet the needs of our customers and stakeholders.
What is customer?A customer is an individual or organization that buys goods, services, or products from another. Customers play an important role in any business as they are the ones who generate the revenue for the company by providing the necessary sales. They are also vital to the success of a business as they provide feedback on products and services and provide a means of gauging the success of a business. Customers should be valued and treated well in order to ensure repeat business, loyalty, and satisfaction.
Making changes also allows us to stay ahead of the curve, ensuring our business remains competitive and relevant. Finally, making changes helps us create a healthier and more efficient working environment by encouraging innovation and creativity.
To learn more about customer
https://brainly.com/question/26313265
#SPJ4
Last year, Kingston Inc. experienced the following results: Out of 2 million orders processed, 10,000 orders were delivered late, 15,000 orders were incomplete, 5,000 orders were damaged, 20,000 orders were billed incorrectly. These 50,000 failures were spread across 40,000 orders (some orders had multiple issues). What is the percentage of perfect orders
The percentage of perfect orders is computed at 98%
A proportional unit is a percentage. A percentage is a figure or ratio stated as a fraction of 100 in mathematics. Although the abbreviations "pct.", "pct.", and occasionally "pc" is also used, the percent symbol, "%," is frequently used to indicate it. A % is a number without dimensions and without a standard measurement. The ratio's numerical value is multiplied by 100 to obtain the percent value.
Calculation of percentage of perfect orders:
⇒ [(orders processed - failures) / orders processed] * 100
⇒ [(2,000,000 - 40,000) / 2,000,000] * 100
⇒ [1,960,000 / 2,000,000} * 100
⇒ (196 / 200) * 100
⇒ 0.98 * 100
Therefore, the percentage of perfect orders = 98%
To know more about Percentage, refer to this link:
https://brainly.com/question/14801224
#SPJ4
Y3K, Incorporated, has sales of $5,987, total assets of $2,532, and a debt-equity ratio of .57. If its return on equity is 11 percent, what is its net income
If the company's equity return is 11%, then net income will indeed be $177.40.
How is net income on equity determined?To start, we perform the very same routine action: we deduct the $500 To calculate net income, we can use the return on equity (ROE) formula:
Net Income = Return on Equity x Total Equity
In this case, we know that the ROE is 11 percent. To calculate total equity, we can use the debt-equity ratio:
Total Equity = Total Assets / (1 + Debt-Equity Ratio)
Plugging in the given values:
Total Equity = $2,532 / (1 + .57) = $2,532 / 1.57 = $1,611
Now we can use the ROE formula to find net income:
Net Income = 11% x $1,611 = $177.21
So, the net income of Y3K, Incorporated is $177.21
Why is there a 20% return on equity?Your company has a strong return on equity (ROE) if it has a net income split by shareholders' equity of 20%. It takes effective appropriate capital management to give shareholders a great return.
To know more about net income visit:
brainly.com/question/19654698
#SPJ4
If (3, 7) and (7, −3) are the endpoint of the egment, find the equation of the perpendicular biector of
The equation of the perpendicular bisector of the line segment will be equal to y =2/5x.
In order to find the equation of perpendicular bisector of the line segment between the two points we first find the mid point of the two points as the bisector will pass through the mid points of the two end points of the line segment.
The formula for mid point is expressed as
P(x, y) = [(x₁ + x₂)/2, (y₁ + y₂)/2] where x₁ = 3, y₁ = 7 and x₂ = 7, y₂ = -3
P(x, y) = [(3 + 7/2), (7 - 3)/2]
P(x, y) = (5, 2)
Now, the slope of the given line segment is expressed as
Slope = (-3 - 7)/(7 - 3)
Slope = -10/4
Slope = -5/2
Now, the slope of the perpendicular bisector = 2/5
Now, the equation of the perpendicular bisector passing through point (5, 2) is expressed as
y - 2 = 2/5(x - 5)
5y - 10 = 2x - 10
5y = 2x
y = 2/5x which is the required equation.
Learn more about Perpendicular bisector at:
brainly.com/question/29330141
#SPJ4
Complete Question:
If (3, 7) and (7, −3) are the endpoint of the segment, find the equation of the perpendicular bisector of the line segment.
Aling paring started to deposit php 2000 quarterly in a found that pays 5.5% compounded quarterly.how much will be in the fund after 6 years?
