All categories

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

You might be interested in

A company purchased a commercial dishwasher by paying cash of $5,000. The dishwasher's fair value on the date of the purchase wa

Fed [463]

Answer:

$5,700

Explanation:

Purchased of a commercial dishwasher + Incurred transportation costs+ Installation fees= Total recorded amounts

$5,000 + $400 + $300 = $5,700.

Therefore the amount that the company will record the dishwasher is $5,700 because the parking ticket should be expensed as incurred due to the fact that it is not a cost necessary to get the asset ready for use.

7 0

3 years ago

What are two things you need to maintain if you assist a person with banking and bill paying?

Anton [14]

Answer:

transaction record and a reconciliation of the transactions

An adequate bank balance and a budget.

Legal guardianship of the person and power of attorney

Your documentation as payee for the person you support and the bankbook

8 0

3 years ago

On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four useful

Ymorist [56]

Answer:

$10,000

Explanation:

Depreciation is charged to every asset based on the life and usage of such asset.

Straight line depreciation method charges equivalent depreciation each year of the useful life of the asset.

Here, as provided straight line depreciation = $\frac{Cost\ of\ asset\ - Salvage\ value}{Life\ of\ asset}$

Here, cost of asset = $48,000

Salvage value = $8,000

Thus, numerator in fraction = $48,000 - $8,000 = $40,000

Useful life of the asset = 4 years

Therefore, depreciation expense for each year = $\frac{40,000}{4\ years} = 10,000$

It will be same for each year, therefore, depreciation expense for year 2 = $10,000

3 0

3 years ago

All employees at Wally World Amusement Park are required to work on weekends because that is 80% of the customers visit the park

Paladinen [302]

Answer:

No, the park must not accommodate his request

Explanation:

Employees of any organization are usually given a letter of appointment which states amongst other things, the requirements of the place of employment.

Wally world has clearly stated that working on weekends is a company REQUIREMENT.

So Alex going to Church on Sunday which is his preference should not stop him from fulfilling his work place requirement

8 0

3 years ago

Read 2 more answers

I need help ASAP.......If you were interviewing someone what questions would you ask???

Rzqust [24]

Answer:

Tell me about yourself.

What are your strengths?

What are your weaknesses?

Why do you want this job?

Where would you like to be in your career five years from now?

What's your ideal company?

What attracted you to this company?

Why should we hire you?

Explanation:

They are basic questions :]

7 0

2 years ago

Read 2 more answers