Lindsay is looking to put $25,000 at the end of each year into her Registered Retirement Savings Plan (RRSP) for the next 20 years. She believes that she can earn 4% interest, compounded monthly. a) How much will Lindsay have saved after 20 years? Lindsay's calculation: ( 1 mark) b) If Lindsay decides to withdraw the entire amount in one lump sum in 20 years, what would be the amount that she would receive after taxes, assuming her effective tax rate is 32% at that time? c) What is the minimum annual salary that Lindsay needs to earn each year to make a $25,000 annual RRSP contribution?
Answers
a. Lindsay will have saved approximately $831,347.84 after 20 years.
b. Lindsay would receive approximately $563,610.71 after taxes if she decides to withdraw the entire amount in one lump sum.
c. Lindsay needs to earn at least $16,999.96 per year to make a $25,000 annual RRSP contribution, assuming she contributes the maximum allowable amount and is subject to a marginal tax rate of 32%.
a) To calculate how much Lindsay will have saved after 20 years, we can use the future value formula for annuity payments:
FV = PMT x [(1 + r/n)^(n*t) - 1] / (r/n)
Where:
FV is the future value of the annuity
PMT is the periodic payment (in this case, $25,000)
r is the annual interest rate (4%)
n is the number of compounding periods per year (12, since interest is compounded monthly)
t is the total number of years (20)
Using these values, we get:
FV = $25,000 x [(1 + 0.04/12)^(12*20) - 1] / (0.04/12)
FV = $831,347.84
Therefore, Lindsay will have saved approximately $831,347.84 after 20 years.
b) If Lindsay withdraws the entire amount in one lump sum in 20 years, she will be subject to tax on the withdrawal. Assuming her effective tax rate at that time is 32%, she will receive:
Withdrawal amount = FV x (1 - tax rate)
Withdrawal amount = $831,347.84 x (1 - 0.32)
Withdrawal amount = $563,610.71
Therefore, Lindsay would receive approximately $563,610.71 after taxes if she decides to withdraw the entire amount in one lump sum.
c) To determine the minimum annual salary that Lindsay needs to earn to make a $25,000 annual RRSP contribution, we can use the following formula:
PMT = (Salary x RRSP contribution rate) / (1 - tax rate)
Where:
PMT is the periodic payment (in this case, $25,000)
Salary is the annual salary
RRSP contribution rate is the percentage of salary contributed to the RRSP (in this case, 100%)
tax rate is the marginal tax rate
Substituting these values, we get:
$25,000 = (Salary x 1) / (1 - 0.32)
$25,000 x (1 - 0.32) = Salary
$16,999.96 = Salary
Therefore, Lindsay needs to earn at least $16,999.96 per year to make a $25,000 annual RRSP contribution, assuming she contributes the maximum allowable amount and is subject to a marginal tax rate of 32%.
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Related Questions
Helpppp !!!
Usually done before you introduce a new product to be successful :
A) Test marketing
B) Marketing research
C) Marketing concept
D) Marketing mix
Answers
Use this graphic to answer the question.
A new restaurant owner receives a loan of $400,000.00. To help the owner make the right decisions about how to spend the money, another restaurant owner has supplied a general breakdown of costs and a flowchart on how to make investment decisions.
The restaurant is in the business district, and many customers will come in mid-afternoon for lunch. Based on the flowchart and breakdown, which cost is most important to attract these customers?
insurance
food-handler’s license
background music
kitchen equipment
Answers
The food handlers license is the cost that is the most important that would help to attract the customers.
How would the cost attract customers?Based on the fact that the business is licensed to operate, the people would be able to trust the food business.
Hence they would be more likely to be able to go there in order to get the services that they need in the business.
Hence the license is the cost that would help to attract the people
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How does checkout assist help improve the customers checkout experience
Answers
A customer with the help of check-out assist can scan item barcodes before paying for their total shop without needing one-to-one staff assistance.
Self-service checkouts (SCOs), also known as aided checkouts (ACOs) or self-service checkouts, are machines that allow customers to complete their own transactions from a merchant without the need for a traditional staff checkout.
Self-service checkouts are most commonly found in supermarkets, but they are also found in department and convenience stores. Most self-checkout facilities are overseen by at least one staff member, who frequently assists customers with transaction processing, price correction, or other assistance.
Therefore, checkout assist help improve the customers checkout experience.
