You are putting together your first post-graduation budget. Your take-home pay will be $2,500 per month. You estimate your monthly costs to be rent of $900, car related expenses to be $550, entertainment of $200, food expense of $250, cable bill of $75, mobile phone of $100, student loan payment of $400 and other expense of $150. How would you describe your budget after analyzing all of your income and expenses?
A. You have a surplus of $125.
B. You have a deficit of $125.
C. You have a deficit of $2,625.
D. You have a surplus of $2,500.
Answers
The correct answer is A. You have a surplus of $125.
What is income?Income is the money which is earned by individuals or companies through wages, salaries, investments, and other sources. It is the total of all the money earned over a given period of time and is often used to measure an individual or company's financial success. Income is important to individuals and businesses as it is used to pay for living expenses, taxes, and other financial obligations. Income also serves as a measure of economic growth, as it is a key indicator of consumer spending and investment.
This is because the total of your income ($2,500) is greater than the total of your expenses ($2,375). The difference between them is $125 which is your surplus.
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Related Questions
Which point in the business cycle offers the greatest opportunity for a business? Explain.
Answers
Answer:
Peak
Explanation:
The peak is the business cycle with the highest growth rate. The economy is operating and its full potential. The demand for goods and services is high, which results in high sales and high income for businesses.
The peak presents the best opportunities for business. A firm makes optimal use of its resources. It experiences high sales and incomes, which is a good opportunity to expand or offer good returns to investors.
The way you spend your time and energy is your _____.
PLS DONT GUSS:(
career
lifestyle
occupation
leisure time
Answers
Answer:
Lifestyle
Explanation:
Because your lifestyle contains all of those things, it's the way you live your life and what you're both made to do and choose to do!
Answer:
Lifestyle
Explanation:
Your lifestyle is how you spend your time, energy, and resources
as of december 31, 2013, colgate assumes amortization expense for each of next five years to be approximately:
Answers
Colgate assumes amortization expense for each of the next five years to be approximately the same as the current year. Amortization is the process of spreading out the cost of an intangible asset over its useful life.
The intangible assets that Colgate is most likely referring to are patents, trademarks, and goodwill. These assets have a finite life, and therefore, must be amortized over time.
By assuming the same amortization expense for the next five years, Colgate is using a straight-line method of depreciation. This method assumes that the asset depreciates at an equal rate over its useful life. For example, if an asset has a useful life of 10 years and a cost of $100,000, then the annual amortization expense would be $10,000 per year.
Assuming the same amortization expense for the next five years helps Colgate to plan for the future and budget accordingly. It also ensures that the expenses are accurately reflected on the income statement and balance sheet each year. Overall, Colgate's assumption of the same amortization expense for the next five years is a prudent financial decision that allows for effective financial planning and reporting.
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how has the business cycle affected finagle a bagel? 2. what is finagle a bagel doing to differentiate itself from competitors that want a share of
Answers
Finagle a Bagel, like all businesses, has been affected by the business cycle, which is the pattern of expansion and contraction in economic activity over time. During periods of economic expansion, the demand for goods and services increases, and businesses like Finagle a Bagel may see an increase in sales and profits. Conversely, during periods of economic contraction or recession, the demand for goods and services decreases, and businesses may see a decline in sales and profits.
In response to these fluctuations in demand, Finagle a Bagel has likely adjusted its operations and marketing strategies to remain competitive. For example, during economic downturns, the company may focus on cost-cutting measures, such as reducing expenses and optimizing supply chain management, to maintain profitability. To differentiate itself from competitors, Finagle a Bagel has focused on creating unique, high-quality bagel products that cater to diverse consumer tastes and preferences. The company has also emphasized its commitment to using fresh, locally sourced ingredients and environmentally sustainable practices, which appeal to consumers who prioritize healthy and sustainable food choices.
Additionally, Finagle a Bagel has expanded its product line to include other baked goods, such as sandwiches, pastries, and coffee, which helps to diversify its revenue streams and appeal to a wider customer base. The company has also invested in digital marketing and social media to engage with customers and build brand awareness. Overall, Finagle a Bagel's focus on innovation, quality, and sustainability has helped it differentiate itself from competitors and maintain a loyal customer base.
