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Lana71 [14]
2 years ago
10

Dave mentions that insurance is the defense for managing your money. Why is this true?.

Business
1 answer:
777dan777 [17]2 years ago
8 0

Insurance is a method of defense when it comes to managing your money according to Dave because it prevents you from incurring more debt.

<h3>How does insurance defend your money?</h3>

According to Dave Ramsey, a defense method in managing your money is one that helps you reduce or avoid debt.

Insurance is therefore a defense for managing your money because it saves you from having to incur debt when you pass through a dangerous situation because the insurance will pay out instead of you having to borrow.

Find out more on the purpose of insurance at brainly.com/question/1941778.

#SPJ1

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Naomi received a Form 1099-DIV reporting $104 in dividends for 2018. She had previously elected to have these dividends reinvest
andrew11 [14]

Answer: C - Taxable on her 2018 return and increase her basis in the stock.

Explanation: Dividends are the returns on investment which can be cash dividend or stock dividend.

These dividend received can be reinvested. If cash dividend is given, it can be reinvested into purchase of more stocks while if its stock dividend it might not be taxed immediately until the stock are sold.

Tax rate on investment is lower than the income tax rate. Dividend can be classified as ordinary dividend or qualified dividend.

An ordinary dividend are taxed as ordinary income while qualified dividend are that meets a certain criteria as subject to a lower Capital gains tax.

5 0
4 years ago
Amy invests 1000 at an effective annual rate of 14% for 10 years. Interest is payable annually and is reinvested at an annual ef
Varvara68 [4.7K]

Answer:

I want to say thatbi love this app.and im just saying rjrsb

Explanation:

he

8 0
3 years ago
You hope to buy your dream car five years from now. Today, that car costs $62,500. You expect the price to increase by an averag
Vilka [71]

Answer:

the value after 5 years is 72,103.59

Explanation:

One can calculate this kind of problems as the calculation of future value of the today car cost, so take into account the next formula:

FV=PV*(1+i)^{n}

where FV is future value, PV is the present value, i is the periodic interest rate and n is the number of periods. So applying to this particular problem we have:

FV=62,500*(1+0.029)^{5}

FV=72,103.59

3 0
4 years ago
A company manufactures and sells blank audiocassette tapes. The weekly fixed cost is ​$10,000 and it costs ​$0.40 to produce eac
sasho [114]

Answer:

6251 tapes

Explanation:

Given: fixed cost is ​$10,000.

           Variable cost is $0.40 to produce each tape.

            Selling price is $2 per tape.

Lets assume number of tapes to be produced and sold be "x"

We know, Total cost= Fixed\ cost+ Variable\ cost

∴ Total cost= 10000+ 0.40\times x

Total cost= 10000+0.40x

As given, selling price is $2 per tape.

∴ For attaining break even point, Tota cost = Selling price.

10000+0.40x= 2x

Solving the equation to find the value of x

⇒ 10000+0.40x= 2x

Subtracting both side by 0.4x

⇒10000= 1.60x

Dividing both side by 1.60

⇒ x= \frac{10000}{1.60}

∴ x= 6250

Hence, number of tapes must be sold and purchased is 6250 to attain break even in the business, however selling one more tapes will get profit is 6251.

4 0
3 years ago
The generic types of competitive strategies include:
Vlada [557]

Answer:

The correct answer is D

Explanation:

GCS stands for Generic Competitive Strategy, which is a methodology designed or created in order to provide the companies or firm with the strategic plan so that to gain as well as complete the advantage within the market place.

There are 2 kinds or types of the generic strategies in order to achieve or accomplish the above average performance in the industry, those are focus, leadership, cost and differentiation.

So, the generic kind of competitive strategies comprise of broad differentiation, focused differentiation strategies, focused low-cost, low-cost provider and best-cost provider.

7 0
3 years ago
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