Larry wants to hold an event that covers Dual Special Needs Plans (SNP). He will use the slide presentation provided by UnitedHealthcare to explain the plan benefits and will help consumers complete enrollment applications at the end. What type of event does Larry need to conduct?

Answers

Answer 1

Answer:

Not marketing sales event informal

Explanation:

Since Larry wants to hold an event that covers Dual Special Needs Plans (SNP) which are Medicare Plans that intend to help limit membership as well as helpntailor to people with a specific diseases in which he will be using slide presentation that was provided by United Healthcare to help explain the plan benefits and as well help the consumers to complete their enrollment applications at the end this means that the type of event that Larry need to conduct will be NOT MARKETING SALES EVENT INFORMAL reason been that United Health care enables people or individual to gain access to the services that address the most important and significant causes of disease and death in which they as well ensures that all the quality of the services they rendered is good enough to help improve the health and vitality of the people who receive their services.

Answer 2

In this scenario, the type of event that Larry need to conduct is a marketing/sales event formal.

A sales formal event is an event involving an audience and the salesperson that is providing a specific information, sales presentations, talking points to the audience.

Hence, Larry need to conduct a marketing/sales event formal to explain the plan benefits and help consumers complete enrollment applications.

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Related Questions

" Brad always buys and uses Nike brand golf balls. If he finds a Titlelist or Callaway ball in the rough, he gives it away. Brand loyal golfers like Brad allow Nike to charge a higher price and not lose many sales. Nike has effectively: "

Answers

Answer:

b. reduced the price elasticity of demand for its products.

Explanation:

The price elasticity of demand refers to the relationship between the percentage change in the price of a good and the percentage change in the quantity demanded

Like it in the question, it is mentioned that Nike charged a higher price and does not want to lose many sales which results that it declines the price elasticity of product demands

Suppose that Barack and Michelle are duopolists. Barack is producing 300 units of output, and Michelle is producing 400 units of output. When Michelle produces 400 units, Barack maximizes profit by producing 300 units. When Barack produces 300 units of output, Michelle maximizes profit by producing 400 units. Barack and Michelle are

Answers

Answer:

Barack and Michelle are  at a Nash equilibrium

Explanation:

They are at a Nash equilibrium i.e. they are producing at a point were they will be making a profit of irrespective of the strategy choose by the other firm in the market.

In a Nash equilibrium, every person in a group makes the best decision for herself, based on what she thinks the others will do

Cost behavior is useful to managers for all of the following except:__________.
a. Whether to replace a machine.
b. To predict profits as sales and production volume changes.
c. To estimate costs.
d. None of these choices are correct.

Answers

Answer:

D

Explanation:

Cost behavior is defined as the measure of the reaction of the cost to outputs in production and sales volume.It reveals the impact of changes in activities on cost.

This helps the management in planning and controlling its costs and drive profits.

Cost behavior can be useful to the manager in deciding whether to replace a machine or not as the efficiency rate of a machine tends to reduce due to impairment , causing a rise in cost.

So also , it can be useful in predicting profits as sales and production volume changes and also to estimate cost.

If a company is considering the purchase of a parcel of land that was acquired by the seller for $87,000 is offered for sale at $154,000, is assessed for tax purposes at $97,000, is considered by the purchaser as easily being worth $144,000, and is purchased for $141,000, the land should be recorded in the purchaser's books at:

Answers

Answer:

$141,000

Explanation:

The company must record the land at the price at which it purchases it. In this case, the company purchased the land at $141,000, so following the historical cost principle (accounting principle), that is the value.

The historical cost principal (under US GAAP) states that any asset must be recorded at the price at which is was acquired even if their market value might be different.

A production possibilities frontier can shift outward if… Group of answer choices The economy abandons inefficient production methods in favor of efficient production methods. Economy experiences economic downturn. There is a technological improvement. Resources are shifted from the production of one good to the production of the other good.

Answers

Answer:

There is a technological improvement

Explanation:

A production possibilities frontier shows the two combinations of good an economy can produce when all its resources are fully employed.

points on the production possibilities frontier show efficient production

Points inside the  production possibilities frontier show inefficient production

Points outside the production possibilities frontier show unattainable production given current resources.

