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ELEN [110]
4 years ago
8

Brian just started using a budget. He proudly tells friends that his budget helps him know where his money is being spent. It al

lows him to spend some money on entertainment with the peace of mind that he will be able to pay the rent, and even gives him more money each month. Evaluate Brian's understanding of budgeting.
Select the best answer from the choices provided.

Brian has no understanding of budgeting. Each of his statements is incorrect.

Brian has a limited understanding of budgeting. A budget will give him more money each month, but it will not help him keep track of his spending.

Brian has some understanding of budgeting. However, a budget does not create more money each month. It just helps him use his money better.

Brian has a good understanding of budgeting. Each of his statements is correct.
Business
1 answer:
stepan [7]4 years ago
5 0
The right answer for the question that is being asked and shown above is that: "<span>Brian has some understanding of budgeting. However, a budget does not create more money each month. It just helps him use his money better." That is the best answer among the choices.</span>
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You have been asked to analyze the queue for registrations for a popular MSOM seminar at a major national conference. Conference
erica [24]

Answer:

Explanation:

Average arrival rate, λ = 5 people in 15 minutes = 20 people in 60 minutes = 20 per hour

Average service rate, μ = 1 in 7 minutes = (60/7) per hour

The minimum number of servers required for a stable queuing system = λ / μ = 20 / (60/7) = 7/3 = 2.333

So, the minimum number of hosts that could be hired = 3 hosts

3 0
4 years ago
You are saving to buy a $188,000 house. There are two competing banks in your area, both offering certificates of deposit yieldi
VMariaS [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

You are saving to buy a $188,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 7.3 percent.

Bank A:

initial  investment $105,000

n=[ln(FV/PV)]/ln(1+r)

n=[ln(188000/105000)]/ln(1+0.073)= 8.26 years

Bank B:

Effective rate= 0.073/12= 0.0061

n=[ln(188000/105000)]/ln(1+0.0061)= 95.78 months/12= 7.98 years

5 0
4 years ago
If Ford Motor Company builds a new auto plant in South Africa this is considered to be
Irina-Kira [14]

Group of options omitted and they are

a) brownfield investment only

b) brownfield and horizontal investment

c) greenfield and horizontal investment

d) greenfield and vertical investmen

Answer:c) greenfield and horizontal investment

Explanation:

A green-field investment is  foreign direct investment whereby a parent company establishes a new  subsidiary in a different or foreign  country, starting its operations from the scratch, ie building the establishment from ground up and not buying an already existing plant or structure..

By  horizontal direct investment , it  means that the  investor establishes  the same type of  operation in a different country as it operates in its home country, for example, Ford Motor Company  based in the United States building a new auto plant  in South Africa.

7 0
3 years ago
[Book Sale] Yasmeen offered to sell Dylan a used business law book for $50. She told him that he could use it in his upcoming bu
Ksivusya [100]

Answer:

B. he was the offeree

Explanation:

Yasmeen offered to sell Dylan the book, this makes her the Offeror. the agreement consists of an offer made by one party which is Yasmeen to enter int a term of contract and also acceptance of the terms of the offer by the other party Dylan. dylan is the offeree.

the 50 dollar to be provided by dylan and the book to be provide by Yasmeen is known as consideration. Since the parties have a mutual misunderstanding, they did not come to a meeting of the minds hence no contract.

7 0
3 years ago
Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past​ year, the mean lead time deman
Xelga [282]

Answer:

a)  10

b)  85

Explanation:

a)

The safety stock is gotten by multiplying the standard deviation with the appropriate z value (demand and service level).

THe z coefficient of service level of 95% is 1.64

So we multiply the SD (standard deviation) with 1.64

Safety Stock = 6 * 1.64 = 9.84 = 10

b)

Now, the reorder point.

Reorder Point = Lead Time Demand + Safety Stock

It is already given that Lead TIme Demand is 75 and we found Safety Stock to be 10, so:

Reorder Point = 75 + 10 = 85

3 0
3 years ago
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