b. False
Sam's employer matching a portion of his contributions to a 401k is essential for him to consider when planning how to allocate his cash flow because it provides a valuable opportunity to maximize his retirement savings.
Employer matching contributions are essentially free money added to Sam's account, increasing the overall value of his retirement fund.
By taking advantage of the employer match, Sam can potentially double his 401k contributions, depending on the match percentage offered by his employer. This significantly accelerates his retirement savings growth and helps him reach his financial goals faster.
Moreover, contributions to a 401k are usually tax-deferred, meaning Sam's taxable income is reduced by the amount he contributes. This results in immediate tax savings, allowing him to allocate more of his cash flow towards his retirement goals.
In addition, the 401k plan provides a long-term investment horizon, allowing Sam's funds to grow through compound interest over time. As his account balance increases, so does the earning potential, which can lead to substantial growth in the long run.
In summary, Sam should prioritize maximizing his employer's 401k matching contributions when allocating his cash flow. Doing so will allow him to take advantage of free money from his employer, reduce his taxable income, and accelerate the growth of his retirement savings, ultimately helping him achieve a more secure financial future.
To know more about Employer matching contributions, refer to the link below:
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A brief form of communication typically used in businesses is known as a memo. Memos are concise and direct pieces of communication used for internal dissemination of information, such as instructions, updates, or notifications.
In the business environment, brief written communication is usually referred to as a memo, short for memorandum. Memos are used for various reasons such as notifying employees of changes, providing updates, and giving instructions. It's a form of communication that is both concise and direct, typically used within an organization to communicate information quickly and efficiently.
Memos have an important role in maintaining effective communication in a work environment. While emails are also used for internal communication, memos tend to be more formal and are often used when the information being communicated is of significant importance or needs to be documented for future reference.
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ANSWER: GOLD JEWELERY
EXPLANATION: Gold Jewelery is a classic example of a product with highly elastic demand. Consumers often tend to sway away to substitute products or postpone buying the gold jewelery if the price increases by a very small amount.
Two factors which makes the product's demand so elastic are:
a. AVAILABILITY OF SUBSTITUTES: People often tend to shift to substitute products when the price of the product increases. For example, for Gold Jewelery, people often tend to shift to jewelery which are artificial in nature or are made up of comparatively cheaper metals like silver.
b. INCOME LEVEL: Income level of the consumer plays a very important role in the market. Buying Gold jewelery after price hike for a person who earns $1000 a month maybe a trouble but for someone who earns as handsome as $10,000 a month may not be burden.
The answer to 'Clients rarely cut ecommerce expenditure' is subjective, as companies may increase or decrease their ecommerce expenses based on various factors such as return on investment, market conditions, and strategic decisions.
The statement 'Clients rarely cut ecommerce expenditure' can be either true or false depending on various factors. By nature, ecommerce expenditure is dynamic and subject to shifts with changes in business strategy, market conditions, or individual client needs.
Ecommerce costs can include anything from the platform's maintenance costs, marketing, and advertisement expenses to handling logistics and customer service. If a business sees a strong return on investment from their ecommerce efforts, they might be less inclined to cut spending. However, if the benefits are not realized, they might decide to reduce their ecommerce budget.
Moreover, technological advancements and rising competition often force businesses to continuously invest in their ecommerce strategies to stay relevant and competitive. Yet, circumstances like a downturn in economy or shifts in consumer behavior can also cause companies to reduce ecommerce costs.
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