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DedPeter [7]
3 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]3 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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Sure!!

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6 0
3 years ago
SoCal Movie Company produces movies at a studio in Southern California. The risk manager decided to identify the range of potent
SVEN [57.7K]

Answer:

Scenario analysis

Explanation:

Scenario analysis is defined as the process of analysing future occurences by choosing present alternatives. It shows different future possibilities of an event, and not just one.

It is a for of projection analysis.

For example the manager's analysis is: if a severe earthquake occurred while the company was filming a movie, there could be deaths and injuries, destruction of movie sets, delays in production, costs associated with filming at an alternative location, and loss of reputation and good will.

7 0
3 years ago
The quantity of a good demanded in a given time period increases as the price falls, which is known as:_________
Illusion [34]

Answer:

B) The law of demand

Explanation:

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Ceteris paribus means all things being equal.

Says law says supply creates its own demand.

I hope my answer helps you

4 0
3 years ago
. Archie can claim total deductible medical expenses that exceed 7.5% of his adjusted gross income. a. True b. False
Thepotemich [5.8K]

The correct answer is; False, as of 2020.

Further Explanation:

In the previous tax years, 2017-2018, this statement would of been correct. Archie could of claimed his total deductible medical expenses that exceeded 7.5% of his AGI. However, the laws changed for 2019 and this is no longer the correct way to claim medical expenses.

For the 2019 taxes, a person can only deduct any expenses that amount to over 10% of the total AGI per person. The deduction can be figured by taking your AGI and multiplying this total by 10%. The deductions will also have to be itemized before claiming.

Learn more about medical deductibles at brainly.com/question/1845375

#LearnwithBrainly

3 0
3 years ago
A company is assessing opportunities in the BRIC companies and determines that _________ is one of the youngest populations in t
romanna [79]

Answer:

India is one of the youngest Nation in the world

Explanation:

The countries that fall under the BRICs (Brazil, Russia, India and China), will have large tendency to shape the future of world because these countries are growing with greater GDP growth rates.

India is the one of the youngest nation with having its 27% population living below 27 years. The generation has opted to technological advances which suits most of the companies to move here. The human resource here is available at low cost and the free trade agreement of India with a lot of countries has helped it to equip its resources to maximum which is the reason it has 7.6 GDP growth rate.

There is increased demand for infrastructure development, basic needs provision and many other commodities. So this makes India an attractive market with a well diversified people taste because a lot of civilizations are living and burried here.

5 0
3 years ago
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