Aling Paring began depositing PHP 2000 on a quarterly basis into a fund that earns 5.5% compounded. Consequently, the fund is valued at $56,413.75 after six years.
Future worth of a regular annuity provided by,
F.V. = P [(1 + r) n - 1] / r, equation (1)
F.V. = P [(1 + r) n - 1] / r, equation (1)
periodic interest rate = r
The number of payments is n.
Here,
P = 2,000
r = 5.5% / 4 = 0.01375
for the number of payments (n),
which is 4 payments in a year and 24 payments
so in a six-year period (i.e., n = 24 payments).
the value above in equation 1
so
F.V. = 2000 [(1+ 0.01375) 24 - 1] / 0.01375
F.V. = 56,413.75
P = $56,413.75 will therefore be in the fund after six years.
To know more about Compound Interest, refer to this link:
https://brainly.com/question/14295570
#SPJ4
What are the 6 economic social goals?
The six economic and social goals are economic growth, full employment, price stability, equitable distribution of income, the balance of payments equilibrium, and economic stability.
1. Economic growth: This is the goal of increasing a nation's production of goods and services over time. This is usually achieved through the use of fiscal and monetary policies, such as lowering taxes, increasing government spending, and manipulating interest rates.
2. Full employment: This is the goal of having everyone who is willing and able to work employed. This can be achieved through the use of fiscal and monetary policies, such as increasing government spending and reducing taxes.
3. Price stability: This is the goal of ensuring that prices remain stable over time. This is usually achieved through the use of monetary policy, such as manipulating interest rates and increasing the money supply.
4. Equitable distribution of income: This is the goal of ensuring that income is distributed in an equitable manner. This can be achieved through the use of fiscal policy, such as increasing taxes on the wealthy and providing social welfare programs.
5. Balance of payments equilibrium: This is the goal of achieving a balance of payments between a country and its trading partners. This can be achieved through the use of both fiscal.
For more questions like Economic social goals click the link below:
https://brainly.com/question/14748959
#SPJ4
You created a new strategy for lawncare services that involves assessing lawn health, applying the correct herbicides and pesticides and other necessary solutions to quickly bring a lawn back to health. What are three things you will need to consider regarding the mass delivery of your service? (Choose thee)
A) Developing the product website and social media campaign
B) Establishing quality control measures and accountability
C) Setting up your test marketing strategy
D) Training employees with the knowledge to consistently deliver the service
E) creating an effective demonstration of your service for potential customers.
F) finding a source of materials to support your service.
Explanation:
A ) Step 1: Define Your Social Media Campaign Goals
Step 2: Identify the Social Media Channels You’ll Use
Step 3: Plan Your Social Media Campaign Strategies
Step 4: Choose the Metrics You Want To Monitor
Step 5: Create a Social Media Content Calendar
Step 6: Design Your Marketing Assets Using Free Online Tools
Step 7: Schedule Your Content Using Social Media Management Tools
Step 8: Manage Your Campaign
Step 9: Analyze the Results
B) Set your quality standards. ...
Decide which quality standards to focus on. ...
Create operational processes to deliver quality. ...
Review your results. ...
Get feedback. ...
Make improvements.
C ) Create a Sample Product/Service Prototype. ...
Determine Your First Testing Audience. ...
Establish Your Testing Method. ...
Ask the Right Questions. ...
Listen with an Open Mind. ...
Analyze Feedback, Tweak Your Product/Service.
D ) Training gives everyone a great understanding of their responsibilities and the knowledge and skills they need to do that job. This will enhance their confidence which can also improve their overall performance.
E )Customize your demo. Every customer is unique, so every demo should be uniquely matched to that customer. ...
Tell the customer's story. ...
Rehearse, rehearse, rehearse. ...
Test everything beforehand. ...
After the demo, close the deal.
F )Check the domain name. ...
Take a closer look at the source. ...
Search for additional information to back up what you've found. ...
Use certain sources only to jump-start additional research.
Define the marginal social benefit of pollution, and explain why polluting more can provide benefits to a firm even when it could produce the same quantity of output without polluting as much
The additional compensation to individuals from each additional unit of pollutant is known as even the marginal social good of pollution. A company may gain from increasing its pollution levels if, for instance, it must purchase and install pricey special equipment to extract Carbon dioxide in order to stop CO2 emissions.