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What is the main negative effect of slash and burn deforestation in rain forests?
ANSWER
Answers
Answer:
There are many problems that result from this method of growing crops, including deforestation, a direct consequence of cutting down forests for crop land; loss of habitat and species; an increase in air pollution and the release of carbon into the atmosphere—which contributes to global climate change; and an increase
Choose the false statement about the Building and Personal Property Coverage Form. A Personal property owned and used to service the building is included in the building coverage B Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage C Personal property of others that is in the insured's care, custody, and control is automatically included up to $2,500 under coverage extensions D Building Coverage includes the building structure, completed additions, permanently installed fixtures, machinery and equipment
Answers
Answer: Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage
Explanation:
The false statement about the Building and Personal Property Coverage Form is that "Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage"
The above is incorrect. This is because the Tenants Improvements and Betterments are not covered under the
Personal Property of Others Coverage but rather, they are covered in the Business Personal Property.
“Like”, “Um”, and “You know” are all examples of _____. a. standard English b. slang and filler words c. effective communication d. clear enunciation Please select the best answer from the choices provided A B C D
Answers
Answer:
B on edge:)
Explanation:
“Like”, “Um”, and “You know” are all examples of slang and filler words. Thus, the correct option is B.
What are filler words?Filler words, often referred to as discourse markers, are the words we employ when we are at a loss for words. Most of the time, we utilize them unintentionally to pass the time or fill the void while we prepare our primary message.
The most common filler words are found in speech. Our minds periodically need to pause when we talk while we consider our next words or phrase.
Filler words can also convey a particular attitude or feeling, such as joking reservation before breaking unpleasant news. Conciseness is essential for effective communication, both verbally and in writing. In essence, your words become stronger the less you use of them.
Filler words can be found in writing as well, although they serve different functions. Writers usually utilize filler words in their writing when they are at a loss for more precise or creative alternatives. Other times, they happen by mistake while the writer tries to clarify a challenging concept.
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the relationship of a real estate broker to the owner of property listed for sale with the broker is a
Answers
The relationship of a real estate broker to the owner of a property listed for sale with the broker is a fiduciary relationship.
In this type of relationship, the broker, as a fiduciary, is legally obligated to act in the best interest of the property owner, also known as the principal. The broker's primary responsibilities include marketing the property effectively, providing professional advice on pricing, negotiating the best possible terms for the sale, and ensuring that all necessary paperwork is completed accurately and on time.
The fiduciary relationship between a broker and a property owner is established through a written agreement, typically called a listing agreement. This agreement outlines the broker's duties, responsibilities, and compensation. In most cases, the broker earns a commission as a percentage of the sale price once the property is successfully sold. The broker is also responsible for maintaining confidentiality, disclosing material facts about the property, and providing complete and honest information to the owner.
In summary, the relationship between a real estate broker and the owner of a property listed for sale is a fiduciary one, which obligates the broker to act in the best interest of the owner, providing professional expertise, and maintaining confidentiality throughout the process.
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Jackson is preparing for his hearing before the Federal Communications Commission (FCC) involving a complaint that was filed against him by the FCC regarding the interruption of radio frequency. The order to "cease and desist" using the radio frequency has had a detrimental impact on his business.
The Federal court, through stare decisis, will look to precedent in ruling on Jackson's case.
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
No, the court will start with a clean slate in reaching a decision regarding Jackson's case.
Answers
Answer:
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
Explanation:
The court has scheduled hearing which Jackson has to attend. In this case the court will look into details of the matter and then find out the decision. If there are some difficulties in concluding the case then references will be taken from previous cases whose decisions has been decided.
Answer:
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
Explanation:
I did the assignment in edge 2021.
What does customer retention rate mean?.
Answers
The percentage of current customers that continue to be clients after one given time is known as the customer retention rate.
What does retention mean in business?If a business or product does have a high customer retention rate, it means that customers keep utilizing and repurchasing that product or service. Low customer retention refers to the rate at which consumers discontinue utilizing or purchasing a company's goods or services.
What is retention with example?maintaining this or someone's existence, usage, or possession: The preservation of the unpopular tax has been defended by two powerful senators. The firm's expansion has been hampered by the retention of obsolete technologies. heat and water retention.
