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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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Margin of safety is computed as: a. Actual sales - Break-even sales. b. Contribution margin - Fixed costs. c. Break-even sales -

Vera_Pavlovna [14]

Answer:

A. Actual Sales - Break-even sales

Explanation:

In business studies, Margin of safety (MOS) is the difference between actual/projected/budgeted sales and the level of break even sales. It is calculated by subtracting break even sales from projected or budgeted sales.

It is usually calculated by a company to know the level of percentage by which sales can drop in that company, before they start incurring losses. IT IS A MEASURE OF BUSINESS RISK.

3 0

2 years ago

Mill Company began operations on January 1,2017, and recognized income from construction-type contracts under different methods

ANTONII [103]

Answer:

i. Deferred income taxes balance on December 2019 is $192,500

ii. Deferred tax asset.

Explanation:

Year Tax purpose Book purpose Difference Deferred tax book

2017 $400,000 $0 $400,000 $140,000

2018 $625,000 $375,000 $250,000 $87,500

2019 $750,000 $850,000 ($100,000) ($35,000)

Deferred tax asset balance on December 2019 = $192,500

Working

Deferred tax book

2017 = 400,000 * 35% = $140,000

2018 = 250,000 * 35% = $87,500

2019 = (100,000) * 35% = ($35,000)

ii. Book income is less than tax income in 2017 and 2018. Deferred tax asset would be accounted. Book income is higher than tax income in 2019. Deferred tax asset would be reverse (i.e. deferred tax liability). Balance at the end of December 31, 2019 would be Deferred tax asset.

4 0

3 years ago

After segmentation, the customer group selected by a firm is referred to as the target market.

love history [14]

True.

Segmentation allows a firm to break the customer market by different categories and groups, such as demographics, market location, age, gender, and more. The segmentation process uses data to help the firm choose its target market to capture the most value. The customer group selected is then the target market for the firm.

7 0

3 years ago

When you catch a fast-moving baseball with your bare hand, a good idea is to catch it so that your hand stops it?

jarptica [38.1K]

You want your hand to "give" a bit when you catch the ball. You don't want want the ball to come to a hard stop because that would risk hurting your hand.

4 0

3 years ago

The statement of owner's equity begins with the beginning balance followed by a.adding net income less withdrawals b.adding inve

ddd [48]

Answer:

D. Adding investments plus net income less withdrawals.

Explanation:

This statement is generally used to show the owners capital at the beginning of an investment period which is seen or said to affect or changes in balance sheet at a section termed to be the equity section. It is said to reveal and let a shareholder know the additional and subtractional changes that happens/happened in the shareholders account.

In some certain business kind which ranges from a sole proprietorship type of business to the others, movement in capital occurs as a result of some elements.

Therefore it is seen that net income less withdrawals and also investment adding is been seen after an investors equity statement in the beginning of account balancing.

6 0

3 years ago