Retirement "improves reported health, mental health, and life happiness," according to a study by the National Bureau of Economic Research.
Nevertheless, the age at which you retire affects the quality of your retirement. Your financial situation will be affected by when you retire. Decide when it makes the most sense for you to retire based on your financial circumstances so that you may live comfortably in retirement.
Many people believe that retiring in your upper 60s is the ideal age because you're still youthful enough to enjoy your years of employment-free living and old enough to have amassed a sizeable financial cushion.
If you're relatively well and anticipate living an average or longer retirement than the usual person, the fact that you'll receive your full Social Security benefit at age 66 to 67 can have a significant impact.
It could be wiser to act sooner rather than later if you have ambitions to change careers or launch your own company.
To know more about retirement:
https://brainly.com/question/15163941
#SPJ4
an employer may present two kinds of evidence as a defense in a discrimination case. one defense is to show that there was a nondiscriminatory reason for the adverse action against an employee or applicant. what does an employer need to do to ensure they are able to provide this evidence? group of answer choices show that they meant well and attempted to act in good faith keep detailed records related to all employment decisions interview everyone involved and get them to agree to testify on their behalf maintain a high degree of confidentiality to protect employees and applicants
In addition to delineating the distinctions between unequal impact and disparate treatment, this article defines adverse impact.
In addition to delineating the distinctions between unequal impact and disparate treatment, this article defines adverse impact.
How is prejudice in the workplace defended?[2] A defence to a charge of disparate impact under Title VII of the Civil Rights Act of 1964, which forbids employment discrimination based on race, colour, religion, sex, or national origin, is "business necessity."
How can discrimination be proven?The easiest approach to demonstrate that you were subject to discrimination is with direct proof. Managers' or supervisors' direct references to the discriminatory action against you as a result of your protected class status are considered direct evidence of discrimination.
To know more about treatment visit:
https://brainly.com/question/30369038
#SPJ1
which sales promotion tool is most likely to motivate (or inspire) customer loyalty?
Patronage awards sales promotion tool is most likely to motivate (or inspire) customer loyalty. Patronage rewards are prizes offered by businesses to advertise and promote the purchase of their goods.
Patronage rewards encourage repeat business from customers by aiming to keep them interested in and connected to the brand. The loyalty programme is a long-term marketing purchase used to establish and uphold successful bonds with the company's most desirable and carefully chosen customers. Political patronage is when a person is hired or appointed to a position in the government on the basis of their partisan allegiance.
To learn more about Patronage awards, click here.
https://brainly.com/question/2912060
#SPJ4
at the beginning of the year, gerta company's allowance account has a credit balance of $10,000. this may indicate that the
Gerta Company has credit balance in their allowance account because they have estimated that portion of the accounts receivable may not be collected. This is known as allowance for bad debt allowance.
What is bad debt?Bad debt refers to money that a borrower has borrowed but cannot repay, either because they don't have the funds or because they refuse to pay. It is typically associated with loans, credit cards, or other forms of credit that a lender has extended to an individual or company. Bad debt is considered to be a problem for lenders because it can lead to financial losses, reduce profitability, and negatively impact their creditworthiness. For borrowers, bad debt can damage their credit score, make it difficult to secure future loans or credit, and potentially result in legal action. Lenders often try to minimize bad debt by carefully evaluating a borrower's creditworthiness before extending credit and by establishing systems to monitor payments and follow up on delinquent accounts.
To learn more about bad debt, visit:
https://brainly.com/question/15315644
#SPJ1
when managers are building group dynamics, they are also often
Each individual member of a group working toward a common objective will perform well and meet the objectives set by the group when there is a positive dynamic present.
Ineffective group dynamics can have a detrimental impact on performance, which can harm the project or collective purpose.
A favorable work dynamic is influenced by a variety of factors. The four fundamental ideas listed below will help you understand group dynamics as well as how to establish and maintain a positive attitude in any group.
1. A group's strong leadership is crucial
2. Understand the impact of personalities on team dynamics
3. Recognize the progression of a group's life.
4. Communication is essential.
Learn more about dynamic here:
https://brainly.com/question/29451368
#SPJ4
Beginning inventory plus the cost of goods purchased equals?A. cost of goods soldB. cost of goods available for saleC. net purchasesD. total goods purchased
B. The cost of the items that are available for sale is equal to the beginning inventory plus the cost of the goods that were purchased.
