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BigorU [14]
2 years ago
15

John and Diana have been married for several years and share a goal of owning a 2nd home on the New Jersey shore in 8 years. The

y decide to review their financial expenditures monthly to evaluate steps they can take to better save their earnings. Which step of personal financial goals are they most in
Business
1 answer:
Verdich [7]2 years ago
3 0

Answer:

Step 5: Implementation and review of the financial plan

Explanation:

Considering the situation described above, the step of personal financial goals in which John and Diana are most in is "Implementation and review of the financial plan"

This is based on the fact that step of personal financial goals is:

1. Establishing and deciding your financial objectives and goals

2. Compiling your financial and personal information

3. Analysing your financial and personal information

4. Advancement and presentation of the financial plan

5. Implementation and review of the financial plan: this stage usually involves the process of income and expenditure adjustments.

Hence, when John and Diana decide to review their financial expenditures monthly to evaluate steps they can take to better save their earnings, they are in step 5 of personal financial goals, which is Implementation and review of the financial plan

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Babe Ruth was a famous baseball player in the 1920s. He made a salary of $80,000 in 1930, which was considered outrageous becaus
ArbitrLikvidat [17]

Answer:

In real dollars, Babe Ruth's salary = $80,000 / 0.0645 (CPI 1930) = $1,240,000

Since Babe Ruth was the highest paid baseball player back then, if we compare his updated salary to Kershaw's salary, it represents only = $1,240,000 / $33,000,000 = 3.76%.

That means that most of the players' salary raise was due to other factors, not just inflation.

4 0
3 years ago
Authority to conduct open market operations, which consists of buying and selling of , rests with the Committee. Reserves equal
katovenus [111]

Answer:

If the Fed conducts an open market purchase by specifically buying government securities from the Bank, banks' reserves increase and the quantity of money increases.

Explanation:

The Federal Reserve (Fed) buys and sells government securities to control the money supply. This activity is called open market operations (OPO). By buying and selling government securities in the free market, the Fed can expand or contract the amount of money in the banking system and pursue its monetary policy.

To increase the money supply, the Fed will purchase bonds from banks to inject money into the banking system.

The Federal Reserve's latest effort to calm the financial system — pumping $100 billion a day into trillion-dollar funding markets — is intended to be a temporary role, born of necessity. But it may turn out to be a significant expansion of the Fed's footprint.

3 0
3 years ago
Acme Global hired a director of safety to help the organization ensure proper compliance with the Occupational Safety and Health
Yakvenalex [24]

Answer:

The action of ACME global represent the influence of  Government  in the external environment of an organisation

Explanation:

The external environment of an organisation represents the factors outside the environment that is capable  of influencing  the decision of the organisation.  It consists of the outside factors that influences the organisation.  e.g social cultural, political, economic, technological  factors among others.

One of these factors is the Political/ Legal factor:

The political / legal factor focuses on the influence of government on business organisations. It reviews how government laws, policies, and rules affects the operation of business. The rules and regulations or policies put in place by the government has the capacity to influence the business decision.

In the case of ACME global hiring a director of safety, they are doing so in other to comply to the occupational safety and Health Act that is most definitely enacted by the government.

Therefore we can say that  the action of ACME global represent the influence of  Government  in the external environment of an organisation

5 0
3 years ago
Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing
pshichka [43]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter.

Direct labor per unit= 0.25*14= $3.5

Direct labor equation= 3.5*x

x= units produced

For example:

100 units

Direct labor= 3.5*100= $350

7 0
3 years ago
Inventory records for Dunbar Incorporated revealed the following:
marshall27 [118]

Ending inventory assuming weighted-average cost would be $694

Solution:

Given,

Dunbar sold 560 units of inventory

Apr. 1 Beginning inventory 550 $2.33

Apr. 20 Purchase 310 2.68

Now,

Ending inventory  = 560 -550 = 10

                             = 310 -10 = 300

Ending inventory = 300 × $2.33 = $694

7 0
3 years ago
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