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The practice of selling a product in foreign countries for a lower price than the good is sold for in the producing country is called?
Answers
The practice of selling a product in foreign countries for a lower price than the good is sold for in the producing country is called dumping
This is further explained below.
What is the product?Generally, The thing that is being put up for sale is referred to as the product.
A product could refer to either an item or a service. It may take the shape of anything tangible, virtual, or cyber.
Every item has a price tag attached to it since it must be paid for during production.
The price that may be asked for anything is contingent on a number of factors, including the market, the quality, the marketing, and the demographic that is being targeted.
In conclusion, The act of selling a product in other nations at a price that is lower than the price at which the item is offered in the country that produces the good is referred to as dumping.
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PLEASE HELP ME!!!!! I need to know the best ways to make a small business known. I just started a small Scentsy® business with my mom. I don't do social media and my moms is mainly her private friends even though it is public.
Answers
Answer:
Buy ads and get social media
Explanation:
for which person would renting a home be a better option than getting a mortgage?
Answers
Answer:
Someone who wants ro avoid spending time and money on maintenace
Explanation:
If income summary has a $13,500 debit balance before it is closed to the capital account, the company
Answers
Answer and Explanation:
In the case when the company has the debit balance of the income summary account so there should be the net loss as the net loss have the debit balance while the credit balance net profit of the company
So
Since there is the debit balance of the income summary that means there is a net loss
So the same would be considered
Economists agree that when an individual changes their behavior, they are doing so because O of changes in preferences. O of changes in relative prices. of sunk costs. Othey are irrational.
Answers
Answer:
They are irrational.
Explanation:
Economists agree that when an individual changes their behavior, they are doing so because they are irrational.
It should be noted that the behaviors of human beings change which affect their purchasing decision.
Which of the following will cause an inward shift in the demand for steaks at a restaurant? a. A report by the American Medical Association states that the consumption of steak reduces the risk of cardiovascular disease
b. A 50 percent reduction in the price of steaks
c. A double-digit increase in the price of chicken
d. A recession leading to a significant fall in the income levels of consumers
e. The expectation that the price of steaks will double within two months
Answers
The factor that will cause an inward shift in the demand for steaks at a restaurant is d. A recession leading to a significant fall in the income levels of consumers. The correct option is D.
When people experience a decrease in their income due to a recession, they tend to cut back on non-essential expenses, including dining out and consuming luxury items such as steaks. As a result, the demand for steaks at a restaurant will likely decrease, leading to an inward shift in the demand curve.
Option a, stating that steak consumption reduces the risk of cardiovascular disease, would likely increase the demand for steaks, as people may be encouraged to consume more of it for health benefits. Option b, a 50 percent reduction in the price of steaks, would make them more affordable and also increase demand.
Option c, a double-digit increase in the price of chicken, might lead people to switch from chicken to steak, resulting in higher demand for steaks.
Option e, the expectation that the price of steaks will double within two months, could potentially increase demand in the short term as people stock up, but it would not necessarily cause an inward shift in the demand curve.
In conclusion, the factor that would cause an inward shift in the demand for steaks at a restaurant is a recession that leads to a significant fall in consumer income levels.
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Advantages of flow production
Answers
Answer:
Flow production is capital intensive. This means it uses a high proportion of machinery in relation to workers, as is the case on an assembly line. The advantage of this is that a high number of products can roll off assembly lines at very low cost.
Explanation:
Opening its own subsidiaries in the host country may be better than contracting with an outside firm in the host country, if it is crucial for the firm to ________.
A) produce gains in efficiency, productivity, and quality
B) keep control of proprietary technology and processes
C) minimize job losses in the home country
D) market its products in the host country
Answers
Opening its own subsidiaries in the host country may be better than contracting with an outside firm in the host country, if it is crucial for the firm to ________.
Opening its own subsidiaries in the host country may be better than contracting with an outside firm in the host country, if it is crucial for the firm to produce gains in efficiency and productivity. By having its own subsidiaries, the firm can have more control over its operations, implement its own processes and technologies, and ensure that its standards are met. This can lead to increased efficiency and productivity, which can ultimately improve the firm's bottom line. Additionally, having its own subsidiaries can also help the firm keep control of proprietary technology and processes.
