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2 years ago

What are three strategies that you can use to make better financial decisions?

1 answer:

7 0

Investments, Savings, and Expenses are the three basic strategies, which can help a person take better and efficient financial decisions on a personal level.

<h3>What are better financial decisions?</h3>

The strategies to choose the investments in different assets and debt classes will enable a person to increase his chances of gaining better financial returns.

The amount of money, a person decides to save for any future requirements will help him out of the financial crises that may take place in his life.

The strategy on where to spend and where not to spend will help a person have more disposable income to fulfill the financial needs in the future.

Hence, the strategies for taking better financial decisions are as aforementioned.

Learn more about financial decision here:

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How much can Azco Autosystems, Inc., afford to spend on an energy management system if the software will save the company $21,30

ivann1987 [24]

The amount that that Azco Autosystems, Inc., can afford to spend on an energy management system is $80,744.

<h3>Present value</h3>

Using this formula

Present Value = A(P/A, 10%, 5)

Where:

A=$21,300

(P/A, 10%, 5)=3.79079

Let plug in the formula

Present Value = 21,300 (P/A, 10%,5)

Present Value = 21,300 (3.79079)

Present Value =80,743.8

Present Value = $80,744 (Approximately)

Inconclusion the amount that that Azco Autosystems, Inc., can afford to spend on an energy management system is $80,744.

Learn more about present value here:brainly.com/question/15904086

4 0

2 years ago

Wisteria Co. produces snowboards and uses a standard cost system. Variable overhead is applied using direct labor hours. Standar

Ket [755]

Answer:

Variable overhead rate variance = $2,870 favorable

Explanation:

Variable overhead rate variance is the difference between the standard cost allowed for variable production overhead and the actual variable cost incurred.

This computed as follows:

17,130 hours should have cost ( 17,130 ×7.20) 123336

but did cost <u>120,466</u>

Variable overhead rate variance <u> 2870 </u> Favorable

Variable overhead rate variance = $2,870

6 0

3 years ago

Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts receivable and allowance fo

AveGali [126]

Answer:

$1,345

Explanation:

Calculation to determine what Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is

First step is to calculate the Expense amount

Expense=Credit sales $315,000* .5%

Expense=$1,575

Second step is to calculate the Allowance

Allowance 12/31/2020 $1,650

Less Write-offs(1,880)

Allowance ($ 230)debit

Now let calculate the final balance in its allowance for uncollectible accounts

December 31, 2021 allowance for uncollectible accounts= ($230) + $1,575

December 31, 2021 allowance for uncollectible accounts=$1,345

Therefore Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is $1,345

7 0

3 years ago

Which of these is a nonstore retailer?

Lady bird [3.3K]

A. Vending Machine is a nonstore retailer

7 0

3 years ago

Trend analysis is analysis

Rama09 [41]

Answer:

Trend analysis is analysisof dollar changes and percentage changes over several years.

Explanation:

A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future.

4 0

3 years ago

Read 2 more answers