You are considering three alternative banks in which to open a savings account. The first bank offers you an annual rate r1, and the interest is paid monthly. The second bank offers a rate r2, and the interest is paid daily. The third bank offers a rate r3, and it offers continuous compounding.
Give all answers to four decimal places.
1) Suppose you were to save $500.0000 in the first bank. The interest rate is r1=8.0000%. Three years from now, you should have $
2) Suppose you were to save $500.0000 in the second bank. The interest rate is r2=5.0000%. Three years from now, you should have $
3) Suppose you were to save $500.0000 in the third bank. The interest rate is r3=3.0000%. Three years from now, you should have $
4) Let the interest rate in the first bank be r1=8.0000%, and you are considering saving your money for 3 years. The interest rate from the second bank that would make you indifferent between the first and second bank is r2=
5) Let the interest rate in the third bank be r3=3.0000%, and you are considering saving your money for 3 years. The interest rate from the first bank that would make you indifferent between the first and third bank is ????
Answers
Answer:
1) Suppose you were to save $500.0000 in the first bank. The interest rate is r1=8.0000%. Three years from now, you should have
effective interest rate = 1.08 = (1 + r)¹²
r = 0.643403% per month
future value = $500,000 x (1.0643403)³⁶ = $629,856
2) Suppose you were to save $500.0000 in the second bank. The interest rate is r2=5.0000%. Three years from now, you should have
effective interest rate = 1.05 = (1 + r)³⁶⁵
r = 0.013368061% per day
future value = $500,000 x (1.00013368061)¹⁰⁹⁵ = $578,812.50
3) Suppose you were to save $500.0000 in the third bank. The interest rate is r3=3.0000%. Three years from now, you should have
future value = $500,000 x e⁰°⁰⁹ = $547,087.14
4) Let the interest rate in the first bank be r1=8.0000%, and you are considering saving your money for 3 years. The interest rate from the second bank that would make you indifferent between the first and second bank is r2=
$629,856 = $500,000 x (1 + i)¹⁰⁹⁵
(1 + i)¹⁰⁹⁵ = 1.259712
1 + i = 1.000210874
i = 0.000210874 = 0.0210874% per day or 7.7% annual
5) Let the interest rate in the third bank be r3=3.0000%, and you are considering saving your money for 3 years. The interest rate from the first bank that would make you indifferent between the first and third bank is
$500,000 x (1 + i)³⁶ = $547,087.14
(1 + i)³⁶ = 1.09417428
i = 0.2503128 per month = 3.05% annual
Related Questions
1. What are 2-3 reasons why the product (saving or investing) might be a good option for someone to use for growing their money?
2. What are 2-3 reasons why the product (saving or investing) might NOT be a good idea for someone to use for growing their money?
Answers
1. Some reasons why a savings account or investment can be a good option for someone to use to increase their money is that it generates long-term compound interest in addition to generating a security reserve.
2. And some reasons why a savings or investment might not be a good option for someone to increase their money is lack of information about both and high risk.
How to make good investments?It is essential that investors seek information about investments and their profile, in order to identify the best options in line with their desires and needs, in addition to diversifying their investment portfolio to reduce risks.
Therefore, saving and investing are positive methods to increase money, generate greater control over your financial resources and greater long-term security.
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Give me a couple countries that have a low and high quality of life index
Answers
Answer:
Countries with have mediocre quality of Life index: Puerto Rico, South Korea, Greece, Bulgaria, Romania
The approach to ethical behavior which proposes that actions and plans should be judged by their consequences, thus producing the greatest benefit to society with the least harm or the lowest cost is called:__________.
A) individual rights approach.
B) mercantilism approach.
C) utilitarian approach.
D) justice approach.
E) moral imperialism approach.
Answers
Answer:
The correct answer is option (C)utilitarian approach.
Explanation:
Utilitarian approach: It is referred to as an action in relative to outcomes and reaction
For example, the cost and net benefits of all group of people based on an individual level. that is, by works towards achieving or aiming for the best for the greatest number while producing the least amount of suffering or harm.
What dose it mean to be fully human were interacting with others any virtual space like classroom why or why not
Answers
While interacting with others in a virtual space, to be fully human means for instance such as in a classroom, means having the qualities and characteristics inclusive to humanity, even though the medium of communication being virtual.
It involves identifying and embracing our shared humanity and engaging in meaningful connections with other people like friends family colleagues, even though miles apart and can only see by virtual screens.
