Answers
Answer: PLease see answer below
Explanation:
Date Account title and explanation Debit Credit
Dec 31 Interest receivable $168
2021 Interest revenue $168
Calculation
Interest =Principal x time x rate
= 7,200 x 8% x 3.5 /12(15th september to 31st December)
=$168
Related Questions
Let’s say Bob wants to offer an insurance package to his employees that will cover any outpatient surgery charges, tooth sealants, and glasses. His total annual cost for providing these insurance plans will be $
per employee for the year.
Let’s assume that Schmidt wants to cover his employees’ expenses in case of disability. He also wants to ensure that the family of an employee is provided for in the event of an employee’s loss of life. The total annual cost for providing these insurance plans will be $
per employee.
Answers
Answer: its 480$ per person
Explanation:
just got 100
Ronald is trying to pay down his student loan debt as quickly as possible, so he decides not to purchase disability insurance and uses that money toward debt repayment instead. Ronald has had a bad skiing accident, and doctors anticipate he won’t be able to work again for six to nine months. Can he enroll in short-term disability insurance tomorrow and file the claim? Why or why not?
Answers
Ronald can enroll in short-term disability insurance tomorrow and file the claim.
Short-term disability insurance is intended to cover you for a short period of time following an illness or injury that keeps you out of work. Given, that Ronald met an accident and doctors anticipated that he won't be able to work for six to nine months. He is eligible for the Short-term disability insurance because according to the rules of Short-term disability insurance average time to use its benefits is 3, 6 or 12 months, and Ronald comes under the same period.
Hence, Ronaldo is eligible for Short-term disability insurance and file claiming.
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What is the purpose of consumer-advocacy groups?
to enforce consumer-protection regulations
to lobby the government for lower taxes
to promote the interest of consumers
to provide essential social services
Answers
To promote the interest of consumers is the purpose of consumer-advocacy groups. Actions performed by people or organizations to advance and defend the interests of the buying public are referred to as consumer advocacy.
Most countries have implemented legislation to safeguard customers against unsafe or subpar craftsmanship, dishonest sales tactics, and deceptive advertising. Consumer advocacy, movements, or laws that protect consumers' interests by regulating the goods, services, practices, and expectations of producers, merchants, and advertising.
Protecting the interests of the consumer or buyer is the goal of consumer advocacy groups. These organizations use a variety of tactics to expose companies that engage in unfair business practices or sell dangerous goods. These tactics include litigation, letter-writing campaigns, boycotts, and public relations. The Consumer Federation of America, which has 220 member groups, is the biggest consumer advocacy organisation in the United States.
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At the end of the car model year, what source of financing for a new car would probably have the best terms? Select only one answer.
1.) a collateral loan from a bank
2.) a collateral loan from the car company
3.) a home equity loan
4.) revolving credit line
Answers
The source of financing for a new car would probably have the best terms is a collateral loan from a bank. Thus, option first is correct.
Why do lenders ask for collateral while lending?Collateral is an asset or kind of tangible wealth owned by the borrower, such as a home, cattle, or automobile. Banks make loans to borrowers on the basis of these assets. The collateral acts as a kind of security for the lender.
Banks are one of the most common forms of automobile finance, with around 40% of all car purchasers obtaining a loan from them. Because each bank analyzes risk differently, interest rates might vary significantly.
A bank collateral loan would most likely offer the finest conditions for financing a new automobile. As a result, option one is correct.
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A trial balance may an prove that debits credits are but equal, but an amount could be entered in the wrong account. a transaction could have been entered twice. a transaction could have been omitted all of these answer choices are correct. How do these prepaid expenses expire? Rent Supplies Through use and consumption Through use and consumption Through use and consumption With the passage of time With the passage of time With the passage of time with the passage of time Through use and consumption
Answers
Prepaid expenses expire through use and consumption, meaning that as the goods or services for which the expenses were incurred are used or consumed, the prepaid expense is depleted.
For instance, if a business pays the rent six months in advance, the expense for the prepaid rent will go down each month until it is used up completely.
Similar to how pre-paid insurance premiums diminish when they are utilized to cover claims or other expenses, pre-paid supplies will be consumed as they are used in the production process.
Companies can better manage their cash flow and make sure that their financial statements are correct by being aware of how prepaid expenses expire.
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
Answers
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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Problem found with in the agriculture sectors and the solution
Answers
Answer:
There are many problems in agriculture sector some of them are as follows:
Explanation:
1: Not gaining appropriate output after harvesting .
2: Lack of influence .
3: Limitations of new technologies .
As there are problems there are also definitely it's solutions .Some of them are as follows:
1: Providinng loan for farmers in low interest.
2: influencing farmers for agriculture .
