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abruzzese [7]
3 years ago
6

If your budget allowed you extra money for this month, would you choose to consume, invest, or save that money? Why? Be specific

!
Business
2 answers:
Anettt [7]3 years ago
8 0
I would save the money if something unexpected happens. <span />
ruslelena [56]3 years ago
3 0
Personally, I would choose to save that money. The reason why is you never know - maybe something bad is going to happen and you will need that extra cash. So instead of splurging it on material things, it's better to save it for a rainy day, in my opinion. Investing is not safe, given that you may lose a lot more than you invest. 
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3 years ago
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Answer:

Therefore I can borrow $19646.12 from E-Loan.

The interest I will pay for the loan is $1,857.88.

Explanation:

The formula of present value is

PV=PMT(\frac{1-(1+i)^{-n}}{i})

PMT = The monthly payment = $448

i= Rate of interest per period =\frac{4.5}{12}\%=0.00375

n = The number of month = 48 months

Therefore

PV=448(\frac{1-(1+0.00375)^{-48}}{0.00375})

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Therefore I can borrow $19646.12 from E-Loan.

The interest = Paid amount - Loan amount

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The interest I will pay for the loan is $1,857.88.

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5 0
3 years ago
abares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing act
scZoUnD [109]

Answer:

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b) Purchased a machine for $30,000, giving a long-term note in exchange. Financing Activities = Non-cash Investing and Financing Activity

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(f) Collected $16,000 from sale of goods = Operating Activities

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The Cash flows related to raising of capital is known as Cash flow from Financing Activities.

The Cash flows related to growing and selling of Assets of the business is known as Cash flow from Investing Activities.

The Cash flow related to trade in Ordinary course business of the Company is known as Cash flow from Operating Activities.

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