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
Mamont248 [21]
3 years ago
14

What is the reason it's better to underestimate your income instead of overestimating when creating your budget?

Business
1 answer:
Alik [6]3 years ago
6 0

Answer:

  • <em>Underestimating your income is a conservative and healthy measure that can avoid financial problems.</em>

Explanation:

<em>Underestimating</em> your <em>income</em> is a conservative and healthy measure, such as it is overestimating your expenses.

Specially when your income is variable iit can be hard to predict. You will be safer both if your income lowers or your unpredictable expenses increase.

There are many unpredictable situations that could put you in a difficult situation: a disease, a natural disaster, the need to help a family member or friend in trouble. If any of these unfortunate circumstances arises and your budget is too tight, you could see yourself in financial trouble.

But, if you if all is smooth you will have in a happy situation, you will have a surplus which can use for savings, for an important purchase, or for vacations.

It is better to be cautious than to regret later!

You might be interested in
Hormel offers its food distributors a discount of 15 percent for payment within 10 days on orders of all Jiffy brand products. H
Feliz [49]

Hormel is giving its customers a cash discount.

<h3>What is cash discount?</h3>

Cash discount is the discount a seller give to a buyer by reducing the amount the buyer was supposed to pay because the buyer make his payment earlier.

Based on the given scenario Hormel offers is offering its  food distributors a discount of 15 percent if the distributor paid within the stipulated time or period of  10 days.

Inconclusion Hormel is giving its customers a cash discount.

Learn more about cash discount here:brainly.com/question/14883253

4 0
2 years ago
Marcus, a manager at Royal Memphis Hotel, is training a new group of employees. After each training session, the employees compl
dybincka [34]

Answer:

feedback

Explanation:

Based on the information provided within the question it can be said that Marcus is providing his employees with feedback. This refers to information given to an individual regarding their performance, and is done in order to help that individual realize what they are doing wrong and how they can improve their performance. Which is exactly what Marcus is doing with his employees.

4 0
3 years ago
Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.
elixir [45]

Answer:

Total cash collection= $257,500

Explanation:

Giving the following information:

Sales:

March= $250,000

April= $280,000

Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.

<u>Cash collection April:</u>

Sales on account from April= 280,000*0.25= 70,000

Sales on account from March= 250,000*0.75= 187,500

Total cash collection= $257,500

8 0
3 years ago
Guys please help, List the economic activities to delivering evening news bulletin to your television or radio​
saul85 [17]

Economic Activities are the actions related to the production, distribution, and exchange of goods and services. So for an evening news bulletin on TV or radio, some examples are:

  • The service of the reporters who research a story and check facts
  • The cost of paper and materials used in the newsroom
  • The equipment that establishes a TV or radio signal and broadcasts it out to people
  • Cable service or radios that are purchased in order to hear/see the news
4 0
2 years ago
at meta, we seek to offer products and services truly designed for all. how will your lived experiences (educational, profession
Butoxors [25]

As someone who has experienced different educational and professional environments, I believe that I can offer Meta's product teams a new perspective on how our products can be used to benefit everyone. I have seen firsthand how different people learn and work, and I believe that Meta's products can be designed to accommodate different learning and working styles.

It is also believed that Meta's products can be designed to be more accessible and user-friendly for people of all abilities. In addition, I have experience working with people from diverse educational backgrounds, and I believe that this experience can help me contribute to Meta's efforts to create products that are truly designed for all.

Learn more about education here: brainly.com/question/25887038

#SPJ4

7 0
2 years ago
Other questions:
  • Colex wishes to bid on a contract that is expected to yield after-tax net cash flows of $25,000 in year 1, $30,000 in year 2, an
    15·1 answer
  • What is the difference between an Oligopoly and a Monopoly?
    13·1 answer
  • Cingular​ Cell, Inc. charges its customers a high contract termination fee if they cancel their cell phone contract before the e
    12·1 answer
  • An actor invests some money at 99​%, and 45000 more than four timesfour times the amount at 12%. The total annual interest earne
    5·1 answer
  • The following four employees all feel committed to the organization they work for. Jennifer feels it will be difficult to find a
    11·1 answer
  • Suppose that Brazil imports semiconductors from the United States. The free market price is $30.00 per semiconductor. If the tar
    7·1 answer
  • Randa is trying to lower the vacancy rates for the commercial property she manages because her revenue targets will increase by
    6·1 answer
  • Angelo Company reacquired 26,000 shares of its common stock for $16 per share on June 1. On July 1 they sold 7,000 treasury shar
    7·1 answer
  • A couple needs $60,000 as a down payment for a home. If they invest the $45,000 they have at 4% compounded quarterly, how long w
    7·1 answer
  • SINGAPORE - Singtel will be implementing a wage freeze across the company, this year - except for operational and support staff
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!