The 5 Steps Involved in the Target Market Selection are as follows: -
STEP - 1: Determine the Proper Targeting Strategy
STEP - 2: Choose the segmentation variables you want to use
STEP - 3: Create market segment profiles
STEP - 4: Assess the Appropriate Market Segments.
STEP - 5: Choose Particular Target Markets
The phrase "target market selection" is frequently used in connection with the creation and introduction of new products. It is a crucial phase of the product or service launch since it helps to focus the marketing strategy, which in turn helps the product or service succeed in the market.
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general electric sells a broad array of products for both businesses and consumers, from jet engines to light bulbs. ge's kitchen appliances would be considered blank .
general electric sells a broad array of products for both businesses and consumers, from jet engines to light bulbs. ge's kitchen appliances would be considered a product line
What exactly are innovation and invention in business?Making new things or developing new manufacturing processes is what invention is all about. Bringing this novel concept to market, or converting an invention into a product, is what innovation entails. A company can utilise the law to defend its business concept.
An invention happens when you create a brand-new concept, whereas an innovation involves enhancing an already-existing idea. Take transportation as an illustration. Being the first motorised mode of transportation, the first vehicle was an innovation when it was built.
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on mar 3, lyons company received $100 cash in advance of providing catering services to a customer. use your knowledge of what a correct journal entry should look like to identify what would be included in the correct journal entry multiple select question.
The following information would be included in the correct journal entry:
Debits for cash would be made and listed first.Unearned Revenue would be stated second and given credit.What is journal entry?Keeping or recording any transactions, whether they are financial or not, in a journal is known as keeping a journal entry. A company's debit and credit balances are displayed along with a listing of transactions in an accounting journal. Each recording in the journal entry can be a debit or a credit, and the entry itself may have many recordings.The purchase of machinery by a nation, which will result in a debit to the machinery account and a credit to the cash account, is an example of a journal entry.Compound, modifying, and reversing journal entries are the three basic categories.It may list impacted subsidiaries, tax information, and other information depending on the company.Learn more about journal entry here:
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Henry is up for retirement after 35 long years at his pharmacy. before retiring, he would like to know how much he would receive each month from social security if he were to retire. during his 35 years, henry averaged an annual salary of $45,620. assuming he would recieve 42% of his annual average each year, how much can henry expect to receive from social security on a monthly basis? a. $1,596.70 b. $1,916.04 c. $15,967.00 d. $19,160.40
Henry is up for retirement after 35 long years at his pharmacy. Before retiring, he would like to know how much he would receive each month from social security if he were to retire. During his 35 years, henry averaged an annual salary of $45,620. Assuming he would receive 42% of his annual average each year, henry expect to receive from social security is $1596.70 monthly.
Retirement is withdrawal from a job, position, or active professional life. You can also reduce your working hours and workload and retire. Many people retire due to old age or are unable to work due to health reasons.
What are the three types of retirement?
Three different types of retirement have emerged as a result of these trends. And each requires a different retirement planning strategy. Here, we discuss traditional retirement, semi-retirement, and temporary retirement, and how you can navigate your chosen path.
At what age can early retirement be allowed?
A worker can retire at the age of 62, but this can save up to 30%. Starting your benefits after normal retirement age may result in higher benefits. Deferred pension credits allow you to receive maximum benefits when you retire at age 70.
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Answer:
A. 1,596.70
hope this helps someone <3
firms should emphasize the importance of consistently good customer service to its employees so that good customer service becomes part of the blank .
Firms should emphasize the importance of consistently good customer service to its employees in order that good customer service becomes a part of the organizational culture.
Organizational culture is that the collection of values, expectations, and practices that guide and inform the actions of all team members. consider it because the collection of traits that make your company what it's. a good culture exemplifies positive traits that result in improved performance, while a dysfunctional company culture brings out qualities that may hinder even the foremost successful organizations. Organizational culture affects all aspects of your business, from punctuality and tone to contract terms and employee benefits. When workplace culture aligns together with your employees, they’re more likely to feel softer, supported, and valued. Companies that prioritize culture may also weather difficult times and changes within the business environment and are available out stronger.