What is the pollution's minimal social benefit?Recall that marginal societal benefit of contamination is the huge savings that an increased unit of pollutants results in for polluters. Accordingly, each plant will continue to emit pollution until its own marginal utility of pollution equals zero in the absence of government intervention.
What does marginal benefit mean?A marginal utility is the highest price a consumer will pay for an extra bonus service or product. It also refers to the additional pleasure or use that a customer experiences after purchasing the extra commodity or service.
To know more about marginal benefit visit:
https://brainly.com/question/22519664
#SPJ4
Land use patterns that reduce incentives for renovations or new development because of an excess of bars, liquor stores, or other businesses that cater exclusively to adults, and that tend to encourage public safety problems are characteristics of what
The above mentioned statements are the characteristics of blight that tend to encourage public safety problems.
Preventing and defending against situations that might jeopardise the general public's safety and security from grave risk, harm, or property damage is known as public security or public safety. It is frequently carried out by a state's government to safeguard its residents, those who live on its territory, and organisations and institutions from dangers to their existence, prosperity, and well-being. Organizations involved in public safety are those that carry out public safety. They often include first responders and emergency services, including law enforcement, fire departments, hospitals, security personnel, and military personnel. Wherever possible, private public safety groups do exist, although they are frequently run by the government.
learn more about Organization here
https://brainly.com/question/29504584
#SPJ4
How many people have 850 credit score?
Experts say that while only 1.6 percent of Americans have a perfect 850 credit score, this is the only one that matters.
What is an acceptable credit score?Credit scores between 580 and 669 are generally considered fair, although the ranges vary depending on the credit scoring model; 670 to 739 are deemed satisfactory; 740 to 799 are regarded as excellent; and scores above 800 are deemed excellent.
What does a credit score mean?A FICO rating is a forecast of your acknowledge conduct, for example, that you are so liable to take care of an advance on time, in view of data from your credit reports.
A person's credit score is a number that lenders use to figure out how likely it is that they will pay back a loan or credit card on time.
Learn more about credit score:
brainly.com/question/30105774
#SPJ4
Which of the following is the correct interpretation of a degree of operating leverage of 5? a. Operating leverage of 5 measures the degree of debt employed by the firm's debt structure b. Operating leverage of 5 means that if sales increase by 5%, there will be a 25% increase in the firm's profit c. Operating leverage of 5 means that the company would need to increase sales by 5 times in order to hit its break-even point d. Operating leverage of 5 means that sales can decrease by 5% before the firm's current level of sales will hit the break-even point
Correct interpretation is - With an operating leverage of 5, the company's pretax profit will rise by 25% if sales rise by 5%.
What is operating leverage ?You can determine the proportion of fixed and variable costs that make up your company's total costs by using the operating leverage calculation. You can use this to see how well your business is using fixed costs to make money. As a result, you can use the operating leverage equation to determine your company's breakeven point and the extent to which revenue growth can increase operating income.
It is a reliable sign that a company has a high ratio of fixed costs to variable costs if it has a lot of operating leverage. As a result, the company is supporting its core business with more fixed assets. In the end, this indicates that the company will be able to increase its profit margin more rapidly. Businesses with high operating leverage will need to keep their sales high to cover their fixed costs. A company with low operating leverage uses a greater number of variable assets to support the core business, resulting in a lower gross margin.
To learn more about operating leverage visit :
https://brainly.com/question/29690696
#SPJ4
arketers conduct marketing research primarily to Multiple Choice choose a market-entry strategy. create a new budget and financial plan. track the actions of competitors. implement a marketing plan. reduce risk and improve marketing decisions.
Marketing research aims to approach its assignment in a methodical and impartial manner. This entails creating a thorough and well-thought-out research strategy that specifies each stage of the investigation.
If marketing management wants to have enough faith in its findings to be willing to make hazardous decisions based on them, impartiality in marketing research is crucial. To this goal, marketing researchers use the scientific approach to the greatest extent feasible. The scientific method is unique in that it transforms implicit assumptions, conceptions, and views into explicit statements (or hypotheses). These are empirically tested. Alternative explanations for the occurrence or phenomenon of interest are also taken into account on an equal basis. A better rice milling device was created not too long ago by a business that specialised in agricultural engineering. The device was brought into Thailand where the country's previous rice mills had a design that produced a high rate of damaged machines (broken kernels).