My answer is: B) keep control of proprietary technology and processes
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Type your response in the box. As you read this paragraph, think about the various traits of money. On her way to work, Cara stops by her local coffee shop for tea and oatmeal to go. She pays cash and receives change. She then remembers that she needs to get gas. She fills up her car’s tank, and charges it to her credit card. When her shift is over, she goes to the ATM to deposit her paycheck in her savings account. She stops home to change clothes before she goes to the gym. Not wanting to take her purse to the gym, she folds up a $5 bill and puts it in her pocket with her driver’s license. When she pays for water and a banana at the gym, the clerk laughs at how old Cara’s $5 bill is. Cara replies that it’s good that all money looks the same over the past few years. List five ways this scenario references money????? can someone help me please please.
Answers
Answer:
Here are some possible answers:
She buys items with cash.
She gets change.
She uses a credit card.
She deposits a paycheck in the bank.
She folds up cash.
She hears that her cash looks old.
She says that it looks the same as newer bills.
Explanation:
PLATO
Answer:
She buys stuff with cash, she gets change, she uses a credit card, she deposits a paycheck in the bank, and she folds up cash
Explanation:
Hope this helps! <3
in terms of organizational agility, technology refers to the methods, processes, systems, and skills used to
Answers
In terms of organizational agility, technology refers to the methods, processes, systems, and skills used to rapidly adapt and innovate in response to changing market conditions, customer needs, and competitive pressures.
Methods refer to the various techniques and approaches used to achieve organizational agility, such as Agile development methodologies or lean management principles.
Processes are the structured workflows and procedures used to implement these methods, while systems refer to the software, hardware, and other technology tools used to support these processes.
Skills are the competencies and capabilities required by individuals and teams to effectively leverage technology and other resources to achieve organizational agility.
This includes technical skills such as software development and data analysis, as well as soft skills such as communication, collaboration, and adaptability.
Overall, technology is a critical enabler of organizational agility, providing the methods, processes, systems, and skills necessary for organizations to rapidly respond to changes in their environment and stay competitive in today's fast-paced business world.
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Click this link to view O*NET's Tasks section for Actors.
Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to
O*NET, what are common tasks performed by Actors? Check all that apply.
creating artwork for use in stage sets
collaborating with other actors
working closely with directors, other actors, and playwrights to find the interpretation suited to the role
studying and rehearsing roles from scripts
learning about characters in scripts and their relationships to each other
teaching college classes and training other people how to become actors
Answers
Answer: B C D E
Explanation:
Did the assignment
To find the interpretation suited to the role, studying and rehearsing roles from scripts, learning about characters in scripts and their relationships to each other and teaching college classes and training other people how to become actors are common tasks performed by Actors. Hence, options B, C, D and E are correct.
Who is a director of a movie?The directors are the movie's creative leaders. They uphold the artistic vision throughout pre-production and final editing. They are employed by the executive producer or producer, who is ultimately in control of a production.
A film director's responsibilities include reading and editing scripts, overseeing the cast and crew, and putting the final product together. The actors and other crew members will work with you to ensure that the movie ultimately reflects the aesthetic vision for the finished result.
Thus, options B, C, D and E are correct.
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What does purchasing insurance for a business reveal about the owner's attitude toward financial risk?
1. It shows that the owner expects financial risk and is eliminating it by making an insurance company liable.
2. It shows that the owner acknowledges the financial risks and is willing to pay every month to transfer the risk to an insurance company.
3. It shows that the owner is willing to share ownership of the business to reduce financial risk.
4. It shows that the owner is willing to budget for short-term financial risks to avoid long-term risks.
Answers
Purchasing insurance for a business mainly reveals that "the owner acknowledges the financial risks and is willing to pay every month to transfer the risk to an insurance company."
What is the purpose of insurance?The purpose of insurance is to have coverage or a backup in case of unexpected negative events. For example, with health insurance companies or people pay a small amount of money every month to make sure expenses are at least partially covered if there is a medical emergency occurs.
Why do some business owners pay for insurance?Similarly, business owners paying for insurance expect to have some financial support in case a negative event occurs regarding the business. This shows they are aware of risks and want to transfer this or decrease it by paying.
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The relative desirability of real estate as compared to other goods and services increases when?