Emotional connections, sharing knowledge, expression ,communication collaboration cooperation are the various forms. Therefore, virtual experiences though lack sensory and physical aspects of face-to-face interactions, they still provide a platform for human connection, learning, and growth.
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Virginia has business property that is stolen and partially destroyed by the time it was recovered. She receives an insurance reimbursement of $6,000 on property that had a $14,000 basis and a decrease in market value of $10,000 due to damage caused by the theft. What is the amount of Virginia's casualty loss?
Answers
Answer:
$4,000
Explanation:
The computation of amount of Virginia's casualty loss is shown below:-
If property is personal property or is not absolutely destroyed, then the amount of loss of casualty is the lower of:
1. The adjusted asset base, or
2. Reducing the fair market value of the property as a result of the incident
But loss of casualty, should be decreased by any salvage value by any insurance or even other reimbursement that you obtain or consider.
Basis = $14,000
Decrease in fair market value = $10,000
Lower of above = $10,000
From insurance company the Reimbursement is = 6000
So, the Loss of Casualty = $10,000 - $6,000
= $4,000
How do companies effectively go global?
Answers
Answer:
Some of the specific advantages presented by successfully growing globally include:
•You can extend the sales life of existing products and services by finding new markets to sell them in.
•You can reduce your dependence on the markets you have developed in the United States.
and more....
Explanation:
hope it helps......
On Jan. 20, ABC Co. received
$98
in full payment of a
$100
customer account. (The customer took advantage of a
2%
discount for early payment.) Show how to journalize the transaction into the cash receipts journal by selecting all of the correct actions below. (Check all that apply.)
$2
is entered into the Sales Disc. Dr. column.
$100
is entered in the Cash Dr. column. The customer's name is entered into the Account Credited column.
$100
is entered into the Accounts Receivable Cr. column.
$100
is entered into the Sale
Cr
. column.
$98
is entered in the Cash Dr. column.
Answers
In the given transaction, the following statements are correct which are:
$2 is entered into the Sales Disc. Dr. column.$100 is entered into the Accounts Receivable Cr. column. $98 is entered in the Cash Dr. column.Thus, the correct option is (A, D, F).
The amount owed to a business for products or services that have been delivered or utilized, but for which consumers have not yet made payment is known as accounts receivable, or AR. Accounts receivable are shown as a current asset on the balance sheet.
The accounts receivable turnover ratio or days sales outstanding can be used to assess a company's AR health.
A turnover ratio analysis can be performed to forecast when the AR will be received.
Here,
The journalized transaction are as follow:
Cash debited by $98Sales discount debited by $2Accounts receivable credit by $100Therefore, the correct option is "A, D, F".
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This is an incomplete question, the complete question is:
On Jan. 20, ABC Co. received $98 in full payment of a $100 customer account. (The customer took advantage of a 2% discount for early payment.) Show how to journalize the transaction into the cash receipts journal by selecting all of the correct actions below. (Check all that apply.)
A. $2 is entered into the Sales Disc. Dr. column.
B. $100 is entered in the Cash Dr. column.
C. The customer's name is entered into the Account Credited column.
D. $100 is entered into the Accounts Receivable Cr. column.
E. $100 is entered into the Sale Cr. column.
F. $98 is entered in the Cash Dr. column.
Besides a paycheck, what other things do American workers often receive as part of their
compensation? What would likely happen to all these costs of production if the jobs in
question are outsourced to a developing nation?
Answers
Besides a paycheck, American workers often receive benefits such as health insurance, retirement plans, and paid time off. These costs would likely decrease if jobs are outsourced to a developing nation.
How is this so?The above costs would decrease because developing nations have weaker currencies compared to the dollar.
Aso the cost of living in developing countries is lower when compared to developed nations.
Suffice it to say thus that . These costs would likely decrease if jobs are outsourced to a developing nation.
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Who represents the State in a jury trial?
OA. The judge
OB. The prosecutor
C. The jury
OD. The defense attorney
Answers
The defense attorney represents the State in a jury trial.
An attorney is a someone who has the constitutional authority to act on behalf of another person. Lawyers are individuals who have completed law school and, in many cases, have taken and passed the bar test. Attorney derives from a French word that means "to act on behalf of another." Attorney is an abbreviation for the professional title "attorney at law."A jury trial, often known as a trial by jury, is a legal proceeding in which a jury makes a decision or factual findings. It differs from a bench trial in which all judgments are made by a single judge or panel of judges.In many, but not all, common law judicial systems, jury trials are utilized in a considerable proportion of important criminal cases. The majority of Asian common law nations have abolished jury trials on the basis that juries are biased.Thus this is the meaning of Jury trial.
