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aleksley [76]
1 year ago
9

How do the actions of living on less than you make, saving for large purchases, and sticking to a budget represent deciding acti

ons?
Business
1 answer:
Rashid [163]1 year ago
7 0

The actions of living on less than you make, sticking to a budget represent deciding actions, and saving for large purchases represent deciding actions as the person is making a conscious decision.

The key to budgeting is considered to be spending less money than you may earn. So, when you tend to spend less than you earn, you can thus start saving money. Here, saving for large purchases represent deciding actions.

However, a budget tend to allow you to meet your personal goals with a system of saving and wise spending. So, here the main purposes are budget are considered to be live within your income.

Hence, the purpose of budgeting includes such aspects.

To learn more about a budget here:

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Cascade Company was started on January 1, Year 1, when it acquired $151,000 cash from the owners. During Year 1, the company ear
erica [24]

Answer:

Cascade Company

<u>Income statement for the year ended year 1</u>

Sales Revenue                   $90,600

Less Expenses                   $62,000

Net Income                         $28,600

Cascade Company

<u>Statement of changes in equity for the year ended year 1</u>

                                                Capital       Retained Income          Total

Beginning of the Year :

Opening Balance                  $151,000                 $ 0                 $151,000

During the Year :

Profit for the year                        -                    $28,600             $28,600

Dividends paid                            -                    ($13,000)           ($13,000)

Total                                       $151,000             $15,600           $166,600

Cascade Company

<u>Balance Sheet as at year 1</u>

ASSETS

Cash ($151,000 + $90,600 - $62,000 - $13,000)                  $166,600

Total Assets                                                                              $166,600

EQUITY AND LIABILITIES

Equity                                                                                        $166,600

Total Equity and Liabilities                                                     $166,600

Cascade Company

<u>Statement of Cashflow for the year ended year 1</u>

<em>Cash flow from Operating Activities</em>

Cash receipts from customers                                               $90,600

Cash payments to suppliers and employees                      ($62,000)

Net Cash from Operating Activities                                       $28,600

<em>Cash flow from Investing Activities</em>

No Investment activities

Net Cash from Investing Activities                                                 $0

<em>Cash flow from financing Activities</em>

Capital Invested                                                                    $151,000

Dividends Distributions                                                        ($13,000)

Net Cash from Investing Activities                                     $138,000

Movement during the year                                                $166,600

Beginning Cash and Cash Equivalents                                      $0

Ending Cash and Cash Equivalents                                 $166,600

Explanation:

The income statement, statement of changes in equity, balance sheet, and statement of cash flows for Cascade Company have been prepared above.

Note : Make sure to take note of the format and appropriate heading of each statement.

8 0
3 years ago
Which of the following positions is primarily responsible for raising capital and investing funds?A) The treasurerB) The COOC) T
Ede4ka [16]

Answer: <em>Option (A) is correct.</em>

Explanation:

A treasurer is known as a an individual who is responsible for working the treasury of a/an firm/organization. The compelling main functions of an organizations treasurer usually include liquidity and cash management, corporate finance and risk management. They are also primarily responsible for increasing capital via issuing bonds, stocks and investing funds. They tend to report back to CFO.

6 0
3 years ago
Most standard portfolio analysis methods evaluate strategic business units (sbus) on their performance in two important dimensio
julia-pushkina [17]

The majority of conventional portfolio-analysis methodologies evaluate SBUs based on two crucial factors: the market or industry an SBU operates in is appealing, and an SBU's position within that market or industry is strong.

What is Strategic Business Unit?
A strategic business unit, or SBU for short, is a fully operational part of an organization with its own mission and goals. An key section of the organization, a strategic business unit typically functions independently. It provides updates on its operational status to the headquarters. Although a strategic business unit, or SBU, is an independent company, it is required to report directly to the organization's headquarters on the status of its operations. It is independent and centered on a particular market. It is large enough to have independent support divisions for things like human resources and training. Having an SBU has a number of advantages. For businesses with a variety of product structures, this strategy is most effective. Proctor and Gamble, LG, and other businesses are the best examples of SBU. Under one roof, these businesses house numerous product categories. For instance, the company LG produces consumer durables.

To learn more about Strategic Business Unit
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8 0
2 years ago
Using the internal rate of return method, a conventional investment project should be accepted if the internal rate of return is
BlackZzzverrR [31]

Using the internal rate of return method, a conventional investment project should be accepted if the internal rate of return is equal to or greater than the discount rate.

investment  is dedicating an asset to achieve an increase in value over a period of time. Making an investment requires sacrificing your current assets such as time, money, and effort. In finance, the purpose of investment is to generate profit from the assets invested.

The definition an investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.

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3 0
2 years ago
Samson and Sons purchased a 6-month insurance policy for $1,200 which covers the months July through December. Initially the ent
Vika [28.1K]

Answer:

The answer is D.

Explanation:

To increase asset and expense, you debit while credit decreases it.

To increase, liabity, revenue(income), equity, you credit while debit decreases it.

An insurance that has been prepaid is an asset because the benefit has not been fully utilised.

Samson and Sons has paid for an insurance that will expire December at the beginning of July.

$1,200 for 6 months.

Samson and Sons needs to recognize this as the service is being enjoyed monthly.

Therefore, insurance expense every month will increase by $1,200/6

$200

Remember that expense increase by debit and asset(Prepaid Insurance) decrease by credit.

So we have:

Debit insurance expense $200; Credit prepaid insurance $200

3 0
3 years ago
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