What is the beginning inventory formula?Starting inventory equals sales (COGS) plus ending inventory minus purchases (inventory added to stock). Sales (COGS) is the cost of goods sold, ending inventory is the inventory value at the conclusion of the accounting period, and purchases are the total amount of inventory added to stock during the accounting period.
What is the net sales formula?Returns, allowances, and discounts can be subtracted from the total sales figure to determine net sales. Net Sales are calculated as follows: Total Sales - Refunds, Allowances, and Discounts.
To know more about Beginning inventory visit:
https://brainly.com/question/30270658
#SPJ1
President Johnson thought it was possible to spend more resources in Vietnam without giving up consumer goods at home. President Johnson must have believed that the
A)American economy was operating at top efficiency.
B)American economy was operating at a point inside its PPC.
C)American economy was operating at a point on its PPC.
D)American economy was operating at a point outside its PPC.
E)PPC would shift in as the war progressed.
The answer is B) the American economy was operating at a point inside its PPC.
PPC stands for the production possibility curve, which represents the maximum possible output of two goods that an economy can produce with its limited resources and technology. Points on the curve represent efficient and optimal use of resources, while points inside the curve represent underutilization of resources and points outside the curve represent unattainable levels of production
President Johnson's belief that it was possible to spend more resources in Vietnam without giving up consumer goods at home suggests that he believed the American economy was operating at a point inside its PPC. In other words, the economy had some idle resources that could be used to fund the war effort without sacrificing the production of consumer goods. However, this assumption proved to be incorrect as the resources required for the war effort eventually led to inflation and other economic problems.
Know more about PPC - https://brainly.com/question/15238948
#SPJ4
Which characteristic that is associated with advertising creates situations where marketers do not get a second chance to make an impression on recipients?
a. The fact that advertising is paid
b. The fact that advertising is impersonal
c. The fact that advertising is targeted d. all of the above
Advertising is the practice and ways used to draw attention to a product or service. It's option D, all of the below.
Advertising is a set of ways and practices used to intimately advertise a product, service, opinion or beget in order to induce a specific response from the public to what's being announced.
Advertising includes any exertion that involves the oral or visual donation of an expressly patronized and linked communication regarding a product, service, or idea to anon-personal group. The communication, appertained to as an announcement, is delivered through one or further mediums and is paid for by an appointed guarantor.
Fundamentals of Advertising:
Paid form Impersonal donationvend or promote ideas, goods and servicesguarantor linkedInform and convertTo know more about Advertising,
brainly.com/question/29721182
#SPJ4
how did new consumer practices and leisure activites of the industrial age reshape americans gender, class and race relationships
Industrialization is a time of social and profitable change, transubstantiating humanity from an agricultural society to an artificial society.
Industrialization has created a definitive middle and working class. The new areas of pleasure were classified according to whether one was black or white, manly or womanish, rich or poor.
Industrialization is the process by which the frugality evolves from primarily agrarian product to mass product and technologically advanced goods and services. This phase is characterized by exponential hops in productivity, shifts from pastoral to civic work, and advanced living norms.
Industrialization contributes to negative externalities similar as pollution. The separation of capital and labor creates income inequality between workers and those who control capital coffers.
To know more about Industrialization,
brainly.com/question/13297091
#SPJ4
the rate for a riskless security that is exposed to changes in inflation is called
Real rate of safety is the rate that applies to a risk-free investment that is affected by changes in inflation.
Real interest rates and expected inflation rates are added to get a nominal interest rate. A real interest rate determines the actual return on a loan (to the lender) and on a bond (to the investor). Interest rate risk is the risk to capital or earnings brought on by fluctuations in interest rates.
The economic point of view focuses on the bank's value in the current environment of interest rates and how susceptible that value is to changes in interest rates. The nominal risk-free rate is the return on a risk-free asset calculated without taking inflation into account.
Learn more about inflation Visit:
brainly.com/question/2611731
#SPJ4
Explain the present value concept by completing the following sentence:
A person can use the present value concept to calculate how much money he has to invest (today, tomorrow) in order to have a specific sum of money in the (present, future).
A person can use the present value concept to calculate how much money they need to invest today in order to have a specific sum of money in the future.
The present value is the current value of a future sum of money, taking into account the time value of money and the potential earning power of that money if it were invested.
The present value concept assumes that money has a time value, meaning that the value of money changes over time due to factors such as inflation and the potential for investment returns. Therefore, money that will be received in the future is worth less than the same amount of money received today.
