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svetlana [45]
3 years ago
7

Budgeting for Needs

Business
1 answer:
DanielleElmas [232]3 years ago
7 0

Answer:

From the bank statement of $23000 the needs are:

  • cell phone plan = $45
  • rent = $400
  • car insurance = $60
  • Electric bill = $60
  • car payment = $250

Explanation:

A need is something needed for an individual to live a fulfilling life without adverse effect. if a need is not fulfilled it can cause an adverse effect like sickness,death or it might cause a fine or penalty.

cell phone plan is an need because without a cell phone plan a cell phone user might be unable to communicate properly with his business associates and family who might not always be with him and he might be unable to pass along proper and timely information as well

Rent is necessary because housing is one of the most important needs of a man without rent plan there would be no proper housing

car insurance: insurance helps to reduce the burden of accidents on the car owner. if he fails to pay his insurance when due. if the car is caught up with eventualities of accident, the insurance company might not respond to him

Electric bill : this is a very important need as well in America. failure to pay the electric bill results to shortage of electricity and electricity is vital to everyday living.

car payment: the regular payment of car loans helps to escape the penalty of late payment hence this is a need.

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Answer:

Instructions are listed below

Explanation:

Giving the following information:

Price= $15000

Q=300

The variable cost to produce and sell the cycles would be $11,250 per unit.

The annual fixed cost would be $1,012,500.

A)break-even point in units=fixed costs/contribution margin= 1012500/(15000-11250)= 270 units

B) margin of safety= budgeted sales - break-even sales

Margin of safety= 4500000-4050000= $450000

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3 years ago
Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou
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Answer:

Amount of Factory Overhead = 254,340

Explanation:

Computation of overhead:

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Amount of Factory Overhead = 157% (162,000)

Amount of Factory Overhead = 254,340

Journal entry.

Account title and explanation        Debit Credit

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3 years ago
Amber's employer, Lavender, Inc., has a § 401(k) plan that permits salary deferral elections by its employees. Amber's salary is
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Answer:

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If Amber contributes more than $19,000 to her 401k account, then she would have to pay taxes for the extra amount contributed.

3 0
3 years ago
A full account of an event or series of events, usually told in chronological order, is called a:_______
sladkih [1.3K]

It's known as a story.

<h3>How Do Stories Work?</h3>

A story or narrative is a related series of events that is conveyed by language, including written or spoken words, images, both still and moving, body language, performance art, and music. In a narrative, any subject, genre, or style can be covered, and the events might be real or made up. Nonfiction and fiction can both be included in stories. There are stories to be told about everything that has ever happened, will ever happen, and will ever be. No matter the subject or the era, whenever you describe a series of events to someone, you are telling a tale.

Consequently, a tale is a comprehensive account of an event or series of events that is often told in chronological order.

<u></u>

For more information on the story, refer to the following link:

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7 0
2 years ago
g Your savings account earns 1.72% interest. You have $3,000 left over from an internship that you will put into the saving acco
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Answer:

It will take 13 years and 66 days

Explanation:

Giving the following information:

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To calculate the number of years, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)

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4 0
3 years ago
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