Answer:
50 percent: your needs
20 percent: your savings and debt
30 percent: your wants
Explanation:
Budgeting your money using the "50/20/30" rule:
50 percent: Your needs. 50 percent of your paycheck should be set aside for the essentials, the core things you need to live. These include utilities, groceries, and rent, prescription medications, gas for your car, or the minimum payment on your credit card.
20 percent: Your savings and debt. The next 20 percent of your paycheck is for your savings and debt repayments. In other words, paying off the past and investing in the future
30 percent: Your wants. The remaining 30 percent should be spent on things that you want but could live without. This 30 percent allows for flexible spending and, perhaps, a happier life.
This could include money for vacations, shopping sprees, or a car you really covet. But remember, these "wants" include all things that aren't needed to stay afloat, so be sure to prioritize.
Answer:
are the losses which have already been incurred and which are unrecoverable.
Explanation:
Sunk costs are costs that have already been incurred and are not unrecoverable. They are not considered in future decision making.
Total cost is the sum of fixed and variable cost.
I hope my answer helps you
Answer:
1) October 1 2015, Cash $39.2million Dr
Notes Payable $39.2million Cr
2) December 31, 2015 Interest expense $0.784million Dr
Interest Payable $0.784million Cr
3) September 30, 2016 Notes Payable $39.2million Dr
Interest Payable $0.784million Dr
Interest Expense $2.352million Dr
Cash $42.336million Cr
Explanation:
1.
When note is issued, liability is credit by the notes value and cash is credited.
2.
The adjusting entry is prepared 3 months after the note is issued so the 3 month's interest on note relates to 2015 and it should be recorded as expense and as it is payable at maturity so interest payable is credited.
3 month interest = 39.2 * 0.08 * 3/12 = 0.784million
3.
The note and interest will be payable that was accrued along with the remaining 9 months interest. Total interest is 39.2 * 0.08 = 3.136million
The answer is B, which is weight of gold. I say this because money is used as a means of exchange, that is; it is used to get goods.
Money is also used to store value because if you pay for something, you value it more.
It is also a unit of account. Hope i helped. Have a nice day.
Answer:
A. Yes, under the misappropriation theory
Explanation:
The misappropriation theory postulates that if someone uses insider information in trading securities has committed securities fraud against the information source
