To reduce bias in the selection process, companies can implement blind hiring practices such as removing identifying information from resumes, using skills-based assessments, and conducting blind interviews.
a. The total purchases of raw material for the first quarter are 264,000 pounds or 132,000 units, costing $1,848,000.
b. Budgeted payments for purchases of raw materials for January, February, and March are $580,800, $1,094,800, and $640,800, respectively. Total budgeted payments for the quarter are $2,316,400.
c. Purchase discounts appear in the cost of goods sold section of the income statement.
The given scenario involves the preparation of a purchases budget for the first quarter of 2011, based on the production plans of Campbell Manufacturing. The company aims to end each month with 25% of the following month's production needs in raw materials. Each unit requires 2 pounds of material, costing $7 per pound. Management pays for 40% of purchases in the month of purchase and receives a 10% discount. The remaining purchases are paid the following month with no discount. Based on these assumptions, the purchases budget for the first quarter in units, total, and dollars can be prepared. Additionally, the budgeted payments for each month and the purchase discounts would be reflected in the budgeted financial statements.
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If you were to open up a business, how many hours would you be open ?
A small manufacturing facility is being planned that will feed parts to three heavy manufacturing facilities. The locations of the current plants with their coordinates and volume requirements are given in the following table:
PLANT LOCATION COORDINATES (x, y) VOLUME
(PARTS PER YEAR)
Peoria 292, 309 4,050
Decatur 383, 466 6,100
Joliet 475, 179 2,850
Use the centroid method to determine the best location for this new facility. (Round your answers to 1 decimal place.)
Cx Cy
The best location for the new facility is approximately at (364.9, 376.9). To determine the best location for the new facility, we can use the centroid method, which involves calculating the center of gravity of the existing facilities based on their volume requirements.
The centroid represents the optimal location that minimizes the total transportation costs.
To calculate the centroid, we can use the following formula:
Cx = (Σ(Vi * Xi)) / ΣVi
Cy = (Σ(Vi * Yi)) / ΣVi
where Cx and Cy are the coordinates of the centroid, Vi is the volume requirement of facility i, and Xi and Yi are the coordinates of facility i.
Using the given data, we can calculate the centroid as follows:
Cx = ((4050 * 292) + (6100 * 383) + (2850 * 475)) / (4050 + 6100 + 2850) ≈ 364.9
Cy = ((4050 * 309) + (6100 * 466) + (2850 * 179)) / (4050 + 6100 + 2850) ≈ 376.9
Therefore, the best location for the new facility is approximately at (364.9, 376.9).
By locating the new facility at the centroid, we can minimize the total transportation costs, as each heavy manufacturing facility will be equidistant to the new facility. This can lead to reduced transportation time, cost, and energy usage. Additionally, the new facility can benefit from being located near the center of gravity of the existing facilities, potentially increasing the efficiency of supply chain operations.
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In video case study about using powerbi in rwanda, the production of what agricultural product benefited from greater transparency in the value chain between the 200,000 famers and 160 collection points for their product?.
Milk, A sustainable supply chain must include transparent production as a key component.
What is transparency in value chain?
Having a transparent supply chain means that businesses can tell internal and external stakeholders, including customers, where and how their products are made based on trustworthy data.
Visibility: Accurately recognizing and gathering information from every supply chain connection. Disclosure: Sharing the information with the appropriate level of detail, both internally and externally.
A sustainable supply chain must include transparent production as a key component. This requires entrepreneurs to be transparent about their product sourcing, detailing the precise processes taken in the supply chain to ensure that their items get at the doorstep of their customers.
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information that you have provided to an organization that has the right to share it with other organizations is called
information that you have provided to an organization that has the right to share it with other organizations is called Public information.
Any information that an agency discloses disseminates, or otherwise makes accessible to the public is referred to as "public information," regardless of its shape or format.
Public information is a public relations strategy that tries to build trust between parties by being completely transparent and honest when sharing information about a business with its target audience. which offered a fresh perspective on corporate and commercial communication strategies.
Public information officers, also known as public relations officers, work for government agencies and major corporations to enhance their public image in the media or to offer crucial information in times of emergency.
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difference betwee auditor and finance managys
Answer:
Image result for difference between auditor and finance manager
Auditor ensures that the businesses are saved from any fraud by highlighting any discrepancies undertaken in accounting methods whereas a Finance manager provide with accurate and detailed financial reports which are vital for the profitability of the business.
