Answer:
He would encourage her to cut the cost on her apartment, by choosing a cheaper apartment.
Explanation:
According to the statement in the question, Mariah saved a total of $15,000, and wishes to make a down payment of $10,000 on house alone. $10,000 is approximately 67% of the total savings. From further description of the house, we find out that she has a spare bedroom in her apartment which she will also pay for as part of the house payment but she will not use, and Mariah is single. If $10,000 dollars go into her apartment alone, the balance of $5,000 dollars will be insufficient to pay for the other expense which includes; the cash outflow of $2,800, the contribution to a retirement plan, care and life insurance policies and purchase of furnishings, not to talk of the other bills like groceries, cable, water etc. even with her monthly income of $3,200, she will run into debt. Hence she will be advised to settle in a cheaper apartment.
The main <span>qualities of real entrepreneur are:
1) </span>spiritual freedom and energy;
2) willpower;
3) ability to effectively negotiate and convince partners and customers;
4) organizational skills;
5) determination and willingness to situations of risk.
Answer: All business cannot be insured, some business that involved gambling ,speculation loss of profit through competition and through fall in demand cannot be insured
Explanation:
Insurance is a pool of risk, it is a wise choice made by a business organizations against unforeseen circumstances. The business is said to be full of risk, having said that not all the risk of business can be insured. The following risk cannot be insured
Gambling : This is a game of chance in which the winner takes all, based on these it is difficult for insurance company to properly calculate the premium in which losses incurred on gambling business can be based.
Speculation : This is the business which involved buying and selling of shares with the hope of making huge profit when the price is higher. Such a business has a high chance of risk which cannot be correctly calculated which made such business difficult to insure.
Loss of profit through competition : Competition in business is inevitable but insurance company cannot insure loss of profit through competition because business can rely on this to involved in careless competition in a bid to make profit.
Loss of profit through fall in demand : The demand in the goods and services produced by a business may fall due to certain factors. Insurance do not insure loss of profit through fall in demand due to the fact that it is difficult to calculate the premium that the business will pay to the insurance company to insure such loss of profit through fall in demand.
The contract cost for constructing a house in June 2005 was $242,555. The index for that month was 205.2 and the current index is 288.8. What is the estimated cost to build the house today $314374.
What is Contract Costing?
Contract costing is used to keep track of expenses associated with a certain contract with a customer. For instance, when a company submits a bid for a major construction project, the business and the potential client engage in a contract describing the parameters of a particular kind of reimbursement for the business.
How do you calculate contract cost?
To determine TCV, multiply the monthly recurring revenue (MRR) by the number of months left in the contract's term, and then add any other one-time costs specified in the agreement.
Total Contract Value = Monthly Recurring Revenue (MRR) x Contract Term Length + Any One-time Fees.
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