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
Lina20 [59]
4 years ago
14

Write a paragraph that explains the most important principles to keep in mind when creating a budget. Describe at least three im

portant principles in your answer.
Business
2 answers:
BlackZzzverrR [31]4 years ago
5 0
When creating a budget you want to remember your income level and what you can afford. If you only make 200$ every week you don't want out budget to be 200$ cause you won't have anything for savings. You also want to keep in mind your wants verses needs. the last thing you want to keep in mind is whatever your buying is it worth spending money on i.e. good quality, last you while, etc.
valentina_108 [34]4 years ago
4 0

Sample Response: It all starts by setting clear goals. You need to know what you want to accomplish in the short term and the long term. Then, you can examine your goals to find your needs and wants. You can accomplish these needs and wants by categorizing your expenses into fixed and variable categories. By keeping all of these principles in mind, you will be able to balance your budget. This will allow you to save money while also spending enough to meet your goals.

This is the sample from Ed gen uity ! Put it in your own words before submitting :)

You might be interested in
Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the goods so
Crazy boy [7]

Explanation:

On the books of Shore Co

Cash A/c Dr $111,560

Sales discount A/c $2,240           ($11,2000 x 2%)

              To Accounts receivable A/c $113,800           ($112,000 + $1,800)

(Being cash is received)

On the books of Blue star

Accounts payable A/c Dr $113,800    ($112,000 + $1,800)

               To Merchandise inventory A/c $2,240              ($11,2000 x 2%)

                To Cash A/c $111,560

(Being cash is paid)

8 0
3 years ago
Paula considers herself to be a responsible person. She upholds moral and legal laws and conforms to the expectations of others.
kolezko [41]

Answer:

The correct answer is: conventional.

Explanation:

Conventional moral development is the stage in which individuals accept moral laws conceived by society or by entities who rule them. At this stage, even if there is a reason for not following those regulations, individuals opt for keeping a sense of morality in the situation and stand for those rules.

8 0
3 years ago
Consider the following data for a closed economy:
notsponge [240]

Answer: The answer is given below

Explanation:

a. . Private saving

Private saving=Y+TR-C-T

= $11t + $1t - $8t - $3t

= $12 trillion - $11 trillion

= $1 trillion

b. Public saving

Public Saving= T-G-TR

Since G is not given, we can use:

I = public saving + private saving

$2t = public savings + $1t

Public saving= $2 trillion - $1 trillion

Public savings = $1 trillion

c. Goverment purchases

Since public savings = T - G - TR

$1t = $3t - G - $1t

G = $3t - $1t - $1t

G = $3 trillion - $2 trillion

G = $1 trillion

d. The goverment budget deficit or budget surplus.

There is a budget surplus of $1 trillion which has been calculated in the public savings.

4 0
3 years ago
S&L Financial buys and sells securities that it typically classifies as available-for-sale. On December 27, 2018, S&L pu
nikdorinn [45]

Answer:

2018 loss for 1,500

2019 gain for 4,000

Explanation:

purchase at 715,000

December 31th 713,500

adjusting entry december 31th

loss on investment          1,500 debit

    marketable securities                     1,500 credit

january 3rd, 2019

cash                                717,500 debit

     gain on investemnt                       4,000 credit

     martetable securities                 713,500 credit

to record gain on investment

6 0
3 years ago
E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first di
tensa zangetsu [6.8K]

Answer:

$63.27

Explanation:

Calculation of how much should you pay on the stock today

First step

The Price of stock 19 years from now will be:.

20/0.075

= 266.67

Second step

The Price of stock today will be :

The price of stock from 19 years from now which is:

250 / (1.075)^19

=250/3.951489

=$63.27

Therefore how much should you pay on the stock today will be $63.27

5 0
3 years ago
Other questions:
  • Pettit Ice Cream Company produces various ice cream products for which demand is highly seasonal. The company sells more ice cre
    11·1 answer
  • Waterway Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $145,600 Allowance
    7·1 answer
  • A corporation's minimum legal capital is established by recording the par or stated value of the number of shares:
    9·1 answer
  • Masterson Company's budgeted production calls for 68,000 units in April and 64,000 units in May of a key raw material that costs
    5·1 answer
  • The project plan is supported by:
    13·1 answer
  • Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.60% of
    5·1 answer
  • Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product pricing. The costs of producing a
    12·1 answer
  • Assess each of the "Post Marketing Concept Approaches" from the eText with regard to their suitability to individual competitive
    8·1 answer
  • Jones, Incorporated acquires 15% of Anderson Corporation on January 1, 2020, for $105,000 when the book value of Anderson was $6
    12·1 answer
  • The national economic forecast for the next two years prepared by the staff of the Board of Governors is published in the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!