1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena-14-01-66 [18.8K]
3 years ago
5

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
To be effective issuing and investing in bonds, knowledge of their terminology, characteristics, and features is essential. For
Gnesinka [82]

Answer: See explanation

Explanation:

A bond’s (face value) is generally $1,000 and represents the amount borrowed from the bond’s first purchaser.

A bond issuer is said to be in (default) if it does not pay the interest or the principal in accordance with the terms of the indenture agreement or if it violates one or more of the issue’s restrictive covenants.

A bond contract feature that requires the issuer to retire a specified portion of the bond issue each year is called a (sinking fund provision).

A bond’s (call provision) gives the issuer the right to call, or redeem, a bond at specific times and under specific conditions.

The face value is the dollar value of a security, or a stock's original cost. Default means when the bond issuer doesn't agree with the stated terms of the bond.

4 0
2 years ago
Select all of the true statements regarding Gary Hamel's thoughts on management:
SIZIF [17.4K]

Answer: • management innovation is essential to future organizational success

• we must look at management as a process, and then make improvements and innovation ongoing and systematic

• much of management theory is dated and doesn't fit the current realities of organizational life

Explanation:

The true statements regarding Gary Hamel's thoughts on management are:

1. management innovation is essential to future organizational success

2. we must look at management as a process, and then make improvements and innovation ongoing and systematic

3. much of management theory is dated and doesn't fit the current realities of organizational life

According to Gary Hamel, yesterday's best practices of organizations can not be creative or adaptable for the business challenges tomorrow.

7 0
3 years ago
Under the original issue discount (OID) rules as applied to a three-year certificate of deposit:a. All of the income must be rec
storchak [24]

Answer:

D. The interest income will be greater in the third year than in the first year.

7 0
3 years ago
According to
defon
<span>C.K. Prahalad was a teacher at the University of Michigan and very influential business thinker.</span><span>
According to C.K. Prahalad, the first stage of globalization is </span>when companies produce goods in one country and export them to other countries.
The second stage is when global businesses establish subsidiaries to handle the exports from their home country and at the third stage global firms set up operations in other countries.
7 0
3 years ago
The Colson Company issued $407,000 of 9% bonds on January 1, 2014. The bonds are due January 1, 2020, with interest payable each
Zielflug [23.3K]

Answer:

Dr cash    $407,000

Cr bonds payable       $407,000

July 1

Dr interest expense   $ 18,315.00  

Cr cash                                              $ 18,315.00  

December 31

Dr interest expense   $ 18,315.00  

Cr interest payable                                          $ 18,315.00  

Explanation:

The bond was issued at face value of $407,000 which means that cash of $407,000 was received which is to be debited to cash account and bonds payable account credited for the same amount.

On July1 ,interest coupon of  $ 18,315.00   ($407,000*8%*6/12) was paid which means that interest expense is debited with $ 18,315.00   while cash is credited.

On 31 December ,interest coupon of  $ 18,315.00   ($407,000*8%*6/12) was due  which means that interest expense is debited with $ 18,315.00   while interest payable is credited.

6 0
3 years ago
Other questions:
  • Savallas Company is highly automated and uses computers to control manufacturing operations. The company uses a job-order costin
    5·1 answer
  • Critical Thinking Questions What investment options are open to Natasha? What chance does she have of earning a satisfactory ret
    8·1 answer
  • Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unempl
    7·1 answer
  • Holly Farms has sales of $509,600, costs of $448,150, depreciation expense of $36,100, and interest paid of $12,400. The tax rat
    6·1 answer
  • The stock is currently selling for $15.25 per share, and its noncallable $1,000 par value, 20-year, 7.25% bonds with semiannual
    14·1 answer
  • The following information relates to the manufacturing operations of the JNR Printing Company for the year:
    10·1 answer
  • Which of the following statements is CORRECT? Group of answer choices
    10·1 answer
  • Corner Supply has a current accounts receivable balance of $246,000. Credit sales for the year just ended were $2,430,000. How m
    6·1 answer
  • Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product kn
    7·1 answer
  • Consider an economy described by the combined solow and romer model. If this economy is on its balanced growth path when an exog
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!