To calculate the present value, a person must know the future sum of money they want to receive, the time period in which they want to receive it, and the expected rate of return on their investment. By discounting the future sum of money back to its present value, using an appropriate discount rate, a person can determine how much money they need to invest today to reach their future financial goal.
To learn more about present value
https://brainly.com/question/17322936
#SPJ4
If a firm takes steps that increase its expected future ROE (return on equity), its stock price will _____ increase.a) never.b) not necessarily.c) always.
A company's stock price will "always" rise if it takes actions that raise its anticipated future ROE (return on equity).
Explain about the return on equity?The ratio of a company's net revenue to the equity of its shareholders is known as return on equity (ROE).
A company's profitability and the effectiveness of its revenue generation are measured by its return on equity (ROE). A corporation is better at turning its equity financing towards profits the higher the ROE. The RoE reveals how much money the company makes for every rupee it has in equity. For instance, a company with only a RoE of 10% would make a profit of Rs. 10 for every Rs. 100 it had in equity. RoE is a gauge of a company's profitability.For the stated question:
An increase throughout future ROE indicates that the company is effectively using the capital of its shareholders to make a profit. This will improve the company's reputation in the marketplace, attracting new investors who will raise the stock price.Thus, a company's stock price will "always" rise if it takes actions that raise its anticipated future ROE (return on equity).
To know more about the return on equity, here
https://brainly.com/question/11468206
#SPJ1
recently, job m759 was completed. it required 60 machine-hours. the amount of overhead applied to job m759 is closest to:
Beat Company utilizes a job-order costing system with a single, predetermined plant-wide overhead rate based on machine hours. The amount of overhead applied to the Job M759 is hence closest to 750.
What is called overhead rate?The overhead rate is the proportion of a company's indirect costs, such as rent and other administrative expenses, to its direct costs, sales, or other inputs, such as machine hours. It demonstrates to owners and managers of companies how much more expensive indirect costs are than, for example, direct manufacturing costs or gross sales.
A few examples of overhead expenses are rent and utilities, business permits, accounting fees, advertising charges, and payroll. Costs that are fixed cost, variable, or semi-variable are the three different categories of overhead. An overhead percentage of no more than 35% of total revenue is thought to be favorable in a well-performing company.
Given:
POHR=MOH/allocation base
Applied= POHR × actual hours
344,000+(3.9×40,000)/40,000=12.5
12.5×60=750
To learn more about overhead rate, visit:
https://brainly.com/question/14903287
#SPJ1
The complete question is:
Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Total machine-hours 40,000Total fixed manufacturing overhead cost $ 344,000Variable manufacturing overhead per machine-hour $ 3.90
Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to: (Round your intermediate calculations to 2 decimal places.)
the economic context of early state formation during the middle ages in europe was characterized by ________.
The economic context of early state formation during the Middle Ages in Europe was characterized by a combination of factors, including feudalism, agriculture, trade, money and urbanization.
Feudalism: Feudalism was a social and economic system that dominated medieval Europe. In this system, land was owned by lords, who granted land to vassals in exchange for military service and other obligations. The vassals, in turn, could grant land to sub-vassals, and so on. This system created a complex web of relationships that helped to maintain social order and stability.
Agriculture: Agriculture was the main economic activity in medieval Europe, and the vast majority of people were farmers. They produced crops such as wheat, barley, and oats, as well as raising livestock such as cows, pigs, and sheep. Agriculture was often carried out on manorial estates, where the lord provided land and protection in exchange for labor and a share of the crops.
Trade: Trade was limited in medieval Europe, as most goods were produced locally. However, there were some long-distance trade routes that connected Europe with Asia and Africa, and some cities such as Venice and Genoa became important trading centers.
Money: The use of money was limited in medieval Europe, and most transactions were carried out through barter. However, as trade increased, the use of money became more common, and coins were minted by various rulers and cities.
Urbanization: Urbanization was limited in medieval Europe, as most people lived in rural areas. However, some cities such as Paris, London, and Rome grew in size and importance, and became centers of trade, culture, and politics.
Overall, the economic context of early state formation during the Middle Ages in Europe was characterized by a complex web of social and economic relationships, dominated by feudalism and agriculture, with limited trade and urbanization.
For more such questions on Economy
https://brainly.com/question/28210218
#SPJ4
Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20 percent (i.e., $20,000 of tax). Answer the questions below assuming that Congress increases the income tax rate such that Song's average tax rate increases from 20 percent to 25 percent.