Technological progress leads to a outward movement of the  production possibilities frontier

If Resources are shifted from the production of one good to the production of the other good, there would be a movement along the production possibilities frontier from one point to another

Which of the following does not appear on the asset side of a bank's balance sheet? Question 19 options: a) required reserves b) checkable deposits c) loans d) excess reserves

Answers

Answer: b) checkable deposits

Explanation:

Checkable Deposits are the deposits by customers into the bank. The bank uses these funds to make loans that it issues out to others. It is recorded as a liability on a Banks Balance sheet because it represents that the bank owes its customers.

ullbright Company sold goods to Blue Dirt Company for $400,000 in exchange for a 4-year, zero-interest-bearing note with a face amount of $629,406 (imputed rate of 12%). The goods have an inventory cost on Fullbright’s books of $240,000. What amount of Sales Revenue should Fullbright recognize in 2017?

Answers

Answer:

The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000

Explanation:

The total value of $629,406 of the note includes the amount of interest revenue which would be $229,406 which is gotten from (629,406-400,000). The value of sales revenue will be $400,000

The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000

Which of the following statements are true about authorized direct payments: (select all that apply)

a. It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments

b. Banks make many mistakes while processing these types of withdrawals

c. It is convenient

d. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.

e. It is very expensive to enroll into automatic bill payment.

f. Once you enroll into automatic bill payment, you have to authorize direct deposits to your account on regular basis.

Answers

Answer:

a. It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments

c. It is convenient

d. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.

Explanation:

Authorized Direct Payments give permission to an entity to withdraw a certain amount from your bank account to pay bills or other expenses. It is typically collected at a regular interval which is usually in months.

When using this it can be easy to forget that you have given permission for your money to be withdrawn from every period because you are not dealing with it directly. This means that you might even forget to adequately fund your account to enable the payment.

This type of payment is however very convenient as it means that you do not have to sign orders or checks every period because the payment just goes through automatically without bothering you.

As part of their convenience, these types of payments can be set up relatively fast.  Stopping them on the other hand is a bit more difficult because it requires following up on multiple parties including the merchant and your bank. You would have to tell the merchant to stop collecting the payments sometimes by letter. Then you would have to issue a stop order to your bank to make sure they stop the payments. Then you have to ask for an update after some days from all parties to ensure that indeed your request has been carried out.

Statements that are right about authorized direct payments are;

It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments.It is convenient. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.

What is authorized direct payments?

A authorized direct payments is a kind of payment that occur when one authorize a company to electronically collect a pre-authorized amount from your checking in order to  a bill.

It is an automatic payment plans can be set up in a matter of minutes and it's time saving.

Learn more about authorized direct payments at:

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(10 marks) 1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?

Answers

Answer:

1. Political instability

2. High cost of taxation

3. Insecurity

4. Changes in law and policy

Explanation:

1A. Political instability. The uncertainty regarding political decisions is one of the major threat to foreign investment in Nigeria. Where there are daily crises in terms of political events, such will scare away potential investors. Moreover, if government changes regulations guiding businesses or do not enforce such changes, it may cut down the returns that should ordinary be made by the investors hence discourage them from making further investment.

1B. High cost of taxation. Emerging economies such as Nigeria imposes too many taxes on local and foreign investors who have their companies situated there. For instance, the federal government through Federal lnland Revenue services is saddled with the responsibility of collecting various types of taxes such as company income tax, withholding taxes etc. Moreover, state governments also levy taxes on these companies for situating and carrying out business transactions in their state.

1C. Insecurity. The prevalence insecurity in the North East discourages investors from investing in Nigeria. The country has to grapple with the daily threat posed by these terrorist. Again, the activities of these terrorist group including the dreaded bandits and local militants have claimed and destroyed lots of lives and properties over the years. Due to their constant and continuous activities, Nigeria has been included among terrorist nations hence scares investors away from coming to invest in the country because no one would want his or her investments to be destroyed.