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assume that kubin company produced 17,000 units and expects to sell 16,740 of them. if a new customer unexpectedly emerges and expresses interest in buying the 260 extra units that have been produced by the company and that would otherwise remain unsold, what incremental selling and administrative cost per unit is incurred to sell these units to the customer?
Incremental cost: This is the cost which is added or incurred by producing an additional unit product or providing extra service.
The incremental selling and administrative cost/unit incurred to sell extra units to the customers is 0. This is because 260 extra units were already produced and was supposed to be remain unsold as out of 17000 units only 16740 units were expected to be sold.. But the customer unexpectedly came and demanded 260 units which otherwise would have been unsold.
What does Incremental cost mean?
Incremental cost is the total cost of producing additional units of the product. Incremental costs are calculated by adding additional costs associated with the production process, such as: B. Raw materials are analyzed for additional production units.
How is the Incremental cost calculated?
To determine the Incremental cost, calculate the difference between the cost of producing one unit and the cost of producing two units. Take the total cost to build 2 units ($180.00) and subtract the cost to build 1 unit ($100.00) = $80.00. The remaining amount is the marginal cost.
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5. an uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with income of $36,000 per year for 30 years, beginning a year from today. the going rate on such annuities is 6.5%. how much would it cost him to buy such an annuity today? (hint: this is an ordinary annuity or annuity due?)
An annuity creates a constant stream of payments over a period of time that secures the future financial needs of the investor. Annuities are one of his safe investment options for retirement.
Solution:
PMT = 30,000
N = 30
I = 6.5%
The price of an annuity is the present value of all future constant payments with a discounted rate of 6.5% annually compounded.
Annuity price = 30000*1(1+6.5%)-30/6.5%
Annuityprice = 31488.46
Payments are calculated so that their cash value equals the lump sum amount of cash used to purchase the annuity. For example, if you buy a particular annuity with a lump sum of $100,000 over a period of 20 years, the insurance company can pay you $493.48 per month, and the discount rate he assumes is 1.75%. If an investor makes a large deposit, he can receive the payment today or one year later, depending on the type of annuity.
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Fiorella, a recent college graduate in computer programming, is interested in several positions with global companies because she knows that working in other countries exhibits ________ to potential employers.
Fiorella, a recent college graduate in computer programming, is interested in several positions with global companies because she knows that working in other countries exhibits independence, resourcefulness, and entrepreneurship to potential employers.
Computer programming is the manner of writing code to support unique movements in a laptop, application, or software and instructing them the way to do it. Programming is notoriously one of the hardest to grasp. thinking about how one of a kind it's miles from conventional forms of training, consisting of an undergraduate degree in laptop science, it's now not hard to look why a few humans warfare to discover ways to code.
Disclaimer:- your question is incomplete, please see below for the complete question.
Fiorella, a recent college graduate in computer programming, is interested in several positions with global companies because she knows that working in other countries exhibits ________ to potential employers. Multiple Choice
a. independence, flexibility, and discipline
b. polycentricity and strong leadership skills
c. discipline and flexibility
d. independence, resourcefulness, and entrepreneurship.
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To help children resolve the crisis of autonomy versus shame and doubt, parents should?
To help children resolve the crisis of autonomy versus shame and doubt, parents should strike a balance between control and freedom.
What happens in autonomy versus shame and doubt?Autonomy versus shame and doubt is a stage in the development of children according to Erik Erikson.
The age that a child will often pass through this stage is when they are aged between 18 month to 4 years.
Erik Erikson advices that if we are to help children through the crisis autonomy versus shame and doubt, parents should help the child with their self control.
They can do this by letting the child explore for themselves but balancing this with controlling other actions the children get involved in.
Options for this question include:
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Suppose that the board of directors pays the ceo a bonus in any year that the share price goes up compared to the previous year, but no bonus if the share price either falls or stays the same. What would this particular type of compensation scheme be designed to control?.
By minimizing costs and resolving the conflict of interest between managers and shareholders, the ideal compensation agent scheme would maximize shareholder wealth at no cost to the company. In reality, there is no perfect agency system, which results in agency costs.
What is share?
