Carrie has already saved $14,950 in her investment account today and she plans to continue to add on equal deposits at the end of every three months for the next 11 years. What quarterly payment is required to accumulate $45,000 in total at the end of the 11 years if the nominal rate of return on the investment is 4.3% compounded annually? Enter the future value as a positive value in the FV box below. Enter PV and PMT as positive or negative values based on FV being positive. Report PMT accurate to the nearest cent. P/Y = C/Y = N= I/Y = PV = $
Answers
To calculate the quarterly payment required to accumulate $45,000 in total at the end of 11 years, we can use the future value of an ordinary annuity formula:
FV = PV * (1 + r)^n + PMT * [(1 + r)^n - 1] / rWhere:
FV = Future value ($45,000)PV = Present value ($14,950)r = Nominal interest rate per period (quarterly rate = 4.3% / 4 = 1.075% or 0.01075)n = Number of periods (11 years * 4 quarters per year = 44)We need to solve for PMT.
Plugging in the values, we have:
$45,000 = $14,950 * (1 + 0.01075)^44 + PMT * [(1 + 0.01075)^44 - 1] / 0.01075Simplifying the equation and solving for PMT:
$45,000 - $14,950 * (1 + 0.01075)^44 = PMT * [(1 + 0.01075)^44 - 1] / 0.01075$30,050 = PMT * [(1.01075)^44 - 1] / 0.01075PMT = $30,050 * 0.01075 / [(1.01075)^44 - 1]PMT ≈ $314.06 (rounded to the nearest cent)Therefore, Carrie would need to make quarterly payments of approximately $314.06 to accumulate $45,000 in total at the end of 11 years.
About PaymentPayment is the voluntary surrender of money or an equivalent or something of value by one party to another in exchange for goods or services provided by them or to fulfill a legal obligation.
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Related Questions
The cost of a first-class postage in 1970 was $0.06 and in year 2016 was $0.47. determine the average annual rate of increase in the price of postage stamps during the years 1970 to 2016.
Answers
First class postage was $0.06 in 1970 and $0.47 in 2016. The average annual increase in stamp prices from 1970 to 2016 would be 4.58%
What are the new stamps for 2022?The United States Postal Service (USPS) has issued five new postage stamps for the 2022 holiday season: Holiday Elves, Snowy Beauty, Winter Blooms, Chanukkah and Kwanzaa are new releases for this holiday season.
Are stamps cheaper at Walmart?At the time of this writing, Premium USPS shipping costs $0.58. That's the same price you pay at both your local post office and Walmart.
How much will stamps cost in 2022?USA Postal Service will introduce new postage rates for most (major) mailing items on Sunday, July 10, 2022. Send letters, postcards, flat/large envelopes: First class mail (1 ounce) letter rates for postage purchased at the Post Office will increase by 2 cents from $0.58 to $0.60.
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A flower shop uses software to execute transactions that is ten-years old. It is often slow and ineffective. What type of influence is affecting this business?
external
economic
governmental
internal
Answers
Answer:
Internal
Explanation:
The problem is the flower shop’s software. The flower shop needs to update or buy a different up-to-date software like ASAP.
Over 50% of Americans have no long-term savings. Why do you think it's so
difficult for so many people to save money? Explain your opinion.
Answers
Answer:
because they cant stop spending money
Explanation:
money is money
GlowWell is a paint manufacturing company, It has formulations for two new brands of paint, Premium Plus and Ultra Hide. There are none of these in stock so they must be manufactured from scratch. A new order has come in and these two products has to be manufactured in 8 hrs. The two main ingredients in these paints are pigments and resins. The Premium brand requires 5mg of pigments and 0.2 mg of resins in each can of paint. The Ultra Hide brand requires 4mg of pigments and 0.1 mg of resins in each can of paint. These formulations stipulate that pigments must be no more than 100mg and resins must be no less than 3mg per can of paint. GlowWell requires 12 minutes to manufacture a can of Premium Plus and 48 minutes for a can of Ultra Hide. The company needs to know the combination of paints to maximise its revenue. GlowWell will sell a can of Premium Plus for $10 and a can of Ultra Hide for $15.
