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3 years ago

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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The predetermined manufacturing overhead rate for 2020 was $4.00 per direct labor hour; employees were paid $5.00 per hour.

erik [133]

Read the excerpt from Queen Elizabeth's Address to the Troops at Tilbury.

I know I have the body but of a weak and feeble woman; but I have the heart and stomach of a king, and of a king of England too, and think foul scorn that Parma or Spain, or any prince of Europe, should dare to invade the borders of my realm; to which, rather than any dishonour shall grow by me, I myself will take up arms, I myself will be your general, judge, and rewarder of every one of your virtues in the field.

In this excerpt, Queen Elizabeth is attempting to persuade troops that she

dislikes most European countries.
has the qualities of a capable leader.
is physically able to fight as a soldier.
will make a fair and virtuous judge.

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2 years ago

Kathryn is looking for ideas on how best to grow her small business. She and her three partners sit down to brainstorm suggestio

bazaltina [42]

Answer:

Explanation:

So you dont waste ur time

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3 years ago

Salmon, Incorporated issues 500,000 shares of preferred stock for $60 a share. The stock has a fixed annual dividend rate of 5%

azamat

If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: $0.90 per share.

Using this formula

Annual dividends= Par value × Fixed Annual dividend rate

Where:

Par value= $18 per share

Fixed Annual dividend rate= 5% or 0.05

Let plug in the formula

Annual dividends= $18 per share × 0.05

Annual dividends= $0.90 per share

Inconclusion if sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: $0.90 per share.

Learn more about annual dividend here:brainly.com/question/25557702

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2 years ago

Briana Foods Inc., a manufacturer and distributor of grocery products, uses online recruiting for sales personnel.On its Website

valentinak56 [21]

Answer:

C) Providing an honest assessment of the job

Explanation:

In the given scenario the online recruitment process begins with a detailed job description of the sales representative position.

A job description is a statement of the requirements of a job role and also indicates key success steps on the job

Briana states that - A sales representative is required to distribute, sell, and promote Briana products.He or she should be the primary link with retail customers and consumers, execute company promotions, meet inventory needs, and monitor the competition within their region.A representativespends most of the worktime communicating with the customer to create a win-win solution.

This provides the applicants with a honest assessment of the job so they will know what to expect should they be successful

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3 years ago

If a family spends its entire budget in a given time frame, the family can afford either 14 outings or 24 household items. Assum

AURORKA [14]

Answer:

1.71 household items

Explanation:

In this question, we learn that the family will only consume two goods: outings and household items. The family can either have access to 14 outings or 24 household items. This means that:

opportunity cost of 14 outings = opportunity cost of 24 household items

Therefore,

opportunity cost of 1 outing = 1.71 household items

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3 years ago