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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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The law of supply:
Vlad [161]

Answer:

The law of supply reflects the amount that producers will want to offer at each price in a series of prices.

Explanation:

The law of supply determines that the quantity offered of a good increases as its price increases, keeping the remaining variables constant. The quantity offered is directly proportional to the price.

Specifically, it determines the amount of a particular good or service that is offered by the producers taking into account its price. Usually the relationship between this quantity and the price variable will be direct or positive, unlike in the demand law.

8 0
3 years ago
What must profit-seeking entrepreneurs do in order to be successful?
Nostrana [21]
To put it simply, they have to develop a product that make people want to pay to acquire it.

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3 years ago
In much of the United States and Canada, logging takes place in both privately owned and government-owned forests. a. Privately
never [62]

Answer:

A.) private, nonrival, and excludable

B.) Common resources

C. Faster

Explanation:

A. A privately owned forest is a private good. This goods ownership is restricted to those that bought it. No one else shares in the use of this good. Therefore the answer here is that it is private, non rival and also excludable.

B. If anyone is able to enter a government forest legally it means it is a common good. Common goods are goods with rivalry but are non excludable.

C. The rate of logging in a government owned forest would be faster since there is little cost to cutting the trees, especially when there is no regulation.

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2 years ago
Address You, a fancy dress manufacturer, sold a dress for $8,000 on credit. The cost of producing this dress was $1,000. First,
givi [52]

Answer:

It will affect the accounting equation in $7.000.

Explanation:

The Assets will increase in $8.000 because Address You now have the right to claim to a customer $8.000 and is recognized in the Receivables. At the same time, Address You has to diminish its inventories at $1.000, because it delivered the dress to the customer. Finally, on the other hand, the profits for selling the dress ($8.000 - $1.000) affect the equity, and now the Accounting equation is balanced.

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the best choice would be to become a TAX AUDITOR.

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Read 2 more answers
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