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4 years ago

Why is budgeting so important?

2 answers:

6 0

It allows you to carefully conserve and save your money so that you can have more in the long term but also have some to spend on everyday items.

Setler79 [48]4 years ago

4 0

Budgeting insures that you will always have enough money for the things thst you need and the things that are important to you

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List 4 stakeholders

Arada [10]

Answer:

Employees,Governments,Local communities,customer

4 0

3 years ago

Which is not a factor that an insurance company would consider before

babunello [35]

I would suggest B because I wouldn’t believe would want their house to be gone

5 0

2 years ago

The statement of cash flows shows the following information: Cash provided by operating activities of $18,200 Cash used by inves

Rudiy27

Answer:

$27,400

Explanation:

The amount of cash at the end of the period is calculated as;

Cash provided by operating activities

$18,200

Cash used by investing activities

($6,700)

Cash used by financing activities

($1,200)

Net increase (decrease) in cash balance

(a) $10,300

Cash at the beginning of the year

(b) $17,100

Cash at the end of the year

c = (a) + (b) = $27,400

8 0

3 years ago

sally borrowed $1000 from her friend monique two years ago. their arrangement required sally to repay $250 each year for the sub

ANEK [815]

Answer:

Explanation:

Here are the options to this question :

A. yes, 475 is more than the PV of the two remaining payments

B. More information is needed to decide

C. Monique is indifferent between the options, the PVs are equivalent

D. No, the PV of the remaining two payments is more than 475

We have to determine the present value of the remaining two payments and compare the options

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 0

Cash flow in year 2 = 0

Cash flow in year 3 = 250

Cash flow in year 4 = 250

I = 2%

PV = $466.54

$475 is greater than $466.54. Therefore, she should accept the single $475 payment

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

8 0

3 years ago

Consider a $2,700 deposit earning 6 percent interest per year for 9 years. How much total interest is earned on the original dep

kaheart [24]

Answer:

Total interest earned on the original deposit=$403.593

Explanation:

Total Interest earned after 6 years using compound Interest:

$FV=PV(1+i)^n$

Where:

PV is the deposit amount

i is the interest Rate

$FV=\$2,700(1+0.06)^9$

FV=$4561.593

Total Interest earned after 6 years=FV-PV

Total Interest earned after 6 years=$4561.593-$2,700

Total Interest earned after 6 years=$1861.593

Total Interest earned after 6 years using single Interest:

Total Interest=$2,700*0.06*9

Total Interest =$1458

Total interest earned on the original deposit=Total Interest earned after 6 years-Total Interest

Total interest earned on the original deposit=$1861.593-$1458

Total interest earned on the original deposit=$403.593

5 0

4 years ago