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3 years ago

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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The four step instructional training method introduced in World War I used the following steps

Pani-rosa [81]

Answer:

The four-step methods used the steps of the show, tell, do, and check

Explanation:

Job instruction training JIT is an orderly, quick, and viable strategy for showing your workers to carry out a responsibility accurately and securely. This strategy for preparing laborers through a straightforward breakdown of steps is honest and complete. By giving such preparing to your laborers, you could reduce the risk of damage or pass to a specialist, avert expensive hardware fixes, or keep away from lost work time.

When wanting to lead JIT, you should pick a powerful coach, recognize a fitting area and time for the preparation, and figure out what data to pass on to the laborers.

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3 years ago

During January, Luxury Cruise Lines incurs employee salaries of $2.4 million. Withholdings in January are $183,600 for the emplo

garri49 [273]

Answer and Explanation:

The journal entry to record the employee salary expense, withholdings, and salaries payable is shown below:

Salaries expense Dr $2,400,000

To Income tax payable ($360,000 + $150,000) $510,000

To FICA tax payable $183,600

To Account payable $24,000

To Salaries payable $1,682,400

(being employee salary expense, withholdings, and salaries payable is recorded)

Here the expenses are debited and payable are credited as it increased the expenses and liabilities

6 0

2 years ago

Borchardt Corporation has provided the following data concerning last month’s operations. Direct materials $ 29,000 Direct labor

skad [1K]

Answer: $178,000

Explanation:

The following information can be derived from the question:

We have to first calculate the total manufacturing cost. This will be:

Direct material 29000

Add: Direct labor 58000

Add: manufacturing overhead 82000

Then the manufacturing cost will be:

= 29000 + 58000 + 82000

= 169000

We then add the beginning work in progress and then subtract the ending work in progress. This will be:

Manufacturing cost = 169000

Add: Beginning WIP = 66000

Less: Ending WIP = 57000

= 169000 + 66000 - 57000

= $178,000

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3 years ago

True or False: A price ceiling below $25 per box is not a binding price ceiling in this market. True False Because it takes many

jeyben [28]

Answer:

1. False

2. Shortage; Larger

Explanation:

1. A binding price ceiling is one that prevents the market from reaching its equilibrium. In this market, the equilibrium price is $25 therefore anything below $25 will be binding. A price ceiling below $25 per box is a binding ceiling.

2. Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a shortage that is larger in the long run than in the short run.

In the long run, supply is more sensitive because farmers can decide to plant oranges on their land, to plant something else, or to sell their land altogether.

This means that a price ceiling in the long run will be less attractive to farmers so they might leave the market. If they do this then the shortage will be more as there are now less supplies in the market.

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3 years ago

Standards for the Code of Ethics for Market Intelligence Professionals includes to manipulate the data as the researcher sees fi

aalyn [17]

Answer:

to provide honest and realistic recommendations and conclusions in the execution of one's duties

to comply with enforced laws,

Explanation:

6 0

3 years ago