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3 years ago

The first step in creating a budget is to identify your expenses. true or false.

Business

2 answers:

Lerok [7]3 years ago

6 0

Answer: True

Explanation:

Yes, the given statement is true that the initial or the first step of creating a proper budget we always create a list and then identify our expenses according to the specific requirement.

We should always keep the all the financial records regularly so that we can make the proper budget list of the expenses. The budget is basically depend upon the individual living requirement, expenses and the income.

sergij07 [2.7K]3 years ago

5 0

The answer is True. Hope this helps

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a camera manufacturer spends $1,800 each day for overhead expenses plus $9 per camera for labor and materials. the cameras sell

poizon [28]

Amount of money spent per day = $1800
Cost of overhead expenses per day for labor and materials = $9
Selling price of each camera = $18
a. Let us assume the number of cameras manufactured per day = x dollars
Then
Cost of cameras sold in 1 day = 18x
So
18x = 1800 + 9x
18x - 9x = 1800
9x = 1800
x = 200
From the above deduction, we can conclude that the number cameras sold per day is 200
b. Daily selling amount of 250 cameras = 250 * 18
= 4500 dollars
Daily manufacturing price of 250 cameras = 1800 + (9 * 250)
= 4050 dollars
Then
Daily profit = 4500 - 4050
= 450 dollars

5 0

3 years ago

The study by economists Cox and Alm found that the 2006 pre-tax income of the richest fifth of U.S. households is a. 5 times the

umka2103 [35]

I honest have know idea what I’m doing

6 0

3 years ago

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this

Alborosie

Answer:

Nominal variable - Price of a donut is $3.00 in 2008

Real variable- Price of a magazine is 3 donuts in 2008.

Explanation:

In 2008 the price of a magazine was $9.00. While the price of a donut was $3.00. Deborah's income was $27.00 per hour.

Nominal variable's are those which are expressed in terms of money. While, real variables are those variables which are expressed in terms of other goods or services.

The nominal variables will include:

a. The price of a donut is $3.00 in 2008.

The other two options are not nominal variables as they are expressed in terms of the other variable.

The following variables give us the real value of a variable:

b. The price of a magazine is 3 donuts in 2008.

Deborah's wage and price of a magazine are both nominal variables. They are not expressed in terms of any other variable.

In 2013, Deborah's wage is $54.00. The price of a magazine is $18.00 and price of a donut is $6.00.

Relative price is the price price of a good expressed in terms of the other good. The price of magazine in 2013 is $18.00. While, price of donut is $6.00.

$Relative price = \frac{Price of a magazine}{Price of a donut} \\ = \frac{18}{6}\\ = 3$

Thus, in 2013, the relative price of a magazine is 3 donuts.

As can be seen that from 2008 - 2013, the wage doubles. But at the same time the price of both magazine and donuts also doubles. This can be seen from the relative purchasing power of income. So, between 2008-2013 the nominal value of wage increased and the real value of her wage remained the same.

Monetary neutrality is the proposition that a change in the money supply affects nominal variables and does not affect real variables.

8 0

3 years ago

Your corporation has the following cash flows: Operating income $250,000 Interest received $ 10,000 Interest paid $ 45,000 Divid

masha68 [24]

Answer: $88,400

Explanation:

My corporation Plc

Corporate tax for the year

Operating incom $250,000

Interest received $10,000

Interest paid ($45,000)

Dividends received $6,000

Taxable income $221,000

Since the tax rate is 40%

Tax= 0.4x($221,000) = $88,400.

NOTES

Taxable income is (250000+10000+6000-45000)

Interest paid is in bracket because it's a deduction.

70% of dividends received is excepted from tax

0.3x20000=$6000

Dividends paid out is after tax has been deducted.

8 0

3 years ago

Consider the following cash flows: Year Cash Flow 0 –$ 33,000 1 13,400 2 18,300 3 10,800 What is the IRR of the cash flows? (Do

murzikaleks [220]

Answer:

14.23%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator

Cash flow in year 0 = –$ 33,000

Cash flow in year 1 = 13,400

Cash flow in year 2 = 18,300

Cash flow in year 3 = 10,800

IRR = 14.23%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

3 0

3 years ago