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Lera25 [3.4K]
3 years ago
14

What should you plan for first when creating a budget

Business
1 answer:
alexira [117]3 years ago
4 0

Answer:

CALCULATE EXPENSES

Your first order of business is finding out exactly how much you’re spending each month. Do this by consulting your bank statements, receipts and financial files. Because some expenses are intermittent, such as insurance payments, you’ll get the most accurate financial picture if you calculate an average for six months to a year. Add up everything you spent for the last six to 12 months and then divide by the amount of months, which will give you your average monthly expenses.

Remember that being thorough when you add up expenses is important in creating a realistic budget. A forgotten bill really throws a wrench into your savings plan. When calculating your expenses, also factor in unexpected bills, such as unplanned car repairs. A good rule of thumb is to add an extra 10 percent to 15 percent. So if you’ve determined that you spend $1,500 a month, add $150 to $225.

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Answer:

d. there is a technological improvement.

Explanation:

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7 0
3 years ago
b. Now suppose instead that housing credits are withdrawn gradually at a rate of $500 for each $1,000 that someone is earning ab
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Answer: $0

Explanation:

Layla qualifies for $8,000 in housing credits.

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= $42,500

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Amount of housing credit withdrawn is $500 per thousand so for $16,000, $8,000 will be withdrawn from her housing credit.

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= $0

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3 years ago
The management of Metro Printers is considering a proposal to replace some existing equip- ment with a new highly efficient lase
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Answer:

Net present value of proposal $168,166

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3 0
3 years ago
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