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Which one of the following statements best represents McDonald's approach to global business?
a. One brand cannot be all things to all people
b. Extensive use of outside trainers
c. Using alternative technologies to make French fries
d. Use of primarily manual information systems
Answers
Out of the given options, the statement that best represents McDonald's approach to global business is "One brand cannot be all things to all people."
McDonald's is one of the largest and most successful fast-food chains in the world. It has a presence in more than 100 countries, serving millions of customers every day. Despite its global success, McDonald's recognizes that cultural differences and local tastes vary widely, and hence one brand cannot be all things to all people. McDonald's caters to the local tastes and preferences of customers in different regions by adapting its menu and marketing strategies.For instance, McDonald's offers Halal meat in Muslim-majority countries, while it provides pork-based products in non-Muslim countries. In India, McDonald's has a separate vegetarian menu due to the significant vegetarian population. Similarly, McDonald's offers a different menu in Japan, which includes rice-based dishes and fish burgers.McDonald's approach to global business is to maintain consistency in its core brand identity while adapting to local markets' specific needs. This approach has helped McDonald's to establish itself as a global brand while providing customers with a sense of familiarity and local relevance.In conclusion, McDonald's approach to global business is to recognize that one brand cannot be all things to all people. Instead, it adapts to local markets' specific needs while maintaining consistency in its core brand identity.
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As a financial responsibility, the sponsoring broker must keep a journal
for each seller client.
that is filled out once per year.
that is in the back of the employee manual.
for each escrow account.
Answers
How can you create an effective climate when discussing matters
of importance with coworkers, clients, vendors, superiors, and
employees.?
What factors should be considered when creating that
climate?
Answers
To create an effective climate when discussing matters of importance with coworkers, clients, vendors, superiors, and employees, it's important to maintain a positive and respectful attitude, listen actively, and be clear and concise in communication.
Some factors to consider when creating such a climate include the purpose of the discussion, the relationship between the parties involved, the timing and location of the discussion, and the tone and language used.
It's also important to consider the cultural and individual differences of those involved and be willing to adjust one's communication style accordingly.
Ultimately, creating an effective climate requires a willingness to be open-minded, empathetic, and collaborative in approach.
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A sovereign state whose citizens or subjects are relatively homogeneous in factors such as language or common descent (ex. Japan)
Answers
The term "nation-state" refers to a sovereign state whose population or subjects are comparatively homogeneous in terms of things like language or common ancestry.
What do you call a nation-state with a fairly homogeneous population?An independent nation whose inhabitants are a fairly homogeneous lot who experience a sense of national identity.A nation-state is an independent state whose populace or subjects share a common culture. They are of similar linguistic origin, ancestry, and historical background. uniqueness of the self. The idea of who you are that you come to have as your life goes on.The term "nation-state" refers to a sovereign state whose population or subjects are comparatively homogeneous in terms of things like language or common ancestry.A nation-state is an independent state whose populace or subjects share a common culture. They are of similar linguistic origin, ancestry, and historical background.To learn more about homogeneous population refer to:
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Comparing Debt and Equity Financing
Raising capital by selling bonds is called debt financing, whereas, raising capital by selling stock is called equity financing. Read the following scenario and answer the question.
Living Well, Inc. has decided to expand its operations to owning and operating long-term health care facilities. The following conversation occurred between the chief executive officer, Ron Smithson, and the vice president of finance, Murphy Lee.
Ron: Murphy, have you given any thought to how we’re going to finance the acquisition of St. Sharon’s Health Care?
Murphy: Well, we have two basic options, we either sell stock or sell bonds. The current equity market is a little soft and rumor is that the Federal Reserve Bank may increase the interest rate later this month or next.
Ron: Yes, I’ve heard that too. The problem is, we don’t have time to wait, especially on a rumor. We need to make a decision by the end of this week if we want to be in position to complete the acquisition under the current terms.
Murphy: The bond market is strong right now as investors are looking for a secure cash flow with minimal risk. I think our best choice is to issue bonds.
Ron: I have to agree and St. Sharon’s financial statements show it can take on debt. The only thing that is worrisome is the cash flow issues from delayed insurance and government reimbursement. But, that is the nature of the industry, isn’t it?
Part I:
Write about the advantages and disadvantages of issuing stocks verses bonds. Use business writing, provide examples, and include visuals to be clear in your explanation.