3: Providing them new technologies in low cost .
purchased goods of rs 40000 journal entries
Answers
The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.
How to enter the journal ?The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.
Date Account title Debit Credit
XX -XXXX Purchases Rs. 40, 000
Accounts payable Rs. 40, 000
This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.
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You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accounts based on the chart of accounts in your resources section. Within that balance the following transactions are listed:
$420 Office Supplies
$334 Auto (company van payment)
$1500 123 Computers to Go
$250 Electric Company
$100 Water
$150 Good Steak House (company luncheon)
$250 ABC Office Supplies
$100 Fuel Stop
$650 Furniture
Answers
Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.
What is Accounting?Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.
T Accounts should be made as follows.
Assets
DR $1500 Computers
DR $650 Furniture
DR $334 Van Payment
Expenses
DR $420 Office Supplies
DR $250 Electric Company
DR $100 Water
DR $250 Office Supplies
Petty Expenses
DR $150 Steak House
DR $100 Fuel Stop
The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.
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A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
Answers
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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The most accurate and encompassing description of globalization is expressed as "the expanding cultural, political, and economic connections between people _____________."
Select the correct answer below:
on the internet
around the country
around the world
with different economic incentives
Answers
According to Benjamin Lang what is the hardest thing about being an entrepreneur
Answers
Answer:
Benjamin Lang was just 14 years when he decided to become his own business and hence become an entrepreneur. And he soon realized that the biggest challenge in front of him was to win the trust of the clients. And that requires a complete sacrifice plus the best level of skills to tackle the real world and project requirements. It's not that easy to win the trust of the clients. You need to work quite hard to show through your performances that you can fulfill any of the client's requirements, and only then you will be able to ensure that clients trust you, and you end up being a successful entrepreneur.
Explanation:
Benjamin Lang was only 14 when he decided to start his own business and thus became an entrepreneur.
Who is Benjamin Lang?Ben Lang is an 18-year-old online businessman whose journey began at the age of 14 when he started his eBay business.
Ben Lang soon realized that the biggest challenge before him was gaining customer trust.
And that requires total sacrifice and the best level of skills to deal with the real world and the needs of the project. It is not so easy to gain the trust of clients.
An entrepreneur needs to work hard to show by your actions and meet any client's needs and only then can ensure that clients trust you, and you end up being a successful entrepreneur.
Thus, these are lessons learned by Benjamin Lang in the stages of becoming a successful entrepreneur.
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Assume that one year ago, you bought 140 shares of a mutual fund for $18 per share and that you received an income dividend of
$0.14 cents per share and a capital gain distribution of $0.23 cents per share during the past 12 months. Also assume the market value
of the fund is now $22 a share. Calculate the total return for this investment if you were to sell it now. (Negative amount should be
indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answers
The return investment is -$508.20 is the required answer for the given question.
What is Capital Gains Distribution?A mutual fund or exchange-traded fund (ETF) will pay a percentage of the profits from the sales of stocks as well as other assets from its portfolio as a capital gains distribution. It indicates the investor's proportionate part of the fund's sales.
Income dividends = Income distribution per share × Number of shares
= $0.14 × 140
= $19.60
Capital gain distributions = Distribution per share × Number of shares
= $0.23 × 140
= $32.20
Change in market value = Sales price - Purchase price
= (Sales price per share - Purchase price per share) × Number of shares
= ($18 - 22) × 140
= -$560
Total return = Income dividends + Capital gains distributions + Change in market value
= $19.60 + $32.20 - $560
= -$508.20
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What form of capital can eskom obtain
Answers
Eskom can obtain basically two major types of capital. They include the following.
equitydebtThese two forms of capital are very crucial in the financial sector of the company. It is important to note that both capital and debt are equally relevant to the government because the government is the primary shareholder and Eskom depends hugely on the support it gets from the government. this support may be in the form of loans or equity or guarantees.
What is Equity?Equity is a financial terminology that describes the ownership of assets that may have debts or other liabilities attached to them.
To ascertain equity in accounting, you have to subtract the liabilities from the value of the assets.
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The language used in texting is acceptable in business writing. True or false
Answers
Answer: The answer is generally false.
in this exercise, you will identify communication practices that are associated with high uncertainty avoidance and low uncertainty avoidance.
Answers
Teachers are seen as having all the answers in cultures where uncertainty avoidance is high, and learning is structured. Teachers are not necessarily viewed as all knowing in cultures with low uncertainty avoidance, and learning is more open-minded and less focused on facts.
Avoidance of low uncertainty Cultures accept and feel at ease in unstructured situations or changing environments, and they strive to have as few rules as possible. People in these cultures are more pragmatic and adaptable to change.
