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3 years ago

Does managing your money well mean you cannot have fun with your money

1 answer:

4 0

Managing your money well does not mean you can not have fun with your money. Managing your money well means making careful plans for your spending. It involves deciding ahead of time what you will use your money for and what you will not attempt spending your money on. Doing this gives you an effective hold on your finances and helps you to save money instead of spending it impulsively on things that are not your needs.
You can have fun with your money by spending it on things that you enjoy, but deciding ahead of time the exact amount you are ready to spend on those things will makes a better money manager.

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In the design of a chemical plant, the following costs and revenues (in the third year of production) are projected:

miss Akunina [59]

Answer:

Explanation:

6 0

3 years ago

It is important to know your own strengths and weakness. T or F I'm pretty sure its T but I wanna make sure-

stepan [7]

Answer:

True.

Explanation:

Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.

The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.

Hence, it is important to know your own strengths and weakness because it would help in the decision-making process.

7 0

2 years ago

Substance use/abuse becomes a form of self-soothing when you feel stress or anxious

docker41 [41]

It is true that substance use can make you feel self-soothing when you feel stress or anxious. When you abuse these substances, it will make you feel dependent on them because of you wanting them every day. This is the reason why abusing substances can harm your body and make you feel uncomfortable without it.

5 0

3 years ago

You have successfully started and operated a company for the past 10 years. You have decided that it is time to sell your compan

VikaD [51]

Answer:

$5,225,417

Explanation:

first payment 800000

1 quarter 250000

2 quarters 254000

3 quarters 258064

4 quarters 262193

5 quarters 266388

6 quarters 270650

7 quarters 274981

8 quarters 279380

9 quarters 283851

10 quarters 288392

11 quarters 293006

12 quarters 297694

13 quarters 302458

14 quarters 307297

15 quarters 312214

16 quarters 317209

17 quarters 322284

18 quarters 327441

19 quarters 332680

20 quarters 338003

11% = (1 + i/4)⁴

i = 0.106

quarterly interest = 2.65%

Now we need to determine the present value of this annuity and our discount rate is 2.65%. I will use an excel spreadsheet to determine the present value of the 20 quarterly payments and then add the initial payment.

$4,425,417 + $800,000 = $5,225,417

5 0

3 years ago

Infinity Clock Company prepared the following static budget for the year: Static Budget Units/Volume 5 comma 000 Per Unit Sale

aalyn [17]

Answer:

a) Operating income - $33,800

Explanation:

The flexible budget would be prepared for a different activity level of 6,300 production units but using the assumptions of the fixed budget

Sales revenue - ($7× 6,300 units ) : 44,100.00

Less Variable cost - ($1 × 6,300 units ) : ( 6,300)

Contribution 37,800

Less Fixed costs (4,000)

33,800

Note that the fixed costs of $4000 remains the same for both the static and flexible budgets. This is because the activity level of 6,300 units of the flexible budget remains within relevant range. So the fixed cost would not change.

4 0

3 years ago