Answer:
0.05712790 or 5.71%
Explanation:
Annual rate of return = [(1+ r1)^n1 x (1 + r2)^n2]^[1/(n1 + n2)] - 1
n1 is the time period in which annual interest rate =2.8%
n2 is the time period in which annual interest rate =7.2%
So, n1 = 7 years and n2 = 14 years
= [(1+2.8%)^7 x (1+7.2%)^14]^[1/(7 + 14)] - 1
= (1.21325420 x 2.64683577) ^ 1 / 21 - 1
= 1.05712790 - 1
= 0.05712790 or 5.71%
A<u> "budget"</u> is a plan in which an individual balances available resources and expenses.
Budgeting is the essential way that you can take control of your accounts. Basically, a budget is a composed arrangement for how you will spend your cash. You can make a month to month or a yearly spending plan. The budget enables you to settle on money related choices early, which makes it less demanding to cover every one of your costs consistently. Budgeting reliably can enable you to turn your accounts around and start to fabricate riches.
Answer:
Fast Service Hair Salon
The impact is that instead of a stylist serving only 5 customers in 150 minutes, this same stylist can serve 6 customers. The company-wide implication is that the three stylists, Francois, Bernard, and Mimi can serve 18 customers in 150 minutes altogether instead of just 15 customers under the former arrangement.
Since Lulu, the receptionist is idle most of the time, she can be assigned the billing of customers to enable the stylists to serve more customers with concentration.
Explanation:
Activities and time:
Shampooing = 10 min
Hairstyling = 15 min
Billing = 5 min
Total time per customer = 30 minutes
If billing is assigned to Lulu, the total time per customer reduces to 25 (30 - 5) minutes, thus saving 5 minutes of the stylist's time or an equivalent of 5/30 or 16.7% of their time per customer.
