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3 years ago

Describe how you can spend wisely or improve your spending habits.

Business

2 answers:

Savatey [412]3 years ago

6 0

You can put your money into a saving account at the bank and you can make a budget.

Bezzdna [24]3 years ago

5 0

Explanation:

You can take out money for your fixed expenses before making the variable expenses. Make a proper list of what you need, Don't buy something which you don't need. Must spare some amount for emergency purpose. If you want to improve your budget and spending, then the best option that would save you the most money would be buying the securities for a long period of time on fixed basis. This will allow you to hold your savings with the bank, and you won't be able to take them out easily before the term period. In this way you won't think of spending that money. Also you can have an interest amount earned on these securities. In this way you can save the most money.

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You are considering investing $65,000 in new equipment. You estimate that the net cash flows will be $18,000 the first year, but

Alina [70]

Answer:

a. The annual capital cost is $9,798

b. The equivalent annual savings is $27,495

c. The decision is wise

Explanation:

a. In order to calculate the annual capital cost (ownership cost) for the equipment we would have to calculate the following formula:

annual capital cost=P(A/P,i,n)-F(A/F,i,n).........

annual capital cost=$65,000(A/P,9%,10)-$5,000(A/F,9%,10)

=$65,000(0.1558)-$5,000(0.0658)

=$10,127-$329

=$9,798

b. In order to calculate the equivalent annual savings (revenues) we would have to calculate the following formula:

equivalent annual savings=A+G(A/G,i,n).........

equivalent annual savings=$18,000+$2,500(A/G,9%,10)

=$18,000+$2,500(3.798)

=$18,000+$9,495

=$27,495

c. The decision is wise becauste the equivalent annual savings are greater than the annual costs of the equipment.

6 0

3 years ago

consists of the interlocking functions of ceating corporate policy and organizing,planning,controlling and directing an oragunza

zubka84 [21]

Answer:

Management

Explanation:

Management can be regarded as process that encompass planning, decision making as well as organizing and leading in order to Control human resources, information resources as well as financial resources of organization in order to achieve the goals set by the organization. it should be noted that management consists of the interlocking functions of ceating corporate policy and organizing,planning,controlling and directing an oragunzation’s resources in order to achieve the objectives of that policy, which is Peter Drucker point of view about management.

3 0

3 years ago

U. S. Companies have made fewer manufacturing tracks with China in the last few years preferring other countries in the region.

xxTIMURxx [149]

The right answer for the question that is being asked and shown above is that: "B. Has large reserves of cheap labor and can produce inexpensive goods." <span>U. S. Companies have made fewer manufacturing tracks with China in the last few years preferring other countries in the region. </span>

8 0

3 years ago

Which of the following can increase your credit card's APR?

vekshin1

B) missing a credit card payment

When you miss a credit card payment, not only will your credit score go down, but your credit card company will charge you more which will increase your APR

5 0

3 years ago

Read 2 more answers

Harvey quit his job at State University, where he earned $45,000 a year. He figures his entrepreneurial talent or forgone entrep

kondaur [170]

Answer:

The explicit costs of Harvey's firm in the first year were $605,000

Explanation:

According to the given data we have the following:

In the first year, the firm sold 11,000 units of software

$55 goes for the costs of production, packaging, marketing, employee wages and benefits

Therefore, in order to calculate explicit costs of Harvey's firm in the first year we would have to make the following calculation:

explicit costs of Harvey's firm= units of software sold*costs of production, packaging, marketing, employee wages and benefits

explicit costs of Harvey's firm=11,000*$55

explicit costs of Harvey's firm=$605,000

The explicit costs of Harvey's firm in the first year were $605,000

3 0

3 years ago