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KatRina [158]
1 year ago
6

1. All of the following are good financial savings strategies EXCEPT ___. (1 point)

Business
1 answer:
jarptica [38.1K]1 year ago
4 0

All of the following are good financial savings strategies EXCEPT "saving for an emergency fund, then paying off credit debt".

<u>Option: B</u>

<u>Explanation:</u>

An effective financial system can encourage savings by offering simple and convenient exposure to suitable savings tools provided at reasonable price by high-quality, reputable institutions. The emergency funds through your earning years can be extremely valuable, if you lose your job or are unable to work due to a temporary injury or after retirement, so you need cash to cover your regular bills.

Here saving for emergency fund, then paying off credit card is blunder idea, because interest rate may become huge load, and if not paid and simultaneously retirement or any tragedy take place which donot permit to continue job than there will be burden from two sides i.e paying regular bills and credit card's principal amount with interest.

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Which of the following captures the specific actions that leaders take to influence others at work? A.Leadership styles and beha
Tom [10]

Answer:

A.Leadership styles and behaviours

Explanation:

-Leadership styles and behaviours refer to the approach and actions a leader take to direct, motivate and guide people.

-Team processes refer to how the team works to accomplish goals.

-Team characteristics refer to the qualities that a group of people that work together possess.

-Leader power and influence refer to the ability a leader has to convince people to do certain things and achieve a goal.

According to this, the option that captures the specific actions that leaders take to influence others at work is leadership styles and behaviours.

7 0
1 year ago
Bonita Company has a factory machine with a book value of $87,800 and a remaining useful life of 5 years. It can be sold for $32
qwelly [4]

Answer: Old machine should be replaced.

Explanation:

The variable manufacturing cost will reduce by:

= 624,000 - 524,000

= $100,000

Over a period of 5 years this will be:

= 100,000 * 5

= $500,000

Selling the old machine would bring in $32,000:

= 500,000 + 32,000

= $532,000

The cost of the new machine would reduce this gross benefit by:

= 532,000 - 455,100

= $76,900

<em>Net income will increase by a total of $76,900 over the 5 year period if the new machine is bought so it should be bought. </em>

4 0
1 year ago
Unearned Income of Minor Children and Certain Students (LO 6.4) Brian and Kim have a 12-year-old child, Stan. For 2019, Brian an
antiseptic1488 [7]

Answer:

Answer for the question : Stan's tax for 2018 =105+240 = $345.

"Unearned Income of Minor Children and Certain Students (LO 6.4) Brian and Kim have a 12-year-old child, Stan. For 2019, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. No election is made to include Stan's income on Brian and Kim's return. Click here to access the income tax rate schedules and the trust and estate tax rate schedules.a. For purposes of the tax on a child's unearned income, calculate Stan's taxable income.b.Calculate Stan's earned taxable income."

is explained in the attachment.

Explanation:

3 0
1 year ago
Ambrin Corp. expects to receive $2,000 at the end of each year for 10 years. Then the corporation expects to receive $3,500 per
mash [69]

Answer:

The approximate present value = $24294

Explanation:

Given the annuity or expected amount for 10 years = 2000 dollars

The corporation expects the amount for next 10 years = $3500

Discount rate or interest rate = 8%

Present value = (2000 × PVIFA at 8%, 10 YEARS) + (3500 × PVIFA at 8%, 10 YEARS × PVIFat 8%, 10 YEARS)

Present rate = (2000 × 6.710) + (3500 × 6.710 X 0.463)

= $24293.6 or  $24294 (round off)

7 0
1 year ago
Miles and Nick each separately apply for and receive loans worth $5,000 apiece. Miles has a very good credit score, so his loan
Irina-Kira [14]
The answer to the question above as to how much more will nick have to pay than miles if nick's loan has an APR of 13.10% and mile's loan has an APR of 7.75 the answer is letter B, $267.50. in calculation the total payment of nick for four years is $5655 that's with the added 13.10% compounded monthly and mile's is $5387.5 with 7.75% compounded monthly.
5 0
1 year ago
Read 2 more answers
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