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dexar [7]
4 years ago
12

Describe some of the mistakes americans often make when it comes to money

Business
2 answers:
goldenfox [79]4 years ago
8 0
Some of the mistakes that we made are:
- Getting loans unthoughtully
- Buying things that we don't actually need before we managed to fulfill all basic needs for our living.
- Too late to invest. In order to financially secure, it's best to set asie an investment and let the profit compound.
vovangra [49]4 years ago
3 0
<span>Some of the most common mistakes that Americans make most often when it comes to money are taking out too many loans, buying objects they cannot afford to purchase, and going deeply into debt that it is impost impossible to climb out of.</span>
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All of the following have been found to be good for running effective project meetings EXCEPT (Select one):
skad [1K]

Answer:

c. Allow a time period for socializing to support the development of a team identity.

Explanation:

Project meetings are intended to solve problems and effectively communicate among team members. A successful project meeting is characterized by good preparation, establishing appropriate start and end time to cover the agenda,  having a defined agenda to provide direction to the meeting and documenting all the decisions to ensure follow-ups. Therefore, socializing to support the develop the development of a team identity is not one of the factors since this could lead to a groupthink and discourage creativity.

4 0
3 years ago
The following information is available for a company's utility cost for operating its machines over the last four months. Month
jeka94

Answer:

The Estimated variable cost per machine hour for utilities is $2.50

Explanation:

High low method segregates the variable cost and fixed from the total cost using highest activity data and lowest activity data.

According to given data

Month   Machine hours   Utility cost

January         900               $5,450

February       1,800             $6,900

March            2,400            $8,100

April               600               $3,600

Using formula of High Low method

Variable cost = ( Cost of Highest activity - Cost of lowest activity ) / ( Highest activity - Lowest activity )

Variable cost = ( $8,100 - $3,600 ) / ( 2,400 - 600 )

Variable cost = $4,500 / 1800

Variable cost = $2.5

Fixed Cost = $8,100 - ( 2,400 x 2.5 ) = $8,100 - $6,000 = $2,100

3 0
3 years ago
(i) The equity of John Blunt limited have a total market value of $86,000. Currently, Blunt limited has excess cash of $6,000 an
Ad libitum [116K]

Answer:

6.98%

Explanation:

Blunt's total market value = $86,000

stocks outstanding = 1,500

market value per share = $86,000 / 1,500 = $57.33

excess cash = $6,000

excess cash per share = $6,000 / 1,500 = $4

if excess cash is distributed, the price per share will decrease by $4 or by $4 / $57.33 = 6.98%

if instead of distributing excess cash among stockholders, the company repurchased treasury stock, then the stock price would probably increase, instead of decreasing.

7 0
3 years ago
Today, most union members work as Select one:
Karolina [17]

Answer:

(d.) teachers, police, and civil servants.

Explanation:

Trade union can be defined as an association of workers that forms a legal unit and acts as a legal representative for the workers in that unit in solving matters that may arise from law or right infringement.

In today union, members work as engineers, security, students, teachers.

5 0
3 years ago
On January 10, 2022, Sweet Acacia Industries sold merchandise on account to Tompkins for $8,380, terms n/30. On February 9, Tomp
VARVARA [1.3K]

Answer and Explanation:

The Journal entry is shown below:-

1. Accounts receivable Dr,              $8,380

          To sales revenue                              $8,380

(Being credit sales is recorded)

For recording the credit sales we simply debited the accounts receivable and credited the sales revenue)

2. 7% Notes receivable Account Dr, $8,380

             To Accounts receivable                     $8,380

(Being settlement with the account is recorded)

For recording the settlement with the account  we simply debited the 7% Notes receivable and credited the accounts receivable.)

5 0
3 years ago
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