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cricket20 [7]
3 years ago
7

Steven is trying to save for a new car. What does he need to created to help him decide how much of his income needs to be used

for expenses and how much he can save
Business
2 answers:
Andrej [43]3 years ago
7 0

Steven needs to create a budget that will list all of his expenses each month with regards to the income he brings in. Once Steven sits down and creates the budget he will see the money that is left over once he is done paying all of his necessary bills. The money that is left over can be saved to purchase a new car.

Aneli [31]3 years ago
4 0
Sit down and list all his debits each month, then deduct that from his income,  to find out how much he will have left over to put away in a savings account.
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On November 1, Bahama National Bank lends $3.8 million and accepts a six-month, 6% note receivable. Interest is due at maturity.
babymother [125]

Answer and Explanation:

The journal entries are shown below:

a. Note receivable Dr $3,800,000

        To Cash $3,800,000

(Being the acceptance of the note is recorded)

For recording this we debited the note receivable as it increased the assets and credited the cash as it decreased the liabilities

b. Interest receivable Dr  $38,000

                 To Interest revenue  $38,000

(Being the interest revenue is recorded)

For recording this we debited the interest receivable as it increased the assets and credited the interest revenue as it increased the revenue

The computation is shown below:

= $3,800,000 × 6% × 2 months ÷ 12 months

= $38,000

,

7 0
3 years ago
For each of the six basic tactics, select the set of action steps (a to f) that describe the tactic. tactics action steps - repo
polet [3.4K]

1 ABCDEF- Reposition a product 2 ABCDEF- Marketing a product 3 ABCDEF- Scheduling production 4 ABCDEF- Modifying plant and equipment 5 ABCDEF- Raising money and paying debt 6 ABCDEF- Inventing a new product

5 0
3 years ago
Read 2 more answers
Two incinerators are being considered by a waste management company. Design A has an initial cost of $2,500,000, has annual oper
Vika [28.1K]

Answer:

<u>Desing A:   </u>23,024,370‬

<u>Desing B:   </u>22,520,274.6

It should purchase desing B as the capitalized cost is lower.

Explanation:

We consider annuity for the overhauls and then, perpetuity to consider this incinerators will last indefinitely.

maintenance cost: 800,000 / 0.05 = 16,000,000

<u>Overhaul: </u>

The company will need to fund 1,250,000 every 5 years. We need to determinate the annuity to obtain this future value:

FV \div \frac{(1+r)^{time} -1}{rate} = C\\

PV 1,250,000

time 5

rate 0.05

1250000 \div \frac{(1+0.05)^{5} -1}{0.05} = C\\

C  $  $ 226,218.498

<u>Then at perpetuity:</u>

$ 226,218.498  / 0.05 = 4,524,370

<u>Desing A capitalized cost:</u>

2,500,000 + 16,000,000 + 4,524,370 = 23,024,370‬

We do the same for Desing B:

investment: 5,750,000

maintenance: 600,000 / 0.05 = 12,000,000

overhaul:

3000000 \div \frac{1-(1+0.05)^{-10} }{0.05} = C\\

C  $ 238,513.725

238,513.73/0.05 =  4,770,274.6

Capitalized cost: 5,750,000 + 12,000,000 + 4,770,274.6 = 22,520,274.6‬

8 0
3 years ago
The use of theory and observation is more difficult in economics than in sciences such as physics due to the difficulty in a. fo
kupik [55]

Answer:

b. performing an experiment in an economic system.

Explanation:

In contrast to scientific experimentation, whereby connections and differences can be measured between two or more variables. In economics, theory and observation are more difficult than in sciences such as physics due to the difficulty in performing an experiment in an economic system, as human beings' opinions change over time, due to dynamism in human society.

Hence, in this case, the correct answer is option

3 0
3 years ago
The primary _______ of autotrader.com's research was to connect advertising on its website to actual dealership visits by custom
astra-53 [7]
The answer to this question is Objective
In business terms, objective refers to a specific result/situation that company wants to achieve within a certain time frame, after considering all their available resources. In this particular case, the research being done is the resource and connecting advertising to actual dealership is the result/situation that they want to achieve.
6 0
3 years ago
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