A share is a unit used in mutual funds, limited partnerships, and real estate investment trusts in the financial markets. The term "share capital" describes all of an organization's shares. A shareholder (or stockholder) of a corporation is someone who owns shares in that company. A share represents the ownership relationship between the company and the shareholder and is an immovable unit of capital. A share's face value, which may not correspond to the market value of those shares, is its denominated value. The total face value of issued shares constitutes a company's capital.
This kind of agency cost plan aims to boost shareholders' wealth. The focus of agency theory is on choosing the best course of action when there is a conflict of interest, particularly when designing a managerial compensation plan that maximizes shareholder wealth. By minimizing costs and resolving the conflict of interest between managers and shareholders, the ideal compensation agent scheme would maximize shareholder wealth at no cost to the company. In reality, there is no perfect agency system, which results in agency costs.
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sonja bishop operates a small international firm named tile, inc. a new treaty between the united states and spain conflicts with a section of the internal revenue code. sonja asks you for advice. question content area a. if she follows the treaty position, does she need to disclose this on her tax return?
Disclosure is required any time a tax treaty overrides a tax law Yes.
A protocol is a change of contract. It is important to read both the Convention and the Protocol that apply to the tax year in which the payment is made. The full text of these agreements is available from US Income Tax. A form to submit if you wish to claim certain tax treaty benefits specific to your country of residence.
The United States has income tax treaties with many other countries. Under these treaties, residents who are not necessarily citizens of another country may receive tax relief or exemption from US income tax on certain income derived from sources within the United States. Then report your earnings as normal and enter the treaty exempt amount as negative earnings under Less Common Earnings.
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You pick up a box of cheerios cereal in the supermarket. the label tells you that a 1-cup serving provides 25 percent of the ______ for iron.
You pick up a box of cheerios cereal in the supermarket. the label tells you that a 1-cup serving provides 25 percent of the Daily Value for iron.
Iron is an important component of hemoglobin, a type of protein found in red blood cells that carries oxygen from the lungs to all parts of the body. If you don't have enough iron, you won't have enough red blood cells to carry oxygen, and you'll get tired easily. Low iron levels are a common problem for blood donors, so you may be wondering if eggs are a good source of iron to help you. An excellent source of important vitamins. Fruits such as apples, bananas, and pomegranates are rich in iron and should be consumed daily for those with anemia to get pink cheeks and stay healthy. Mulberries and black currants are also rich in iron. is.
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A company makes a paper that is 3210,000 of an inch thick. what is 3210,000 written in scientific notation?
Answer:
How do you know if a number is written in scientific notation?
A number is written in scientific notation when a number between 1 and 10 is multiplied by a power of 10. For example, 650,000,000 can be written in scientific notation as 6.5 ✕ 10^8.
The operating cycle is composed of which periods? multiple select question.
a. inventory period
b. accounts receivable period
c. accounts payable period
The operating cycle is composed of the inventory period and the accounts receivable period.
The operating cycle refers to the timeframe which a business takes to procure its inventories, to complete the sale of these inventories, and to receive cash from their sale. It consists of the inventory period and the accounts receivable period.
The inventory period refers to the number of days in which an inventory sits in storage before it is sold off. The accounts receivable period indicates the time taken to receive cash from the sale of inventories.
The operating cycle is an indicator of the operating efficiency of a business. A shorter cycle indicates more efficiency.
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In assessing the competition, the idea is to benchmark the new venture against a competitor.
a. true
b. false
The given statement of assessing the competition is false.
Assessing the competition
The purpose of a competition assessing is to understand your competitors' strengths and shortcomings in comparison to your own, as well as to identify a market gap. A competition assessing is vital since it will assist you in determining how to improve your own business strategy. It will inform you how to outperform your competitors in these areas in order to maintain your customers' interest. As a result, you will have a competitive advantage over others in your industry.
A competitive assessing should tell the entrepreneur on how competitors promote their products and services, as well as opportunities to enter the market by filling product or service gaps in areas that your competitors do not offer or do not serve adequately.
Hence, the given sentence is false.
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The system of governing a company so that the interests of corporate owners and other stakeholders are protected is known as corporate governance. True or false?.