1D. Changes in law and policy. Emerging countries such as Nigeria is used to changing laws regulating businesses constantly. Most of these changes come through variation of existing contracts such as using executive powers(circulars, administrative orders,directives etc). The continuous changes in law and policy is capable of discouraging investors from investing in the country.

2. If I have the resources to change any of the above, I would change political instability. The reason is that a country that is not stable politically cannot attract foreign investment. I would try as much possible to bring together all the political players in the country by asking them to ignore their political differences hence work towards common good of the country.

About half of logisticians work in what industries or fields?
O A. Manufacturing and government
O B. Education
C. Science and industry
O D. Retail and wholesale

Answers

Answer:

A. Manufacturing and government

Explanation:

The logistician's reviews the activities that are related to purchasing, inventory, transportation, warehousing of materials, etc

According to the given situation as it is mentioned that half of the logisticians work in manufacturing and government fields as it captures most of the market or we can say most of the states, country

Therefore the correct option is A.

Answer:a

Explanation:

A house is being appraised using the sales comparison approach. The house has three bedrooms, two bathrooms, and a patio. The appraiser selects a comparable house that has three bedrooms, 3 bathrooms, and no patio. The comparable house just sold for $200,000. A bath is valued at $7,000, and a patio at $2,000. Assuming all else is equal, what is the adjusted value of the comparable

Answers

Answer:

$195,000

Explanation:

Calculation for the adjusted value of the comparable

Using this formula

Adjusted value=( Sales of comparable house-Bath value +Patio cost)

Let  plug in the formula

Adjusted value=$200,000-$7,000+$2,000

Adjusted value =$195,000

Therefore the adjusted value of the comparable assuming all else is equal would be $195,000

The________includes a message source that encodes an idea into a message and transmits the message through some medium. Marketing messages exploit a variety of appeals and message structures. The message is transmitted using one of several different communications media and is finally delivered to a receiver, who decodes the message and may provide feedback to the source. Anything that interferes with the communication is called noise.

Answers

Answer: Traditional communication model

Explanation:

The Traditional Communication Model was mostly a one-way street where advertisers spoke to customers and may or may not have received feedback.

It worked like this;

A advertising agency (source) made up a message ⇒ message is then transmitted through a medium such as a newspaper or television ⇒ message is then seen/ delivered to consumer (receiver).

The consumer may then choose to reply or rather provide feedback through indirect means such as buying the good or service that was advertised.

On January 1, the Elias Corporation issued 10% bonds with a face value of $113,000. The bonds are sold for $110,740. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, ten years from now. Elias records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 of the first year is.

Answers

Answer:

The bond interest expense for the year ended December 31, of the first year is $5,650

Explanation:

We will need to calculate the total annual interest expense on the bond which we are given as 10% of the face value. We will then divide the total interest on the bond by 2 because the pays semi-annual interest.

Total interest expense on the bond will therefore be ; 10% × $113,000

= $11,300

Semi-annual interest expense will now be ;

= $11,300/2

= $5,650

________ is characterized by a low degree of departmentalization, wide spans of control, authority centralized in a single person, and little formalization.

Answers

Answer:

Simple Structure

Explanation:

Im pretty sure!

Economist Jones favors a constant-money-growth-rate rule. She says that if the annual money supply growth rate each year is equal to the average annual growth rate in Real GDP, price stability will exist over time. What would economist Smith, who favors activist monetary policy, say to economist Jones?

Answers

Answer: d. b and c

Your analysis assumes that velocity is constant, and it is not.

Your analysis assumes that you can correctly define the money supply

Explanation:

Here are the options for the question:

a. Your analysis assumes that Real GDP is constant over time, and it is not.

b. Your analysis assumes that velocity is constant, and it is not.

c. Your analysis assumes that you can correctly define the money supply.

d. b and c

e. a, b and c

According to the constant-money-growth-rate rule, the government should target money growth rate in a way that it will be equal to growth rate of the real GDP.

The likely thing that economist Smith, who favors activist monetary policy would say to economist Jones is that Jones is assuming velocity will be constant, and is also correctly defining the money supply which should not.be the case as velocity isn't always constant.