Answers
The advantages and disadvantages of issuing stocks versus bonds
Advantages of issuing stocks
Increased ownership: When a company issues stocks, it sells a portion of itself to investors. This can give the company access to a wider pool of capital and help to increase its ownership base.
Potential for higher returns:Stocks have the potential to generate higher returns than bonds over the long term. This is because stocks are more volatile than bonds, and their prices can go up as well as down.
No fixed repayment schedule:Unlike bonds, stocks do not have a fixed repayment schedule. This means that the company does not have to worry about making regular interest payments or repaying the principal on the debt.
Disadvantages of issuing stocks
Dilution of ownership: When a company issues stocks, it dilutes the ownership of existing shareholders. This means that each shareholder will own a smaller percentage of the company after the new shares are issued.
Loss of control: If a company issues too many shares, it could lose control of its own operations. This is because the new shareholders could elect new directors to the board of directors and change the company's strategic direction.
Volatility:The price of stocks can be very volatile, which means that the company's value could fluctuate significantly. This could make it difficult for the company to raise capital in the future.
Advantages of issuing bonds
Fixed repayment schedule: Bonds have a fixed repayment schedule, which means that the company knows exactly when it has to make interest payments and repay the principal. This can make it easier for the company to budget for its future cash flows.
Lower risk:Bonds are considered to be a lower-risk investment than stocks, which means that they typically offer lower returns. However, this lower risk can be attractive to some investors.
No dilution of ownership: When a company issues bonds, it does not dilute the ownership of existing shareholders. This means that each shareholder will own the same percentage of the company after the new bonds are issued.
Disadvantages of issuing bonds
Fixed interest payments: Bonds typically have fixed interest payments, which means that the company has to make these payments even if it is not profitable. This can put a strain on the company's cash flow if it is not generating enough income.
Higher cost:The cost of issuing bonds is typically higher than the cost of issuing stocks. This is because bonds are considered to be a lower-risk investment, and investors demand a higher return for taking on this lower risk.
Restrictive covenants: Bonds often have restrictive covenants, which are terms that limit the company's ability to take certain actions. These covenants can be difficult to comply with, and they can make it difficult for the company to grow.
Conclusion
The decision of whether to issue stocks or bonds is a complex one, and there is no single answer that is right for every company. The best decision will depend on the specific circumstances of the company and its investors. However, by understanding the advantages and disadvantages of each type of financing, companies can make an informed decision that is in their best interests.
Here are some visuals that can be used to illustrate the advantages and disadvantages of issuing stocks versus bonds:
A pie chart showing the percentage of companies that have issued stocks versus bonds in the past year.
A line graph showing the stock market performance over the past year, compared to the performance of the bond market.
A table showing the interest rates on different types of bonds.
These visuals can help to illustrate the different risks and rewards associated with each type of financing, and they can help companies to make an informed decision about which type of financing is right for them.
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Financial ratios can reveal a lot about a company's liquidity, activity, and profitability. question content area bottom part 1 true false
Answers
Financial ratios can reveal a lot about a company's liquidity, activity, and profitability. This statement is True.
A Financial ratios or accounting ratio is a relative importance of decided on numerical values taken from an enterprise's economic statements. Often utilized in accounting, there are many popular ratios used to try to evaluate the overall financial situation of a enterprise or different enterprise.
What's the best Financial ratios?
A working capital ratio of 2 or higher can suggest wholesome liquidity and the capability to pay quick-time period liabilities.
What are Financial ratios in enterprise?
A financial ratios is a measure of the relationship between two or more additives at the organization's economic statements. Those ratios provide you with a quick and straightforward manner to song performance, benchmark in opposition to the ones within an enterprise, spot hassle and proactively put answers in location.
Why are Financial ratios important?
Financial ratios provide entrepreneurs a way to evaluate their enterprise's overall performance and compare it different comparable agencies of their enterprise. Ratios degree the relationship between or extra additives of monetary statements. they may be used maximum efficiently whilst consequences over several periods are compared.
How do you improve Financial ratios?
To improve your Financial ratios associated with liquidity, you must take a number of steps: analyze your brief term liabilities to make sure that the debt you are incurring is justified. In case you don't want to incur an cost, don't. display your inventory stage and determine whether or not or now not it's being managed correctly.
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which wheel settings change when you mount the subframe incorrectly in the transverse direction? Check all that apply
TOE
CAMBER
STEERING AXIS INCLINATION (SAI)
CASTER
Answers
The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)
What is Caster?Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.
