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4 years ago

What is a budget, how does it work, and how can it help you?

Business

2 answers:

amid [387]4 years ago

8 0

Answer:

A budget is how much you can spend

Explanation:

what i mean by that is lets say you want to buy a house for 250 thousand dollars that is your budget

seraphim [82]4 years ago

3 0

A budget is how much we spend

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If a major misdeed is committed by a brokerage that results in a substantial drain on the real estate recovery trust account, wh

Dmitry_Shevchenko [17]

Answer:

Explanation:

Real Estate Recovery Trust Account are accounts that are funded by administrative penalties and dispersed to consumers that are owed damages due to a license holder's conduct and subsequent inability to pay. These licence holders may be charged an additional $10 fee on the renewal date in order to make up for the substantial drain, or receive a special assessment if the replenishment is urgent.

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3 years ago

Missouri River Supply Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of its physical

musickatia [10]

Answer:

A. Balance Sheet

Merchandise Inventory $5,200 Understated

Current Asset $5,200 Understated

Total Assets $5,200 Understated

Owner's equity $5,200 Understated

B. Income Statement

Cost of merchandise sold $5,200 Overstated

Gross profit $5,200 Understated

Net income $5,200 Understated

C. Income Statement

Cost of merchandise sold $5,200 Understated

Gross profit $5,200 Overstated

Net income $5,200 Overstated

Explanation:

A. Calculation to State the effect of the error on the December 31, 20Y2, balance sheet of Missouri River Supply

BALANCE SHEET

Merchandise Inventory $5,200 Understated

Current Asset $5,200 Understated

Total Assets $5,200 Understated

Owner's equity $5,200 Understated

($238,600-$233,400)

B. Calculation to State the effect of the error on the income statement of Missouri River Supply for the year ended December 31, 20Y2.

INCOME STATEMENT

Cost of merchandise sold $5,200 Overstated

Gross profit $5,200 Understated

Net income $5,200 Understated

($238,600-$233,400)

C. Calculation to determine what would be the effect of the error on the 20Y3 income statement If uncorrected

INCOME STATEMENT

Cost of merchandise sold $5,200 Understated

Gross profit $5,200 Overstated

Net income $5,200 Overstated

($238,600-$233,400)

7 0

3 years ago

In competitive markets, a surplus or shortage will select one:

Andrej [43]

Answer: c.

In a competitive market, there are many producers competing to provide consumers the products they needed and thus they cannot dictate prices.

If a surplus occurs, there is an excess of quantity supplied and since producers won't be able to sell all their products, they tend or are forced to lower their price.

The reverse happens when there is a shortage. When there is less supply in the market, price increases.

Surplus and shortage in a competitive market, therefore, will cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage.

8 0

4 years ago

Information regarding income levels, education, occupations, and ethnic groups in your target market is call, a.secondary resear

enyata [817]

b. product-base research i hope i help out

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3 years ago

Read 2 more answers

Quality Cars, an independent used-car dealership, utilizes long-term consumer credit in its business. Typically, consumers are a

slavikrds [6]

Answer: The correct answer is "installment accounts".

Explanation: The quality cars business model implies that customers can pay a reduced percentage of the cash price, and for the remaining balance a financing over 48 months, charging a monthly interest for that balance. Thus Quality Cars is employing installment accounts in its business.

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3 years ago