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DedPeter [7]
2 years ago
15

Sam is currently saving $50.00 from every paycheck. What step from The Five Stages of Investing has he reached?

Business
1 answer:
Gennadij [26K]2 years ago
5 0

Answer:

Sam is in the Put and Take stage which is the first stage of investing.

Explanation:

Investing should be taken as a systematic approach towards wealth acquisition. One needs to build a strong financial base before looking into investing any amount of money. The general rule of investing should be, one needs to invest the amount of money he/she is willing to lose. Luckily there is a systematic approach towards  investment. These different step by step stages are as outlined;

1. Put and take: this is the checking account where you put your earnings periodically and take out to meet your expenditure. With careful spending you can save a little over time and let the savings grow.

2. Accumulation: after the savings have grown, take them together with any other bonuses and extra sources of income and put them in a savings account.

3. Investment plan: in this stage, formulate a long-term investment plan on where you will put your money but after dealing with the basic financial needs. In this stage focus more on low return low risk investments.

4. Strategic growth: as your income and savings also grow, you can start investment partly on high return high risk investment since most of your income would be specifically for basic needs.

5. Risk-investing: in this stage, you can fully invest in high risk high returns especially if you have a good cash flow.

In our case, Sam reached the first stage of Put and Take since, he was still saving a specific amount from his paycheck.

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Dave is a salaried employee who works in a gas station. He only earns from his job and has no other source of income. He gets a
tigry1 [53]

Answer:

In my opinion the most suitable answer is E. increase his sources of income to show a rise in his income after taxes

Explanation:

The reason is he could lower his expenses too, but for how long? Inflation is going to eat his salary away anyway possibly in 5 to 10 years so what Daventry ustock do is to create another source of income so that he is safe. Possibly through investing in income generating assets, real estate and possibly a side hustle! (A small time business)

5 0
2 years ago
As a project manager, the project is your number one priority. However, you have team members with competing priorities from oth
kaheart [24]

As per the given scenario, the interpersonal skill that should be used is negotiating effectively.

<h3>Who is a project manager?</h3>

A project manager refers to the person who is in overall charge of the planning and execution of a particular project.

As a project manager, the project is on number one priority. The interpersonal skill that is mainly used in this scenario is negotiating effectively.

Learn more about project manager here:

brainly.com/question/15610382

#SPJ1

4 0
2 years ago
______ consists of a set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data
Mademuasel [1]

Answer:

The correct answer is option A.

Explanation:

Marketing research refers to the set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision-makers involved in marketing goods, services, or ideas.

It involves a number of steps such as defining the objectives and research needs, designing the research, collection of data.  

Marketing research is helpful in making decisions related to marketing goods, services and ideas.

5 0
3 years ago
You have just won the lottery and will receive $530,000 in one year. You will receive payments for 25 years, and the payments wi
polet [3.4K]

Answer:

Present value= $3,642,651.54

Explanation:

Giving the following information:

You have just won the lottery and will receive $530,000 in one year. You will receive payments for 25 years, and the payments will increase by 4 percent per year. The appropriate discount rate is 10 percent.

First, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual payment= 530,000

i= 0.04 + 0.10= 0.14

n= 25

FV= {530,000*[(1.14^25)-1]}/0.14

FV= 96,391,538.43

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 96,391,538.43/ (1.14^25)

PV= $3,642,651.54

7 0
3 years ago
Even though it was extra work for the company to implement, Johan was happy that consumers had asked for a better grade of plast
aliya0001 [1]

It should be noted that the competitive advantage of Johan's company is being affected by Demand conditions.

<h3>What are Demand conditions?</h3>

Demand conditions  can be regarded as the size and nature of the customer base for products,  and this usually bring about innovation and product improvement.

This is why Johan was happy that consumers had asked for a better grade of plastic for the toys his company produced.

Learn more about Demand conditions at:

brainly.com/question/4804206

7 0
2 years ago
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