The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.
Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.
Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.
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How did women's roles change during and after World War II?
Answers
During World War II, women's roles changed dramatically as they entered jobs traditionally held by men. Women started working in factories, becoming welders, mechanics and even airplane pilots.
They also joined the military and took on the roles of nurses and support staff. After the war, women continued to take on these new roles and also began to enter the workforce in greater numbers. Women's roles changed drastically as they began to become more independent and gain more responsibility in the workplace. This role shift created a new wave of female empowerment and laid the groundwork for the feminist movement of the 1960s and 1970s.
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g a company currently has net income of $13,750 with a net profit margin of 5.5%, gross profit margin of 40% and operating expenses of $50,000. what is the ebit margin for this company
Answers
However, the net sales information is not provided in the question. Therefore, we cannot calculate the EBIT margin without the net sales figure.
To find the EBIT (Earnings Before Interest and Taxes) margin for the company, we need to calculate the EBIT first.
EBIT can be calculated by subtracting the operating expenses from the gross profit. In this case, the operating expenses are given as $50,000, and the gross profit margin is given as 40%.
First, we calculate the gross profit by multiplying the net income by the gross profit margin:
Gross Profit = Net Income Gross Profit Margin = $13,750 0.40 = $34,375
Next, we calculate the EBIT by subtracting the operating expenses from the gross profit:
EBIT = Gross Profit
Operating Expenses = $34,375 - $50,000
-$15,625
Now that we have the EBIT, we can calculate the EBIT margin. The EBIT margin is the EBIT divided by the net sales, expressed as a percentage. However, the net sales information is not provided in the question. Therefore, we cannot calculate the EBIT margin without the net sales figure.
We cannot determine the EBIT margin for this company without the net sales information.
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An innovative business idea that no one has never had
Answers
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
In which step of the sales process would a customer decide to purchase a product?
Answers
Out of seven steps of selling process, at first step called prospectus, the customer are selected to buy the product.
7 steps for selling1.Prospecting
2.Preparation or in advance
3.Approach
4.Presentation
5.Managing dissent
6.Closing
7.Follow-up
1. Prospecting
Discovering and screening potential customers is known as prospecting. At this point, you assess whether your potential client has a specific need or desire that your company can meet. Research to find your ideal customer is frequently required at this step of the sales process. You can begin constructing a list of leads or prospective customers. You may qualify them by asking them things like if they own a business or a home or if the price of the product aligns with their average monthly income or profits. Your buying pool is reduced as a result.
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Personal selling can be done either orally or in written form.
False
True
Answers
Answer:
The given statement is True.
Explanation:
A person-to-person marketing method, whereby salespeople utilize their communication skills to convince a client should purchase a certain commodity, is termed as Personal selling.Instead, it allows people to understand their likes, their routines, their perspectives as well as their emotions.Thus the above is the right answer.
so, Sanford factory would be the _________________ staff and Sanford Ops TPMs would be the ________________ via the planners
Answers
so, Sanford factory would be the production staff and Sanford Ops TPMs would be the manufacturing staff via the planners. Based on the information given in the question, it seems that the Sanford factory and Sanford Ops TPMs are both involved in the planning process. However, their specific roles may differ.
The term that would best describe the staff at the Sanford factory would likely be "production staff" or "manufacturing staff." These individuals are likely responsible for overseeing the actual production of goods at the factory, including managing machinery, overseeing assembly lines, and ensuring that products meet quality standards.
On the other hand, the Sanford Ops TPMs (which stands for "Total Productive Maintenance") would likely be considered part of the planning staff. TPMs are responsible for developing and implementing strategies to optimize equipment performance and reduce downtime, with the ultimate goal of improving overall efficiency and productivity. In this role, they would work closely with planners to identify potential issues, develop preventative maintenance plans, and continually improve processes to maximize output.
It's worth noting that there may be some overlap between these two groups. For example, production staff may also be involved in planning activities, such as identifying areas for improvement or suggesting changes to production processes. Similarly, TPMs may also be involved in the actual implementation of maintenance plans or other initiatives. Ultimately, the specific roles of each group may vary depending on the needs and goals of the organization.
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State the purpose of assets
Answers
Answer:
Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses or improve sales, regardless of whether it's manufacturing equipment or a patent.
Explanation:
Hope this helps!