The system of governing a company so that the interests of corporate owners and other stakeholders are protected is known as corporate governance.
The given statement is true.
What do you understand by corporate governance?
Corporate governance is the system by which companies are managed and controlled. The board is responsible for the management of its companies. The shareholders' role in governance is to appoint directors and auditors and to ensure that an appropriate governance structure is in place.The responsibilities of the board of directors include setting the company's strategic goals, providing leadership for their implementation, overseeing the management of the business, and reporting to shareholders on their management.Corporate governance is therefore about what the company's board of directors does and how it sets the company's values, and must be distinguished from the day-to-day operational management of the company by full-time executives.To learn more about corporate governance, refer to:
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Business ethics is concerned more with reasoning than answers. group startstrue or false
Business ethics is concerned more with reasoning than answers that are considered false statements.
What is ethics?The study of what is ethically appropriate and inappropriate is referred to as ethics. The phrase is often used to refer to any idea or set of ethical standards or regulations.
The main purpose of business is to profit and increase their revenue where Business Ethics may come in there were more ethics and rules and regulation would mean that the person would need to concentrate on those things rather than their own business need. As ethics are being followed to some percentage by the business.
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reflect on boeing’s decision to outsource much of the production of the dreamliner 787. what benefits did this strategy offer? were there any drawbacks? on balance, do you think boeing outsourcing strategy is good or bad for the american economy in the long term? why/ why not?
benefits of Boeing's outsourcing:
1. 80% of Boeing customers were from foreign countries.
2. it offers job opportunities and business.
3. a good sep for expanding the market.
4. each part of the airline is generated in a particular expert country.
5. diminishes the risk of Boeing shifts to suppliers.
6. unburdens the major investment Boeing
drawbacks of Boeing outsourcing
1. logistical nightmare
2. many parts turned up late and did not snap together.
3. lack of assistance to suppliers as technical and engineering problems will slow down the entire production process.
4. Boeing loses its expertise as Boeing would stop wing production of aircraft due to technical change and brain drain.
5. core strength and skills are shifted to other companies.
6. hTheydelayed the construction by up to 4 years eventually.
Is outsourcing good or bad for the American economy?Yes… outsourcing is genuinely a commonly useful exchange. Worldwide trade like outsourcing allows America to thrive in its most proficient areas, hence making more efficiency and wealth. According to the Social Security Organization, 51% of American specialists are now making less than $30,000 a year.
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Determine how the equilibrium price and equilibrium quantity in the market for coffee changes if the price of tea, a substitute for coffee, decreases, and due to better weather, the price of coffee beans also decreases.
If coffee's price drops, the demand curve for tea would move to the left.
Therefore, new equilibrium would signify a decrease in both equilibrium quantity and equilibrium price.
Tea and coffee are interchangeable products. Let's say that coffee's price goes up. This will result in a rightward change in the demand curve for tea. The initial equilibrium, or E, is when the supply and demand axes cross. The equilibrium quantity of tea is OQ, while the equilibrium price is OP. The demand curve for tea moves forward as coffee prices rise.
As a result, equilibrium quantity increases from OQ to OQ1 and equilibrium price (of tea) climbs from OP to OP1.
If coffee's price drops, the demand curve for tea would move to the left.
Therefore, new equilibrium would signify a decrease in both equilibrium quantity and equilibrium price.
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What is the primary difference between fraud and errors in financial statement reporting?
The aim makes the difference among fraud and error. Simply explained, errors are acts of unintended mistake or neglect, whereas fraud is an act that is purposely carried out to favor certain groups or people at the expense of others.
What is financial statement?
Financial statements are official records of a company, business, and other such entity's financial situation and actions. An convenient format is used to provide pertinent financial data in a systematic manner.
Therefore,
What is the primary difference between fraud and errors in financial statement reporting?
The aim makes the difference among fraud and error. Simply explained, errors are acts of unintended mistake or neglect, whereas fraud is an act that is purposely carried out to favor certain groups or people at the expense of others.
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an approach to visualizing and managing capacity that recognizes that nearly all products and services are created through a series of linked process, and in every case, there is at least one process step that limits throughput for the entire chain is the formal definition of.
