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serg [7]
3 years ago
15

What are two main reasons for having a savings account

Business
2 answers:
Sonbull [250]3 years ago
5 0

Answer:

to start building wealth

and for easy accessibility (emergency funds are there)

poizon [28]3 years ago
4 0
Encourages financial stability
Safety against a loss of funds
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1 If Peter temporarily takes over Thomas's job in his absence, what does this move represent? Briefly explain what this entails.
Ludmilka [50]

Answer:

This can be a positive challenge for Peter's career, as by taking on Thomas he will handle different tasks and job challenges, and by taking on the new responsibilities effectively, he will be able to be more recognized in the organization he works with and gain more trust from your superiors and Thomas, which is a positive point in the work environment that can lead to future promotions.

4 0
2 years ago
Mason and Kirsty purchase 30 shares of Apple stock on January 1, 2009 for $72.49 per share. Mason and Kirsty receive $0.36 per s
zmey [24]

Answer:

  • after-tax average annual return = 14.41%
  • after tax dividends per year = $38.88

Explanation:

initial investment = 30 shares x $72.49 per share = $2,174.70

- dividends received per year = 30 shares x $0.36 x 4 (dividends paid every quarter) = $43.20

after tax dividends per year = $43.20 x 90% = $38.88

- long term capital gains = (30 shares x $183 per share) - initial investment =  $5,490 - $2,174.70 = $3,315.30

taxes on long term capital gains = $3,315.30 x 10% = $331.53

To calculate Mason and Kirsty's after tax average annual return (interest rate) we can use the excel spreadsheet =RATE function, where:

  • PV = -2174.70
  • FV = 5490 - 331.53 = 5158.47
  • Pmt = 38.88
  • Nper = 7

=RATE (nper, pmt, pv, [fv])

=RATE (7,38.88,-2174.70,5158.47) = 14.41%

5 0
3 years ago
Which of the following is NOT included when calculating gross income?
jekas [21]

Financial incomes other than scholarships can be included in the calculation of gross income.

<u>Explanation: </u>

The gross revenue, cost of sold goods marks the gross income for a business which is also known as gross margin. It does not include all the other costs in running the business.

For an individual, gross income is the total financial income that he/she receives before paying tax or other deductions is known as gross income or gross pay. It not only includes wages and salary but also the other incomes namely alimony, pension, tips, rental income, investment income, capital gains and dividends.

7 0
3 years ago
What is the most likely option an individual might research if saving for a short term goal
navik [9.2K]

For short term financial goals, it would be best to put the money in an investment that earns the highest interest while still remaining <em>liquid (</em>aka easy to withdraw your money when you want). In this case some good options would be a high-interest earning savings or money market account.

For short term goals you want to avoid investments that require you to tie your money up for long periods of time like bonds or certificates of deposit.

3 0
3 years ago
Read 2 more answers
A company pursuing a focus strategy a. attempts to serve all market segments. b. concentrates on building market share in one ma
Reika [66]

Answer:

<h2>In Economics and Business, a focus strategy implies concentration of particular market segment and enhance market share by satisfying the needs and demands of consumers in that particular segment.Hence,the correct answer in this case is option a.</h2>

Explanation:

In business,focus strategy is often employed to gain or enhance market share and exercise market leadership.A focus strategy by any business involves the process of focusing or concentrating on any one particular segment of the market and establish a strong and sustainable consumer base in the particular segment to enhance market share.In order to successfully execute the focus strategy,a company or business organisation has to be confident that it can considerably fulfill the market demand in that particular segment and has enough productive resources to do so.There are commonly two types of focus strategy in business:1) Focused cost leadership strategy,which basically aims at improving the regular lifestyle of people by offering affordable products and services and 2) Focused differentiation strategy,which concentrates on providing differentiated or variety of products or services according to the customer needs and preferences within a particular market segment.

6 0
3 years ago
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