Use X1 and X2 to define the variables indicating which variable is X1 and X2
Derive GlowWell’s Objective Function in terms of X1 and X2 What are the Contraints under which GlowWell must operate Graphically illustrate the Feasible Region 4 Marks
State the coordinates of the corner points e.g A(2,7), B(12,5) Determine optimal solution Determine the revenue at the optimal solution
Answers
To solve the given problem, let's define the variables:
X1: Number of cans of Premium Plus paint
X2: Number of cans of Ultra Hide paint
Objective Function:
The objective is to maximize the revenue. The revenue is determined by the number of cans sold for each type of paint and their respective prices. The objective function can be expressed as:
Revenue = 10X1 + 15X2
Constraints:
Pigments constraint: The total amount of pigments used in the cans of paint must not exceed the available amount (100mg). The constraint can be written as:
5X1 + 4X2 ≤ 100
Resins constraint: The total amount of resins used in the cans of paint must be at least the required amount (3mg). The constraint can be written as:
0.2X1 + 0.1X2 ≥ 3
Manufacturing time constraint: The total manufacturing time should not exceed the available 8 hours (480 minutes). The constraint can be written as:
12X1 + 48X2 ≤ 480
Non-negativity constraint: The number of cans cannot be negative. Both X1 and X2 should be greater than or equal to zero.
X1 ≥ 0
X2 ≥ 0
Graphical Representation:
To illustrate the feasible region, plot the constraints on a graph and shade the region that satisfies all the constraints.
Corner Points:
Find the coordinates of the intersection points of the constraints to determine the corner points of the feasible region.
Corner Points:
A: (0, 30)
B: (20, 8)
C: (40, 0)
D: (33.75, 4.25)
E: (10, 0)
Optimal Solution:
To find the optimal solution, calculate the objective function value at each corner point and select the point that maximizes the revenue.
Objective Function Value at each corner point:
A: Revenue = 10(0) + 15(30) = $450
B: Revenue = 10(20) + 15(8) = $280
C: Revenue = 10(40) + 15(0) = $400
D: Revenue = 10(33.75) + 15(4.25) = $453.75
E: Revenue = 10(10) + 15(0) = $100
The optimal solution is at point D: (33.75, 4.25), which maximizes the revenue.
Revenue at the optimal solution: $453.75
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The fact that a bank's assets tend to be long-term while its liabilities are short-term creates:
a. interest-rate risk.
b. credit risk.
c. lower risk for the bank, this is why they follow this strategy.
d. trading risk.
Answers
a. interest-rate risk. Bank's assets tend to be long-term while its liabilities are short-term creates.
What is assets?Assets are tangible or intangible resources that a person or business owns. Assets can be short-term or long-term investments and can be used to generate income or increase value. Examples of assets include cash, real estate, investments, inventory, equipment, vehicles, and intellectual property. They can be classified as current assets or non-current assets depending on their expected lifespan. Current assets are those that are expected to be realized within one year, while non-current assets are those that are expected to be owned for more than one year. Assets are important for businesses because they are used to generate revenue, pay expenses, and increase shareholder value. Additionally, assets provide liquidity, which allows businesses to generate cash flow and make investments.
Therefore the correct answer is A.
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Two brothers who were certified public accountants worked together at a large accounting firm practicing their chosen profession. The older brother was concerned about his younger brother's apparent inability to show up at his job by 9 a.m. each morning, sober and clear-eyed. One day, after the younger brother showed up late for work yet again, the older brother told him that if he would show up at the office sober and ready to work by 9 a.m. each morning for the next 10 months, he would pay him $15,000 at the end of that time. The younger brother accepted the offer and complied with its terms from that day forward. Nine months later, the older brother died unexpectedly. One month after that, the younger brother filed a claim with his brother's estate for the $15,000. Will the younger brother prevail in his claim
Answers
Answer: Yes. The younger brother will prevail in his claim since he has performed under a valid contract.
