A sample savings plan for a college student based on the given requirements would be:
- Daily savings: $500
- Weekly savings: $3,500
- Monthly savings: $14,000
- Yearly savings: $168,000
- It would 6 months of saving to get $84,000
<h3>What is a Savings Plan?</h3>
This refers to the financial plan that is made in order to sort a budget and set aside certain amounts of money to fund a particular thing.
Hence, we can see that the useful information to be used is:
(Yearly)
- College fees: $30,000
- Housing: $24,000
- Food: $16,000
- Books: $12,000
- Total: $82,000
Read more about savings and budget here:
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Answer: the marketing costs of reaching loyal customers are typically very high
Explanation:
Brand loyalty is when a customer buys a product repeatedly from thesame company rather than buying a substitute from another company. Despite the efforts of the competitors to life them away, such customers are devoted to the product.
It should be noted that the marketing costs of reaching loyal customers are typically low. They hardly need any source of encouragement or advertisement to convince them to make their purchases.
Answer:
The correct option is B,A net inflow of $2,000
Explanation:
The net cash flow from investing activities is the cash dividends received minus cash paid for equipment purchase plus cash received from sale of land
Cash dividends received is $4,000
cash paid for equipment purchase is $27,000
Cash received from the sale of land is $25,000
Net cash flow from investing activities=$4000-$27,000+$25,000=$2000
The correct option ,therefore, is B, a net cash inflow of $2000 from investing activities
Answer:
The correct answer is (A)
Explanation:
Product efficiency is a key aspect which every firm or organisation must achieve to improve revenue and profits. Product efficiency is a way to allocate resource to produce goods and service at the lowest average cot possible. Firms usually apply economist of scale to achieve product efficient. Product efficiency can only be achieved by using scarce resources efficiently and effectively.
Answer:
Project Kansas City
Explanation:
Payback period: It reflects the period at which the investor recovered their invested money. It always shows in years.
IRR: It refers to the internal rate of return. It shows an interest rate at which the Net present value is zero or the initial investment and the present value of all years cash flow would be equal
In the question, it is mentioned that Project Kansas city has a payback period of 27 months and IRR is 6% whereas the project Spokane has a payback period of 25 months and IRR is 5%.
So if we compare both the projects based on IRR, the project Kansas city has higher IRR which means it produces a higher return in the near future.
