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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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ludmilkaskok [199]

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3 years ago

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astraxan [27]

Answer:

A. users should be able to review their records and correct any inaccuracies .

Explanation:

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2 years ago

Displays more information on the spreadsheet?

nignag [31]

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Hope this helps,

Miri

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3 years ago

What may be offered to clients when banks find the risk too high?

mina [271]

Private money may be offered to clients when banks find the risk too high. Private money is usually owned by a private organization. Private money has high interest rates and the people who receive the money still have to follow state, federal and bank laws when using the money.

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3 years ago

Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will b

Sergeu [11.5K]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will be sold for salvage value (estimated to be $6,750).

Annual depreciation= 2*[(original cost - residual value)/estimated life (years)]

Year 1= 2*[(67,500 - 6,750)/9]= $13,500

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2 years ago