1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Xelga [282]
3 years ago
6

What are the similarities and differences between balancing a city budget and balancing a personal budget?

Business
2 answers:
elena-14-01-66 [18.8K]3 years ago
6 0
For me they don't differ in a sense of budgeting but they have a big different in every factor of way and rule in budgeting. In balancing a city budget you must first analyse what are the expense, credits and also the future expense of the city to make it last until the next budget. You also have to consider your people in their needs and wants not just you but for the good of the city.
Papessa [141]3 years ago
3 0
The similiarities of balancing a city budget and a personal budget is that you are bound by a certain amount of budget and that your purchasing decisions must be weighed properly. The difference between the two is that personal budget affects only a person's budget while a city budget if mishandled affects lives of people in a certain city. 
You might be interested in
Variable $100,000 $ 25,000 Fixed 150,000 75,000 Total $250,000 $100,000 What is the initial selling price needed to obtain a tar
hodyreva [135]

Answer: $8.00

Explanation:

Details missing in question are:

These costs are for 50,000 units.

$250,000 is manufacturing cost. $100,000 is administrative cost.

The total manufacturing cost is shown to be $250,000 above.

A profit of $50,000 is needed in addition to this cost as well as the administrative cost of $100,000.

Total revenue expected is therefore:

= 250,000 + 100,000 + 50,000

= $400,000

50,000 units are to be sold so to make a revenue of $400,000, each unit should be sold for:

= 400,000 / 50,000

= $8.00

8 0
3 years ago
List four decision making techniques
Elenna [48]
Command – decisions are made with no involvement.
Consult – invite input from others.
Vote – discuss options and then call for a vote.
Consensus – talk until everyone agrees to one decision
3 0
3 years ago
Suppose that the price of good X rises from $12.00 to $12.90, and as a result the quantity demanded of good X falls from 5,000 u
ivann1987 [24]

Answer:

The price elasticity of demand is 1.14.

The price is Elastic.

Elasticity is more than one so total revenue will fall.

Explanation:

Given the initial price of good x = $12

Final price of good x = $12.90

% change in price = [(12.90 - 12) / 12] x 100 = 7.5 %

Initial quantity = 5000

Final quantity = 4600

% change in quantity = [(4600 - 5000)/5000] x 100 = -8%

Elasticity = % change in quantity / % change in price

Elasticity = 8% / 7%

Elasticity = 1.14

The price elasticity of demand is 1.14.

The price is Elastic.

Since elasticity is more than one so total revenue will fall.

5 0
2 years ago
The amphibians have loose fitting skin. this helps them with which of the two major challenges for transition to land?
Varvara68 [4.7K]
The loose fitting skin is one of the defining characteristic of the amphibians in which the toad, frog and almost any other creature in between belong. Some of the many useful and sophisticated purpose of this are: (1) helping with respiration, (2) prevention of hydration loss, (3) easy locomotion. This enables the animals to easily adapt to the environment once it shifts to the land from the water bodies. 
4 0
3 years ago
"You’ve observed the following returns on Crash-n-Burn Computer’s stock over the past five years: 6 percent, –13 percent, 24 per
Vanyuwa [196]

Answer:

6.80%

Explanation:

The average nominal returns is the sum of the returns for 5 years divided by the number of returns considered( i.e 5, 5 returns for 5 years)

average nominal returns=(6%-13%+24%+18%+15%)/5

average nominal returns=10.00%

The Fisher's equation is shown thus:

(1 + i)  = (1 + r) (1 + π)

i=nominal return=10.00%

r=average real return=the unknown

π=inflation rate=3%

(1+10.00%)=(1+r)*(1+3%)

1.10=(1+r)*1.03

1+1=1.10/1.03

r=(1.10/1.03)-1

r=6.80%

7 0
2 years ago
Other questions:
  • Which of the following is an example of capital substitution? A. having robots on an assembly line instead of workers B. trade t
    5·1 answer
  • Status
    15·1 answer
  • In 2008, the U.S. government stepped in to help some failing financial institutions as a way to prevent further collapse of the
    5·1 answer
  • Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shar
    9·1 answer
  • Each individual must make choices because A. wants are sometimes mixed up with needs. B. resources are limited and therefore can
    12·1 answer
  • The world is facing greater and greater pollution, along with the depletion of natural resources. Every person in every country
    8·1 answer
  • Explain why the bank has asked to see your business financial records?​
    7·1 answer
  • What is the income flow associated with labour?
    9·1 answer
  • This video speeds through over 10 common mistakes people make that leave them open to identity theft. list at least 5 of them he
    5·1 answer
  • you are the coordinator of a nonprofit that distributes donated items to three local homeless shelters. what is the most efficie
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!