T/F Mixed economies can evolve when societies with different kinds of economies interact
Answers
Mixed economies can evolve when societies with different kinds of economies interact. This statement is true.
A mixed economic system is one that incorporates elements of both capitalism and socialism.
A mixed economic system protects private property and provides for some economic freedom in the use of capital, but it also permits governments to intervene in economic activities to achieve social goals.
According to neoclassical theory, mixed economies are less efficient than pure free markets, but supporters of government intervention claim that the fundamental prerequisites for efficiency in free markets, such as equal knowledge and rational market players, cannot be met in practice.
Most modern economies are a hybrid of two or more economic systems, with economies falling somewhere along a spectrum.
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If a store has a “buy one, get one free” sale and an item costs $10, what is the marginal cost of the second item?
A) $7.50
B) $10
C) $5
D) $15
E) $0
Answers
If a store has a “buy one, get one free” sale and an item costs $10, then the marginal cost of the second item would be option E). 0.
What is marginal cost?The marginal cost helps to determine the additional cost that a company has to incur while producing one extra unit. In the case of buy one get one free item the final price tend to include the cost of both products.
Therefore, the marginal cost of the second product would be zero as the producer does not have to bear any additional cost as the product is free.
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It is okay to wear disposable gloves if: You wash hands first and discard gloves between tasks You dispose of the gloves often while preparing foods The handwashing sink is broken or missing soap Your hands are dirty and you are too busy to wash them
Answers
Identify and give examples of each of the three basic manufacturing cost categories.
Answers
Three basic manufacturing cost categories
Direct Material - eg: raw material for the productionDirect labour - eg: factory Labours wagesOverhead - eg: rent of officeManufacturing is the creation or production of goods using equipment, labor, machines, tools, and processing or chemical or biological formulations.
This is the nature of the secondary sector of the economy. The term can refer to a wide range of human activities, from craftsmanship to high technology, but it most commonly applies to industrial design, where raw materials from the primary sector are transformed into finished products on a large scale.
These goods may be sold to other manufacturers to produce other more complex products (such as airplanes, home appliances, furniture, sports equipment, or automobiles) or distributed through the tertiary sector to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then resell to individual customers).
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Why do some auto insurance customers want medical coverage for their
policies?
A. To help find the best hospital to care for people they injured in a
car accident
B. To keep from having to make a co-pay in case of a minor injury
after an accident
C. To avoid having to pay for hospital bills resulting from an accident
they cause
D. To prevent uninsured motorists from suing them for injuries they
cause
Answers
9514 1404 393
Answer:
C. To avoid having to pay for hospital bills resulting from an accident they cause
Explanation:
The purpose of any sort of insurance is to limit or eliminate the policy-holder's liability. Medical insurance in an auto policy pays for medical bills the policy-holder might otherwise be liable for as a consequence of an auto accident.
Is there anyway to make money as a teen (Online), I am 14.
Answers
20 points on how globalization is good for the triple bottom line
Answers
Answer:
t common questions I get as the founder and CEO is: Can a start-up delight customers, provide a great work culture, and see exceptional growth metrics? The answer is yes, you absolutely can.
I know this because at Globalization Partners we’ve done it—and part of our mission is to pass that know-how on to our customers. When I founded this company, my goal was to build a high-growth business that would enable anyone to hire employees anywhere, without the red tape traditionally associated with global expansion. But I also wanted to build a company people love— customers, business partners, and employees. Fast forward a few years and I’m happy to report we’ve had rocket-ship growth numbers, 96% of our customers say that they are “very satisfied” or “satisfied” with our services, but perhaps what makes me most proud is we’re also able to regularly win awards for our company culture. We haven’t had to make a trade off, and neither should you.
The secret to balancing this success is what I call the Triple Bottom Line: prioritizing happy customers, happy employees, and happy shareholders.
While a Triple Bottom Line may sound like an obvious formula for growth, it might also feel unrealistic. Its anathema to the typical blitz scaling mantra right now, which is “growth at all costs.” But the reality is, companies who focus only on growth end up underpaying people and treating customers so poorly that growth is ultimately unsustainable.
I wasn’t sure if the Triple Bottom Line would be achievable when I set out to build my business, but I knew I didn’t want to be in business any other way. Now, Globalization Partners is proof that the Triple Bottom Line is an exceptionally good strategy for growth.
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