What is the term that describes this type of reaction to a tax rate increase?
a. Endowment effect
b. Subtitution effect
c. Budget constrant
d. Price effect
e. Income effect
(d) Price effect is the term that describes this type of reaction to a tax rate increase.
When Congress increases the income tax rate such that Song's average tax rate increases from 20 percent to 25 percent, it means that Song will pay more taxes for the same level of income. As a result, the net income (i.e., after-tax income) that Song receives for each dollar of work done decreases. This change in the net income per dollar of work is known as the price effect, which is the term that describes this type of reaction to a tax rate increase.
The substitution effect refers to the tendency of individuals to switch to alternative goods or services that are less expensive when the price of a good or service increases. The budget constraint refers to the limitations on an individual's consumption choices due to the finite amount of money or resources available. The endowment effect refers to the tendency of individuals to overvalue items that they possess simply because they possess them. The income effect refers to the change in an individual's consumption patterns resulting from a change in their purchasing power.
To learn more about tax rate here:
https://brainly.com/question/26297550
#SPJ4
Question 10 help quick
jit or just in time allows inventory to arrive to replace inventory that is leaving the warehouse. t/f
False. "JIT" or "Just-In-Time" is a production strategy aimed at reducing waste and improving efficiency by producing and delivering products just in time to meet customer demand, rather than producing in advance and storing excess inventory.
What is JIT?JIT stands for "Just-In-Time," which is a production strategy that aims to reduce waste and improve efficiency by producing and delivering products just in time to meet customer demand, rather than producing in advance and storing excess inventory.
While JIT can help ensure that inventory levels are kept low, it does not necessarily involve replacing inventory that is leaving the warehouse with new inventory arriving at the same time. Instead, it focuses on producing goods only when they are needed, reducing inventory carrying costs and the risk of excess inventory becoming obsolete or unsellable.
Learn more about JIT at:
https://brainly.com/question/18805214
#SPJ1
what is 250 pounds in dollars?
If the current exchange rate is 1 pound to 1.39 US dollars, 250 pounds is equivalent to approximately 347.5 US dollars.
To convert 250 pounds to dollars, you need to know the current exchange rate between the British pound and the US dollar. Exchange rates fluctuate constantly, so it's essential to use the most up-to-date rate for an accurate conversion.
Assuming an exchange rate of 1 pound to 1.39 US dollars, we can use the following formula to convert 250 pounds to dollars:
250 pounds x 1.39 US dollars / 1 pound = 347.5 US dollars
It's essential to note that exchange rates are subject to fluctuations, and the actual amount may differ depending on the exchange rate at the time of conversion. Additionally, when converting large amounts of currency, it's crucial to consult with a financial professional to ensure that you get the most accurate and favorable exchange rate.
To learn more about conversion click on,
https://brainly.com/question/30765116
#SPJ4
Of the four pathways to opportunity identification, which one can uncover high-value opportunities because of the entrepreneur's focus on meeting an unmet need?
The pathway to opportunity identification that can uncover high-value opportunities because of the entrepreneur's focus on meeting an unmet need is the "need in the market" pathway.
The need in the market pathway involves identifying an unmet or underserved need in the market, and developing a product or service that meets that need in a unique or innovative way. This pathway is often characterized by a strong customer focus, and a deep understanding of the customer's needs, preferences, and behaviors.
Entrepreneurs who follow the need in the market pathway are often able to uncover high-value opportunities by leveraging their insights into customer needs and preferences, and developing products or services that meet those needs in a unique or innovative way.
This can lead to a competitive advantage in the marketplace, and can help entrepreneurs to build a strong and sustainable business.
Overall, the need in the market pathway is a powerful tool for opportunity identification, and can help entrepreneurs to uncover high-value opportunities by focusing on meeting unmet needs and developing innovative solutions that meet those needs in a unique and compelling way.
To learn more about entrepreneur's click on,
https://brainly.com/question/29642759
#SPJ4
Involves quality control, purchasing, and inventory managementA. Operations
B. Financial Analysis
C. Marketing
D. Strategic Management
Operations involve quality control, purchasing, and inventory management. The correct option is A.
What is the main role of operations management?Operations management is responsible for an organization's entire operating system. Operations management is critical for organizations to manage their daily activities smoothly. Operations management oversees all processes and handles issues such as system design, operation, maintenance, and improvement.
The Operations Manager's primary responsibility is to implement the proper processes and practices throughout the organization. An Operations Manager's specific responsibilities include developing strategy, improving performance, procuring materials and resources, and ensuring compliance.
