When you are creating a budget, should you use your gross pay or net pay? explain your reasoning.
Answers
Use your net salary rather than your gross pay, which is the sum you are paid after all applicable deductions. Utilize only trustworthy and consistent income. Rent, mortgage payments, and auto payments are examples of fixed expenses that frequently have contracts and are consistent from month to month.
You should decide whether to use your gross or net income when creating a budget before you start. Depending on the budgeting tool you choose, this will change. Some people may advise you to start by listing your gross income, followed by line items for taxes and deductions as costs. Others might request that you begin with your net salary. To avoid duplicate counting a cost in your budget (such health insurance payments that may have already been taken out of your pay), start with your net pay.
When creating a general monthly budget, choosing which revenue figure to use is a pretty small detail because your budget tool will provide guidance, or if you choose to budget manually, you can decide which method is best for you.
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Related Questions
1. Use a real-life example to describe the following allocation methods. Hint: Use family, friends, teams, church, and/or clubs for examples.
Brute Force
Market
Queuing
Random Selection
Tradition
Equal Shares
Need
Planned
Answers
A real-life example of the concepts are:
Brute force: The use of different numbers, trying to win the lottery.
Market: The buying and selling of ice cream at backyard sales.
Queuing: Standing in line to pay for goods at a mall
What is Queuing?This refers to the standing in line by a group of people in order to access a particular service.
Hence, we can see that the other answers are:
Random selection: Picking one person out of four persons, through the throw of a die.
Tradition: Going to camp every year between father and son.
Equal Shares: The allocation of the same amount of food in a family
Need: The purchase of food in order to continue living.
Planned: A vacation to a foreign place that has been in the making for a long time.
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Chrome,Edge,Safari,and Firefox are all
Answers
Answer:
Web-browsers
Explanation:
Answer:
Search engines
Explanation:
Describe how a formal report is different from an informal report?
Answers
Answer:
Though the report may be several sections long, it is typically much shorter than a formal report. No contents page is included. Informal reports can even be formatted like a memo.
Explanation:
Answer: Informal reports are usually short, one to three pages, with no need for prefatory parts,are informational, include no or limited research,luse a direct approach an personal language. The formal report, however, is worded more objectively, focusing on the problem and the solution.
Explanation:
The principal aim of business firms in a market system is to maximize the__________.
Answers
In a market economy, a company's main goal is to maximize profits. Profit maximization is the process through which businesses attempt to generate the most profit feasible given the limitations they are subject to.
This entails figuring out the ideal output level and pricing scheme to maximize profits while reducing expenses. Profit maximization is not the only goal that firms have though. Growth in market share, brand recognition, customer happiness, social responsibility, and environmental sustainability are examples of other objectives. Depending on the particular company and sector, these objectives may or may not be given a particular priority. Yet, the majority of companies in a market economy still have profit as their primary goal.
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richard carlisle owned two acres of land. he sold one acre to andrew frick and reserveed an easement appurtemamt of ingress over fricks
Answers
Richard Carlisle owned two acres of land and sold one acre to Andrew Frick while reserving an easement appurtenant of ingress over Frick's property.
Richard Carlisle, the original landowner, possessed a total of two acres of land. At some point, he decided to sell one acre of his property to Andrew Frick. However, in the process of this sale, Carlisle made a specific reservation. He created an easement appurtenant of ingress, which means he retained the right to access the remaining portion of his land by crossing over Frick's property.
By reserving this easement appurtenant of ingress, Carlisle ensured that he maintained a legally enforceable right to enter and exit his land through Frick's property. This easement grants him the necessary access and passage over Frick's acre to reach his remaining acre of land. It is important to note that an easement appurtenant is a type of easement that is attached to the ownership of a specific piece of land, which means it transfers with the land even if the ownership changes. Therefore, regardless of any future transactions involving Frick's property, the easement appurtenant of ingress will remain in effect, allowing Carlisle to access his land conveniently.
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Which is NOT an indicator of a country's economic health?
A. GDP
B. standard of living
C. environmental awareness
D. inflation
Answers
Answer:
d
Explanation:
Do u think that the production employees should recieve the same fringe benefits and share of profits as a factory manager? Justify ur answer.pls
Answers
Answer:
No
Explanation:
Production employees don't do half as much work as the Factory manager
When moving from Point C to Point D on Nation X's PPF, the cost of 1 more Computer is ____ Agricultural products not produced. Enter your answer is the space provided below. Answer must accurate to one decimal For example, 1 should be entered as 1.0.
