The formula for exponential growth rate is:
A = Ao e^(k t)
where A is the final standard of living, Ao is the
initial, k is the growth rate constant in decimal = 0.08, t is time elapsed
So we will find t at A/Ao = 2
A/Ao = e^(k t)
2 = e^( 0.08 t)
t = 8.66 ~ since more than therefore 9
So by the time they reached age 29
Answer:
c. 30-year term policy
Explanation:
If I am 35 years old now, and want to purchase life insurance which will cover my spouse for my lost income in the event of your death; and if I want this policy to last until what would be your normal retirement age of 65.
Based on the given information, the best policy to buy is a 30-year term policy because logically that adds up as 30 + 35 = 65 years.
A 30-year term policy means the policy expires 30 years after it began. Generally, a 30-year term is the maximum length of coverage offered, and is usually available to those within the ages 18 to 50.
Answer: to a Director of Management Information Systems.
If Marianne, the payroll manager at Johnson manufacturing wants to upgrade the department's accounting systems, the person whom she would make the most sense to send her request for an upgrade is to a Director of Management Information Systems.
A Management information systems<span> (MIS) director contributes to growth in companies by improving information technology activities and computer resources. They also manage technical departments within an organization and ensure data is available, accurate and secure.</span>
Answer:
Place Mix
Explanation:
Blue Apron delivers to your front door all the ingredients and instructions for preparing full meals for two or four people for several occasions weekly. Delivery to your home would constitute place mix element of the marketing mix for Blue Apron.
Basically , Market mix have<em> four </em>elements they are -
1. <u>Product Mix </u>- It refers to all the decisions which are related to the product.
2.<u> Price Mix</u> - It refers to all the decisions which are related to the price of the product.
3.<u> Promotion Mix</u> - It refers to all the decisions which are related to the promotion or sale of the product.
4. <u>Place Mix</u> - It refers to all the decisions which are related to make the product deliver to the customer.
When the product is not deliver at the right time and at the right place to the customer ,then all other activities of the marketing mix will be of no use . <em>Place Mix is an important element of the Marketing Mix.</em>
Place Mix have two elements which have in distribution of the product they are -
1. <u>Channels of distributions</u> - It includes the people and the firm .
2. <u>Physical distributions</u> - It includes the transportation or warehouse.
Answer:
In a production process new raw materials are considered_____ whereas the finished products are considered______
WIP (Work IN Process)
Units for Sale/ Raw Material for other Processes
Explanation:
WIP (Work IN Process)
The raw material in WIP is converted to useful material for other processes.
Work in process consists of materials labor factory overhead or collectively called as conversion costs. In Work in Process these are completed fully or to a certain limit and send to other processes for further work.
Units For sale
Finished goods are ready for sale and send to desired stores or ware houses for storage and further dispatching to retail stores.
Sometimes these units further need servicing or processes in other departments to make a complex unit . In these situations they are considered raw material for other processes.
