your friends, jim and joey (16) are twin brothers and just received a $1000 inheritance from a wealthy aunt. jim wants the two of them to put their money together and buy a 4-wheeler. joey says he wants to put his money in a savings account. jim comes to you to ask you to help persuade joey to buy the 4-wheeler. what is your best financial advice?

Answers

Answer 1

The best argument to persuade Joey to buy the 4-wheeler is to inform him that keeping the money in a savings account would cause that money to loose value overtime (due to interest rates). Therefore, to ensure the best use of the $1000, it is ideal to use that money rather than save it.


Related Questions

How do you think companies determine the price for their products?

Answers

Answer:

Companies typically know the gross profit margin they need to pay back their expenses and generate positive net income and cash flow. Once your company knows the cost of sales (cost of goods and services sold) of a particular product and the Gross Profit Margin Target it wants, it can easily employ a GPMT strategy.

Richard has recently finished college and is about to prepare for his exam to
become a certified public accountant. He wants to talk to other accountants
to learn how best to prepare for this exam. Which professional organization
would be most helpful for him to join?
O A. The American Association of Finance and Accounting
B. The Professional Association of Small Business Accountants
C. The Institute of Management Accountants
D. The Young CPA Network

Answers

Answer:

The Young CPA Network

Explanation:

just got it right

Discuss the likely drawback to a start up business of setting up and running as a franchise operation

Answers

Buying a franchise means entering into a formal agreement with your franchisor.
Franchise agreements dictate how you run the business, so there may be little room for creativity.
There are usually restrictions on where you operate, the products you sell and the suppliers you use.
Bad performances by other franchisees may affect your franchise's reputation.
Buying a franchise means ongoing sharing of profit with the franchisor.
Franchisors do not have to renew an agreement at the end of the franchise term.

What is a scenario in Excel 2016?

Answers

Answer:

In Excel, a scenario is a set of data inserted in the spreadsheet that is being used, which forms a variable that can be modified and, therefore, replaced in said spreadsheet together. Thus, for example, if cells A1: D4 contain data that is specific to an eventual particular situation that can occur in 3 different ways, there will be 3 scenarios containing data in that range of cells that can be modified, thus modifying the final results of spreadsheet.

Answer:

C. a set of input values that produce a result

Explanation: edg

The steps in the budgeting process are

Answers

Examine your financial resources

Determine and track your expenses

Set financial goals

Create a plan to get to those goals

Monitor your progress

What is a revenue!!!!!!?????

Answers

Explanation:

Fees earned from providing services and the amounts of merchandise sold. Examples of revenue accounts include: Sales, Service Revenues, Fees Earned, Interest Revenue, Interest Income. ... Revenue accounts are credited when services are performed/billed and therefore will usually have credit balances.

(1 point
3. The ICorp company markets a successful line of computer equipment. Recently, they have
begun to make a new type of smart phone. The public isn't enthusiastic about the new product,
and during the first year, it does poorly on the market. To combat this, ICorp launches a new
marketing campaign, running television and radio ads, purchasing billboard space, and even
integrating their product into an episode of a highly viewed TV show. ICorp's reaction is an
example of an)
A)availability heuristic
B) representative heuristic
C) escalation of commitment
D) behavioral directive

Answers

Answer:

C

Explanation:

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Answer:

C Escalation of commitment

Explanation:

This is where "It's going to work, eventually" comes into play. Usually happens with those who think their way is the only way.

The Food and Drug Administration sets standards for
O advertising.
O product labeling.
O the environment.
O traffic safety.

Answers

Answer:

B. Product Labeling

Explanation:

From quizlet

The Food and Drug Administration sets standards for  product labeling.

What is product labeling?

Product labeling is the details information of what a products entails and this is often writing on the product.

Product labeling is an important standards set by  Food and Drug Administration as this help the consumer to be know the following:

The product ingredientHow healthy or unhealthy the product are etc

Inconclusion the Food and Drug Administration sets standards for  product labeling.

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Zander is beginning to take college courses to prepare for a career in computer science, which is the study of using logic to create new and improved computer programs. He just finished a class that covered skills for using certain computer programs, but was not required for a degree. What did Zander take steps to improve by taking this class?

A. career definition and career requirements
B. career requirements and current status
C. current status and intermediate goals
D. intermediate goals and career definition

(20 points)

Answers

Answer: A career definition and career requirements

Explanation:

edge2020

Zander has taken steps to improve career definition and career requirements by taking this course.

How to choose the ideal career?

It is essential that the individual collects as much information as possible about the career from diverse sources, such as qualified professionals, books and institutional websites, increasing their knowledge of roles and responsibilities.

Therefore, when choosing a course in the intended career, Zander is trying to improve his career requirements.

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22. Akshay worked at a cafe while he was a college senior in Boston,
Massachusetts. After graduating in June, he moved back to his home in
California and started a full-time job in September. Which of the following
statements is true?

Answers

Answer: The answer is C

Explanation: I got this correct on a test

You are applying to a job after reading the listing on a job board website. The
listing requests that applicants email a copy of their resume to the company's
recruiter. What's the best way to send your resume?

Answers

Answer:

via e mail

the reason for this the company is requiring applicants email and a copy of their resume

in which Step of production process are materials manipulated

Answers

Answer:

tread count

Explanation:

different sizes

Congratulation! You just won $10 million in the lottery. But instead of squandering your newfound wealth on luxury goods and a life of ease, you've decided to stay in town and be a financial friend to your neighbors, who are hardworking but never seem to have enough money to fix up their homes or buy decent cars. The best way, you decide, is to start a bank that will make home and car loans at attractive rates. On the day that you open your doors, the reserve requirement set by the Federal Reserve System is 10 percent. What's the maximum amount of money you can lend to residents of the town? What if the Fed raises the reserve requirement to 12 percent? Then how much could you lend? In changing the reserve requirement from 10 percent to 12 percent, what's the Fed trying to do -- curb inflation or lessen the likelihood of recession? Explain how the Fed's action will contribute to this goal.