An approach to visualizing and managing capacity that recognizes that nearly all products and services are created through a series of linked process, and in every case, there is at least one process step that limits throughput for the entire chain is the formal definition of Theory of Constraints (TOC).
The Theory of Constraints is an approach for determining the most significant constraint (i.e., limiting factor) that prevents the achievement of a goal and then gradually removing that restriction from the equation. The obstruction is commonly referred to as a bottleneck in the industrial industry.
Improvement is approached scientifically using the Theory of Constraints. Every complex system, including manufacturing processes, is said to be made up of a number of interconnected activities, one of which imposes constraints on the rest of the system (the constraint activity is referred to as the "weakest link in the chain").
The central tenet of the Theory of Constraints is that every process has a single constraint, and that increasing the constraint is the only way to increase the throughput of the whole process. This has a very important corollary: only changes to the constraint will advance the objective; wasting time optimizing non-constraints will not provide meaningful advantages (achieving more profit).
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Toyota knows that people are only actively looking to purchase a car every few years. It wants to focus its ad dollars on people who are actively researching cars to purchase. What targeting dimension should toyota use for its ad campaign?.
Given that Toyota is trying to focus its ad dollars on people who are actively researching cars to purchase, the target dimension that they would use for the ad campaign would be the market audience.
What is the ad campaign?This is the term that is used to refer to the adverting that is done of goods and also services. The ad campaign is the way that the producers would be able to get people to buy the goods and the services that they have to offer in the market.
The market audience can be defined to be the audience that the advertising is meant for. They are the prospective customers for whom the business is trying to get the goods and the services to reach.
Hence we can say that given that Toyota is trying to focus its ad dollars on people who are actively researching cars to purchase, the target dimension that they would use for the ad campaign would be the market audience.
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The sales tax in the state is 7 percent. Based on that rate, who has the higher tax burden?
Annual Income
Alex $20,000
Beatrice - $190,000
Julio - $80,000
Roberta - $60,000
• Alex
• Beatrice
O Julio
• Roberta. what is it ????
Answer: Beatrice
Explanation: I the test.....
Productivity refers to the degree to which an organization can achieve its ends at a low cost.
true/ false
Answer: False
Explanation: Productivity refers to the combination of the effectiveness and efficiency of an organization, while the degree to which an organization can achieve its ends at a low cost is known as efficiency.
business culture affects ethical conduct in what two ways? multiple select question. in sellers being able to provide a product of value in the desire for buyers to take advantage of sales promotions in the competitive behavior among sellers in the exchange relationship between sellers and buyers
Business culture affects ethical conduct in two ways: competitive behavior among sellers.
There are three major factors which will affect your ethical behavior: Individual factors, like knowledge, values, personal goals, morals and personality. Social factors, like cultural norms, the web and friends and family.
Creating a positive work culture: When employees consider a company's code of ethics and social responsibility, they're more likely to feel motivated and support the organization. Employers who encourage employees to require action in their community also gain more approval and commitment.
Sales ethics refers to a group of behaviors that make sure that every lead, prospect and customer is treated with respect, fairness, honesty and integrity. It implies that, as a salesman or marketer, you place the people you sell to first.
Ethical responsibility is anxious with ensuring a corporation is working in a very fair and ethical manner. Organizations that embrace ethical responsibility aim to attain fair treatment of all stakeholders, including leadership, investors, employees, suppliers, and customers.
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the two ways that a corporation can be classified by purpose are a. general and limited. b. profit and not-for-profit. c. state and federal. d. publicly held and privately held
The two ways that a corporation can be classified by purpose are profit and non-profit corporations.
The profit corporations are the corporations that earn profits from their business and pay taxes to the government according to their profits. While the non-profit corporations are the corporations that do earn profit but do not pay tax as they profit collected are reused for the welfare of the society for various people in need.
The main income is for the profit organization are the profits earn from the sales while for the non-profit organization the source of income is the donations made by people and government.