Explanation:
The purpose of ______ advertising is to build brand awareness and keep a brand name in front of consumers.
The purpose of Reminder advertising is to build brand awareness and keep a brand name in front of consumers.
What is reminder advertisememnt?Reminder advertising is a marketing strategy used by buisneses in order to encourage people to be aware of more products from trhe brand while also maintaining brand knowlegde.
With this type of advertisement , customers are encouraged and reminded to patronize products from a known brand.
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Assuming that pixar and disney are more valuable in an exclusive relationship, can that value be realized through a new contract?
Yes, the value of an exclusive relationship between Pixar and Disney can be realized through a new contract.
The new contract could include exclusive rights for Disney to produce and distribute all of Pixar's films, and a new profit-sharing agreement that is beneficial for both companies. Additionally, the contract could include a clause that allows for creative collaboration between the two companies, encouraging the utilization of each other's resources and capabilities.
Finally, the contract should include a long-term commitment that ensures the longevity of the exclusive relationship. By implementing such a contract, both Pixar and Disney would be able to leverage their strengths and increase the value of their exclusive relationship.
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Joji is a 37-year-old married business owner. He runs a dry cleaning service with three locations in Toledo, Ohio. His personal obligations are the home that he owns with his wife, who works for a large financial consulting firm; the healthcare of his family; and his commitment toward saving for his three children's college educations. Joji knows that two of his locations require a large infusion of cash to pay for new and expensive dry cleaning equipment. Although his wife's job provides the family with health insurance, it also places the family in a higher income tax bracket. Joji would certainly like to minimize his taxes. Which of the following forms of business ownership would you suggest for him?A. Joji should consider a limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship.
B. Joji should consider a sole proprietorship due to the fact that it pays its own taxes and it has limited liability.
C. Joji should consider a corporation because he can avoid the negative aspect of limited liability. Corporations are always taxed at a lower rate than individuals.
D. Joji should consider a sole proprietorship due to the fact that it has unlimited liability and it will protect the family's personal assets.
Answer:
a
Explanation:
For the situation given above where Joji wants to save his taxes, it would be advisable for him to consider incorporation of a limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship. Therefore, the option A holds true.
What is the significance of a limited liability company?A limited liability company can be referred to or considered as a company where the members who hold ownership share in the company have an advantage of protecting their personal liabilities in case of insolvency of the firm.
The members of the limited liability company are joint owners, and also hold the liability for the profits and losses of the firm in the regular functioning. Taxation for members is done in the capacity of a sole proprietor, if there is a single member in the company.
Therefore, the option A holds true and states regarding the significance of a limited liability company.
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A(n) _________ in current liabilities _________ net working capital, thereby _________ the risk of technical insolvency. (a) decrease; increases; increasing (b) increase; decreases; increasing (c) increase; increases; reducing (d) decrease; decreases; reducing
An increase in current liabilities decreases net working capital, thereby increases the risk of technical insolvency. Thus the option (B) is correct.
What is Working Capital?Working capital refers to the current assets minus current liability. It tells about company's day to day operation and indicates about financial capacity to pay its debt within a year.
Increase in the current liabilities implies that there is a decrease in working capital. Therefore, it implies that company has increased its debt which can result in the risk insolvency.
Thus the option (B) is correct.
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unscramble the message:
1 4M n07 s4D B|_|7 1 4M n07 h499y 317H3r. 1 4M D399R3$$3|)
Answer:
"I am not sad (b-word) I am not happy either. I am depressed"
Explanation:
Hope this helps?
Jamal has been the sales representative for the western region for ten years, calling on the same customers repeatedly. Other companies have brought in reps from their home countries, but Jamal finds his customers prefer to deal with him. Jamal demonstrates qualities associated with
Answer: Relationship marketing
Explanation:
Relationship marketing is a form of marketing whereby emphasis is placed on the satisfaction and retention of the customers and not really on sales transactions. In relationship marketing, the main goal of the organization is having a long term engagement with th customer.
Jamal has qualities that are associated with relationship marketing which is the reason why the customers like dealing more with him as their satisfaction and long term engagement is his priority.
what is 4/8 = ??????????????????????
Answer:
4/8 is equivalent to 1/2
Explanation:
Hope it helps a lot :]
Answer:
4 divided by eight? if this is the question then the answer is 1/2
Explanation:
let me know if that was what you were asking
given this new market demand function, the industry equilibrium price, in the very short run when firms cannot change their outputs, is p= , which results in each firm earning a profit of .
In the very short run, when firms cannot change their outputs, the industry equilibrium price is determined by the new market demand function. The equilibrium price is denoted as 'p=' and represents the price level at which the quantity demanded by consumers equals the quantity supplied by firms. At this equilibrium price, each firm in the industry earns a profit that can be calculated by subtracting the average total cost from the equilibrium price.
In the very short run, when firms are unable to adjust their outputs, the industry equilibrium price is determined by the new market demand function. This equilibrium price, denoted as 'p=', signifies the point where the quantity demanded by consumers matches the quantity supplied by firms. At this equilibrium price, firms earn a profit that can be calculated by subtracting the average total cost (ATC) from the equilibrium price. The profit per unit is equal to the difference between the equilibrium price and the ATC. By multiplying this profit per unit by the firm's output, the total profit can be determined.
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What do you mean by a facilitator? What are the major jobs of a facilitator of non formal educational programme
Explanation:
It is important to note that much of the intermittent formal learning throughout people's....Part of being an effective facilitator of informal learning ( and non-formal education) involves.
Answer:
The definition of facilitate is "to make easy" or "ease a process." What a facilitator does is plan, guide and manage a group event to ensure that the group's objectives are met effectively, with clear thinking, good participation and full buy-in from everyone who is involved.
The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a great deal of the nation’s wealth. How is this idea related to estate and gift taxes?
Answer:
There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.
The idea of avoiding an aristocracy by the founders of USA is related to estate and gift taxes because:
There was a need to reduce the influence of the wealthyAccording to the given question, we are asked to show the link which the founders of America had to preventing aristocracy and imposing estate and gift taxes.
As a result of this, we need to remember than an aristocracy is a government based on the wealthy and influential members of the society and this was one of the things which the Founding Fathers of America sought to prevent.
With this in mind, we can see that they imposed gift and estate taxes which was specifically targeted at the extremely wealthy so that their influence would be reduced and the country would not become an aristocracy.
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True or False: One purpose of human resource planning is to help reduce costs by helping managers respond to shortages and surpluses of human resources at a moment's notice.
The given statement "one purpose of human resource planning is to help reduce costs by helping managers respond to shortages and surpluses of human resources at a moment's notice" is True because human resource team help the manage or management.
The human resource is the main part of the organization or company, it is performed as role from the hiring new candidate to help the manager to management their role and work in the company.
That's why, the given statement is correct or true about the one purpose of human resource planning is to help reduce costs.
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During which phase of new product development do organizations determine if a new product can make a profitable contribution to the product mix?
The phase of new product development during which organizations determine if a new product can make a profitable contribution to the product mix is the business analysis phase.
In this phase, the organization analyzes the potential profitability of the new product by estimating the costs associated with production, marketing, and distribution, and comparing them to the expected revenue and profit margins. The organization also assesses the potential demand for the product and the competitive landscape to determine if the product has a viable market. Based on the analysis, the organization makes a decision to move forward with the product development or not.
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give one example of economic activity and non economic activity
why indigenous technologies are better than modern technology
Answer:
Indigenous technologies are better than modern technology because of the following reasons ;
1) It creates new employment opportunities .
2) It is much cheaper than imported technology.
3) It helps in the technological progress of developing countries which brings economic growth in nation .
4) It leads to greater encouragement for focused research.
5) It is affordable , sustainable band environment friendly.
A student should first borrow federal loans because of:_______
a) relatively low
b) interest rates
c) borrower friendly
d) repayment options
e) potential interest subsidy
f) all answers are correct
A student should first borrow federal loans because of relatively low interest rates, borrower friendly repayment options, and potential interest subsidy.
Federal student loans are advantageous because they generally have the lowest interest rates and don't require a credit check. These loans can be subsidized or unsubsidized. To receive a subsidized loan, you must demonstrate financial need.
Federal student loans generally have lower interest rates than private loans. Rates for new federal loans are also fixed, meaning they will stay the same during your entire loan term.
Thus, a student should first borrow federal loans because of its advantages.
Hence, option F is correct.
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A trader finds shares of company A and B are out of their expected relative pricing pattern. Shares of A are under-priced while shares of B are over priced. The trader decided to use futures on A and B to set up a pair trading position: II = NV-NV2 +N,V, NA. NB: N; are the number of future contracts on A, B and market index, VA VB. Vi are the value of the future contracts. Nj is chosen to hedge out the residual beta of the long- short position so that II is market neutral. Currently VA = 100, VB = 50, Vi= 1250. The trader longs 1000 future contracts on A while shorting 2000 futures on B. BA=0. 8B3 1. 1. What should the trader's position in N; be? =
We need to set up a pair trading position that is market neutral by hedging out the residual beta of the long-short position. The trader's position in N; should be 4.
To determine the trader's position in N;, we need to set up a pair trading position that is market neutral by hedging out the residual beta of the long-short position.
- Under-priced shares of Company A.
- Over-priced shares of Company B.
- Current values: VA = 100, VB = 50, Vi = 1250.
- The trader longs 1000 future contracts on A and shorts 2000 future contracts on B.
- BA = 0.8B3 1.1 (This seems to be a typo. Please provide the correct value.)
To achieve market neutrality, we need to determine the position in the market index futures contract (N;) that will hedge out the residual beta.
The formula for the pair trading position (II) is as follows:
II = NV - NV2 + N,VA - N,B.VB
Here, NV is the number of future contracts on the market index, NVA is the number of future contracts on Company A, and N,B is the number of future contracts on Company B.
Since the trader wants to hedge out the residual beta, we set II to be market neutral. Therefore, II = 0.
Substituting the given values into the formula:
0 = N, - 0 - N,100 + N,50
Simplifying the equation:
0 = N, - N,100 + N,50
Combining like terms:
0 = N, - N,100 + N,50
Rearranging the terms:
N, = N,100 - N,50
Simplifying further:
N, = 2N,50
N, = 2 * 50
N, = 100
Therefore, the trader's position in N; should be 100.
(Note: If the value of BA = 0.8B3 1.1 was provided correctly, the calculation would involve additional steps. Please provide the correct value if this is the case.)
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Muy Bueno Bakery Company sells three different products. Currently they are not able to meet all of their customers' demand. Using the following information, determine the most profitable product. Cake Pie Cookies Contribution margin $18 $11 $3 Production hours 3 1 .30 a.Cake b.Cookies c.Pie d.Cookies and Pie are the same
Answer:
c. Pie
Explanation:
In order to determine which product is the most profitable, we must calculate the contribution margin per hour:
Cake Pie Cookies
contribution margin $18 $11 $3
production time 3 1 .30
contribution margin p/hour $6 $11 $10
Pie is the most profitable product, followed by cookies, and cakes are the less profitable products.
What is the account balance of Supplies if: Cash = $2,300; Supplies = ??; Equipment = $650; and Liabilities +
Owners' Equity = $4,100
According to this question, with the given data available to us, the account balance of supplies is $1050.
What is the calculation for the same?The information provided gives us the following equation:
Assets = Liabilities + Owners' Equity
We know that:
Cash = $2,300
Equipment = $650
Liabilities + Owners' Equity = $4,100
Therefore:
Assets = Cash + Supplies + Equipment
To find the value of Supplies we can use the equation above and the information provided:
Assets = Liabilities + Owners' Equity
Cash + Supplies + Equipment = Liabilities + Owners' Equity
Supplies = Liabilities + Owners' Equity - Cash - Equipment
Plugging in the numbers:
Supplies = $4,100 - $2,300 - $650
Supplies = $1,050
So the account balance of Supplies is $1,050.
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Operating and financial constraints placed on a corporation by loan provision area. agency costs to the lenderb. interest rate costs to the firmc. necessary to control the risk of the firmd. agency costs to the firm
Operating and financial constraints placed on a corporation by loan provisions are necessary to control the risk of the firm and involve agency costs to the firm.
Loan provisions, such as covenants and restrictions, help lenders manage their exposure to risk when extending credit to a corporation. These provisions create agency costs for the firm because they require monitoring and enforcement efforts to ensure compliance with the terms set forth in the loan agreement.