On december 31, 2008, Pico acquired $ 250,000 per value of the outstanding $1,000,000 bonds of its subsidiary, sico, in the market for $ 200,000, on the date, Sico had a $ 100,000 discount on its total liability. Which one of the following is the net amount of gain or loss that will be recognized by pico in its December 31, 2008, consolidated financial statements as a result of its intercompany bonds?
a. $150,000
b. $ 50,000
c. $25,000
d. $75,000

Answers

Answer:

Pico gain = $25,000

Explanation:

Given:

Total bonds of sico = $1,000,000

Pico acquired = $250,000

Total amount of premium = $200,000

Discount amount = $100,000

Find:

Pico gain or loss

Computation:

Share of Pico = $250,000 / $1,000,000

Share of Pico = 0.25

Gain in premium = $200,000 × 0.25

Gain in premium = $50,000

Loss in discount = $100,000 × 0.25

Loss in discount = $25,000

Net gain = $50,000 - $25,000

Net gain = $25,000

Question 3 of 10
Why do many banks consider student loans risky investments?
A. Student loans have long grace periods.
B. Student loans bring in a low rate of interest.
C. Student loans are regulated by the government.
D. Student loans aren't secured by collateral.
SUBMIT

Answers

The answer it’s “d”

Student loans aren’t secured by collateral

Large-cap funds invest in...

a. Companies with large market value.
b. In at least 200 companies.
c. Stocks only.
d. All of the above.

I WILL MARK AS BRAINLIEST WHEN I CAN.

Answers

Answer:

Large-cap funds invest in

a. Companies with large market value.

Explanation:

Let Company A be a mutual fund that invests in the securities of companies that have large market capitalization.  Company A is, therefore, regarded as a large-cap fund.  Company A will use  the size of the market capitalization to determine the companies to invest in.  For example, the market capitalization of Company B is the value of the shares of the company, which is derived as the product of the number of Company B's outstanding shares and the current market price (1,000,000 x $50, market cap = $50 million).  For Company A, the decision to invest in Company B is factorized based on the size of the market value, $50 million, which must be above the average market capitalization of similar companies.

On December 1, Christy Co. accepted a 60-day, 6%, $1,000 note due January 30. On December 31, the appropriate year-end adjusting entry was made. On January 30, the note was honored and paid in full. The entry to record receipt of payment on January 30 (assuming no reversing entry was made) would include a credit to: (Check all that apply.)

Answers

Answer:

Entry for the repayment involve a Debit of Note Payable of $1,060 and a Credit of Cash of $1,060.

Explanation:

By January 30 , 2 months interest would have expired and the journal entries are as follows :

December 31

Interest expense $30 (debit)

Note Payable $30 (credit)

January 30

Interest expense $30 (debit)

Note Payable $30 (credit)

Thus the repayment will be at the carrying cost of the note payable as follows :

Note Payable $1,060 (debit)

Cash $1,060 (credit)

Conclusion :

Entry for the repayment involve a Debit of Note Payable of $1,060 and a credit of Cash of $1,060.

Shrives Publishing recently reported $13,000 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 35%. During the year, the firm had expenditures on fixed assets and net operating working capital that totaled $1,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow?

Answers

Answer: $3762.50

Explanation:

Given the following :

Sales = $13,000

Operating Cost other than Depreciation = $5,500

Depreciation = $1250

Bond value = $3,500

Interest rate = 6.25%

Tax rate = 35%) = 0.35

Expenditure on fixed assets and net operating working capital = $1,550

What was its free cash flow?

Free cash FLOW (FCF) = EBIT(1 - tax rate) + depreciation - ( Expenditure on fixed assets and net operating working capital)

EBIT = Earning before income tax;

EBIT = SALES - Operating Cost other than DEPRECIATION - DEPRECIATION

EBIT = $13000 - $5500 - $1250 = $6250

FCF = $6250(1 - 0.35) + $1250 - $1550

FCF = $6250(0.65) + $1250 - $1550

FCF = $4062.50 + $1250 - $1550

FCF = $3762.50

PLEASE HELP! IF YOU CAN'T ANSWER ALL OF THE QUESTIONS, PLEASE JUST GIVE ME AS MUCH AS YOU CAN! THANK YOUUUU

1. How can a business use its customer profile to meet the objective of increasing sales?

2. Explain why a business may decide to increase its product mix.

3. Define ‘customer profile’ and explain two elements that might be useful in creating a customer profile.

4. ‘Any business that fails to conduct a sales analysis will be unable to assess the success of its marketing strategies.’ Discuss.