Answers
The relative desirability of real estate as compared to other goods and services increases when long-term interest rates are declining.
The principle of change acknowledges the dynamic nature of real estate markets. In real estate, the change influences not best individual properties, but also neighborhoods, groups, and areas. The consequences of prospective trade are contemplated in the market. alternate is basically the law of motive and impact.
Real estate is actual assets that includes land and enhancements, which consist of homes, furnishings, roads, systems, and utility systems. belongings rights deliver a identify of possession to the land, enhancements, and herbal resources which include minerals, plants, animals, water, and so on.
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if the mean is 32 and the median is 40 what would be value of mode
Answers
Answer:
Step-by-step po:
3 Median = Mode + 2 Mean
Given: Mean = 30 / Mode = 40
Now: 3 Median = Mode + 2 Mean
=> 3 Median = 40 + 2 (30)
=> 3 Median = 40 + 60
=> 3 Median = 100
=> Median = 100/3
=> Median = 33.3
Explanation:
Marcella (a calendar year taxpayer) purchased a sculpture for $5,000. When the sculpture is worth $12,000 (as later determined by the IRS), Marcella donates it to the Peoria Museum of Art, a public charity. Based on the appraisal of a friend, Marcella deducts $38,000 for the donation. Because Marcella was in the 24% marginal Federal income tax bracket, overstating the deduction by $26,000 results in a tax underpayment of $6,240.
Compute Marcella's overvaluation penalty.
Answers
Answer:
$2,496
Explanation:
Marcella's overvlauation = $38,000 - $12,000 = $26,000
It is more than twice the fair value of the sculpture ($12,000 x 2 = $24,000), so her penalty will be doubled.
The normal penalty = 20% x $6,240 = $1,248
Double the penalty = $1,248 x 2 = $2,496
I need help to determine my grade
Answers
Answer:
Outstanding Checks should be subtracted from the bank side of the reconciliation because they were subtracted from the book balance when the checks were written.
Explanation:
Jeff, the owner of a business, withdrew $100 from the business for personal use. How would this affect the total equity of his business
Answers
Answer:
Jeff invests an additional $100 into his company from his personal checking account. How would this affect the equity of his business? Common stock would be increased and total equity would also increase J. Brown paid $40 to its stockholders.
The owner has effectively withdrawn part of their equity as inventory. The drawings account is a temporary account and is cleared at the end of each year either by a debit against the capital account, repayment by the owner or against the salary of the owner, depending on the circumstances of the original goods withdrawal.
Explanation:
Jeff, the owner of a business, withdrew $100 from the business for personal use. His total equity will get reduce. and his withdrawal from the business would rise.
What is a business?A business is an organization that engages in commercial, industrial, or professional activities with the aim of earning a profit. The businesses come in various sizes and forms, including sole proprietorships, partnerships, corporations, and limited liability companies.
The primary objective of most businesses is to create and deliver products or services that meet the needs or wants of their customers while generating revenue and profits for the owners or shareholders.
Jeff who is the owner of a business. If he withdrew $100 from the business for personal use. His total equity will get reduce.
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Peter from Nashville, TN buys a car from Korea that counts in the:
OA. Trade surplus.
OB. Trade deficit.
OC.Current account.
OD.Capital account.
Answers
Answer:
c
Explanation:
A perfectly price-discriminating monopolist is able to.
Answers
Answer:
charge each consumer the maximum amount they are willing to pay
Find the effective rate of interest if payments of 300 at the present, 200 at the end of one year, and 100 at the end of two years accumulate to 800 at the end of three years.
Answers
Answer:
12.93%
Explanation:
Given that the amount of 300 is invested for 3 years, while the amount of 100 is invested for 2 years and 100 is invested for 1 year.
also amount accumulated in three years = 800
Applying the formula to find the future value we get
300(1+r)^3 + 200(1+r)^2 + 100(1+r) = 800
which can be further simplified to
300r^3+1100r^2+1400r+600=800
where, r is the effective rate of interest which we have to find out
The above equation is cubic in r, so to solve this we can use equation solver. When we put this equation in equation solver we get
r = 0.12926
r ≅ 0.1293
Therefore, effective rate of interest = 12.93%
Case Study #1
Dan is a 40 year-old with Spina-Bifida and inability to walk. He uses a wheelchair for mobility. He is unable to transfer from his chair and requires personal assistance for dressing, using the toilet and transferring from his chair. He has attempted to work several times, but has not held jobs due to a number of factors- transportation, time demands for dressing, eating and being transported to work. He currently is in a volunteer job with the sheriff's office doing routine filing and other clerical tasks. He has average intelligence, but lacks confidence due to low self-esteem, which has been reinforced, by his lack of success in employment.
