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exis [7]
1 year ago
10

What are some tips for self-employed people to get one month ahead how to budget irregular income

Business
1 answer:
Andreyy891 year ago
3 0

Self-employment is an individual business or contract by a person. Some tips like a zero-based budgeting plan, no over-expenses, and saving can be used for budgeting.

<h3>What is budgeting?</h3>

Budgeting is the development of plans and strategies to save the funds and their employment in wise use. It can also be called a spending plan.

For a self-employed person to save money, they should use a zero-based budgeting strategy, not overspend in case of over-earning and save some amount of money every time by default.

Learn more about budgeting here:

brainly.com/question/15683430

#SPJ4

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A bank's actual reserve ratio is the percentage of total deposits a bank actually holds on to. It is made up of the percentage t
Vsevolod [243]

Answer:

The increase in the money supply will be "833333.33".

Explanation:

  • The real reserve ratio of either a lender seems to be the proportion of overall reserves another bank currently occupies onto another.
  • It consists of the proportion they become required to secure forward with, referred to that as the reserve requirement expected, including whatever extra those who happen to retain onto this.

According to the question,

The multiplier will be:

⇒ \frac{1}{RRR}

⇒ \frac{100}{12}

⇒ \frac{25}{3}

So the increase will be:

⇒ 100000\times \frac{25}{3}

⇒ 833333.33

5 0
2 years ago
Cole has a cold. Although the brand-name drug is more expensive than the generic, he buys the brand-name one. Cole is familiar w
Semmy [17]

Answer:

<u>less risk</u>

Explanation:

Note: <u>The question appears to be incomplete. Another similar question has been attached for reference purpose and the answer provided herein is based upon that</u>.

It is common consumer behavior of sticking to a brand name despite another lower cost option providing the same base or constituent. Particularly in case of necessities, the law of demand i.e lower price higher demand fails as consumer would prefer being exposed to lesser risk no matter whatever be the cost.

In the given case, the consumer i.e Cole prefers going with a brand name as it provides him with a higher degree of assurance as the brand has a certain reputation attached to it which the other generic option lacks.

Secondly owing to his familiarity with the drug and it's past usage experience, he has developed brand loyalty apparently.

Thus, Cole's decision is attributable to <u>less risk.</u>

4 0
3 years ago
Under rent control, bribery is a potential mechanism to:________
Georgia [21]

Answer:

A). bring the total price of an apartment (including the bribe) closer to the equilibrium price.

Explanation:

Rent control can be regarded as a program set up by the government which control the limit of amount that can be demanded by landlords for leasing out a home as well as renewal of a lease. The law that govern rent control are been enacted by municipalities, and it's a way to make lower-income residents have an affordable living cost. It should be noted that Under rent control, bribery is a potential mechanism to bring the total price of an apartment (including the bribe) closer to the equilibrium price.

7 0
2 years ago
A resource-based strategy:
vazorg [7]

Answer:

b. uses a company's valuable and rare resources and competitive capabilities to deliver value to customers that rivals have difficulty matching.

Explanation:

Resources refers to competitive and valuable assets, organizational processes, capabilities, information, attributes, and knowledge that are acquired, owned and controlled by an organization. These resources are classified into two (2) main categories;

1. Tangible resources: these are physical assets such as equipments, financial assets, plants, raw materials, inventory etc that are owned and controlled by an organization.

2. Intangible resources: these are assets that are abstract in nature such as knowledge, customer loyalty, skills, experience, stakeholders, patent, culture, buyer recognition etc.

Hence, a resource-based strategy uses a company's valuable and rare resources and competitive capabilities to deliver value to customers that rivals have difficulty matching. This ultimately implies that, resource-based strategy avails a company the ability or opportunity to use their tangible and intangible assets to provide finished goods and services to meet the needs or wants of customers, as well as creating a competitive advantage over rivals in the same industry.

5 0
3 years ago
An ATM with a service fee of $3 is used by a person 200 times in a year. What would be the future value in 5 years (use a 2 perc
Eddi Din [679]

Answer:

The future value in 5 years is $3,184.87  

Explanation:

The figure is arrived by calculating the future of the yearly total service of $600($3*200) by using applicable annuity factor for each of the years from year 1 to 5.

The annuity factor for each year is calculated as (1+r)^n, where r is the rate of return of 2% and the n the year in which the service fee relates to.

Kindly find attached for detailed computations.

Download xlsx
6 0
3 years ago
Read 2 more answers
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