5. A business has a sales forecast of $90000 but achieves actual sales of only $25000. What does this signify? What should the business do next?

6. Darren runs a garden maintenance business and has carried out a marketing campaign in his own and neighbouring suburbs. Explain how each of the following may help him evaluate the success of that campaign:
a. sales analysis b. market share analysis c. marketing profitability analysis

Answers

Answer:

1. Customer profile is used to increase sales by keeping their demand in mind. Customer traits and requirements are important and used a target for increasing sales.

2. Profitability is the main reason when a  company is increasing its product mix.

3. Understand your product, take feedback from customer, observe customer typology.

Explanation:

4. The sales analysis is very important for any business. It is important to forecast sales based on demands of customers to ensure sufficient supply of products.

5. Inaccurate sales forecasting leads to decline sales. The company has foretasted $90,000 but in actual it was only able to make up $25,000 of sales. This may be due to some unavoidable circumstances but during forecast such events and seasonal effects should be considered.

6.

Sales analysis is an important factor which helps any organization to meet market demands.

Market share analysis helps the organization to identify where it stands out among its competitors.

Marketing profitability analysis is a process which helps a company to design such marketing strategies which will help to boost its profitability.

if there are diminishing returns to labor , then as more workers are hired the total amount produced by all of the workers will decrease .​

Answers

Answer:

Diminishing returns to labor

"if there are diminishing returns to labor , then as more workers are hired the total amount produced by all of the workers will decrease."

The above statement is not correct.

The total amount produced by all of the workers will not decrease.  It will increase, but the increase will not be as much as it was before the continued increase in labor because of the law of diminishing returns.

Explanation:

The law of diminishing returns to labor explains that the marginal increase in total output will not be the same as it was before the increase because one of the inputs in production, like capital is kept constant, while labor is being continuously increased.  The reason for this is that the capital assets will not be enough for the increasing population of labor when the entity has reached its full capacity.  Unless capital assets (capacity) is increased as labor is increased, there will reach a point when the production per labor will start to decrease instead of increasing, but the total production will continue to increase.

In Economics, the law of diminishing returns holds that if one input is held constant (capital) while other inputs ( e.g. labor) are being increased, a point is reached when the additional inputs yield smaller output or diminishing returns relative to the increasing inputs.  This law is also called the principle of diminishing marginal productivity.  This principle teaches managers to be aware that if they want to achieve total increases in productivity, it is not only one input that should be increased, especially after a point.

Explain the criticisms of labor unions today. 25 POINTSS​

Answers

Critics argue that labour unions can make a company less competitive due to added labour costs. Additionally, unreasonable union demands could hurt members when a business simply outscores jobs to foreign countries in search of cost-efficiency

One major criticism of labor unions today is that they have become too large and are out of touch with workers’ needs. In the past, union leadership has shown a pattern of corruption and many people worry that this trend continues today. Some people argue that union activity has hurt the US economy; higher union wages have meant higher prices for consumer goods and the introduction of improved technology has been slow as unions fear it will result in fewer employees.

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One of the easiest methods of diversifying away firm-specific risks is to: Multiple Choice build a portfolio with 40 to 55 individual stocks. buy only stocks with a beta of 1.0. purchase stocks that plot above the security market line. purchase the shares of an index fund.

Answers

Answer:

Option D. purchase the shares of a Index fund.

Explanation:

The reason is that the index funds are itself a mutual fund investment and they follow preset rules which helps an ordinary investor to understand those rules easily. Furthermore, they are already a diversified investment, hence investing in the shares of mutual fund makes the investment risk diversified investment.

