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3 years ago

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:

Underestimating your income is a conservative and healthy measure that can avoid financial problems.

Explanation:

Underestimating your income 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!

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Geologists estimate that the age of the earth is 4.54 billion years old, based on

KIM [24]

This age is found from radiometric dating of meteorites that have been found in the earth's crust. Other samples from the earth and from the moon have borne out this finding, and give a very similar age for the oldest known materials.

7 0

3 years ago

According to the integrationist view of managing conflict, conflict is: a natural part of human existence and should be accepted

zloy xaker [14]

Answer:

inevitable, but maintaining a degree of tension can actually be helpful in keeping a group energized and creative

Explanation:

Integrationist view of managing conflict is a recent view which views conflict as inevitable in an organization or in a setting. According to this view, handling conflict the right way when they arise should be the focus. Conflicts, when handled properly would brings growth and progress in an organization, and would lead to openness and creativity.

According to the integrationist view, an organization where there is absence of conflict would most likely be a stagnant organization that is not responsive to needed change that would foster positive change and development.

Conflict is good when manage well in a constructive way, while maintaining differences in an organization.

3 0

3 years ago

If the nominal exchange rate between the US dollar and the Canadian dollar is C $ 0.89 to the US dollar, how many dollars is req

Olin [163]

Answer:

1) 2.8 USD

2)There are several methods:

1) Modifying Reserve Requirements

2) Changing Short-Term Interest Rates

3) Conducting Open Market Operations

Explanation:

I) First of all, the nominal exchange rate describes how much foreign currency can be exchanged for a unit of domestic currency, but the real exchange rate indicates how much the goods and services in the domestic country can be exchanged for the goods and services in a foreign country.

If 1USD=0.89CAD, then 1 CAD=1/0.89=1.12USD

Then 2.5 CAD = 2.5*1.12= 2.8 USD so we will need 2.8 USD to get 2.5 CAD.

II) As we know, the movement of the money supply is the responsibility of the monetary policy activities by central banks. There are several methods:

1) Modifying Reserve Requirements: means that it is possible to influence by modifying the reserve requirements to increase or decrease the money supply. More deeply, this modification refers to the amount of funds banks have to keep against deposits in bank accounts. By lowering the reserve requirements, banks are able to loan more money, which grow the overall supply of money in the economy. Conversely, by increasing the banks' reserve requirements, it will be possible to decrease the size of the money supply.

2) Changing Short-Term Interest Rates: means that it is possible to change the interest rates in short terms to alter the money supply. It’s all about the changing the discount rates. By lowering the rates, it is possible increase the money supply and boost economic activity.

3) Conducting Open Market Operations: means that it is possible to increase or decrease the money supply conducting open market operations, which affects the funds rate. So the authority who deals with the monetary policy buys and sells government securities in the open market. If the authority wants to increase the money supply, it will purchase government bonds as a result this supplies the securities dealers who sell the bonds with cash, increasing the overall money supply. However, if the authority wants to decrease the money supply, it will send bonds from its account, thus taking in cash and removing money from the economic system as a result, adjusting the funds rate is a heavily anticipated economic event.

3 0

3 years ago

What are the disadvantages if Jamir decides to purchase the car? Check all that apply.

dalvyx [7]

Answer:

He will have to come up with a bigger down payment.

His monthly payments will be higher.

Good luck:)

6 0

3 years ago

Read 2 more answers

Investigating communication in the workplace by finding optimal ways to set up a communication network system for employees who

andrew11 [14]

Answer:

Cybernetic approach

Explanation:

Cybernetic approach is the method or the approach for exploring the system of the regulatory, its possibilities, structures and constraints. It involve the study of derived concepts, feedback and black boxes like the communication and the control in business and living organisms, involving the self - organization.

Therefore, when the communication is investigated at the workplace through finding the optimal methods which is set up for the communication network system for the employees who telecommute, states the cybernetic method to communication.

4 0

3 years ago