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3 years ago

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

2 answers:

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.

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zavuch27 [327]

Can you please try to take a better pic

4 0

3 years ago

Assume that you manage a risky portfolio with an expected rate of return of 18% and a standard deviation of 42%. The T-bill rate

amm1812

Answer:

a. Expected Return = 16.20 %

Standard Deviation = 35.70%

b. Stock A = 22.10%

Stock B = 29.75%

Stock C = 33.15%

T-bills = 15%

Explanation:

a. To calculate the expected return of the portfolio, we simply multiply the Expected return of the stock with the weight of the stock in the portfolio.

Thus, the expected return of the client's portfolio is,

w1 * r1 + w2 * r2
85% * 18% + 15% * 6% = 16.20%

The standard deviation of a portfolio with a risky and risk free asset is equal to the standard deviation of the risky asset multiply by its weightage in the portfolio as the risk free asset like T-bill has zero standard deviation.

85% * 42% = 35.70%

b. The investment proportions of the client is equal to his investment in T-bills and risky portfolio. If the risky portfolio investment is considered of the set proportion investment in Stock A, B & C then the 85% investment of the client will be divided in the following proportions,

Stock A = 85% * 26% = 22.10%
Stock B = 85% * 35% = 29.75%
Stock C = 85% * 39% = 33.15%
T-bills = 15%
These all add up to make 100%

3 0

3 years ago

Read 2 more answers

What happens in your retirement if you have a lapse in your years of work history?

TiliK225 [7]

Your monthly benefit will be lower

6 0

3 years ago

Prepare journal entries to record the following transactions for the village of Radnor. Classify the expenditures as Parks suppl

zzz [600]

Answer:

A. Dr Encumbrances $14,000

Cr Budgetary fund balance $14,000

B. Dr Budgetary fund balance $8,000

Cr Reserved for encumbrances Encumbrances $8,000

Dr Expenditures – Park supplies $8,300

Cr Voucher payable $8,300

C. Dr Budgetary fund balancereserved for encumbrance $6,000

Cr Encumbrances $6,000

Dr Expenditures – Parks supplies $5,800

Cr Vouchers – payable $5,800

D. Dr Voucher payable $8,300

Cr Cash $8,300

Explanation:

Preparation of Journal entries

A. Dr Encumbrances $14,000

Cr Budgetary fund balance $14,000

($8,000+$6,000)

B. Dr Budgetary fund balance $8,000

Cr Reserved for encumbrances Encumbrances $8,000

Dr Expenditures – Park supplies $8,300

Cr Voucher payable $8,300

C. Dr Budgetary fund balancereserved for encumbrance $6,000

Cr Encumbrances $6,000

($14,000-$8,000)

Dr Expenditures – Parks supplies $5,800

Cr Vouchers – payable $5,800

D. Dr Voucher payable $8,300

Cr Cash $8,300

3 0

3 years ago

Scenario 13-20 suppose that a given firm experiences decreasing marginal product of labor with the addition of each worker regar

Viktor [21]

Answer:

U-shaped

Explanation:

Since the marginal product of labor is decreasing, the average variable costs and marginal costs will be increasing at all points, but the average fixed costs will be decreasing. That is why the average total costs (which includes both variable and fixed costs per unit) will be U-shaped since they will fall at the beginning when the decrease in marginal product of labor is small, bu then will increase as the marginal product of labor falls even more.

7 0

3 years ago