Divide the numbers on the first graph by 1’s and you get your answer
The purpose of a budget is to use good judgement in order to pay your bills and budget your money. Good judgement is mostly important because you need to be able to use good judgement to determine what bills are "needs" and what bills are "wants." This makes it so you take care of everything. The other reason I would put, is to be sure you can order your bills from most important to least important. So that you can take care of the most important "needs" before the less important "needs." Like you might need a phone, but having the unlimited plan might be a want, so the phone bill wouldn't be as important as the electric bill, even though both are needs.
If the steps are small, a step-variable cost may be approximated using a Variable cost function without significant loss in accuracy.
<h3>Variable cost function</h3>
- An expense for the company that varies according to how much is produced or sold is called a variable cost.
- Depending on a company's production or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.
- It is a production cost whose level fluctuates in response to shifts in a business's manufacturing activities.
- For instance, the raw materials required to make a product's components are regarded as variable costs because they frequently change depending on the volume of units produced.
- The total variable cost curve depicts the relationship between total variable cost and the volume of output produced graphically.
To learn more about the Variable cost function refer to:
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Answer:
r = 0.1560652001 or 15.60652001% rounded off to 15.61%
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g) / (r - g)
Where,
- D0 * (1+g) is dividend expected for the next period
- r is the required rate of return
or market rate of return
Plugging in the values for P0, D1, and g, we can calculate the value of r or market rate of return on the stock to be,
37.73 = 3.70 / (r - 0.058)
37.73 * (r - 0.058) = 3.7
37.73r - 2.18834 = 3.7
37.73r = 3.7 + 2.18834
r = 5.88834 / 37.73
r = 0.1560652001 or 15.60652001% rounded off to 15.61%
