All categories

3 years ago

Personal finance skills have the most significant impact on an individual's

Business

1 answer:

ryzh [129]3 years ago

7 0

Answer:

Quality of life.

Explanation:

Financial skills can be defined as those skills that are used to tackle an unpredictable financial situation. It requires knowledge and understanding to manage such situations. Using these skills one is able to turn this tough situation in favor of ownself.

Such skills are used in the professional line by accountants, financial analysts, etc.

Having personal financial skills helps in enhancing the quality of life. Having financial skills in personal life helps in many things such as savings, bargaining, able to distinguish between what they need and what they want, etc.

So, the correct answer is quality of life.

You might be interested in

Balance Sheet October 31 Assets Cash $ 36,500 Accounts receivable 87,000 Merchandise inventory 195,300 Property, plant and equip

dedylja [7]

Answer:

so hard so hard i cant do this omgod so hard thos is your mom can answer this lol its funny

make this simple and not hard i cant answer this

5 0

3 years ago

determine if the data is biased or not, every fortieth student who enters the school is asked to name their favorite sport

WARRIOR [948]

i believe unbiased because the person is just asking for the sport, not determining whether or not it is the best.

5 0

4 years ago

First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest

Serhud [2]

Answer:

Difference= $1,707.72

Explanation:

Giving the following information:

First City Bank pays 6 percent simple interest on its savings account balances

Second City Bank pays 6 percent interest compounded annually.

Investment= $15,000

n= 8

To calculate the future value of investing in First City, we need to use the following formula:

FV= PV*(1+i*n)

FV= 15,000*(1+0.06*8)

FV= $22,200

To calculate the future value of investing in Second City, we need to use the following formula:

FV= PV*(1+i)^n

FV= 15,000*(1.06^8)

FV= $23,907.72

The difference between banks:

Difference= 23,907.72 - 22,200= $1,707.72

4 0

3 years ago

1. Izzy Company sells a television that carries a 90-day unconditional warranty against product failure. From prior years’ exper

jekas [21]

Answer:

$132,000

Explanation:

The computation of the warranty expense is shown below:

Warranty expense = Units sold × repaired cost × estimated percentage

= 22,000 units × $150 × 4%

= $132,000

We simply multiplied the unit sold with the repaired cost and the estimated percentage so that the amount of warranty expense could come

All other things that are mentioned in the question is not relevant. Hence, ignored it

7 0

3 years ago

Causwell Company began 2018 with 11,000 units of inventory on hand. The cost of each unit was $4.00. During 2018 an additional 3

Kaylis [27]

Answer and Explanation:

For computing the cost of goods sold under two method first we have to determine the cost per unit which is shown below:

The average cost per unit is

= $108,750 ÷ 25,000 units

= $4.35

Now the cost per unit is

Total cost (11,000 units + 35,000 units) × $4.35 $200,100

Beginning units (11,000 units × $4) $44,000

The Remaining cost for 35000 units ($200,100 - $44,000) $156,100

Divide by Purchase cost per unit of 35000 units $4.46

Now the cost of goods sold are as follows

1. Under the FIFO method

Beginning 11,000 × $4.00 $44,000

Purchased 14,000 × $4.46 $62,440

Total 25,000 $1,06,440

2. Under the LIFO method

Purchased 25,000 × $4.46 $1,11,500

4 0

4 years ago