We found that uncertainty avoidance had a consistent and distinct effect on the use of and response to messages expressing legitimacy and formality, and that, when preferred, such behaviour resulted in higher levels of interpersonal alignment.
People in cultures with a high level of uncertainty avoidance try to minimise the occurrence of unknown and unusual circumstances by planning and implementing rules, laws, and regulations.
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complete question:- Uncertainty Avoidance and Communication Patterns In this exercise, you will identify communication practices that are associated with high uncertainty avoidance and low uncertainty avoidance.
Maintaining a what of all data allows tracking changes
Answers
Answer:
A database maybe ?
Explanation:
1. Billy’s Hamburger Barn has a single drive-up window.
Currently, there is one attendant at the window who takes
the order (30–40 seconds), gathers up the food and bags
it (30–120 seconds), and then takes the customer’s money
(30–40 seconds) before handing the food to the customer.
a. (**) Map the current process. What is the minimum
cycle time? The longest cycle time?
b. (***) Suppose Billy’s Hamburger Barn redesigns the
process described in problem 11 so there are now two
attendants. The first attendant takes the order. Once
this step is finished, the first attendant then takes the
money, and the second one gathers up and bags the
food. If two of the process steps can now run in parallel (gathering the food and taking the money), what
is the new minimum cycle time? What is the longest
cycle time? What potential problems could arise by
splitting the process across two individuals?
Answers
Billy’s Hamburger Barn has a single drive-up window. Currently, there is one attendant at the window who takes
1 minute 40 seconds is the bare minimum cycle time.
2 minutes and 35 seconds is the longest cycle time.
1 minute and 15 seconds is the new minimum cycle.
2 minutes is the new longest cycle time.
The potential issue with separating the procedure is that once the consumer has finished paying, they will likely have to wait for the second attendant to finish packaging for between 30 and 55 seconds, which will result in a backlog.
Making sure that collecting payment and packaging take equal amounts of time could address the issue.
Cycle time minimum: 20 + 55 + 25 = 100
= 1 minute and 40 seconds
The longest cycle time was 2 minutes and 35 seconds, or 30 minutes, 90 minutes, 35 minutes, and 155 minutes.
The new minimum cycle time is 20+55=75 seconds, or one minute and 15 seconds.
In the first 35 seconds of the preceding 55 seconds, money from customers was also taken.
The new longest cycle time is 30 + 90 + 120 = 2 minutes.
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Sunland company is considering buying a machine for $420000
Answers
If Sunland Company is considering buying a machine for $240,000 with an estimated life of ten years and no salvage value. The cash payback period on this investment is: c. 8 years.
How to find the Cash payback periodFirst step is to calculate the depreciation using this formula
Depreciation = Cost of assets - Salvage value / Useful life of assets
Depreciation = $240,000 - $0/10
Depreciation = $240,000/10
Depreciation =$24000
Second is to find the cash flow
Cash flow = Net income +Depreciation
Cash flow =$6000+ $24,000
Cash flow = $30,000
Third step is to find the cash payback period on this investment
Cash payback period = Cost of assets / Cash flow
Cash payback period =$240,000/$30,000
Cash payback period =8 years
Therefore the correct option is C.
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The complete question is:
Sunland Company is considering buying a machine for $240,000 with an estimated life of ten years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $6,000 each year. The cash payback period on this investment is
a. 20 years
b. 10 years
c. 8 years
d. 4 years
For most consumers, term life insurance is considered to be the:
O worst option
O same cost as term
O most expensive
O best value
Answers
For most consumers, the term life insurance is considered to be worst option.
What is a term life insurance?A sort of death benefit that pays the policyholder's heirs over a predetermined length of time is term life insurance, commonly referred to as pure life insurance. The owner of the term life insurance policy has three options after the term has ended: renewing it for a new term, changing it to permanent protection, or letting the policy lapse. The premium for term life insurance is established by the insurance provider based on the value of the policy (the payout amount), as well as your age, gender, and general health. A medical examination could be necessary in several situations. Your driving history, current medications, whether you smoke, your work, your hobbies, and your family history may all be requested by the insurance provider.
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Record the entry to close the income summary assuming the partners agree to use plan c and net income is $460,500
Answers
The entry is record in book as
Date Particular L.F. Dr. Amt. Cr. Amt.
Income summary a/c $460,500
To Mo a/c $69,300
To Lu a/c $269,500
To Barb a/c $431,200
What is net income?
The total amount of firm profit after deducting all taxes, costs, and interest is referred to as "net income."
Particulars Mo Lu Barb
Capital invested $69,300 $269,500 $431,200
Profit sharing ratio 20/100 40/100 40/100
Profit ($460,500) 92100 184200 184200
As a result, Mo is 92100; Lu is 184200; Barb is 184200 as profit.