Learn more about marketing research here:
https://brainly.com/question/18723483
#SPJ4
25. Consider the following information from the books of Mr. Prince:
Loss for the year 20,000
₹
(1)
(2) Drawing made by Mr. Prince * 50,000
(3) Additional Capital introduced by Mr. Prince 1,00,000
(4) Capital at the end of the year ₹ 4,00,000.
Find the capital contributed by Mr. Prince at the beginning of the year.
A factory and its equipment, intellectual property like patents, or the financial assets of a company or a person are all examples of things that provide value or benefit to their owners and fall within the broad definition of capital.
What is Capital ?While money in and of itself could be considered capital, the term is more frequently used to refer to money that is being used for investments or productive purposes. In general, capital is an essential part of managing a firm day-to-day and funding its expansion in the future.
According to economists, whether a unit is a family, a small firm, a major corporation, or an entire economy, capital is essential to its operation.
Calculation of opening Capital
Closing Capital $400,000
(+) Drawing $ 50,000
(-) Additional Capital ($300,000)
Adjusted Capital 150,000
Opening Capital
Loss ($20,000)
Opening Capital $ 130,000
Learn more about Capital here
https://brainly.com/question/13574089
#SPJ1
________ refers to a channel stretching from raw materials to components to final products that are carried to final buyers.
The term "supply chain" describes a path that goes from raw materials to components to finished goods that are delivered to customers. A supply chain includes elements such as product development, marketing, operations, distribution, financing, and customer support.
The most basic kind of a supply chain is one that only involves a company, its suppliers, and its customers. A few examples include producers of raw materials, manufacturers, distributors, retailers, and retail customers. The physical comparison of a drawn-out, interconnected set of supplier operations that finally leads to the shipping of a finished product was first made public by Keith Oliver of Booz Allen Hamilton.
To learn more about supply chain, click here.
https://brainly.com/question/30086410
#SPJ4
when a customer is interested in puchasing penny stocks, the broker dealer must generally disclose either prior to the transactions or with monthly accoutn statements which of the following
When a customer is interested in purchasing penny stocks, the broker-dealer must generally disclose the current market quotation, compensation received, number of shares, risks, financial condition of an issuer, the fact that they may be acting as a market maker or liquidity provider, they may be a shareholder, and that the penny stock is a low-priced stock with greater risks.
When a customer is interested in purchasing penny stocks, the broker-dealer must generally disclose the following information either prior to the transactions or with monthly account statements:
The current market quotation for the penny stock, if any.The compensation received by the broker-dealer and any affiliated persons for selling the penny stock, including any compensation received in cash or securities.The number of shares to which such compensation relates.Any other facts that may be necessary to make the statements made, in light of the circumstances under which they are made, are not misleading.The risk of investing in penny stocks, which are typically highly speculative and volatile, and are subject to greater risks than investments in more established companies.The fact that broker-dealer is not required to disclose the financial condition of the issuer or the risks involved in the penny stock.The fact that the broker-dealer may be acting as a market maker or liquidity provider for the penny stock.The fact that the broker-dealer may be a shareholder of the penny stock.The fact is that penny stock is a low-priced stock and is subject to greater risks than investments in more established companies.To learn more about stocks at
https://brainly.com/question/29992015?referrer=searchResults
#SPJ4
What's the driving force that keep you motivated towards your goal? can it be altered by external factors ?
Intrinsic motivation is the desire to do something for the inherent satisfaction of completing the task. This type of motivation is largely internal and can be less affected by external factors, though certain external pressures may push one to complete the task out of a sense of obligation rather than satisfaction.
For example, an individual may have a goal of writing a book and be motivated to complete it because it is a creative challenge they've set for themselves. While they may be pressured to finish by an external deadline, they are still motivated to write because they find joy and satisfaction in completing the task.
Why is it important to start saving early to meet your short-term and long-term needs?
Starting to save early is important because it allows you to meet your short-term and long-term financial needs.
Starting to save early gives you time to build up a cushion for any unexpected expenses. It also gives you the opportunity to invest your money and make it grow over time.
When you save early, you can take advantage of compound interest, which means that your money will earn interest on the principal plus any interest that has already been earned. This allows your money to grow faster over time.
Additionally, having a long-term savings plan can help you achieve financial goals such as buying a home or paying for college tuition. Saving early also helps to protect you from financial hardship in the future by providing an emergency fund to cover unexpected expenses.
For more questions like Long-term plans click the link below:
https://brainly.com/question/13130674
#SPJ4
In marketing terms, when you hire someone to clean your house, this is an example of a(n) (good/service/idea).
If you own a house cleaning business, you've definitely thought about this when a customer seems to want more of you than was first agreed upon. In this article, you'll learn how to sell commercial cleaning services to fulfill demand.
How do we define your customers?One who purchases goods or services from another company is referred to as a customer. Because they generate revenue, customers are crucial to businesses because they allow them to survive.
Customers fall into five categories.Customers that frequent stores but typically rely their purchases on markdowns are known as discount customers. Customers who buy based on need: People who want to purchase a particular good. Customers who are uncertain about their purchases are said to be wandering.
To know more about customers visit:
https://brainly.com/question/26743878
#SPJ4
Suppose that consumers become more pessimistic about the economy. This causes the price level to decrease as represented by the GDP deflator dropping to 98. Nominal GDP also decreases to $28,000. What is real GDP
Real GDP would be $28,600.The decrease in the price level would lead to a decrease in nominal GDP. When the price level decreases, each dollar of nominal GDP buys fewer goods and services.
The percentage change in the GDP deflator from one period to the next is the inflation rate. We may define it mathematically as GDP deflator of year 2 minus GDP deflator of year 1, divided by GDP deflator of year 1, and then multiplied by 100.
We know that the formula for GDP Deflator is :
GDP Deflator = (Nominal GDP/Real GDP) × 100
We have , 98 = (28,000/ Real GDP) ×100
Or, 28,000 / Real GDP = 98 / 100
Or, Real GDP / 28,000 = 100 / 98
Or, Real GDP = (100/98) × 28,000
= 28,571.429 which is approximately equal to 28,600.
Real GDP is $28,600.
Learn more about Goods at
: brainly.com/question/15727371
#SPJ4
5. In the range B12:E12, Benicio wants to display a rating depending on the total sales for each quarter. He listed the rating criteria in the range A14:F15. For example, if total sales in Quarter 1 are between $5900 and $5999, the Performance rating is Good. Enter the performance ratings as follows: a. In cell B12, start to enter a formula using the HLOOKUP function
Finds a value in the top row of a table or an array of values and return a value in the same column from a row you choose in the table or array. Use HLOOKUP when the values you want to compare are in a row at the top of a data table and you want to look a certain number of rows down.
VLOOKUP is used when the values you want to compare are in a column to the left of the data you want to find. "Horizontal" is what the "H" in "HLOOKUP" stands for.
Syntax: HLOOKUP(lookup_value, table_array, row_index_num, [range_lookup])
This is the syntax for the HLOOKUP function:
Lookup_value: Required. This number can be found in the very first column of the table. Any number, reference, or text string can be used for the lookup value parameter.
Table_array: Required. It's a table where you can check information. Do this by mentioning a range or giving the range's name. The first row of the table array can include anything from text to numeric to logical data.
If range_lookup is TRUE, the first row of the table array must include the following values in ascending order: [...-2], [-1], [0], [1], [2], [A-Z], [FALSE], [TRUE]. The table array does not need to be sorted if the range lookup is set to FALSE. All text, whether capitalized or not, is treated the same. Put the numbers in left-to-right order, increasing values first.
Row_index_num: Required. The index of the table array row from which to retrieve the matched value. A row_index_num of 1 returns the first-row value in table_array, a row_index_num of 2 returns the second-row value in table_array, and so on. HLOOKUP will return the #VALUE! error if the row index num is less than 1, and the #REF! error if the row index num is larger than the number of rows on the table array.
Range_lookup: Optional. Whether you want HLOOKUP to locate an exact match or an approximate match, you can tell it how closely to search for it with this logical value. When TRUE or left blank, a close match is returned. That is, if the lookup value is not an exact match, the greatest possible value that is smaller than the lookup value will be returned. If FALSE, HLOOKUP will do a case-insensitive search. Not finding one causes the return of the error value #N/A.
To know more about the function:
https://brainly.com/question/22603459
#SPJ4