The insurer must be able to rely on the statements in the application, and the insured must be able to rely on the insurer to pay valid claims. In the forming of an insurance contract, this is referred to as

Answers

Answer:

utmost good faith

Explanation:

The utmost good faith refers to the principle in which both the parties are acted honestly i.e it disclosed all the information related to the insurance and does not misguide anything to gain a benefit in term of profit

Therefore in the given case, there is a contract made between the two parties where they trust each other and hope that they treated each one in a honest manner

So this situation represent the utmost good faith

Anthony and Cathy Smith have been married for thirty-one years. They have always had a joint bank account, discussed big expenditures, and shared household duties. Which term best describes the Smith family based on this information

Answers

Answer: Egalitarian

Explanation:

From the question, we are informed that Anthony and Cathy Smith have been married for thirty-one years and that they have always had a joint bank account, discussed big expenditures, and shared household duties.

The term that can be used to describe them is egalitarian. Egalitarian is a principle which believes that everyone is equal and everybody deserve a equal opportunity and has an equal right.

Flying High Manufacturing produces frisbees using a threeminusstep sequential process that includes​ molding, coloring and finishing. When the frisbees and associated costs are transferred from the molding process to the coloring​ process, which account is​ debited?

Answers

Answer and Explanation:

The journal entry is shown below:

WIP inventory - Coloring Dr XXXXX

         To WIP inventory - molding XXXXX

(Being the transferring from the molding process to the coloring​ process is recorded)

For recording this we debited the WIP inventory of Coloring as it increased the assets and credited the WIP inventory of Molding as it decreased the assets

Which situation best illustrates the concept of scarcity?
a class designing and selling calendars
a cook learning to be an executive chef
a friend buying a copy of a popular DVD
a person buying a used car due to limited income

Answers

Answer:

answer is D

Explanation:

Situation best illustrates the concept of scarcity is a person buying a used car due to limited income

What is Scarcity?

Scarcity can be regarded as an economic situation whereby the demand for a resource is more compare to the supply .

Therefore, scarcity is as a result of the resource, been limited.

Learn more about Scarcity at;

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You are a vendor representative with a new line of fashion watches showing it to a new buyer. The costume jewelry buyer says she would like to buy the line but has too many lines of fashion watches in her assortment already that are not selling. She continues to complain that her worst-selling brand of watches will not help her out with any markdown allowances or take any of the merchandise back. She states that she is no longer buying any more merchandise from this line and will have to wait until it sells before she can bring in a new line of watches. What might you suggest or negotiate?

Answers

Answer:

Doing a buyback

Explanation:

Answer:

Since She states that she will no longer buy any more merchandise from this line and she will have to wait until it sells before she can bring in a new line of watches what i would or might you suggest or negotiate is for her to do a BUYBACK.

Therefore BUYBACK can be seen as something or item that have been repurchased due to some unresolved issues that has been reported by the initial owner but has since been resolved and it can as well mean an agreement to buy something in return.

Lastly BUYBACK can tend to be a sale whereby something that is been sold is repurchased from the buyer by either the seller or the initial owner.

Dogstuff adjusts salaries based on changes in its stock​ price, which has increased consistently at one fifth its value per year. Yearly raises are the same fraction of the current salary as the yearly fractional change in stock prices. Hector currently earns ​$31 comma 500 per year at Dogstuff. Find last​ year's salary, the salary in 2 ​years, and the salary 2 years ago.

Answers

Answer:

Last year: $26,250

Two years later = $45,360

Two years before = $21,875

Explanation:

Given that:

Constant fractional changes in salary = 1/5 (same as fractional changes in yearly price of stock).

Hector's current salary = $31,500

Therefore, total salary including the fractional increase with respect to the current salary will be in the form:

Current salary * (1 + 1/5)

1 + 1/5 = 6/5

Salary for previous year:

Current salary / (6/5)

If period to calculate is more than a year; then the fraction is raised to the root of the given year.

That is (6/5)^number of years

Previous year salary:

$31500 / (6/5)

= $31500 / 1.2

= $26,250

Salary 2 years from now:

$31500 * (6/5)^2

= $31500 * 1.2^2

= $31500 * 1.44

= $45,360

Two years before:

$31500 / (6/5)^2

= $31500 / 1.44

= $21,875

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