Answers
Answer:
more than
Explanation:
When moving from point C to D, the cost of computer will increase resulting in price of agriculture goods to be lower than computer. The price of agricultural good is not affected only price of computer is increased.
The steady growth line best supports which conclusion about the economy
represented in the graph?
The Business Cycle
Production output
h w
Time
A The economy never experiences significant periods of contraction
.
B. The economy does not display consistent patterns in its business
cycles
C. The economy improves steadily over several business cycleding
D. The economy has pronounced troughs but no clear peaks.
Answers
Answer is the letter C
The steady growth line indicates that the economy improves steadily over several business cycles.
Business cycle refers to the period whereby there is growth and decline in the economy of a nation and this can be measured through the gross domestic product of such economy.The four stages in the business cycle are the expansion, the peak period, the contraction period and the trough period. In the expansion period, there a relatively rapid growth.Based on the graph given, the steady growth lines shows that there was a steady improvement in the economy improves over the business cycles.In conclusion, the correct option is C.
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in designing a global distribution channel one may attempt to distribute the product through the largest number of different types of intermediaries and the largest number of individual intermediaries of each type. this is referred to as: group of answer choices exclusive distribution intensive distribution selective distribution normal distribution cross border distribution
Answers
Intensive distribution is the strategy of distributing a product through a large number of different types of intermediaries and individual intermediaries of each type. This approach aims to maximize product availability and market penetration, particularly for products with broad appeal.
In designing a global distribution channel, attempting to distribute the product through the largest number of different types of intermediaries and the largest number of individual intermediaries of each type is referred to as intensive distribution. Intensive distribution aims to make the product available in as many outlets as possible, maximizing its availability to the target market.
Intensive distribution is often used for products with mass appeal, where wide coverage and convenience are essential. It is commonly employed for fast-moving consumer goods like snacks, beverages, and toiletries.
By utilizing intensive distribution, companies can increase their market penetration and reach a larger customer base. This strategy involves partnering with various intermediaries such as wholesalers, retailers, and distributors, enabling the product to be easily accessible across multiple locations.
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Which of the following is NOT true about technology?
O It can improve productivity.
OIt can create new markets.
O It's always good for everyone.
It can reduce costs.
Answers
Answer:
it's always good for everyone
Explanation:
some people might get bullied online or get texts from creeps
what is subsistence farming
Answers
Best luck with your studying
explain the law of diminshing marginal utility with diagram?
Answers
Answer:
Draw graph.
Make DMU line
Draw line increasing until a peak.
Then Drop at same rate as increase.
Explanation:
Just like the law of Diminishing marginal returns, The Law of diminishing marginal utility will max out at a certain point. This point is usually where the firms payment, space, and other capabilities are maxed out at the moment.
why are some industries permitted to operate as natural monopolies instead of encouraging competition?
Answers
Natural monopolies are permitted whenever a firm could provide a good or service for much less money than that of any potential rival, although they are frequently very tightly controlled to safeguard consumers.
A monopoly is a market arrangement where one producer or dealer holds a disproportionate amount of influence within a certain market. Monopolies are forbidden in free-market countries as they limit customer alternatives and impede competition. A company that enjoys monopoly status lacking alternatives for its goods and faces little domestic rivalry. Monopolies have the ability to set prices and erect barriers to entrance for rival businesses.
Companies could become monopolies by consolidating their operations to control the entire supply chain from manufacturing to sales, or by buying rival businesses to become the only producer.
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by which process is the glucose absorbed
Answers
Glucose and galactose are absorbed across the apical membrane by secondary active transport (along with Na+) through the Sodium-Glucose cotransporter (SGLT1). Both glucose and galactose exit the cell via GLUT2 receptors across the basolateral membrane into the blood.
which of the following events should trigger a recalculation of the retirement needs analysis? item 1. marriage item 2. employment change item 3. change in fica rate item 4. significant income change
Answers
Marriage, Employment change, Significant income change, these events trigger a recalculation of the retirement.
What is retirement?When a person retires, they permanently depart the workforce.In the United States, the early retirement age is 62 and the full retirement age (when a person can receive all Social Security payments) is 67. (the earliest age someone can collect Social Security benefits).Historically, 65 was the retirement age, and most people live for 15 to 20 years after that (on average).How much you should save aside for retirement will partly rely on how long you plan to live in retirement and how much money you'll need per year to live comfortably.Any time there is a life change for the client, such as a marriage, divorce, birth, death, change in work and income, or change in health, the retirement needs analysis should be updated. Long-term retirement demands won't be impacted by brief changes in tax laws.To learn more about retirement, refer to
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how will you know if there was an error on your tax return and the irs has made a change??
