1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
professor190 [17]
3 years ago
10

Bill and Sally Kaplan have an annual spending plan that amounts to $36,000. If inflation is 3 percent a year for the next three

years, what amount will the Kaplans need for their living expenses three years from now?
Business
1 answer:
Rama09 [41]3 years ago
6 0

Answer:

$39,338.17

Explanation:

The computation of the future value of their living expenses is presented below:

As we know that

Future value = Present value × (1 + inflation rate)^number of years

where,

Present value = $36,000

Inflation Rate = 3%

Number of years = 3 years

So, the future value

= $36,000 × (1 + 0.03)^3

= $36,000 × 1.092727

= $39,338.17

You might be interested in
When making a sales call, visualizing your product or service fulfilling a need will help you _____.
MAXImum [283]

While making sales call, visualizing your product or service fulfilling a need will help in value proposition.

A value proposition is the value that a company promises to provide to customers if they purchase their product. A value proposition is an important component of a company's overall marketing strategy. The value proposition is a statement or declaration of intent that introduces a company's brand to consumers by explaining what the company stands for, how it operates, and why it deserves their business.

A value proposition is a business or marketing statement used by a company to summarize why a customer should buy a product or use a service. This statement, if written persuasively, persuades a potential customer that one of the company's products or services will add more value or solve a problem for them than other similar offerings will.

Learn more about value proposition here:

brainly.com/question/3130122

#SPJ4

7 0
2 years ago
In order for a company to achieve a sustainable competitive advantage, it must:
Aleksandr [31]

Answer: a. perform one or more activities in the value chain at the same quality level as its competitors.

Note: But it must be at a lower cost than the competitors.

d. perform its value chain activities at a higher quality level than one of its competitors.

Note: It must be at no greater cost than the competitors.

What is Sustainable Competitive Advantage?

They are a company's abilities, culture, assets, and attributes that places them at an advantage or gives them a cutting edge over their competitors, such advantage(s) are difficult to duplicate by another company.

Types of sustainable competitive advantage.

• Low pricing: This is the ability of a company to provide goods or services at a low cost compared to their competitors, this ability could be an important competitive advantage.

• Market Power: This talks about the sole ability of a company to increase price without experiencing a loss in the market share, this happens when there is high barrier to entry in a market.

Other examples are ; powerful brands, outstanding management, product differentiation, etc.

Explanation:

7 0
3 years ago
Use the following statements to answer this question:
Anastasy [175]
I believe the answer would be D. I think
8 0
3 years ago
A firm has a debt-equity ratio of .57. what is the total debt ratio? .36
Dmitriy789 [7]

Answer: The total debt ratio is 0.36

The debt ratio and the debt equity ratio are established by the following identity:

Debt Ratio = \frac{D/E}{1+D/E}

where D/E is debt equity ratio

Substituting the value of D/E ratio in the formula above we get,

Debt Ratio = \frac{0.57}{1+0.57}

Debt Ratio = \frac{0.57}{1.57}

Debt Ratio = 0.36

4 0
3 years ago
Asymmetric information occurs when A. everyone has the same information. B. people engaging in a transaction are uncertain about
melisa1 [442]

Answer:

Option (D) is correct.

Explanation:

Asymmetric information occurs in a situation in which one of the two parties involved in a particular transaction have more information than the other party. This problem mostly occurs in a health insurance market where the a person to be insured have more information about his health than the insurance company.

Asymmetric information will result in two problems are as follows:

(i) Adverse selection

(ii) Moral hazard

8 0
3 years ago
Other questions:
  • In Drewland, the money supply equals $1,000 and velocity of money is 3. The government budget is $300, consumers spend $1500, an
    14·1 answer
  • What are the service advantages to customers when a business sets it goals and strategies based on the findings from a comprehen
    7·1 answer
  • a. Complete an amortization schedule for a $32,000 loan to be repaid in equal installments at the end of each of the next three
    14·1 answer
  • Purchases Journal The following purchase transactions occurred during March for Rehoboth, Inc.:
    11·1 answer
  • Target is going to reduce its annual dividend by 10 percent a year for the next two years. After that, it will maintain a consta
    8·1 answer
  • MC Qu. 157 Current information for the... Current information for the Healey Company follows: Beginning raw materials inventory
    12·1 answer
  • On January 1, 2019, Castle Services issued $167,000 of six-year, 12% bonds when the market interest rate was 1 1 %. The bonds we
    6·1 answer
  • WHAT YOU LOOKED AT IN THE PICTURE?
    14·1 answer
  • True Furniture Co., Ltd. produces desks and cabinets for computers. The production process is largely divided into woodworking a
    9·1 answer
  • At December 31, Gill Co. reported accounts receivable of $263,000 and an allowance for uncollectible accounts of $1,000 (credit)
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!