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Rainbow [258]
3 years ago
15

Having a well formed budget can help you become a financially independent individual. Identify and explain two reasons a budget

can help you on your path to financial independence. Finally, identify and explain two difficulties you may face when trying to establish and follow a budget.
Business
1 answer:
alex41 [277]3 years ago
7 0
One reason having a budget will help you become a financially independent person is that it helps you cut off any unnecessary purchases which helps you save money and makes you more independent. Another reason is that it lets you keep track of your needs and wants which makes you more independent if in a case you were to become bankrupt you'd already be prepared and be able to spend your savings wisely. One of the troubles you may face include, impulse purchases. You may make many impulse purchases (for example, when you're in a lineup at a grocery store you may grab a candy bar without thinking and but it). Another trouble you may face is figuring out the true difference between a need and want. You may believe that your truly need something but in reality it's a want (for example, do you really need that jacket? Jackets are essential to keep you warm but you already have enough). I hope this helps! :)
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select the correct answer. weight management is one benefit of participating in sports. which sentence is true regarding weight
aksik [14]

Regular participation in sports helps preserve muscle mass.

What is Weight Management ?

Weight management is the process of making long-term lifestyle changes to maintain a healthy body weight based on a person's age, gender, and height. Weight management techniques include maintaining a balanced diet and improving physical activity levels.

The overarching goals of weight loss and management are:

  • To avoid further weight gain. If prescribed, to lose weight.
  • To maintain a reduced body weight over time.
  • Specific targets can be set for each of these objectives.

Meal planning allows you to make healthier choices that are not driven by physical hunger. Plan home-cooked meals, with restaurant dining reserved for exceptional occasions. Packing low-calorie snacks such as fresh fruits, veggies, and whole grains will help regulate hunger throughout the day.

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Complete Question :-

Weight management is one benefit of participating in sports. Which sentence is true regarding weight management?

  1. To lose weight you must burn fewer calories than you consume.
  2. Regular participation in sports helps preserve muscle mass.
  3. You burn more calories when engaged in a sports activity that is less intense.
  4. Sports can help you control your weight regardless of your diet.
5 0
1 year ago
a conflict of interest in research could result when a physician is paid as a consultant for a pharmaceutical company and also c
Roman55 [17]

False, since both roles are in the capacity of research and does not compromise results. So there is no conflict of interest in research.

Conflicts of interest are situations in which professional judgments or actions regarding a primary concern, such as a medical researcher's responsibilities, may be easily persuaded by a secondary interest, such as monetary benefit or professional advancement.

Many doctors work full-time for biotech and pharmaceutical companies, as well as medical device manufacturers. They work in research, product development, or administration. In fact, a few of them own the businesses. This is not conflict of interest.

Learn more on conflict of interest-

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6 0
1 year ago
Explain the importance of thoroughly checking your SAR and what steps you can
melisa1 [442]

Based on financial analysis, the importance of thoroughly checking your SAR is that "possessing an accurate SAR gives individuals the high tendency of earning a financial aid award."

Generally, the financial aid awards depend on the accurate details given in the SAR report.

However, should there be an error in the SAR report, here is the step you can take:

Either you correct or update your Free Application for Federal Student Aid, often referred to as FAFSA form.

The FAFSA form can be filled online.

SAR is an acronym for Student Aid Report.

Hence, in this case, it is concluded that SAR information is crucial for students that need financial aids.

Learn more here: brainly.com/question/24801462

5 0
2 years ago
Savallas Company is highly automated and uses computers to control manufacturing operations. The company uses a job-order costin
Setler79 [48]

Answer:

Part 1.  Compute the company%u2019s predetermined overhead rate for the year

Predetermined overhead rate  = $15 / Computer Hour

Part 2. Compute the underapplied or overapplied overhead for the year.

Underapplied Overheads are: $1,350,000 -  $900,000 = $450,000

Part 3.  Assume the company closes any underapplied or overapplied overhead directly to cost of goods sold. Prepare the appropriate journal entry.

Cost of goods sold $450,000 (debit)

Overhead Account $450,000 (credit)

Part 4. Company allocates any underapplied or overapplied overhead to work in process, finished goods, and cost of goods sold on the basis of the amount of overhead applied during the year that remains in each account at the end of the year:

Work In Process $18,000 (debit)

Finished Goods $73,008 (debit)

Cost of Goods Sold $315,000 (debit)

Overhead Account $450,000(credit)

Explanation:

Part 1.  Compute the company%u2019s predetermined overhead rate for the year

Predetermined overhead rate = Budgeted Overheads / Budgeted Activity

                                                    = $1,275,000/ 85,000

                                                    = $15 / Computer Hour

Part 2. Compute the underapplied or overapplied overhead for the year.

Applied Overheads = Actual hours × Predetermined overhead rate

                                 = 60,000 × $15

                                 =  $900,000

Actual Overheads = given = $1,350,000

Applied Overheads $900,000 < Actual Overheads $1,350,000, thus we have an underapplied situation

Therefore Underapplied Overheads are: $1,350,000 -  $900,000 = $450,000

Part 3.  Assume the company closes any underapplied or overapplied overhead directly to cost of goods sold. Prepare the appropriate journal entry.

Cost of goods sold $450,000 (debit)

Overhead Account $450,000 (credit)

Part 4. Company allocates any underapplied or overapplied overhead to work in process, finished goods, and cost of goods sold on the basis of the amount of overhead applied during the year that remains in each account at the end of the year:

Allocations:

                                         Totals          Weighted Average%       Allocation

Work In Process              $43,200                   4%                           $18,000

Finished Goods              $280,800               26%                           $73,008

Cost of Goods Sold        $756,000               70%                          $315,000

Total                                $1,080,000            100%                         $450,000

Journals:

Work In Process $18,000 (debit)

Finished Goods $73,008 (debit)

Cost of Goods Sold $315,000 (debit)

Overhead Account $450,000(credit)

5 0
3 years ago
Zigzag Manufacturing has just hired a new controller, Leslie Demorest. During her first week on the job, Leslie was asked to est
Marizza181 [45]

Answer:

Zigzag Manufacturing

The Effectiveness of Leslie Demorest's Budgeting Strategy

The strategy of adjusting the previous year's operating expenses with inflation is not an effective way of strategic budget planning.  Leslie's budgeting strategy does not take advantage of forecasts of unexpectedly good performance and fails to provide any reaction that can occur when there are downturns in cash flow.

An effective budgeting strategy should provide the standard for the effective use of financial resources of Zigzag Manufacturing in its business operations.  There are no clear goals to be achieved and an evaluation of how the goals will be achieved through the budget implementation.

Explanation:

An effective budget should be able to forecast and track revenues and expenses, which are received and incurred in pursuit of business goals and projections.  An effective budget ensures that those who implement the projections contained in the budget remain motivated.  The idea of adjusting previous expenses with inflation is not an effective budgeting strategy.

3 0
3 years ago
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