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g If James's marginal and average costs is $8, and his firm is in a perfectly competitive industry, James's price is $_____ less than if the firm is a monopoly.
Answers
Answer:
James's price is $4 less than if the firm is a monopoly. A further explanation is given below.
Explanation:
Marginal income should have been equivalent to the marginal cost expenses as there was a Monopoly. The marginal price is calculated at 8 dollars. That being said, marginal income is declining.
It costs $15 for maybe the first unit,$13 for its second unit, $11 for the third unit, $9 only for the fourth unit, $7 for the fifth unit.When making the 4th unit, no marginal income as well as marginal cost becomes nearest. It, therefore, means that, as it generates 4 units, the Monopoly price would have been $12. Whether it is a reasonably open market, the cost should always be equivalent to marginal revenue, meaning $8 would be the price.
CSelect the items from this list that are examples of misconceptions.
A high school student is too young to have a budget.
A bank is not a safe place to keep your money.
Buy stock before you have a steady income.
After high school, there is no need to become more educated.
Save your money as soon as you have a full-time job.re the deadline.
Answers
D- there’s is more to learn outside of high school for many careers
probably B too but i’m not sure
Wat is the main advantage of using The Sentence Method
Answers
Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean won to be received on January 15, 2022. The following exchange rates applied:
Date Spot Rate Forward Rate to Jan.15
December 16, 2021 $ 0.00082 $ 0.00089
December 31, 2021 0.00080 0.00083
January 15, 2022 0.00086 0.00086
Assuming a forward contract was entered into, the foreign currency was originally sold in the foreign currency market on December 16, 2021 at a:
Answers
Answer:
The correct option is (b)
Explanation:
According to the scenario, the foreign currency that original sold at the market is shown below:
= (Forward rate to Jan 15 - Spot rate) × paymen made
= ($0.00089 - $0.00082 ) × 20 million
= $0.00007 × 20,000,000
= $1,400 premium
hence, the foreign currency that originally sold at the market is $1,400 premium
Therefore the correct option is (b)
$50 an hour is a
A salary
B commission
C wage
D pension
Answers
Answer: C.) Wage
Explanation: A salary is a set cost that is due to you over an agreed amount of time. A commission is a percentage that you get from the original cost. A wage is the income one makes daily, or per hour. A pension is the gradual amount of money being added up during the years one works. Therefore, $50 an hour is a wage.
I hope this helped!
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Which one of the following data is continuous
Answers
Option D. All of the data points listed represent continuous data.
Continuous data is a type of data that has a limitless number of possibilities within a certain range. It is an unbroken set of data that can take any value and, as a result, cannot be counted. Continuous data are expressed as numerical values that can be measured. In contrast, discrete data is a type of data that only has a finite number of values within a specific range. Discrete data are expressed in whole numbers, which can be counted.
The number of musicians performing on the MP3 file, the time remaining for an MP3 music download, and the number of times the file has been downloaded are all examples of continuous data. All of these data points are continuous, and as such, they can be measured. For instance, the number of musicians performing on an MP3 file can be any value from 0 to infinity. The time remaining for an MP3 download can be any amount of time, from a few seconds to several hours. Similarly, the number of times a file has been downloaded can be any value from 0 to infinity.
In conclusion, all of the data points listed represent continuous data. This means that they are unbroken sets of data that can take any value within a certain range, and as such, they can be measured. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
Which one of the following data is continuous
A. The number of musicians performing on the MP3 file
B. The time remaining for an MP3 music download
C. The number of times the file has been downloaded
D. All of these represent continuous data
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Promotion is defined as a business activity that does not encourage the sale of a product or service.
True
False
Answers
Answer:
False
Explanation:
Promotion is promoting a product or service so that someone can buy it.
John has two hours before having to go to his part-time job. He is deciding between studying for a math exam and taking a nap. If John chooses to take a nap, the opportunity cost of his
decision is
a. the rest he is getting
b. the score he will eam on the math exam
c. the wages from his part-time job
d. all of the above
Answers
Answer:
D: All of the above
Explanation:
All of the above due to all of these things being affected by this decision
finance and financial planning professionals have to work with clients on a (what) basis?
monthly
daily
weekly or
rare
Answers
Monthly customer interaction is necessary for those in finance and financial planning. As a result, choice (A) is right.
According to common use, a financial planning is a thorough assessment of a person's present financial situation and anticipated future financial status that uses current known variables to forecast future earnings, asset values, and withdrawal schedules.
A budget that organizes a person's finances is frequently included in this, as well as perhaps a list of actions or precise objectives for interaction future spending and saving.
This plan divides up future income into several categories of costs, such rent or utilities, while also setting aside a portion for both short- and long-term savings.
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