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Anon25 [30]
2 years ago
11

Explain three steps an eighth grader should take to create a college savings plan if she is interested in attending a two-year j

ob training program.
Business
2 answers:
NemiM [27]2 years ago
5 0

Answer:

For the student to achieve a better future in his country, studying in a college his life expectancy only increases and the student should estimate the cost of attending a two-year program.

Explanation:

vekshin12 years ago
3 0

first, the student should estimate the cost of attending a two-year program. Then she should plan to save part of that cost. Finally, she should determine how much to budget for periodic deposits.

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How does the buying decision process differ when consumers are shopping on the Internet or mobile device compared with shopping
LuckyWell [14K]

Explanation:

The purchase decision process on the Internet or on mobile devices compared to purchases in a physical store, differ according to the characteristics of each of the shopping environments.

According to Kotler and Keller, the consumer purchase decision process goes through 5 stages:

  1. problem or need recognition,
  2. information search,
  3. evaluation of alternatives,
  4. purchase,
  5. post-purchase behavior.

Therefore the consumer will determine which are the essential attributes when making a purchase and which ones will bring the greatest benefits.

Currently the online shopping market has grown substantially, since most individuals have access to the internet, which makes companies look for a greater online presence, which guarantees the possibility of also offering consumers greater benefits, such as greater discounts and promotions. , since, there is a reduction in systemic and physical costs when the company sells over the internet.

Therefore, online stores compared to physical stores are more likely to offer purchase and post-purchase benefits, in addition to a greater variety of products and brands available, increasing consumer choice.

4 0
2 years ago
You have $5,000 to deposit. Regency Bank offers 15 percent per year compounded monthly (1.25 percent per month), while King Bank
aliya0001 [1]

Answer:

Regency Bank

A = $98577.46

king Bank

A = $81832.68

Explanation:

Given Data:

principle amount  =$ 5000

rate of interest = 15%

n =12 {compounded months}

t = 20 year

for Regency Bank

investment amount obtained as

A =P\times [1 + \frac{r}{n}]^{nt}

A = 5000 [1 + \frac{0.15}{12}]^{12\times 20}

A = $98577.46

for King Bank

Investment amount obtained as

A =P\times [1 + \frac{r}{n}]^{nt}

Here n = 1

A = 5000 [1 + \frac{0.15}{1}]^{1\times 20}

A = $81832.68

3 0
2 years ago
McClary Tires plans to save $20,000, $25,000, $27,500, and $30,000 at the end of each year for Years 1 to 4, respectively. If it
fomenos

Answer:

Total= $107,130.79

Explanation:

Giving the following information:

McClary Tires plans to save $20,000, $25,000, $27,500, and $30,000 at the end of each year for Years 1 to 4, respectively.

The discount rate is 3.3%.

To calculate the future value, we need to use the following formula for each cash flow:

FV= PV*(1+i)^n

Cf1= 20,000*1.033^3= 22,046.06

Cf2= 25,000*1.033^2= 26,677.23

Cf3= 27,500*1.033= 28,407.5

Cf4= 30,000

Total= $107,130.79

4 0
2 years ago
Read 2 more answers
Exeter Company acquires 35% of the voting stock of Fenton Corporation for $7,000,000 on January 1, 2020. At the time, the book v
ArbitrLikvidat [17]

Answer:

a. $700,000.

Explanation:

20,000,000 x 35% = 7,000,000

purchase cost:          7,000,000

nor goodwill or excess of value should be recognized.

But, if the face value is 15,000,000 then:

15,000,000 x 35% =  5,250,000

we recognize a goodwill of 1,750,000

which will be amortized over 5 year thus:

1,750,000 / 5 = 350,000

For the income of Frenton it will recognize the proportion of the net income and subtract the amortization on the goodwill.

3,000,000 x 35% =   1,050,000

amortization        <u>       (350,000)  </u>

<em>income from Frenton  700,000</em>

<em />

8 0
2 years ago
Sandhill Co. purchased a new machine on October 1, 2022, at a cost of $67,560. The company estimated that the machine has a salv
DanielleElmas [232]

Answer:

Results are below.

Explanation:

Giving the following formula:

Purchase price= $67,560

Salvage value= $6,900

Useful life= 6 years

<u>To calculate the depreciation expense under the straight-line method, we need to use the following formula:</u>

<u></u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (67,560 - 6,900) / 6

Annual depreciation= $10,110

<u>2022:</u>

Annual depreciation= (10,110/12)*3= $2,527.5

<u>2023:</u>

Annual depreciation= $10,110

3 0
2 years ago
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