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Arada [10]
2 years ago
12

People are often influenced by reference groups to which they do not belong. ________ refer to groups to which an individual wis

hes to belong."
Business
1 answer:
Andrew [12]2 years ago
7 0

Answer:

aspirational groups    

Explanation:

An aspirational group refers to the reference group with which an individual would like to associate. Often this is some other person's reference branch that one finds commendable or inspirational. There is a considerable amount of credibility or noteworthiness in aspirational classes that an outside person wants to assign to his or her name.

Conformity is one significant disadvantage to entering an ambitious party. There will be no willing urge to be part of a competitive party to offer membership. Therefore, it is essential to reflect the values, preserve the identity and buy products from that group to become a member.

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Last year, Jose had to invest. He invested some of it in an account that paid simple interest per year, and he invested the rest
VladimirAG [237]

Answer:Please refer to the explanation section

Explanation:

The question is incomplete. We do not have the rate interest for both accounts. We also do not know how much is invested in each account. The question also has a typo, the question says "he invested some of it in an account that paid simple interest per year and invested the rest in an account that paid simple interest per year". We will make some assumption in order to provide a proper solution to this question

Assumptions:

Firstly we will assume he invested in a simple interest account and a compound interest account. assume

The total investment is $1000. $5000 is invested in each account.

Therefore the  Present Value (PV) is $5000 for both accounts

Interest rate (R) is 10% per year for simple interest and 10% per per year   Compounded monthly for compound interest account

Period (n) = 1 year

Simple Interest Account

Future Value (Simple Interest) = P(1 + Rn)

Future Value (Simple Interest) = $5000(1 + 0.10 x 1) = $5500

Interest from Simple interest account = 5500 - 5000 = $500

Compound interest Account

Future Value (Compound interest) = P(1 + R)^n

Future Value (Compound interest) = $5000(1 + 0.10/12)^12 = 5523.565337

Interest form Compound interest account = 5523.57 - 5000 = $523

compound interest account earned more interest than Simple interest Account

5 0
2 years ago
Read 2 more answers
True or False. Managers at a manufacturer of lasers know that the supply of rare earth metals, available only from certain parts
kiruha [24]

Answer:

True

Explanation:

6 0
3 years ago
Sam, an engineer, supervises the construction of a new bridge. When the bridge collapses due to faulty construction, Sam is sued
aleksandr82 [10.1K]

Answer: Other Engineers.

Explanation:

Sam is held responsible for the bridge collapse based on his role as the engineer in charge of the project. As an engineer care has to be taken in making accurate calculations and design to ensure there are no accidents or failure as a result of poor design.

3 0
3 years ago
Following are the transactions for Valdez Services. The company paid $2,000 cash for payment on a 6-month-old account payable fo
laiz [17]

Answer:

accounts payable   2,000 debit

               cash                     2,000 credit

salaries expense   1,200 debit

                 cash                     1,200 credit

Equipment           39,000 debit

               cash                    39,000 credit

utilities expense        800 debit

               cash                    800 credit

B-Valdez drawins    4,500 debit

              cash                   4,500 credit

Explanation:

In all cases the company is using cash. It is performing a cash disbursements thus we credited.

In the debit side we post what we receive or destination of the cash.

Like, equipment, salaries expense and so on.

7 0
3 years ago
Grace Co. had a Chinese yuan payable resulting from imports from China and a Mexican peso receivable resulting from exports to M
bogdanovich [222]

Answer:

Possible options:

A. Yuan increase, Peso increase

B. Yuan increase, Peso decrease

C. Yuan decrease, Peso increase

D. Yuan decrease, Peso decrease

Answer is B

Explanation:

8 0
2 years ago
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