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Answer: the prosecutor
Explanation: i just took the quiz
Which of the following income and expense items is NOT recorded initially directly in equity?
A. The impairment of goodwill in accordance with IAS 36 Impairment of Assets, where the entity is confident that the factors giving rise to the impairment will reverse in a future period.
B. An increase in the fair values of land & buildings, where the revaluation method is used to account for land & buildings in accordance with IAS 16 Property, Plant & Equipment.
C. A change in the fair value of an investment in another entity, which is classified as an available-for-sale financial asset in accordance with IAS 39 Financial Instruments: Recognition & Measurement.
D. Foreign currency translation adjustments arising on the translation of a foreign operations financial statements from their functional currency in accordance with IAS 21 The Effects of Changes in Foreign Exchange Rates.
Answers
The income and expense items that is NOT recorded initially directly in equity is A. The impairment of goodwill in accordance with IAS 36 Impairment of Assets, where the entity is confident that the factors giving rise to the impairment will reverse in a future period.
What is equity?Equity can be regarded as the ownership interest in property which can be used in the offset by debts or other liabilities.
It should be noted that there are some of the income and expense items which is been recorded in this , this can be increase in the fair values of land & buildingsas well as others.
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After changes to the copyright law in 1978, for how long is intellectual property protected?
A.
the lifetime of the artist plus 70 years
B.
100 years
C.
for the lifetime of the artist
D.
in perpetuity
Answers
The two steps to implementing a marketing concept are to ______.
-determine the customers needs and design an advertisement
-identify the target market and create a marketing mix
-develop a new product and plan the budget
-assemble a marketing team and plan a sales promotion
Answers
The two steps to implementing a marketing concept are to identify the target market and create a marketing mix. Thus the correct answer is B.
What is marketing?Marketing refers to a technique that consists of selling and promoting of products to increase the sells and maximize profit. This marketing can be done as advertising which helps in creating awareness among customers.
The marketing concept is a tactic that businesses use to meet client wants, boost sales, maximize profits, and outperform rival businesses.This plays important role in attracting customers.
The marketing concept can only be implemented after identify the target market on which the products is focused and then create a market mix based on the evaluation.
Therefore, option B is appropriate.
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Lunar coast Incorporated issued BBB bonds two years ago that provided a yield to maturity of 12.5 percent. Long-term risk-free government bonds were yielding 8.5 percent at that time. The current risk premium on BBB bonds versus government bonds is half of what it was two years ago. If the risk free long-term government bonds are currently yielding 7.8 percent, then at what rate should Lunar coast expect to issue new bonds?
Answers
Answer:
9.8%
Explanation:
Calculation to determine the what rate should Lunar coast expect to issue new bonds
First step is to calculate the previous risk premium, RPBBB
RP BBB= 12.5% - 8.5%
RP BBB= 4%
Second step is to calculate the previous risk premium new RP BBB:
New RP BBB= 4%/2
New RP BBB= 2%.
Now let calculate the new YTM on BBB bonds: YTM BBB= 7.8% + 2%
YTM BBB= 9.8%
Therefore The rate that that Lunar coast should expect to issue new bonds is 9.8%
The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Answers
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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All of the current year's entries for Zimmerman Company have been made, except the following adjusting entries. The company's annual accounting year ends on December 31
On September 1 of the current year, Zimmerman collected six months' rent of $8,520 on storage space. At that date, Zimmerman debited Cash and credited Unearned Rent Revenue for $8,520.
On October 1 of the current year, the company borrowed $13,200 from a local bank and signed a one-year, 12 percent note for that amount. The principal and interest are payable on the maturity date.
Depreciation of $3,000 must be recognized on a service truck purchased in July of the current year at a cost of $24,000.
Cash of $3,600 was collected on November of the current year, for services to be rendered evenly over the next year beginning on November 1 of the current year. Unearned Service Revenue was credited when the cash was received.
On November 1 of the current year, Zimmerman paid a one-year premium for property insurance, $9,960, for coverage starting on that date. Cash was credited and Prepaid Insurance was debited for this amount.
The company earned service revenue of $4,200 on a special job that was completed December 29 of the current year. Collection will be made during January of the next year. No entry has been recorded.
At December 31 of the current year, wages earned by employees totaled $13,700. The employees will be paid on the next payroll date in January of the next year.
On December 31 of the current year, the company estimated it owed $490 for this year's property taxes on land. The tax will be paid when the bill is received in January of next year.
2. Using the following headings, indicate the effect of each adjusting entry and the amount of the effect. Use + for increase, − for decrease. (Reminder: Assets = Liabilities + Stockholders’ Equity; Revenues – Expenses = Net Income; and Net Income accounts are closed to Retained Earnings, a part of Stockholders’ Equity.)
Answers
Answer:
1) adjusting entries
a. On September 1 of the current year, Zimmerman collected six months' rent of $8,520 on storage space. At that date, Zimmerman debited Cash and credited Unearned Rent Revenue for $8,520.
Dr Unearned rental revenue 5,500
Cr Rental revenue 5,500
b. On October 1 of the current year, the company borrowed $13,200 from a local bank and signed a one-year, 12 percent note for that amount. The principal and interest are payable on the maturity date.
Dr Interest expense 396
Cr Interest payable 396
c. Depreciation of $3,000 must be recognized on a service truck purchased in July of the current year at a cost of $24,000.
Dr Depreciation expense 3,000
Cr Accumulated depreciation 3,000
d. Cash of $3,600 was collected on November of the current year, for services to be rendered evenly over the next year beginning on November 1 of the current year. Unearned Service Revenue was credited when the cash was received.
Dr Unearned service revenue 600
Cr Service revenue 600
e. On November 1 of the current year, Zimmerman paid a one-year premium for property insurance, $9,960, for coverage starting on that date. Cash was credited and Prepaid Insurance was debited for this amount.
Dr Insurance expense 1,660
Cr Prepaid insurance 1,660
f. The company earned service revenue of $4,200 on a special job that was completed December 29 of the current year. Collection will be made during January of the next year. No entry has been recorded.
Dr Accounts receivable 4,200
Cr Service revenue 4,200
g. At December 31 of the current year, wages earned by employees totaled $13,700. The employees will be paid on the next payroll date in January of the next year.
Dr Wages expense 13,700
Cr Wages payable 13,700
h. On December 31 of the current year, the company estimated it owed $490 for this year's property taxes on land. The tax will be paid when the bill is received in January of next year.
Dr Property taxes expense 490
Cr Property taxes payable 490
2) Assets = Liabilities + Stockholders’ Revenues - Expenses = Net
Equity Income
a. na - + + na +
b. na - - na - -
c. - na - na - -
d. na - + + na +
e. - na - na - -
f. + na + + na +
g. na + - na - -
h. na + - na - -
Robert has set-up a start-up business. You have been appointed as an accountant for his business. Prepare journal entries for the following
transactions
1. On January 1, 2015, Robert invested $50,000 in his business.
2. On January 4, 2015, Robert bought a laptop for $2,800 for business use.
3. On January 20, 2015, Robert received $13,000 for services rendered.
4. On January 23, 2015, Robert paid salaries to his staff for $3,500
Answers
Answer:
On January 1, 2015, Robert invested $50,000 in his business.
Date Account Debit Credit
January 1, 2015 Cash
50,000
January 1, 2015 Cash
50,000
On January 4, 2015, Robert bought a laptop for $2,800 for business use.
Date Account Debit Credit
January 4, 2015 Office Computer
2,800
January 4, 2015 Cash
2,800
On January 20, 2015, Robert received $13,000 for services rendered.
Date Account Debit Credit
January 20, 2015 Cash
13,000
January 20, 2015 Revenue
13,000
On January 23, 2015, Robert paid salaries to his staff for $3,500.
Date Account Debit Credit
January 23, 2015 Salaries
3,500
January 23, 2015 Cash
3,500
Explanation:
Do you think GDP is the best indicator to measure the living standard of a country? Justify your answer (4 marks)
Answers
Explanation:
GDP is an indicator of a society's standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology,
GDP is an accurate indicator of the size of an economy and the GDP growth rate is probably the single best indicator of economic growth, while GDP per capita has a close correlation with the trend in living standards over time.
An online shopping website sold many email addresses in its database to another firm for a large sum of money. The new firm now has access to data of several customers and can use them to increase its sales. What does the selling of user data highlight?
A.
violating user privacy
B.
cleansing data
C.
classifying customers
D.
applying direct marketing
E.
using multiple data sources
Answers
Answer:
A.) violating user policy
Which two of these are essential for completing an initial mortgage loan application?
Answers
The two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.
The following information should be considered:
The above two things should be important as it helps in determining the loan amount & credit history for determining the credit score. Also, the insurance money & money in the saving account should not be important also the income proof is required at a later stage for the loan security.Therefore we can conclude that the two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.
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The first two steps of the accounting cycle are:
A. Journalize and Post
B. Journalize and Trial Balance
C. Post and Trial Balance
Answers
Answer:
A. Journalize and Post
Explanation:
In accounting Journalize refers to the act of recording the transactions that occurred in your operation to your financial record. Depending on the size of the business, journalizing process might be different. Small scale businesses can get by with written record while larger businesses usually need proper computerizations.
Posting is the second step after the journalizing process. More specifically, posting journal entries to the accounts in the ledger. This will show each accounts that the company possess along with the value of each accounts.
Identify where the cash flow effect of each of the following transactions is reported in the statement of cash flows: operating, investing, or financing section. State the direction of each change. State None if there is no cash flow effect
Answers
Question Completion:
a. Issuance of Stock for cash
b. Issuance of stock for land
c. Acquisition of treasury stock
d. Reissuance of treasury stock
e. Declaration of cash dividend
f. Payment of cash dividend previously declared
g. Declaration of issuance of a large stock dividend
h. Declaration of issuance of a small stock dividend
i. Granting stock options
j. Exercise of stock options
k. Granting of RSUs
l. Issuance of long-term notes payable
m. Issuance of convertible bonds
n. Conversion of convertible bonds to common stock
o. Payment of interest on bonds
p. Retirement of bonds at book value
q. Retirement of bonds at a gain
r. Retirement of bonds at a loss
Answer:
Identification of the cash flow effect and direction of each transaction reported in the statement of cash flows: operating, investing, or financing section: Cash Flows Effects
None Operating Investing Financing
a. Issuance of Stock for cash Increase
b. Issuance of stock for land None
c. Acquisition of treasury stock Decrease
d. Reissuance of treasury stock Increase
e. Declaration of cash dividend None
f. Payment of cash dividend Decrease
previously declared
g. Declaration of issuance of a
large stock dividend None
h. Declaration of issuance of a
small stock dividend None
i. Granting stock options None
j. Exercise of stock options Increase Increase
k. Granting of RSUs None
l. Issuance of long-term notes
payable Increase
m. Issuance of convertible bonds Increase
n. Conversion of convertible
bonds to common stock None
o. Payment of interest on bonds Decrease
p. Retirement of bonds at book value Decrease
q. Retirement of bonds at a gain Increase
r. Retirement of bonds at a loss Decrease
Explanation:
There is no investing activity on the list. The exercise of stock options increases the cash flow from financing, with some tax benefits reflecting on the operating cash flows. Under US GAAP, interest paid out on bonds is considered an operating cash outflow, while IFRS welcomes its treatment under either operating or financing cash outflow. Many activities do not have any cash flow effects, and these are reported as "None."
Work with a partner. An art collector buys two paintings. The value of each painting after t years is y dollars. Complete each table. Compare the values of the two paintings. Which painting's value has a constant growth rate? Which painting's value has an increasing growth rate? Explain your reasoning.
Answers
In general, if a painting's value increases by the same amount each year, it may have a stable growth rate, or if it increases by a bigger amount each year, it may have an increasing growth rate.
How can you compare exponential and linear functions?Review: linear growth. For both linear and exponential relationships, the y-values change in several ways when the x-values increase by a specific amount: In a linear relationship, the difference between the y-values is equal. The y-values have equal ratios in an exponential relationship.
How are the pictures created?It can be done using nearly any medium, including painting, photography, sculpture, and others. In addition to making portraits for clients, some painters also do it merely for artistic purposes.
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What is financing?.
Answers
What causes sudden infant death
Answers
SIDS, unintentional suffocation while sleeping, and other sudden, unforeseen newborn deaths are examples of abrupt, unexpected infant fatalities.
Although the exact etiology of SIDS is unidentified, many physicians and researchers think that it is related to issues with the baby's capacity to wake up from sleep, to recognize low oxygen levels, or to identify an increase of carbon dioxide in the blood. Toddlers that sleep with their faces downward may breathe in their own carbon dioxide. Despite a newborn's risk of SIDS is reduced if they sleep in the same room as their parents, that risk rises if they share a bed with their parents, or siblings.
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1. When talking about personal finances, always remember that you will either manage
your money or the lack of it will
Answers
It is correct to say that when talking about personal finance, always remember that you will manage your money or the lack of it, this being an essential topic for better control of your expenses and income.