Explanation:
Based on the information given, the younger brother will prevail in his claim because he has performed under a valid contract.
Based on the information given, he entered into a valid contract with his elder brother, accepted the offer and complied with its terms from that day forward. Since he performed the contract, he's entitled to the $15000 when after his brother's death.
Please help I’ll give you brainiest
Answers
Because we do not have the clip, I'll just provide definitions to each answer.
competing: striving against one another to gain or win something.
collaborating: work jointly on an activity, especially to produce or create something.
compromising: settle a dispute by mutual concession.
accommodating: fit in with the wishes or needs of.
avoiding: keep away from or stop oneself from doing (something).
Shane is trying to become better active reader. He has spread his reading assignments over the course of a few days, reads when he is most alert, and only reads in place where he can concentrate. What else can he do to be a better active reader?
Answers
Answer: Annotate the text
Explanation:
The options include:
Rewrite what he reads.
Annotate the text.
Try to visualize the text in his head.
Read more pages per day.
Based in the information given, another thing that Shane can do to be a better active reader is for him to annotate the text.
Annotating the text simply means that he can highlight the texts or underlining the key information in the text. He can also write few notes by the margins to help him understand what he's reading better.
Match the sub-specialization to their definitions.
-auditing
-taxation
-environmental accounting
-forensic accounting
Answers
Answer:
forensic accounting- Working within companies or as a
consultant to detect bookkeeping
errors, embezzlement, and
fraudulent financial reporting.
environmental accounting- Involves a relatively new field in
which specialists help companies
manage their CSR initiatives.
taxation- Researching and inspecting all
summary reports to insure full
compliance with all state and
federal reporting requirements.
auditing- Handles all reporting and
documentation submissions
to local, state, and federal
tax agencies.
Explanation:
i think these are right the last two im really not sure of sorry if wrong.
Answer:
In this exact order
forensic accounting-
environmental accounting-
auditing-
taxation-
Explanation:
telephone solicitations, mail, infomercials, catalogs, and e-mails can all be considered part of
Answers
Telephone solicitations, mail, infomercials, catalogs, and e-mails can all be considered part of Selling.
Selling is a two-way conversation between a buyer and a seller intended to sway the buyer's choice to buy. This can include infomercials, catalogues, telemarketing calls, postal solicitations, and emails.
A phone call that serves as an ad is referred to as a telephone solicitation. However, under FCC regulations, some phone solicitations are allowed, such as those made with your express consent, by or on behalf of a tax-exempt non-profit organisation, or from a person or organisation.
Telesales may be a highly lucrative method to start a sales career with a little bit of skill and technique. We've included some of the greatest advice and strategies for making your sales calls effective, pleasant, and—most importantly—profitable in this post.
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Pls help it’s due tomorrow!
Answers
Answer:
A. Contact Information for Refrences.
Explanation:
Hi there! To me it makes the most sense because it has nothing to do with a carrer plan. Sure, refrences are benefical but they do not determine what can help you grow and succed in the workforce.
I hope this helps! Good luck! :)
Which one is not a Function in MS Excel?
MAX
ARG
MIN
SUM
Answers
There for the answer is ARG.
Cody worked 59 hours last week. Of those hours, 40 hours were paid at the regular rate of $12.50. Ten hours were paid at time-and- a-half, and 9 hours at the double-time rate.
a) What was the gross pay for regular hours?
b) What was Cody’s overtime wages?
c) What was Cody’s total gross pay for the week?
Answers
Answer:
Explanation:
a. What was the gross pay for regular hours?
This will be the regular pay multiplied by the regular hours. This will be:
= $12.50 × 40
= $500
b) What was Cody’s overtime wages?
