Jason and Larissa Would Like to Accumulate Three Times Their

question 96

Multiple Choice

Jason and Larissa would like to accumulate three times their monthly expenses in monetary assets.They currently have $2,800 in their money market account,and their monthly expenses are $4,500.How much more do they need in their money market account to reach their goal?

• A)$13,500
• B)$3,900
• C)$10,700
• D)$1,700

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Definitions:

DMAIC

Stands for Define, Measure, Analyze, Improve, and Control; a systematic, data-driven methodology used in Six Sigma projects to improve processes.

Lean

A systematic approach to identifying and eliminating waste through continuous improvement, promoting efficiency and effectiveness in processes.

Maximizing Profitability

Strategies and practices focused on increasing the difference between revenue and expenses to achieve the highest possible profit.

Minimizing Waste

refers to the practices and processes aimed at reducing the amount of waste produced by a company, enhancing efficiency and sustainability.