How to increase control over your income and expenses?You can develop a personal budget, which is a simple and easy-to-do technique, where all your personal accounts for a period are exposed, whose objective is to increase understanding about your finances, your needs and allocation of resources for your goals.
Therefore, financial education is a topic that should be more instituted in schools and social institutions, to provide greater subsidies for individuals to understand how to balance their finances to increase their quality of life and avoid indebtedness.
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Your company is considering expanding its retail outlet. Currently, inventory levels are $5,000. With the expansion, it is expected that inventory levels will need to be $9,500. It is expected that accounts receivable will increase by $4,000 and account payable will decrease by $10,000. The expansion of the building will cost $120,000. What change in net working capital is this expansion causing
Answers
Answer:
Change is net working capital is -$18,500(use of cash)
Explanation:
Due to the expansion inventory would increase by $4,500 ($9,500-$5,000)
Accounts receivable would also increase by $4,000 over its previous amount.
Accounts payable would reduce by $10,000 as compared to previous balance of accounts payable
The change in net working capital=$4,500+$4,000+$10,000=$18,500
This is a use of cash not a source of cash inflow
When it comes to investing, what are you most comfortable with?
High risk - High reward
Medium risk - Medium reward
Low risk - Low reward
Answers
Answer:
medium risk for the average person. depends on assets that company/person has
Explanation:
Having the skill to coordinate different people and different tasks to work towards one goal is necessary for one of the following positions.
A: Secretary
B: Engineer
C: Manager
Answers
Answer:
C. Manager
Explanation:
Makes the most sense to me. You have to know how to deal with people and assign tasks to get the job done. Sounds like every manager i know.
Pretend you are a writer for a large public-relations firm. You have just been given a new assignment to write a biography for a new Web site promoting a famous hairstylist. Write a detailed biography in which you talk about the early life of this cosmetology professional who has risen to the top of his or her game. Be sure to include details about steps on his or her career path. If the hairstylist has a chain of salons or a line of hair products, be sure to talk about them. The biography should highlight what is special about this professional's style and how he or she has influenced the hairstyling industry. If you don't know where to start, here are five names of famous hairstylists: Horst Rechelbacher, Paul Mitchell, Vidal Sassoon, Trevor Sorbie, and Tabatha Coffey. You can use one of these hairstylists or research one of your own choice.
Answers
A detailed biography about the early life of the cosmetology professional, Vidal Sassoon.
Introducing the legendary hairstylist, Vidal Sassoon – a true icon in the world of cosmetology. Born on January 17, 1928, in London, England, Vidal Sassoon's early life was marked by resilience and a passion for hairdressing.
As a young boy, he found solace in his local barbershop, observing the meticulous techniques of the stylists with awe. Recognizing his artistic talents, Vidal embarked on a journey that would revolutionize the hairstyling industry.
After an apprenticeship at a prestigious Mayfair salon, Vidal Sassoon honed his skills and set out on his own path. In the early 1960s, he introduced the groundbreaking "wash and wear" haircut, which broke away from the traditional, labor-intensive styles of the time. This revolutionary concept, emphasizing low-maintenance and natural movement, propelled him to international acclaim.
Vidal Sassoon's innovative vision led him to establish a chain of highly successful salons, scattered across major cities worldwide. These salons became meccas for style-seekers, attracting celebrities, influencers, and everyday individuals seeking the perfect cut.
Vidal's commitment to education and training also saw the creation of the Vidal Sassoon Academy, where aspiring stylists could learn his techniques firsthand.
Moreover, Vidal Sassoon's influence extended beyond salons. He launched a line of signature hair care products that embodied his philosophy of simplicity and excellence. These products quickly gained popularity for their exceptional quality and ability to deliver professional results, further solidifying his brand's reputation.
Vidal Sassoon's impact on the hairstyling industry cannot be overstated. His visionary approach transformed the art of hairdressing, redefining it as an expression of individuality and self-confidence. His geometric precision, mastery of shape, and architectural designs became the cornerstone of modern hairstyling.
Vidal's distinctive style, coupled with his unwavering dedication to innovation, has left an indelible mark on generations of hairstylists, inspiring them to push boundaries and embrace creativity.
Today, Vidal Sassoon's legacy lives on, celebrated as an enduring icon in the world of cosmetology. His profound influence and contributions continue to shape the industry, reminding us that beauty is not just about aesthetics but also about empowering individuals to embrace their unique identity through the artistry of hairstyling.
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