1. Is he eligible for DVR services?
2. Is he eligible for Supported Employment?
3. Develop an outline for an IPE to address Dan's employment related needs.
4. List the extended ongoing support services he will need to maintain employment.
Answers
1. Is he eligible for DVR services?
Yes, Dan is eligible for DVR services. DVR stands for Disability and Rehabilitation Services. It is a federal program that provides employment-related services to people with disabilities. Dan's disability, Spina Bifida, would qualify him for DVR services.
2. Is he eligible for Supported Employment?
Yes, Dan is eligible for Supported Employment. Supported Employment is a type of DVR service that provides ongoing support to people with disabilities who are trying to find and keep jobs. Dan's need for personal assistance and transportation would make him a good candidate for Supported Employment.
3. Develop an outline for an IPE to address Dan's employment related needs.
An IPE is an Individualized Plan for Employment. It is a document that outlines the employment-related goals and services that a person with a disability will receive. An IPE for Dan would include the following:
Goals: The IPE would identify Dan's employment goals, such as finding a job, getting promoted, or starting his own business.
Services: The IPE would list the services that Dan would need to achieve his goals, such as job training, job placement, or transportation assistance.
Timeline: The IPE would set a timeline for achieving Dan's goals.
Evaluation: The IPE would include a plan for evaluating Dan's progress and making adjustments to the plan as needed.
4. List the extended ongoing support services he will need to maintain employment.
The extended ongoing support services that Dan will need to maintain employment include:
Personal assistance: Dan will need personal assistance to help him with dressing, using the toilet, and transferring from his chair.
Transportation: Dan will need transportation to and from work.
Flexible work schedule: Dan may need a flexible work schedule to accommodate his personal assistance needs.
Ongoing training: Dan may need ongoing training to keep his skills up-to-date.
Support from his employer: Dan will need support from his employer to be successful in his job. This may include providing him with a workspace that is accessible to his wheelchair and making sure that his co-workers are aware of his disability.
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When anti-poverty programs from the government have declining benefits as people earn higher incomes, this has the possibility of leading to ________. Group of answer choices
Answers
When anti-poverty programs from the government have declining benefits as people earn higher incomes, this has the possibility of leading to a welfare trap.
A welfare trap refers to a situation where individuals face disincentives to increase their income or work more hours due to the reduction or loss of benefits as their income rises. In such cases, the diminishing benefits can create a situation where individuals find it financially disadvantageous to increase their earnings beyond a certain threshold, as the reduction in benefits offsets or even exceeds the additional income earned. This can result in a cycle of dependency on government assistance and discourage individuals from pursuing higher-paying job opportunities or advancing in their careers.
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What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?
Answers
Suppose Q=33.4(0.678)tQ=33.4(0.678)t. Give the starting value aa, the growth factor bb, and the growth rate rr if Q=a⋅bt=a(1+r)tQ=a⋅bt=a(1+r)t.
a= help (numbers)
b= help (numbers)
r= % help (numbers)
Answers
In the equation Q = 33.4(0.678)^t, we can identify the values of a, b, and r in the form Q = a * b^t.
a = 33.4
b = 0.678
r = (b - 1) * 100
Therefore:
a = 33.4
b = 0.678
r = (0.678 - 1) * 100 = -32.2%
Please note that the growth rate (r) is negative in this case, indicating a decreasing trend in the variable Q as t increases.
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How do the 4 factors change based upon the business for which they are needed?
Answers
Answer:
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
difference betwee auditor and finance managys
Answers
Answer:
Image result for difference between auditor and finance manager
Auditor ensures that the businesses are saved from any fraud by highlighting any discrepancies undertaken in accounting methods whereas a Finance manager provide with accurate and detailed financial reports which are vital for the profitability of the business.
Explanation: