Principle #2: the time value of money tells us that time is our greatest ally. This being so, the most important and most difficult step is making the commitment to get started. Tell how to find the money and get started with Principle #15: just do it
What will be an ideal response?
Answer: Pay yourself first instead of last; that is, before spending for bills and life's necessities. Making an automatic deposit directly from your paycheck or checking account makes it less painful because you do not see this money first. Take advantage of your employer's matching funds retirement plans and the government's tax reductions, such as IRAs. Use windfalls for investing instead of spending them. If you are having trouble getting started, pick two months per year to cut back on spending and make those your investing months.
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Martin Company incurred the following costs for 70,000 units:
Variable costs $420,000 Fixed costs 392,000 Martin has received a special order from a foreign company for 3,000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $6,300 for shipping. If Martin wants to earn $6,000 on the order, what should the unit price be? a) $10.10 b) $8.00 c) $15.70 d) $9.70
Advertisers who follow the localized approach are skeptical of the global-village argument
Indicate whether the statement is true or false