Answers
Checking the status of your amended return using the Where's My Amended Return (WMAR) online tool will tell you error on your tax return and the irs has made a change
A tax return can be incorrect or incomplete in a variety of ways, from minor errors like forgetting to sign a form to significant ones like underreporting income or doing a credit calculation incorrectly. It might also happen as a result of various issues with electronic filing. A tax return is one or more documents that are filed to a taxation authority and contain information on incomes, expenses, and other significant tax information. Tax returns allow taxpayers the opportunity to ascertain their tax liability, schedule their tax payments, or request refunds for any overpaid taxes.
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4
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Lifelong Learning: Mastery Test
4
Select the correct answer.
Why do many organizations encourage their employees to be lifelong learners?
O A employees will be more able to handle increasing responsibilities
OB. employees will be more likely to follow company policies
OC employees will be more likely to remain loyal to the company
OD. employees will be more likely to interact well with each other
Reset
Next
Answers
Answer: A. employees will be more able to handle increasing responsibilities.
Explanation:
Lifelong learning refers to the ongoing pursuit of knowledge for personal or professional reasons. When a person is a lifelong learner, such person has a growth mindset and pushes himself or herself to find new ideas to solve challenges.
Several organizations encourage their employees to be lifelong learners in order for such employees to be able to handle increasing responsibilities. Some organizations send their employees to study some courses which will help in their growth and development and also to be able to handle certain responsibilities.
A whole supermarket shelf of snack food bags is marked, "Frito-Lay." This is an example of a(n)
brand.
a. co brand
b. individual
c private
d. wholesale
e. family
Answers
What is advertising??
Answers
Answer:
the activity or profession of producing advertisements for commercial products or services.
Explanation:
Answer:
the activity or profession of producing advertisements for commercial products or services.
"movie audiences are receptive to advertising"
advertisements collectively.
"despite being instructed to take the signs down, he says he has no intention of removing the advertising"
Explanation:
dvertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.
Carrie billed her legal clients $6,000 for legal work completed during the month. This
transaction will
not be recorded until the cash is collected.
O cause a $6,000 increase in assets and revenues.
cause a $6,000 increase in revenues and liabilities.
cause a $6,000 increase in revenues and a decrease in liabilities.
Answers
The fact that Carrie billed her legal clients an amount of $6,000 for legal work means that the transaction will cause a $6,000 increase in assets and revenues.
What is the effect of service revenue?When a person receives service revenue like Carrie did when she billed her clients, this would increase the revenue amounts to the company.
Revenues would therefore increase which means that equity increases as well because revenues are the main source of net income, which become retained earnings, which is an equity account.
When equity increases, assets will have to increase which will happen here because Carrie will treat her clients as Accounts receivable which is considered an asset.
In conclusion, option B is correct.
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Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan...
Answers
Answer:
Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.
Explanation:
Answer:
No, paying from a credit card is more preferable .
Explanation:
The borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan :
No, since the interest charged by her credit card will be less than the interest charged by the payday lender. Usually, the sum given to you by the payday loan specialist is as of now net of interest. So, in the event that you connected for an advance of $100, you may be given a sum less than $100 but you still need to pay for $100. The brief span of time the payday lender has, it charges the next interest than that of a credit card. You merely pay interest on your credit card once you have an exceptional adjustment at the conclusion of the month to month cut-off. On the off chance that you pay off the entire extraordinary sum inside the cut-off, no intrigued will be charged.Know more :
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Which of the following is an advantage of diversity in the workforce?
OA. Discrimination is increased.
B. Communication is easy.
OC. Teams are more productive.
D. Wages are always fair.
Answers
One advantage of diversity in the workforce is C. Teams are more productive.
What good thing does diversity at work bring?As a result of diversity in the workplace, there will be a flow of different ideas from various perspectives on how to handle things.
This would lead to more productivity as the best formulas from different cultures are applied to production to make it better.
In conclusion, an advantage of diversity in the workforce is teams are more productive.
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The closing of a post-interview thank-you note should remind the interviewer of the candidate's interest in the position and use the "you" attitude. Which is the best way to close the thank-you letter?
a.I am eager to become part of such an established and respected company and hope to hear from you soon.
b.I am certain that my contributions will improve Mercer's already excellent record and look forward to joining the staff soon.
c.Because I have interviewed at several other firms, I would appreciate hearing from you as soon as possible.
