1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BabaBlast [244]
2 years ago
14

Angelo's father says he's going to "live off his Social Security" once he's ready to retire. What is Social Security, and how do

es Angelo's father plan to use it during retirement?
Business
1 answer:
Orlov [11]2 years ago
5 0

Social Security is a program and agency that provides benefits. Angelo's father can apply for the benefits for retirement to receive an income every month after he retires.

In the United States, the Social Security Agency provides benefits to citizens, these benefits are indirectly paid by citizens through taxes. This includes:

  • Survivor benefits.
  • Benefits for retirement.
  • Benefits for disability.

When Angelo's father refers to Social Security, he is likely referring to the benefits for retirement the Social Security Agency provides. This is a great benefit because Angelo and his family will receive money every month that will replace his wage as a worker.

This means he can use this benefit to pay for basic expenses such as housing, food, education, etc. without being an active worker.

Learn more in:  brainly.com/question/2460666

You might be interested in
The incomes of all families in a particular suburb can be represented by a continuous random variable. It is known that the medi
liberstina [14]

Answer:

a) 0.10 or 10%

b) 0.5417 or 54.17%

Explanation:

a) The median income of $60,000 is at the 50th percentile of the distribution. If 40% if incomes are above $72,000, then an income of $72,000 is at the 60th percentile of the distribution. Therefore, the probability that a family's income will be between $60,000 and $72,000 is:

P( \$60,000 \leq X \leq \$72,000)=0.6-0.5\\P( \$60,000 \leq X \leq \$72,000)=0.1 = 10\%

b) If the distribution is known to be uniform, the probability that a random chosen family has an income below $65,000 is:

P( X \leq \$65,000)=0.5+\frac{65,000-60,000}{72,000-60,000}*0.1\\ P( X \leq \$65,000)=0.5417 =54.17\%

7 0
3 years ago
Investments in debt securities acquired principally for the purpose of selling them in the near term are classified as ________
tensa zangetsu [6.8K]

Investments in debt securities acquired principally for the purpose of selling them in the near term are classified as<u> trading</u> securities.

The definition of investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.

Form of investment shares. Knead. Mutual funds and ETFs. bank product. option. Savings for pension, retirement, and education. Your investment allows you to be independent and not depend on other people's money when you need it financially. You can pay enough for your needs and desires in life.

Learn more about Investments here: brainly.com/question/24703884

#SPJ4

8 0
1 year ago
The first step in the decision-making process is to
jok3333 [9.3K]

Answer:

First step in decision- making process is to identify problem. The first step in making the right decision is recognizing the problem or opportunity and deciding to address it. Determine why this decision will make a difference to your customers or fellow employees.

Explanation:

8 0
2 years ago
Organic Beauty, a company manufacturing organic cosmetics, body care products, and fragrances, doesn't want to pay the expensive
Damm [24]

Answer:

Consumer pull caused a company to change its practises.

Explanation:

Consumer pull marketing is when a company devices several means to get customers to buy its products. The aim is to increase product demand, win and retain customer loyalty. Unlike consumer push which is a method used to dispose already existing products by bringing them to consumers ; consumer pull attract buyers to its product.

Generally, most companies uses several advertising mode like word of mouth referrals, placement of a product in a strategic place, sales promotion, blogs etc to stimulate the demand for their products since they know customers are looking for products that would meet or suit their need but needed to be attracted to the solution offered by the company.

Morever, the cost expended on consumer pull marketing is way higher before it becomes a brand and household name among consumers. As in the case above, the celebrities have influence on consumers demand for the products even though they have interest in purchasing them hence result to fall in market share.

Example of consumer pull marketing is children wares. Companies would get the wares advertised through various channels such that children and parents becomes attracted to them. Once they are attracted, demand for these wares will increase and retailers would also want to stock up their shops with these wares.

The whole process of the above example is called consumer pull because the company has been able to get customers to buy its products.

4 0
3 years ago
M. Fields, Inc. wishes to accumulate $1,000,000 to be used to pay off a loan at the end of 10 years. How much will M. Fields dep
sveticcg [70]

Answer:

c) $56,984

Explanation:

First, kindly find attached the completion of the question including the multiple choices below

Round your answer to the nearest dollar.

Select the appropriate factor for your calculation:

Future Value of $1: 3.10585

Future Value of an Annuity of an Ordinary Annuity: 17.54874

a) 45,586  b) $33,334  c) $56,984  d)$26,432

Solution

First, we pull out important information as follows

The future value of the accumulation is $1,000,000, therefore, the future value of the ordinary annuity (17.54874) will be used.

Secondly,we now need to calculate the amount to be invested now, to bring an accumulation of $1,000,000, which we call x

The future value= x ( Future Value of an Annuity of an Ordinary Annuity)

= 1,000,000 = x (17.54874)

= $1,000,000 = 17.54874x

x= $1,000,000 / 17.54874

The amount to invest = $56,984

4 0
3 years ago
Other questions:
  • Money that can be easily divided into smaller units of value has the characteristics of
    8·2 answers
  • Which of the following statements is correct?
    7·1 answer
  • To efficiently conduct an alumni survey, a university collects data on all those who attend the annual alumni reunion on campus.
    9·1 answer
  • For the cash flow series below, calculate the external rate of return, using the return on invested capital approach with an inv
    15·1 answer
  • In 2016, Chartres Inc., issued for $105 per share, 60,000 shares of $100 par value convertible preferred stock. One share of pre
    9·1 answer
  • If Brazil gives up three automobiles for each ton of coffee it produces, while Peru gives up seven automobiles for each ton of c
    11·1 answer
  • Select the correct answer.
    7·1 answer
  • Full from of WAN ........
    8·1 answer
  • Nathan has $300 to open a checking account. He wants an account with the lowest fees. He plans on using the ATM machine, and his
    15·2 answers
  • How does consumer law damage business?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!