All categories

3 years ago

Provide two points why good judgement is important when making budgeting decisions

1 answer:

7 0

The purpose of a budget is to use good judgement in order to pay your bills and budget your money. Good judgement is mostly important because you need to be able to use good judgement to determine what bills are "needs" and what bills are "wants." This makes it so you take care of everything. The other reason I would put, is to be sure you can order your bills from most important to least important. So that you can take care of the most important "needs" before the less important "needs." Like you might need a phone, but having the unlimited plan might be a want, so the phone bill wouldn't be as important as the electric bill, even though both are needs.

You might be interested in

Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive

Agata [3.3K]

Answer:

True

Explanation:

This is a negative effect of energy subsidizes. Usually governments decide to subsidize energy consumption as a way of helping low income consumers and businesses. But at the end that doesn't happen and the results are quite the opposite. Most of the subsidies are taken by higher income families, e.g. big luxury homes use a lot of electricity. Subsidies end up reinforcing inequalities and the lower income families usually pay a higher percentage of the cost of having them.

8 0

3 years ago

Select all that apply.

Readme [11.4K]

All of them but computers

3 0

3 years ago

A Regional Sales Manager's (RSM) direct reports are frequently added as sales team members for other sales representatives' oppo

Gre4nikov [31]

It’s c because I did it before

3 0

3 years ago

Give any two examples of leakages

aleksklad [387]

Answer:

Savings, taxes, and imports are "leaked" out of the main flow

Explanation:

6 0

3 years ago

The units of an item available for sale during the year were as follows:

ioda

Answer:

FIFO LIFO Weighted Average

Inventory cost = $167,700 $145,600 $157,800

Explanation:

a) Data and Calculations:

Jan. 1 Inventory 1,000 units at $120 $120,000 $120,000

Feb. 17 Purchases 1,375 units at $128 176,000 296,000

July 21 Purchases 1,500 units at $136 204,000 500,000

Nov. 23 Purchases 1,125 units at $140 157,500 657,500

Dec. 31 Total units 5,000 $657,500

Dec. 31 Inventory 1,200

Dec. 31 Units sold 3,800

Inventory cost by:

FIFO ( first-in, first-out method)

July 21 Purchases 75 units at $136 $10,200

Nov. 23 Purchases 1,125 units at $140 157,500

Dec. 31 Inventory 1,200 $167,700

LIFO (last-in, first-out method)

Jan. 1 Inventory 1,000 units at $120 $120,000

Feb. 17 Purchases 200 units at $128 25,600

Dec. 31 Inventory 1,200 $145,600

Weighted-Average Cost Method

Total cost of goods available/Total units available for sale

= $657,500/5,000

= $131.50 per unit

Inventory cost = $157,800 ($131.50 * 1,200)

4 0

3 years ago