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1 year ago

What is the largest expense in life?

1 answer:

6 0

The purchase of a home typically necessitates years of planning and budgeting because it is one of the largest purchases you will ever make.

A budget is an estimate of the money that will come in and go out of the business over a given period of time, and it is often created and reviewed on a regular basis. Budgets can be created for an individual, a team of individuals, a business, a government, or pretty much anything else that generates and spends money.

Budgeting is essential to controlling monthly costs, preparing for unforeseen events in life, and being able to buy expensive products without getting into debt. It doesn't have to be tedious to keep track of your income and expenses, you don't have to be an expert in math, and it doesn't mean you can't buy the items you want. Simply said, it means you'll be more aware of where your money is going and in charge of your finances.

learn more about budgeting here

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A broker operates an office in a town on the state line. A buyer from the adjoining state wants to see homes on both sides of th

evablogger [386]

Answer:

In this case, the broker:

b. may not show the buyer homes in the other state without a non-resident license.

Explanation:

A state line is a boundary that defines one state from another. States are defined by the state line that encloses them.All states in the United States have specific rules that govern their social, political and economic welfare. Conducting a business in a state requires that one has to firstly get information on the laws that regulate business activities in the area. The most common document that one needs to operate a business in any given state is a business license. The business license gives one the legal right to conduct his/her duties in the particular state.

Operating in a state has to be understood before determining whether or not one will need some kind of legal right to conduct his/her business. The requirements for one to qualify as operating in a state are;

1. When one owns property in that state.

2. Having facilities in that state where formal meetings regularly take place

3. Selling in the state using a party directly related to your business

4. When an individuals owns a bank account in that state

In our case, since the brokers action can be termed as business related and he/she is not a resident of any of the adjoining states, the broker has to have a non-resident license to show the buyer homes in those states.

3 0

3 years ago

Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation fo

Kazeer [188]

Answer:

2016 = -$67,000

2017 = $393,000

Explanation:

The income statements for company for each of its first two years under variable costing is shown below:-

Dowell Company

Income statement

Variable costing

Particulars 2016 2017

Sales $966,000 $1,886,000

Less: Variable cost

Direct material $84,000 $164,000

(21,000 × $4) (41,000 × $4)

Direct labor $168,000 $328,000

(21,000 × $8) (41,000 × $8)

Variable overhead $189,000 $369,000

(21,000 × $9) (41,000 × $9)

Variable selling and

administrative expenses $42,000 $82,000

(21,000 × $2) (41,000 × $2)

Total variable cost $483,000 $943,000

Contribution margin $483,000 $943,000

(Sales - Contribution margin)

Less:

Fixed expenses

Fixed overhead $310,000 $310,000

Fixed selling and

administrative expenses $240,000 $240,000

Total of fixed expenses $550,000 $550,000

Net income (loss) -$67,000 $393,000

To determine the net income (loss) we simply deduct the contribution margin from total of fixed assets.

8 0

3 years ago

Name seven things needed for manufacturing

Annette [7]

1. Secure Hosting Service
2. Identify Skills and Background
3. Know Your Audience
4. Research
5. Types of Products
6. Advertising
7. Budget

8 0

3 years ago

The establishment of lobster fishing season in the state of Florida is an example of:

SashulF [63]

Answer:

Government intervention in the economy.

Explanation:

The government in some cases take actions that affect the economy to have an impact and address inefficiencies. In this case, the intervention takes the form of a regulation that establishes a lobster fishing season in the state of Florida. Because of that, the answer is that this is an example of government intervention in the economy.

5 0

3 years ago

Suppose you are an economist for Mattel, manufacturer of the doll Barbie, which was making an unsolicited bid to take over Hasbr

lord [1]

Answer:

a. 1. You would want the regulatory boards to see more competition, so you would argue that the relevant market is all toys, which is as broad as possible. This would make it less likely that the merger would violate merger guidelines.

b. 2. You would want to use the narrowest definition of the market, which would be dolls. This would make it more likely that the merger would violate merger guidelines.

Explanation:

a. In order to avoid anti-trust laws, it would be best that Mattel convinces the authorities that the relevant category is all toys not just a subsection. This will show that the toys made by the new company would have a lot of competition from other toy makers across the board which would reduce their chances of being a monopoly and violate merger guidelines.

b. As the bid is unsolicited, Hasbro might want to defend against it. In which case their strategy should be the exact opposite of that of Mattel and they should try to convince the regulatory boards that they would be in the narrowest of markets which would be dolls. This would mean that the merger has a strong chance of leading to a monopoly and would violate merger guidelines.

8 0

3 years ago