Thus, the ideal selection is option A.
Learn more about operations management here:
https://brainly.com/question/30415374
#SPJ1
Transcribed image text: Question 1 5 pts The Sarbanes-Oxley Act was enacted to reduce the number of unethical business decisions by requiring the accountability of publicly traded companies. True O False
False, The Sarbanes-Oxley Act was passed in order to decrease the number of unethical business actions, not to hold publicly traded businesses accountable.
In reaction to highly publicised corporate corruption crisis that occurred earlier in that decade, Congress created the Sarbanes-Oxley (SOX) Act in 2002. The act strengthened recordkeeping requirements and established stringent new standards for accountants, audits, and corporate executives. The measure increased the seriousness of the penalties for breaking securities rules. The Sarbanes-Oxley Act, sometimes known as the SOX Act, is a federal law in the United States that aims to safeguard investors by improving the calibre and veracity of business disclosures. Enron and WorldCom, two major accounting crises, served as inspiration for the legislation.
To learn more about Sarbanes-Oxley refer here:
https://brainly.com/question/28342793
#SPJ4
Explain about the distribution of dividends!
A firm can distribute money to its shareholders in the form of a dividend. In its most basic sense, the term "dividend" refers to a portion of profits that is distributed to stockholders, whether at a fixed rate or otherwise.
A firm can distribute money to its shareholders in the form of a dividend. In its most basic sense, the term "dividend" refers to a portion of profits that is distributed to stockholders, whether at a fixed rate or otherwise. It refers to payments made to shareholders who are not receiving legitimate remuneration for their efforts, such as when they are shareholders who are also members of the company. The shares a member owns are the source of any rights they may have to receive a dividend from a firm.
Learn more about dividend here:
https://brainly.com/question/29510262
#SPJ4
when starting a small business, government agencies such as the small business administration (sba), the farmers home administration, the economic development authority, and the minority business development agency are possible sources of
Small Business Administration (SBA): The SBA provides funding, mentoring and other resources to small businesses. They also provide advice and loan programs to help small business owners to get started.
What is the business ?The business I'm referring to is a web design and development business. Our goal is to help companies create and maintain an effective online presence. We offer a wide range of services, including website design and development, website maintenance, domain name registration, hosting, e-commerce solutions, search engine optimization, and more. Our team of experienced professionals brings their expertise in design, development, and marketing to create custom solutions tailored to the specific needs of each of our clients.
Farmers Home Administration: This agency offers programs to help farmers and ranchers to start, expand, and upgrade their businesses.
Economic Development Authority: The EDA offers economic development funds to help businesses in areas of need, such as distressed communities, distressed businesses, and those owned by minorities.
Minority Business Development Agency: The MBDA was established to help minority businesses. They provide resources such as technical assistance, training, and access to capital.
To learn more about business
https://brainly.com/question/28025345
#SPJ1
new advertising guidelines requiring marketers to produce food in reasonably proportioned sizes is geared toward which social trend?
New advertising guidelines requiring marketers to produce food in reasonably proportioned sizes are geared toward health and wellness concerns and social trends.
What do you mean by Social Trend?Social trends are concepts and behaviors that civilizations deem significant. Broadly speaking, the goal of social trends is to build a more just and equitable society for all.
Progressive health and wellness consumers have a bigger impact on changing how food culture is defined: Progressive wellness consumers may represent a small fraction of the population overall, but their impact on food culture is disproportionate. The path is being set by forward-thinking wellness consumers who are eager to impart their excitement and expertise to mainstream customers.
Therefore, health and wellness concerns are the correct answer.
Learn more about Social Trend, here;
https://brainly.com/question/28453034
#SPJ1
what led some businesses in the early twentieth century to accept unions rather than resist them?
Some businesses in the early twentieth century expected accepting unions would be an effective way to prevent strikes and other labor problems, and thus, did not resist them.
So-called "business unionism," the idea that unions must pursue immediate, material benefit for members inside the free-enterprise system, replaced experiments with political radicalism. The fundamental notion was to accept the capitalist political, economic, and wage system while securing marginal profits for its participants.
Some workers had genuine benefits as a result of the capitalist industrialization process, but there was a heavy human cost. According to most sources, in the late nineteenth and early twentieth century, American laborer's living standards increased dramatically. Yet, the profits were not uniformly dispersed.