Answers
A. "I am eager to become part of such an established and respected company and hope to hear from you soon."
In a post-interview thank-you note, it is important to leave a positive impression and reiterate your interest in the position. Option a. accomplishes this by expressing eagerness to join the company and the hope to hear from the interviewer soon. It conveys enthusiasm and a desire to move forward in the hiring process. Option b. also expresses confidence in one's abilities but lacks the personalized touch of option a. Option c. brings up other interviews and may come across as pushy or desperate, which is not recommended.
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An earned education certificate track
after an individual has successfully
completed the necessary course
requirements for a particular field at a
community college
Answers
Sergio needs to reach his supervisor as soon as possible to make a decision about an important client who is threatening to take their business elsewhere if they do not get an immediate response. What is the MOST logical channel of communication for Sergio to use to contact his supervisor and why?
Answers
Answer: The most logical channel of communication for Sergio to use to contact his supervisor would be a phone call or an instant messaging service. This is because phone calls and instant messaging allow for immediate, real-time communication. Sergio needs to reach his supervisor as soon as possible to make a decision about an important client and these two channels of communication allow for the fastest and most direct form of communication. Email or text message may take longer for the supervisor to receive and respond to, which would not be ideal for Sergio's situation.
Explanation:
3. When you rely on other people too much, you could lose control of your life plan. Name
+
three ways in which you rely on other people to provide you with opportunities or resources. For
each answer, provide one way in which you can minimize your reliance on other people to reach
your career goals.
Answers
Answer:
First, a person must not depend on anyone in his work. A person must develop plans for his own development and the ability to do all his work on his own, but sometimes a person may be forced to use the help of others and this is not a mistake. We all need each other, but without using dependence as a permanent habit
What is a breakeven point ? explain the key financial ratios in
analyzing the business projections .
Answers
The break-even point is the level of sales or revenue at which a business neither makes a profit nor incurs a loss. Key financial ratios are gross profit margin, net profit margin, return on investment, current ratio.
Break even Point: It is the point where total revenue equals total costs. At the break-even point, a business covers all its expenses, both fixed and variable, but does not generate any profit. It is an important financial metric that helps businesses understand the minimum level of sales needed to cover their costs and start generating profits.
Key Financial Ratios in Analyzing Business Projections:
Gross Profit Margin: This ratio measures the profitability of a business by indicating the percentage of revenue that remains after deducting the cost of goods sold. It helps assess the efficiency of production and pricing strategies.Net Profit Margin: The net profit margin indicates the percentage of revenue that remains as net profit after deducting all expenses, including operating expenses, interest, and taxes. It provides insights into the overall profitability and efficiency of a business.Return on Investment (ROI): ROI measures the return generated on an investment relative to its cost. It helps assess the profitability and efficiency of an investment or project.Current Ratio: The current ratio compares a business's current assets to its current liabilities. It assesses the liquidity and short-term solvency of a business by indicating its ability to meet short-term obligations.Debt-to-Equity Ratio: This ratio compares a business's total debt to its shareholders' equity. It indicates the proportion of financing provided by creditors versus shareholders and helps assess the financial leverage and risk of a business.Return on Assets (ROA): ROA measures the efficiency of a business in generating profits relative to its total assets. It provides insights into the profitability and utilization of assets.Earnings Per Share (EPS): EPS indicates the amount of earnings attributable to each outstanding share of a company's common stock. It is an important indicator for shareholders and investors in assessing the profitability and value of a business.These key financial ratios are useful in analyzing business projections as they provide valuable insights into a company's financial performance, profitability, liquidity, solvency, and overall financial health. By analyzing these ratios, businesses can assess their strengths, weaknesses, and make informed decisions for future planning and growth.
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What are the three basic functions of money ?
Answers
Answer: Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
The three basic functions of money are store of value, unit of account, and medium of exchange.
What is money?The exchange of commodities and services is referred to as "money." The currency is the country's currency. Different countries use various currencies. Money is typically represented by paper notes and coins. When compared to the batter system, money is more convenient.
There are the three basic money functions such as medium of exchange to currency, it was the paper note into the monetary term. Money was the basic purpose of the buying and selling. It was the easily to the store and spend on as per the conveniently.
As a result, the significance of the three basic functions of money are the aforementioned.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply