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stiks02 [169]
2 years ago
12

in order to get clarity on your money goals and have a powerful reminder to keep you on track, you need to

Business
2 answers:
belka [17]2 years ago
3 0

In order to get clarity on your money goals and have a powerful reminder to keep you on a track, you need to write down goals.

<h3>What is Financial goals ?</h3>

Financial plan is any estimation of money goals. One can have short-term and long-term goals. For example, saving $500 is a short-term goal, but  investing for old age is a long-term financial goal. Your goals should make you focus and keep you on track.

  • Have specified goals, For example increasing income is not a goal, increasing income by $500 is a goal.
  • Make a deadline, Have a deadline for every single financial goal.
  • Write them down, Just making a goal and remembering it in mind doesn't works.
  • Divide them in parts, dividing goals in parts make them achievable.

Writing down goals helps to get clarity on your money goals and to keep you on a track. because having them in mind creates a blurred vision but writing them down makes them clear.

Hence writing down goals help having clarity on your money goals.

Learn more about money goals here:

brainly.com/question/11508361

#SPJ2

Tasya [4]2 years ago
3 0

Answer: When making your money goals, make sure they are measurable. Specifically give them a time frame and an amount or percentage.

Explanation:

Those indicators will help you move through your money goals faster to reach your big life vision.

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Yummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2016, and charged the $4,320 premium t
Sati [7]

Answer:

Prepaid insurance.......Dr 3,420

To Insurance expense 3,420

(being only 5 months of expenditure to be charged current year and rest to be show as prepaid expenditure)

Explanation:

6 0
3 years ago
Which one of the following is NOT a real option? The option to buy shares of stock if its price is expected to increase. The opt
puteri [66]

Answer:

The answer is: The option to buy shares of stock if its price is expected to increase.

Explanation:

A <em>"real option"</em> in management is: a choice managers can take concerning business investment opportunities. <em>Real options</em> usually involve tangible assets (machinery, buildings, inventory, land, etc.) but not financial instruments or stocks.

So the buying or selling of stocks aren´t considered <em>real options</em> in business management.

4 0
3 years ago
Manson Industries incurs unit costs of $8 ($5 variable and $3 fixed) in making an assembly part for its finished product. A supp
bekas [8.4K]

Answer:

Manson will incur a loss of $10,300 by buying the part.

Explanation:

Purchases = 10,300 * $6 = $61,800

Variable cost = 10,300 * $5 = $51,500

Fixed cost = 10,300 * $3 = $30,900

Analysis:

<u>Details               Make ($)           Buy ($)         Net ($) </u>

Purchase                  0                  61,800          61,800

Variable              51,500                   0              51,500

Fixed                  30,900              30,900        <u>     0    </u>

Loss                                                                  <u> 10,300   </u>

Therefore, Manson will incur a loss of $10,300 by buying the part.

6 0
3 years ago
What is the name of the Inca tot of stock market prices that averages 30 selected industrial stocks?
nydimaria [60]

Answer:

C

Explanation:

I'm smart boy that's y because y = u and u nedda pay attention in class blood

6 0
3 years ago
During 2020, Stellar Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Stellar for a
Ber [7]

Answer:

What is the amount of gross profit realized during 2020?

(460 x $33.30) + (230 x $29.60) + (276 x $18.50) = $27,232

What is the amount of inventory of unsold straight chairs on December 31, 2020?

[(920 - 460) x $56.70] + [(690 - 230) x $50.40] + [(1,610 - 276) x $31.50] = $26,082 + $23,184 + $42,021 = $91,287

Explanation:

lump sum cost of chairs = $137,655

Type                     Chairs       Selling Price Each       Total

Lounge chairs       920                     $90                 $82,800

Armchairs              690                     $80                   $55,20

<u>Straight chairs      1,610                     $50                $80,500</u>

total                      3,220                                          $218,500

if we allocate costs based on resale, then each chair should cost:

Lounge chairs $90 x ($137,655 / $218,500) = $56.70

Armchairs $80 x ($137,655 / $218,500) = $50.40

Straight chairs $50 x ($137,655 / $218,500) = $31.50

contribution margin per chair:

Lounge chairs $90 - $56.70 = $33.30

Armchairs $80 - $50.40 = $29.60

Straight chairs $50 - $31.50 = $18.50

7 0
4 years ago
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