Cody's overtime wages will be the total amount earned during overtime. This will be:
= [10 × ($12.50 × 1.5)] + [ 9 × ($12.50 × 2)]
= (10 × $18.75) + (9 × $25)
= $187.50 + $225.
= $412.50
c) What was Cody’s total gross pay for the week?
The total gross pay for the week will be the addition of the amount that was earned during regular hours and overtime. This will be:
= $500 + $412.50
= $912.50
Assume the economy is operating at P1Y2.
Which of the following would cause a shift to bring the economy to P3Yf?
Real wages fall.
Productivity increases.
Personal income taxes increase.
Transfer payments decrease.
A major hurricane hits the southeastern United States.
Answers
The decrease in aggregate demand would also reduce productivity and lead to a decrease in output and employment.
What is employment?Employment is an agreement between two parties, usually based on a contract, where work is exchanged for compensation, such as wages, salary, or commission. Employment is typically for a fixed period of time, and the employer usually has the right to dismiss an employee for a legitimate reason. Employment typically involves an exchange of services, knowledge, skills and experience for remuneration. Employment can be either full-time, part-time, or casual, depending on the type of job and the agreement between the employer and the employee.
A major hurricane hitting the southeastern United States would cause a shift to bring the economy to P3Yf as it would reduce aggregate demand in the affected areas, resulting in a decrease in consumption and investment spending. This would lead to a contraction in output and employment, resulting in a decrease in real wages, a decrease in transfer payments, and an increase in personal income taxes.
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Question 27 pts OSHA, the Occupational Safety and Health Administration, has notified you that your company is legally required to install safety rails around the large vats of chemicals in your factory. You need to follow their order so that you are: Group of answer choices in compliance. licensed. insured. contracted.
Answers
Nico and Lorena used different methods to determine the product of three fractions. Nico's Method Lorena's Method Whose solution is correct and why? Nico is correct because he knew that Nico is correct because he knew that Lorena is correct because she knew that Lorena is correct because she knew that
Answers
Hello. You forgot to show the calculations made by Nico and Lorena. The calculations are shown in the attached figure.
Answer:
Nico is correct because he knew -4/5 is equal to -4/5.
Explanation:
As you can see in the image below, Nico and Lorena had to solve the expression (2) x (1/6) x (-4/5).
In this case, the correct resolution is Noco's resolution, since it has the following resolution steps:
2x1x (-4) / 1x6x5 =
-8/30 =
-4/15
for a new laptop computer, tatra software and hardware company has a unit contribution margin of $120 and a contribution margin ratio of 40%. what is the unit selling price?
Answers
The contribution margin ratio is calculated using the following formula: Contribution margin ratio: Unit contribution margin/ Unit selling price Here, the Contribution margin ratio = 40%, Unit contribution margin = $120, Therefore,40% = $120/ Unit selling price. Unit selling price: $120 /40% Or, Unit selling price = $300
The donation periphery rate is the difference between a company's deals and variable charges, expressed as a chance. The total periphery generated by a reality represents the total earnings available to pay for fixed charges and induce a profit. When used on an individual unit trade, the rate expresses the proportion of profit generated on that specific trade.
The donation periphery should be fairly high since it must be sufficient to also cover fixed charges and executive outflow. Also, the measure is useful for determining whether to allow a lower price in special pricing situations.
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a multinational enterprise would likely be motivated to pursue a global-standardization strategy in order to do which of the folllowing?
Answers
A multinational enterprise would likely be motivated to pursue a global standardization strategy in order to achieve cost reduction, increase efficiency, and maintain consistency across different markets.
A multinational enterprise would likely be motivated to pursue a global standardization strategy in order to achieve economies of scale and reduce production costs.
What is a multinational enterprise?
A multinational enterprise (MNE) is a company or corporation that operates in many different countries, either with subsidiaries or under a parent corporation. Multinational corporations have a large presence in more than one country. Multinational enterprises operating in a variety of sectors, including healthcare, technology, and consumer goods. The goal of the MNE is to increase sales and profits by growing beyond the domestic market. A global standardization strategy can be used by a multinational enterprise to increase efficiency, lower costs, and increase revenues. By standardizing the products or services they sell across all regions, multinational firms can reduce costs and better manage their global operations. By utilizing this technique, a multinational enterprise would be motivated to achieve economies of scale and reduce production costs. By standardizing products or services, the MNE can offer a consistent user experience across all markets, making it easier to manage its operations.
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Business executives view foreign direct investment as a way to:_______
Answers
An ownership interest in a foreign project or company is known as a foreign direct investment (FDI) and is made by a foreign investor, business, or government. The goal of the current study is to maximise the advantages of foreign corporate presence.
Who is FDI?An entity based in another nation makes an investment in the form of controlling ownership in a company in another country. This investment is known as a foreign direct investment (FDI). So, the idea of direct control sets it apart from a foreign investment portfolio. In general, "mergers and acquisition, constructing new facilities, reinvesting earnings obtained from operations overseas, and intra company loans" are considered to be foreign direct investments. According to the balance of payments, FDI is the total of equity capital, long-term capital, and short-term capital. Participation in management, joint ventures, the transfer of technology, and experience are typical components of FDI. The cumulative net (i.e., outbound minus inbound) FDI during any particular period is known as the stock of FDI. Direct investment is not included in investments made through stock purchases.
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Suppose you are employed and about to enrolled in philhealth. How will you evaluate reliability? What questions will you ask the compony?
Answers
Answer:
1. I will evaluate reliability by;
a. asking about the packages they offer
b. checking how long they have been in the business
c. interviewing other users to know how promptly they keep to processing claims
2. Questions I would ask the company include;
1. How competitive are you in the insurance industry?
2. What is your solvency like?
3. How capable are you to handle risks?
Explanation:
Philhealth is a national health insurance company in the Philippines that is meant to care for the insurance needs of people in the Philippines. They cater to several cadres of people which include;
the formal groupthe indigentsthe sponsored membersthe lifetime membersthe senior citizensand the informal economy.When an employer is offered health insurance under this platform, he would have to make the appropriate findings and ask the necessary questions such as the ones above before he becomes a client of the company.
Philhealth is an acronyms of Philippine Health Insurance Corporation
The Insurance co-operation provides service of Health Insurance which provides payment or reimbursement for one's health care costs as a result of surgeries, illness which makes one unable to work.I will evaluate the reliability of Philhealth by checking its review online and its financial record for the last year ended to asses its ability to afford compensation.
In conclusion, in the process of undertaking my Health Insurance policy, i will ask about the process to go through if any claim for heath insurance arises.
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Announcers present music, news, and sports, and may provide commentary or interview guests about these or other important topics. Some act as masters of ceremonies (emcees) or disc jockeys (DJs) at weddings, parties, or clubs. Many announcers work in radio and television studios. Some announcers are self-employed; others work part time. The median annual wage for announcers was $29,010 in May 2014. SOURCE: United States. Department of Labor. "Announcers." Occupational Outlook Handbook. 17 Dec. 2015. Web. 8 March 2016. A newscaster earns $33,900 and wants to invest 10% of his/her monthly salary to save for retirement in 37 years. If he/she invests this money at 2.9% compounded monthly, how much money will he/she have at retirement? a) How much will be saved each year?
b) What will be the monthly deposit? c) What will be the amount in the account after 37 years?
Answers
A newscaster earning $33,900 per year wants to invest 10% of their monthly salary for retirement in 37 years at a 2.9% monthly compounded interest rate.
To calculate the answers, we first need to determine the amount saved each year. The newscaster wants to invest 10% of their monthly salary, which amounts to $33,900 * 0.1 = $3,390 per year.
Next, we can calculate the monthly deposit by dividing the annual amount saved by 12 (the number of months in a year). Therefore, the monthly deposit is $3,390 / 12 = $282.50.
To find the final account balance after 37 years, we can use the formula for compound interest:
A = P * (1 + r/n)^(nt),
where A is the final amount, P is the initial deposit, r is the interest rate (in decimal form), n is the number of times the interest is compounded per year, and t is the number of years.
Plugging in the given values, we have:
A = $282.50 * (1 + 0.029/12)^(12*37),
Calculating this expression will give us the final account balance after 37 years.
In summary, the amount saved each year is $3,390, the monthly deposit is $282.50, and the final account balance after 37 years can be calculated using the compound interest formula
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What type of B2C e-business model offers a location for buyers and sellers to transact online with revenues coming from fees for sellers or buyers, or commission on sales
Answers
The type of B2C e-business model that offers a location for buyers and sellers to transact online with revenues coming from fees for sellers or buyers, or commission on sales is called an online marketplace.
Online marketplaces provide a platform for sellers to showcase their products and services to potential buyers. These platforms typically charge fees for sellers to list their products or services, and may also charge a commission on sales made through the platform.
Buyers, on the other hand, may also be charged fees for using certain features of the platform, such as premium listings or advanced search options.
Examples of popular online marketplaces include Amazon, eBay, and Etsy. Online marketplaces offer a convenient and efficient way for businesses and individuals to connect and conduct transactions, and have become a significant part of the e-commerce landscape.
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Prompt
What is the difference between liquid and illiquid assets?
Answers
Answer:
Liquid assets may be cash or property that can readily be converted to cash without a substantial loss in value. While on the other hand, Illiquid or fixed assets are possessions of value that are held long-term such as a home, land or equipment.
Hope this helps
Answer:
Liquid assets may be cash or property that can readily be converted to cash without a substantial loss in value. ... Illiquid or fixed assets are possessions of value that are held long-term, such as a home, land, or equipment
Explanation:
I think it will help But if im wrong Its ok:)
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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assume combination d was produced rather than combination B. Will this economy's growth rate increase, desrease, or stay the same?Explain
Answers
As more capital goods are produced, their economy's growth rate increases. A production possibility curve (PPC) is a model used to show the trade-offs in allocating resources between the production of two commodities.
PPC can be used to explain the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contraction.
Suppose Carmen divides her time as a carpenter between building a table and building a bookshelf. PPC displays the maximum number of tables or bookshelves that can be built with the current resources. The shape of the PPC indicates whether the opportunity cost is increasing or constant.
The Production Possibility Curve (PPC) is a model that captures the scarcity and opportunity cost of making a decision when faced with the possibility of producing two goods or services. Points within the PPC are inefficient, points above the PPC are efficient, and points beyond the PPC are unreachable. The opportunity cost of switching from one efficient set of production to another is how much of a good you give up to get more of the other good.
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Have you ever considered designing a program to help people? Here is your chance. Follow the instructions below to design some of the important elements of your own human services program.
Create a mission statement specific to what you are setting out to accomplish.
Consider the following questions and make notes:
What is the need?
Why do people need your organization?
Who will your organization help?
What is your service population?
Where will these services be made available?
How will you inform people of your services?
List Objectives/Tasks
Immediate
Objective 1: How will you complete this task? (Include logic and reasoning behind the objective: how long do you expect it will take your organization to succeed at accomplishing your objective?)
Long Term
Objective 2: How will you complete this task? (Include logic and reasoning behind the objective: how long do you expect it will take your organization to succeed at accomplishing your objective?)
Staff
How many direct service positions are available? What positions are they?
How many program-planning and design positions are available? What positions are they?
How many administrative positions are available? What positions are they?
What is the total number of staff members needed?
Budget
Define the needs of your organization, such as supplies, equipment needed, property, etc. What role will fundraising play in budget planning?
Evaluation
Design a method for monitoring your progress. Explain the details of how you intend to use this tool to ensure that you are on track for accomplishing your goals for your organization.
Name
Finally, after considering the nature of your organization, develop a name for it.
Make a presentation of your organization's mission statement, goals, target population, principles, etc. This can be in the form of a four-hundred-word essay, a three-page outline, or a graphic representation such as a chart.
Answers
To create a human services program, you must first develop a business plan that aligns with your needs and then create the mission statement.
How to create a business plan?It corresponds to a document used to identify all the needs of a new business, such as its risks, resources, legal requirements, mission, personnel needs, etc. successful.
The mission statement is developed to be the statement of the identity of a business in the market, that is, it is a summarized document that demonstrates the reason for the existence of the business, who are its stakeholders and what are the company's values.
Therefore, questions like "What is the need?" and "Why do people need your organization?" will serve as a guide that will direct the creation of the business plan and mission statement in a way that is more aligned with your objectives.
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What do you call a website or e-mail address that is created to look like it comes
from a legitimate source? Choose the answer.
pharming
spoofing
spyware
none of the above
Answers
Answer:
this would be called spoofing.
Spoofing is called as a website or e-mail address that is created to look like it comes from a legitimate source.
What is legitimate source?
Legitimate source is defined as according to the law, something that is legal is acceptable.
It can also be defined as the electoral register is a genuine source of information that is currently available to the public.
A reputable source is defined as the one that has been written by an expert in their field and is free of errors and bias.
A trustworthy source is defined as the one that offers a detailed, well-reasoned idea, argument, or discussion based on solid evidence.
Thus, spoofing is called as a website or e-mail address that is created to look like it comes from a legitimate source.
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How many millions are there in 93 601 008?
Answers
Answer:
There are 93 millions in 93,601,008.
Answer:
93 million in 93,601,008
Explanation:
Hope this helps have a wonderful day! <3
The JKL company is seeking to hire a few marketing executives. The manager of the Human Resource Department is having a hard time selecting the best candidates as the actual potential of the candidates cannot be fully identified during the interview. He however certain that the pool of candidates can be divided into two groups (A and B) in which A are those candidates with high productivity and B are candidates with low productivity. Each of the marketing executives from group A has the capabilities to increase sales amounted to RM27,500 yearly to the company’s revenue while those from group B will only add RM15,000 yearly to the company’s revenue. The JKL company will offer 8
years contract of service to those being hired. The difference in the productivity of the candidates can be assessed through the cost of obtaining educational level, y.
The cost of obtaining educational level, y for groups A and B is given as CA = 12500y and CB =25000y respective. Obviously, the cost of obtaining an education is more costly for those from the low productivity group
a. Identify the salary received by the marketing executives from each group (A and B) if the labour market is perfectly competitive and there is a free flow of information (knowing for certain which are employees coming from which group) ?
b. Identify the salary received by the marketing executives from each group (A and B) if the company cannot differentiate the employees coming from which group?
c. If the company is going to use the educational level, y as the signal to differentiate the employees coming from group A and B, what is the educational level, y that should be chosen by the company to ensure that there will be a separating equilibrium that will differentiate the low and high productivity group of employees?
Answers
If the labour market is perfectly competitive and there is a free flow of information, the salary received by the marketing executives from each group (A and B) .
Revenue added by each employee of group A = RM27,500Number of years the employee will work = 8Total revenue added by the employee = RM27,500 × 8 = RM220,000Salary received by the employee = 0.2 × RM220,000 = RM44,000Salary for group B:Revenue added by each employee of group B = RM15,000Number of years the employee will work = 8Total revenue added by the employe
If the company cannot differentiate the employees coming from which group, the salary received by the marketing executives from each group (A and B) will be the same. The salary of both groups will be determined by the average value of the productivity of all the employees.
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A person offers you the following deal. You can have the proceeds of $2 doubled each year at the end of 15 years, or you can have $10,000 at the end of 15 years. Which deal should you take? Why?
Answers
Answer:
The deal I would take is the first deal.
Explanation:
I would take the first deal because as it's getting doubled by the number after the fourth year you would make $65,536 which is way more money then $10,000 at the end of 15 years.