Insurance is a method of defense when it comes to managing your money according to Dave because it prevents you from incurring more debt.
<h3>How does insurance defend your money?</h3>
According to Dave Ramsey, a defense method in managing your money is one that helps you reduce or avoid debt.
Insurance is therefore a defense for managing your money because it saves you from having to incur debt when you pass through a dangerous situation because the insurance will pay out instead of you having to borrow.
Find out more on the purpose of insurance at brainly.com/question/1941778.
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Answer:
C) Several of the characteristics of a high performing strategic leader.
Explanation:
Nishimatsu established several policies (e.g. open-door, eating with employees, etc.) to decentralize planning strategies.
Nishimatsu also had the habit of talking with flight attendants and other low level employees as a way of being well informed about the airline's operations.
He even decided to take a wage cut when the airline was in financial trouble, which is extremely uncommon for a CEO.
Nishimatsu's behavior and traits made the employees have a very positive opinion of him, and they felt he was approachable and a true leader.
Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few days, and she needs to decide right away how and where to purchase her books. Brita will most likely engage in "limited problem solving" process.
<h3>What is limited problem solving process?</h3>
Limited issue solving is another sort of consumer problem-solving that consumers employ when they need information about unknown brands in well-known product categories or when they make sporadic purchases of goods; it takes a fair amount of time for information collecting and consideration.
The characteristics of limit solving process are-
- Limited issue solving is employed when consumers seek information about a new brand within a well-known product category or when they occasionally purchase products.
- When buying a new, expensive, or infrequently purchased goods, consumers engage in lengthy problem solving.
- Possibly when you need to find out information about an unusual brand in a well-known product area, takes a fair amount of time to gather information.
- Clothing is one example where it is known the product class but not the brand.
Therefore, in the given case- Brita lacks the time to thoroughly consider all of his alternatives. Additionally, he will likely follow suit this time around given his recent success purchasing books online (unless he waited too long and cannot receive his books in time).
To know more about steps in the problem solving process, here
brainly.com/question/10708306
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Answer:
I would recommend Machine 7745
Explanation:
Machine 7745
initial outlay = $8,000
operational costs per year = $300
depreciation cost per year = $700
salvage value (at year 10) = $1,000
total costs per year (1 - 9) = $1,000
total costs year 10 = $0
using an excel spreadsheet, the IRR = 2%. Since you are analyzing costs only, not incremental revenue, then you must select the project with the lowest IRR.
Machine A37Y
initial outlay = $8,000
operational costs per year = $260
depreciation cost per year = $800
total costs per year (1 - 10) = $1,060
using an excel spreadsheet, the IRR = 4%
Answer:
The sustainable growth rate is 16.52%
Explanation:
To compute the substantial growth rate, first, we have to calculate the retention ratio. The formula to compute the retention ratio is shown below:
= 1 – payout ratio
= 1 – 0.16
=0.84 or 84%
Now, we use the formula of substantial growth rate which is shown below:
= (Return on equity × retention ratio) ÷ { 1 - (Return on equity × retention ratio)}
where,
Return on equity = (Net income ÷ total equity) × 100
= ($3,640 ÷ $21,560) × 100
= 16.88%
= (16.88% × 84%) ÷ ( 1 - 16.88% × 84%)
= 0.141792 ÷ (1 - 0.141792 )
= 0.141792 ÷ 0.858208
= 0.1652 or 16.52%