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larry is a tax accountant and sheila is a hairdresser. larry prepares sheila's tax return for free and sheila agrees to style larry's hair six times for free in return for the tax return. the value of the tax return is approximately $300 and the hair styling work is approximately $300. a. how much of the $300 is includable income to larry? is income to larry because there gross income exception in the tax law for "barter" income. b. how much, if any, of the $300 is includable income to sheila?
The Nature of the Gross Income is:-
a. How much of the $300 is includable income to Larry?
$300 is income to Larry because there is no gross income exception in the tax law for "barter" income.
b. How much, if any, of the $300 is includable income to Sheila?
$300
How can I file a barter income report?Disclosing Barter Income
The fair market value of any items or services you obtain through bartering must be included in your gross income in the year that you receive them. Typically, Schedule C (Form 1040), Profit or Loss from Business is where you declare this revenue (Sole Proprietorship).
How is revenue from barter taxed?You could owe income tax, self-employment tax, employment tax, or even excise tax on your bartering income even if you didn't receive any actual cash since "barter dollars," the fair market worth of the items and services you got, are taxed the same way as cash.
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a leader's role in change and innovation is to: group of answer choices provide permission to staff to solve problems take credit for the ideas of others facilitate the conditions for change and innovation to occur take suggestions but make the ultimate decision unilaterally
A leader's role in change and innovation is to facilitate the conditions for change and innovation to occur.
What's invention?Innovation is the practical perpetration of ideas that affect in the preface of new goods or services or enhancement in offering goods or services.ISO TC 279 in the standard ISO 560002020 defines invention as" a new or changed reality realizing or redistributing value". Others have different delineations; a common element in the delineations is a focus on freshness, enhancement, and spread of ideas or technologies.Innovation frequently takes place through the development of further-effective products, processes, services, technologies, art workshop or business models that originators make available to requests, governments and society.What's the significance of invention?Innovation is frequently necessary for companies to acclimatize and overcome the challenges of change. It fosters growth Recession can be extremely mischievous to your business. Achieving organizational and profitable growth through invention is crucial to staying round in moment's largely competitive world.Learn more about invention here:
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Given the following: beginning stockholders' equity $58,000 ending stockholders' equity $30,000 stockholder dividends $25,000 calculate net income or net loss. $fill in the blank 2
In a condition where the beginning stockholders' equity is $58,000 ending stockholders' equity is $30,000, and the stockholder dividends is $25,000, then the net loss out of this transaction will be $3000. Therefore, the option A holds true.
What is the significance of net loss?Net loss can be referred to or considered as the losses incurred by a firm over the revenues generated less the expenses made to incur the amount of such revenues during a given financial period.
From the given information,
Net Loss = Revenues – Expenses
Net Loss = (30000-58000) – 25000
Net Loss = $3,000
Therefore, the option A holds true and states regarding the significance of net loss.
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The incomplete question has been added below for better reference.
Given the following:
Beginning stockholders' equity$58,000Ending stockholders' equity$30,000Stockholder dividends$25,000
Calculate net income or net loss.
net loss 3,000
Net profit 3000
Net loss 5000
Net profit 2000
chapter 3: financial planning approaches: analysis and recommendations - 9.discuss the average savings rate for retirement funding and the average retirement withdrawal rate
Saving at least 15% of your annual income is an appropriate way of savings for retirement funding. According to statistics for a retirement period of 25 years, 4.9% of withdrawal rate works 90% of the time.
What is the average savings rate for retirement funding and the average retirement withdrawal rate?Retirement planning includes multiple steps that evolves with time.
The process involves determining different time horizons to estimate expenses, risk tolerance assessment, calculations of after tax returns and estate planning.
To take the advantage of compounding power, one has to start retirement plans.
Saving at least 15% of your annual income is an appropriate way of savings for retirement funding.
According to statistics for a retirement period of 25 years, 4.9% of withdrawal rate works 90% of the time.
The withdrawal rates reflects the percentage that can be derived from the portfolio every year without any depletion. In a nutshell it gives an estimation of how long the money will last.
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an investor writes an amex major market index 250 call at 13. the market closes that day at $262.34. the investor will break even on his short call if, on the expiration date, the index closes at:
Answer:
263
Explanation:
250+13