To know more about business unions, refer:
https://brainly.com/question/11948510
#SPJ4
"the movement of products, money, information, and human talent around the world in ever larger quantities, at ever lower costs, and in ever less time." what is it?
globalization The cost of production is generally reduced through globalization. In turn, businesses are able to charge customers less for their products.
Increases in the level of life are largely influenced by the average cost of commodities. The range of products available to consumers has likewise increased. Firms gradually learn how to enhance their products and production as a result of globalization, and these experiences help to raise the quality of the labor force and increase business efficiency. Overall, Actually, the benefits of technological advancement and globalization are very similar. They both increase a country's output, increase productivity, increase the number of jobs they create, increase wages, and reduce the cost of goods, which are all benefits that are extremely similar.
Learn more about globalization here:
https://brainly.com/question/15283031
#SPJ4
customer service representatives who seek to solve problems for customers need to understand their
skill variety.
task significance.
task discretion.
autonomy.
task identity.
Customer service representatives who seek to solve problems for customers need to understand their task significance.
What is task significance?The JCM specifies that only when employees feel their work has a positive impact on others' well-being will they have a greater sense of meaning in their work. Task significance is the extent to which employees perceive their work as having a significant impact on others, either inside or outside of the organization.
The task's significance tells you how important it is to the organization. For instance, a receptionist's position has a reduced task relevance. To answer phones and sort mail, a temporary employee may be hired.
Learn more about task significance here:
https://brainly.com/question/30507935
#SPJ1
when markets become unstable, bureaucratic approaches to management become more effective because they are a source of stability. (T/F)
This statement is False. Bureaucratic approaches to management can be useful in ensuring consistency and efficiency of operations, but they are not inherently stable.
In times of instability, organizations may need to be flexible and open to change in order to survive. Bureaucratic approaches can be slow to adapt to changing market conditions and may not be able to keep up with the pace of change. Instead, organizations can benefit from more agile management approaches that are better suited to rapidly changing market conditions. These approaches may include an emphasis on experimentation, a focus on customer feedback, and accepting failure as part of the process.
To know more about Bureaucratic click here
https://brainly.com/question/14346682
#SPJ4
What is the stock market simple definition?
Answer:
Explanation:
The stock market, also known as the equity market, is a marketplace where publicly traded companies' stocks are bought and sold. It provides a platform for companies to raise capital by selling their stocks to investors, and for investors to buy and sell stocks in publicly traded companies with the aim of earning a return on their investment. The prices of stocks are determined by supply and demand in the market and are influenced by a variety of factors, such as a company's financial performance, industry trends, and global events. The stock market is an important component of the overall economy, as it plays a significant role in the allocation of capital and influences the direction of economic growth.
The internal audit activity should contribute to the organization’s governance process by evaluating the processes through which:
1. Ethics and values are promoted.
2. Effective organizational performance management and accountability are ensured.
3. Risk and control information is communicated.
4. Activities of the external and internal auditors and management are coordinated.
A. I only
B. IV only
C. II and III only
D. I, II, III, and IV
The board is informed by the internal audit activities that an organization-wide employee ethics program has been put in place.
By assessing the methods used to promote ethics and values, the internal audit activity should aid the organization's governance process. Accountability and effective organizational performance management are guaranteed. By applying a systematic, disciplined approach to review and enhance the efficacy of risk management, control, and governance systems, the internal audit activity aids a business in achieving its goals. Internal controls related to corporate governance, accounting, financial reporting, and general IT controls may be examined as part of these audits. Evaluation of the efficiency and efficacy of crucial business processes, such as supply chain management, may also be part of internal audits.
Learn more about internal audit here:
https://brainly.com/question/29979411
#SPJ4
You received a solicitation promising a .35% monthly APY on a savings account. What will your APY be at the end of 12 months? 7.80% 9.08% 10.50% 4.28%
The APY at the end of 12 months for the savings account offered in the solicitation is option (d) 4.28%
First, let's define what a solicitation is. A solicitation is an offer or proposal made by a person or business to sell a product or service. In this case, the solicitation is offering a savings account with a .35% monthly APY.
The monthly interest rate can be calculated using the following formula:
Monthly interest rate = ((1 + (APY/12))¹²) - 1
In this case, the APY is .35%. Plugging this into the formula, we get:
Monthly interest rate = ((1 + (.35%/12))¹²) - 1
= ((1 + .0029167)¹²) - 1
= (1.0029167¹²) - 1
= 0.0428 or 4.28%
Hence the right choice is option (d).
To know more about solicitation here.
https://brainly.com/question/29896718
#SPJ4