Answers

Answer:

Distinguish among different types of financial institutions.

Explanation:

how does the government pay for roads, schools, and emergency services?

Answers

Answer:

Taxes

Explanation:

The government pays for the roads, schools, and emergency services by collecting taxes.

What are taxes?

Taxes are obligatory contributions made by individuals or organizations by a government agency — whether local, regional, or national.

Tax revenue supports government services, including public works and services such as roads and schools, or programs such as Community Safety and Medicare.

The Internal Revenue Service (IRS) is responsible for collecting income taxes in the United States.

The cost of building and maintaining highways is received from general taxes such as income and sales taxes as it comes from fuel taxes or other "consumer fees" on drivers.

Thus,the government pays for the roads, schools, and emergency services by collecting taxes.

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The steps in the budgeting process are

Answers

Answer and Explanation:

The steps in the budgeting process are as follows

1. Budget preparation

2 Presentation and budget approval

3. Budget execuetion

4. Budget control

It involves these four steps in the budgeting process

The same would be considered and relevant too

If you were a business owner, which one would be more important to you (making money or being happy)?

Answers

Answer:

being happy

Explanation:

Answer:

being happy

Explanation:

Becuase if you just work to get money and your not happy gtthen your not doing it becuase you like it.

You are selling friendship bracelets online and you give very clear instructions to the ISP about how to post the listing and photos. The ISP
erroneously posts P. Navajo's pictures, at half price, and states that you give a certificate of authenticity. None of this was included in your
instructions. The posting goes viral and tweens and teens from all over the world order over 50 million bracelets in one day. You are liable.

Answers

Answer. false,

someone else answered it, same question on another brainly  

What modification options are available in Design view of a report? Check all that apply.
align fields
o change text color
change the header title
create a query from scratch
o rename the underlying table
change the background color

Answers

Answer:

A,B,C,F

Explanation:

Modification options are available in Design view of a report are -

a. Align fields

b. Change text color

c. Change the header title

e. Rename the underlying table

f. Change the background color

What is modification?

Modification is the action of modifying something.

What is a design?

Design is a plan or drawing produced to show the look and function or workings of a building, garment, or other object before it is made.

What is a report?

A report is a document that presents information in an organized format for a specific audience and purpose.

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Why is it important that the whole organization works toward the strategic plan? How do the departments affect each other in reaching their goals?

Answers

Answer:

Its important because if not it will flop and will most likely fail or go into debt, they effect eachother by trying ti be better than the other so a compétition tge whole time.

Explanation:

if this makes sense

I need help asapppppp!

Answers

B) Internet bank i think

Role playing involves the use of scripts and scenarios.

True
False

Answers

Not really some do some don’t I would say false
Sorry if wrong

Answer:

True.

Explanation:

Role playing or to act out or perform the part of a person or character, for example as a technique in training or psychotherapy. uses scripts and scenarios to play out the role you play

Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral

Answers

Answer:

deferral

Explanation:

Adjusting entries are when changes are made to already recorded journal entries.

Categories of adjusting entries :

accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.

Prepaid expenses are payments made for services yet to be delivered.

For example, paying for a year's worth of subscription on your streaming service

Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral

What is an index fund? Explain in your own words.

Answers

Answer:

An index fund is a mutual fund or exchange trade fund designed to follow certain present rules so that the fund can track a specified basket of underlying investments

Name the 6 Holland Codes:

Answers

Answer:

the original were "motoric, intellectual, esthetic, supportive, persuasive, and conforming" but then later changed to "Realistic (Doers), Investigative (Thinkers), Artistic (Creators), Social (Helpers), Enterprising (Persuaders), and Conventional (Organizers)"

Explanation:

Because I am smart^-^

Answer:

first it was motoric, intellectual, esthetic, supportive, persuasive, and conforming then they got changed to Realistic (Doers), Investigative (Thinkers), Artistic (Creators), Social (Helpers), Enterprising (Persuaders), and Conventional (Organizers)

Explanation:

If a sales promotion increases an organization's profits, it means it has fixed any problems with the marketing plan.

Answers

The correct answer to this open question is the following.

Although there are no options attached or further context, we can say the following.

If a sales promotion increases an organization's profits, it means it has fixed any problems with the marketing plan.

Not really, it only means that the sales promotion was effective up to the degree of the goals established in the plan. But this doesn't mean that it has solved all the problems with a marketing plan

The marketing plan is a more large and complete document that includes many different strategies, tactics, and action programs. The sales promotion is only one aspect or program of the marketing mix included in the plan.

why is healthcare accounting important?

Answers

Answer:

Nowhere is accounting more important in a medical practice than in revenue cycle management (RCM). ... Managing a medical office's payments received. Processing and tracking, which can often become complex. Determining patient eligibility for specific services.

Explanation:

Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.

Explain one reason why a business may use social media to promote

Answers

Answer:

Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers

Explanation:

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a
The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government a
Members of the Council of 500 were chosen

Answers

Answer:

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a city-state. The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government democracy. Members of the Council of 500 were chosen randomly.

Answer:

city-state ,democracy ,randomly

Explanation:

just took the test on edge

What do smart investors do before making an investment?

Answers

Research prices, objects, and their history of sales and the past revenue per sell and the inflation of their revenue.

There is not a deadline for the "T" part of the SMART goal-writing criteria.
2 points
True
False

Answers

True explanation is I know

Answer:

FALSE I know bc I just did it

Explanation:

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