What are some of the behavioral challenges that prevent people from saving more?

Matthew currently has $2,000 in his checking account and $10,000 in a savings account. He owns a home worth $120,000 and he owes

Zigmanuir [339]

Answer:

164754

Explanation:

Assets are resources controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity (AAA).

Based on the data given, assets is computed as follows;

Cash (checking account) 2000

Cash (savings account) 10000

Home 120000

Investments 12789

Car 19965

TOTAL ASSETS 164754

Mortgage is recorded separated by the home and is treated as liability

Loan & Auto loan are also liabilities of Matthew

Credit cards balances are only his indication of capacity to buy which is if that happens said transaction would result into an obligation of Matthew to pay or simply his liability

5 0

3 years ago

_____ involves creating or sponsoring an event that has a particular appeal to a market segment. specific marketing zoned market

marta [7]

Hi Mattotto5458,

<u>Event marketing</u> involves creating or sponsoring an event that has a particular appeal to a market segment. specific marketing zoned marketing target marketing place-based marketing event marketing

7 0

3 years ago

Phoenix Pump and Filter projects that the cost of steel bodies for Model R910 valves will increase by $2.50 every 3 months. If t

katrin2010 [14]

Answer:

$1023.98

Explanation:

Using the standard notation equation for annual payment and for arithmetic gradient to calculate the present worth of a unit's costs; we have the following corresponding expression.

P = A (P/A, i, n) & P = G (P/G, i, n)

where;

A = annual payment

G = arithmetic gradient

n = number of years

i = annual interest rate

From the question;

the payment period = compounding period

∴ quaterly interest rate = 3%

The present worth value of the unit's cost is therefore shown as

P = 90 (P/A, 3%, 12) + 2.5(P/G, 3%, 12)

P = 90(9.954) + 2.5(51.2481)

P = $1023.98

∴ The present worth value of the unit's cost = $1023.98

7 0

3 years ago

How to write business proposal

siniylev [52]

A proposal finalises the sales process, it doesn’t begin it. Ideally, you should NEVER put a proposal to a prospect without having a conversation first.

Let’s say you get a request out of the blue to provide “some information”. What do you do? What you don’t do is just send some information as requested.

Step 1 - Diagnose

You pick up the telephone, call the person, and ideally arrange a meeting to ask more questions. Questions such as:

• what are you trying to achieve? what are your objectives?

• what are the issues you are currently facing?

• what have you tried before?

• what has led you to thinking this might be your solution?

• what are your constraints?

• what is your timeframe?

• what is your budget?

Step 2 - Plan

Look for areas where you can add value. Can you position a better product, a better way or a better price construct to give an outcome superior to the one they are thinking of? Aim to be as helpful as possible. Even if you just give advice and don’t win the work, they’ll think of you again.

If possible, give your prospect two or three options that fall within different budgets. You never know what funding they may have available to them, and you’re leaving money on the table if you give them one choice to either accept or reject. When provided with a good, better, best structure, most people tend to fall in the middle.

Step 3: - Socialise

Then it is a good idea to socialise your proposed solution with the person. Get their input, buy-in and feedback on the various options and let them select the one that works best for them.

Step 4: - Write

Lastly, put the information into writing, in a proposal.

Step 5: - Deliver

If you can, deliver a draft proposal in a face-to-face meeting and walk them through what you are thinking. Again, get their input, buy-in and feedback.

Step 6: - Close

Then send them a final proposal, with all your agreed points. If you make any changes from what was agreed, go back to them and let them know.

I hope this helps.

8 0

3 years ago

As of December 31, 2017, Armani Company’s financial records show the following items and amounts. Cash $ 10,000 Accounts receiva

Lelechka [254]

Answer:

December 31, 2017 Balance Sheet

$10,000 Cash

$9,000 Accounts Receivable

$6,000 Supplies

$25,000 TOTAL CURRENT ASSETS

$5,000 Equipment

$5,000 TOTAL NONCURRENT ASSETS

$30,000 TOTAL ASSETS

$23,000 Accounts Payable

$23,000 TOTAL CURRENT LIABILITIES

$23,000 TOTAL LIABILITIES

$1,000 Retained Earnings

$6,000 Capital

$7,000 TOTAL EQUITY

$30,000 TOTAL EQUITY + LIABILITIES

Explanation:

December 31, 2017 Balance Sheet

$10,000 Cash

$9,000 Accounts Receivable

$6,000 Supplies

$25,000 TOTAL CURRENT ASSETS

$5,000 Equipment

$5,000 TOTAL NONCURRENT ASSETS

$30,000 TOTAL ASSETS

$23,000 Accounts Payable

$23,000 TOTAL CURRENT LIABILITIES

$23,000 TOTAL LIABILITIES

$1,000 Retained Earnings

$6,000 Capital

$7,000 TOTAL EQUITY

$30,000 TOTAL EQUITY + LIABILITIES

Income Statement

Consulting Revenue $33,000

Rental Revenue $22,000

Salaries Expenses -$20,000

Rent Expenses -$12,000

Selling and Adm Exp -$8,000

Income Statement $15,000

Retained Earnings Report

Opening retained earnings $ 0,000

Add: Net Income $ 15,000

Subtotal $ 15,000

Less: Withdrawals -$ 13,000

Less: Investment -$ 1,000

Total $ 1,000

8 0

3 years ago