By imposing these constraints, lenders can protect their interests and reduce the likelihood of default, thus controlling the risk of the firm.
While these provisions can impose additional costs on the borrower, such as increased interest rate costs or agency costs, they ultimately serve to maintain the financial stability and viability of the firm in the long term.
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The Superfund was designed to provide money for immediate response to ______ that pose imminent hazards without having the lengthy court processes that would delay cleanup.
The Superfund was created to fund an emergency response to hazardous waste sites that present immediate dangers without the need for drawn-out legal procedures that would postpone cleanup.
The US Congress passed the Comprehensive Environmental Response for hazards, Compensation and Liability Act (CERCLA), sometimes referred to as the Superfund, in 1980 to address the rising issue of abandoned or unmanaged hazardous waste sites around the country.
The US Environmental Protection Agency (EPA) oversees the Superfund programme, which provides funding for the emergency response to leaks or threatened releases of hazardous chemicals as well as for the remediation of polluted sites. Taxes on the chemical and petroleum industries, as well as a federal trust fund, are the main sources of funding for the programme.
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Marisol receives total employee benefits that are 14. 5% of her gross annual pay. If Marisol has a gross annual pay of $50,000, how much in total employee benefits does she receive?.
If Marisol has a gross annual pay of $50,000pay, the amount of employee benefits that Marisol receives is $7,250.
How to find?The amount of employee benefits that Marisol receives is $7,250.
Step-by-step explanation:
Given, Marisol receives total employee benefits that are 14.5% of her gross annual pay. If Marisol has a gross annual pay of $50,000.
Formula used,
Percentage = (Value/Total value) × 100
Where, Total value = Gross annual pay
Value = Total employee benefits
Percentage = 14.5 %.
Therefore, Total employee benefits = Percentage × Total value /100= 14.5 × 50,000/100= $7,250.
Hence, The amount of employee benefits that Marisol receives is $7,250.
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Warner Company’s year-end unadjusted trial balance shows accounts receivable of $116,000, allowance for doubtful accounts of $770 (credit), and sales of $450,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles
On December 31, Warner Company must make an adjusting entry to account for uncollectibles.
Prepare the December 31 year-end adjusting entry for uncollectibles?Debit Allowance for Doubtful Accounts for $4,500Credit Accounts Receivable for $4,500On December 31, Warner Company must make an adjusting entry to account for uncollectibles.Uncollectibles are estimated to be 1% of sales, or $4,500 ($450,000 x 0.01). The adjusting entry would be to debit Uncollectible Accounts Expense for $4,500 and credit Allowance for Doubtful Accounts for $4,500.This will increase Uncollectible Accounts Expense and reduce Allowance for Doubtful Accounts, thus decreasing Accounts Receivable by the same amount.After making this adjusting entry, the Accounts Receivable balance would be $111,500 ($116,000 - $4,500), the Allowance for Doubtful Accounts balance would be $4,270 ($770 + $4,500), and the Uncollectible Accounts Expense balance would be $4,500.To learn more about Debit Allowance for Doubtful Accounts refer to:
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
Translating your current required annual retirement savings amount into a percentage of total income and then investing that same percentage throughout your working life will help you build a retirement savings fund that keeps up with Social Security.
-inflation
-taxes
-recessions
-social security
Translating your current required annual retirement savings amount into a percentage of total income and then investing that same percentage throughout your working life will help you build a retirement savings fund that keeps up with inflation. The correct option is A.
Retirement is the phase of life that comes after a person has ceased working. Retirement typically refers to the period when an individual ceases working altogether, usually after reaching a certain age. The financial resources that were built up over a person's working years are used to fund retirement living expenses.
Savings is defined as the amount of money that is put aside or not spent. Saving is a critical part of financial management since it allows you to prepare for the future and cope with any unexpected emergencies that might occur.
Income is defined as the amount of money that a person or a corporation earns on a regular basis. Income is frequently used to refer to the salary or wages that someone earns as a result of their job.
To build a retirement savings fund that keeps up with inflation, translate your current required annual retirement savings amount into a percentage of total income and then invest that same percentage throughout your working life.
Since investment options can be diverse, it is advisable to create a well-diversified portfolio with a mix of assets that are chosen based on your investment objectives, risk tolerance, and time horizon. Hence,The correct option is A i.e. inflation.
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