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earnstyle [38]
3 years ago
9

Your goal is to earn an annual salary of $100,000 three years from now. You expect to increase your salary by 6.5 percent annual

ly. How much do you need to earn this year if you are going to reach your goal?
a. $72,988.08
b. $82,784.91
c. $87,878.88
d. $84,363.13
Business
1 answer:
timofeeve [1]3 years ago
3 0

Answer:

$87,878.88

Explanation:

Calculation How much do you need to earn this year

Using this formula

PV = FV/ (1 + r )^n

Where,

FV =Future Value=$100,000

PV = Present Value

r = rate of interest=6.5%

n= no of period=3 years

Let plug in the formula

PV = $100,000 / ((1 + 6.5%)^3)

PV = $82,784.91

Therefore the amount you need to earn this year will be $82,784.91

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High-performance teams are characterized by: members with only individual accountability. members with specialty skills rather t
Soloha48 [4]

Answer:

extensive communication mechanisms.

Explanation:

High-performance teams is a term often used in organizational settings to describes teams that often performed better than other teams and beyond expectation. They are associated with various characteristics amongst others which are:

1. Presence of extensive communication mechanisms

2. Constant collaboration among team members

3. Define objectives and goals

4. Ability to tackle and resolve conflict amicably with speed.

7 0
3 years ago
What is the primary characteristic that differentials a zero based budget from a conventional budget. A. A zero based budget doe
Oksana_A [137]

Answer:

B. The zero based budget requires managers to re-justify every planned expenditure every year.

Explanation:

A zero based budget is one that does not take into account historical data when it is considering the present year budget. Each departmental requirement is re-evaluated and a new amount is assigned as budget for the year.

However conventional budgets carryover the previous year's expenses as a base data point. This results in similar budgeting across years.

So the main difference between the two is that zero based budget requires managers to re-justify every planned expenditure every year.

8 0
3 years ago
A monopolist faces a demand curve given by: P = 220 – 3Q, where P is the price of the good and Q is the quantity demanded. The m
Montano1993 [528]

Answer:

$1350

Explanation:

To find dead weight loss we will take into consideration the price and output level of both monopoly and perfect competition.

Dead weight loss = {(P2 - P1) * (Q1-Q2)} / 2

Where, P2 and Q2 are price and quantity respectively of monopolist and P1 and Q1 are price and quantity respectively of perfect competiton.

Dead weight loss = {(130-40) * (60-30)}/2

= (90*30)/2

= $1350

8 0
3 years ago
Your team is working hard to develop a strategy to serve a new client. Which of the following actions is most important to ensur
Levart [38]

Answer:

b. Invite the client into a meeting to shape the strategy.

Explanation:

It is very important when we invited the client for meeting so that we are able to share the strategy as the open and loose could be discussed in a proper way and in easy way also the suggestions are also welcome. In addition to this, the strategy should be taken place as per the preferences, requirements and choices of the clients

Therefore the option b is correct

8 0
3 years ago
Which of the following is a compound sentence?
ZanzabumX [31]
A. Raymond applied for the position, and he was called for an interview two days later.

(This sentence has more than one subject and a predicate, hence is a compound sentence)


6 0
3 years ago
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