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3 years ago

What steps are recommended for creating a successful person budget?

2 answers:

8 0

1. List your expenses
2. Separate your wants and needs
3. Make sure your expectations are realistic
4. Consider buying budgeting software
5. Get your family on board
I hope this helps :)

Fudgin [204]3 years ago

3 0

1. Calculate expenses

2. Determine your income

3. Set savings and debt payoff goals

4. Record spending and track progress

5. Be realistic

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Executives of Studio Recordings, Inc., produced the latest compact disk, the Starshine Sisters Band, titled Starshine/Moonshine.

Alexxandr [17]

Answer:

a) Contribution margin= $6,4

b) break-even point:

in units=76562 cds

in dollars=$869058

c) Net profit= $5910000

d) Q=107813 cds

Explanation:

Variable costs:

CD package and disc $1.25/CD

Songwriters’ royalties $0.35/CD

Recording artists’ royalties $1.00/CD

Total Variable costs= $2,6

Fixed Costs:

Advertising and promotion $275,000

Studio Recordings$215,000

Total fixed costs= $490000

Price=$9

a) contribution margin= Price- variable costs= 9-2,6= $6,4

b) break-even point:

in units=fixed costs/contribution margin=490000/6,4= 76562 cds

in dollars= fixed costs/(contribution to sale ratio)

in dollars= fixed costs/(contribution margin/price)

in dollars= 490000/(6,4/9)= $869058

c) q=1000000

sales= 9000000 (1000000*9)

variable costs= -2600000 (1000000*2,6)

fixed costs= -490000

Net profit= $5910000

d)Profit= 200000 q=?

using the break-even formula

Q=(fixed cost+profit)/contribution margin

Q=690000/6.4=107813 cds

7 0

3 years ago

In a private company’s accounting system, inputs are _______________ and outputs are _________.

kirill [66]

The choices can be found elsewhere and as follows:

A. marketing strategy-type information;sales data

B. results of surveys on consumer satisfaction; accounts payables

C. transactions such as sales, payroll, and other expenses; financial statements

D.transactions such as the cash flow statement; payroll taxes

I think the correct answer is option D. In a private company’s accounting system, inputs are transactions such as the cash flow statement and outputs are payroll taxes. Hope this answers the question.

6 0

3 years ago

Psari's, a company that sells fishing nets, provides the following information about its product: Targeted operating income $

Molodets [167]

Answer:

B. 66.67%

Explanation:

Contribution is the difference between the company's total revenue and the total variable cost. The ratio of the contribution to sales or revenue gives the contribution margin ratio.

The contribution may also be derived from the addition of the fixed cost and the operating income.

Contribution margin

= $115,000 + $54,000

= $169,000

Let the number of units to be sold to achieve targeted income be U

6U - 2U - 115,000 = 54,000

4U = 169,000

U = 42,250

Contribution margin ratio = 169000/(6 * 42,250)

= 66.67%

6 0

3 years ago

What are the goals of CRM and social media marketing

NikAS [45]

Answer:

A company moves their focus onto customers who are active on different social media platforms, to both offer customer service on social channels, and to optimize their own service by collecting customer data via these channels. The long-term goal of Social CRM is to increase customer satisfaction and revenue.

Explanation:

6 0

3 years ago

In a conversation between two parties, a statement like, "What I'm hearing you say . . ." is an example of:

dimaraw [331]

Communication involves both listening and speaking. When you say "What I'm hearing you say" is an example of reflective listening because you are trying to clarify the idea of what the other party is trying to imply. Then listener recaps the message using his own words and tries to give back the speakers idea to confirm if the idea has been understood.

3 0

3 years ago