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3 years ago

What is an appropriate budgeting question

1 answer:

8 0

1. What are my goals?
2. How much do I need to save?
3. What are my expenses?
4. How will I stay on track?
5. How can I include unexpected expenses?
Pick whichever you'd like :)

You might be interested in

U.S. exports are Group of answer choices A.not included in U.S. GDP because they are consumed B.abroad included in U.S. GDP beca

soldier1979 [14.2K]

Answer:

The answer is B. included in U.S. GDP because they are produced domestically

Explanation:

Exports are included in the gross domestic product as the production is done locally. Apart from exports, imports are included in the GDP as well.

4 0

3 years ago

The Gorman Group issued $970,000 of 13% bonds on June 30, 2021, for $1,042,973. The bonds were dated on June 30 and mature on Ju

omeli [17]

Answer:

Entries are given below

Explanation:

Cash should be recorded as an asset on the issuance of bonds and bonds should be credited as it is a liability for the company. Interest expense should be debited on a semiannual basis

June 30, 2021 ( issuance of bonds)

DEBIT CREDIT

Cash 1,042,973

Bonds payable 970,000

Premium on bonds payable 72,973

December 31, 2021 ( interest expense)

DEBIT CREDIT

Interest Expense 62,578

(1,042,973 x 12% x 6/12)

Premium on bonds payable 472

Cash 63,050

(970,000 x 13% x 6/12)

June 30, 2022 (interest expense)

DEBIT CREDIT

Interest Expense 62,550

(1,042,973-472) x 12% x 6/12)

Premium on bonds payable 500

Cash 63,050

(970,000 x 13% x 6/12)

5 0

3 years ago

School-aged children are regularly asked to fundraise for their school. Typically, they are required to sell a minimum amount. T

ella [17]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Ceiling effect.

b) Floor Effect.

And the correct answer is B: Floor effect.

Explanation:

To begin with, in the field of statistics the term known as "Floor Effect" refers to the situation in where the gathering of data regarding an statistic instrument about a subject turns out to have a lower limit to the data values it can reliably specify. And the floor is understood to be as that lower limit in the chart or graphic created in the study of the subject. Moreover, this term is also used in the field of psychology when test are done to subjects in study as well.

5 0

2 years ago

Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i

nignag [31]

Answer:

Sep 6 Debit inventory $ 1740, Credit Accounts payable $1740

Sep 9 Debit inventory $40 , Credit freight expense $40

Sep 10 Debit Accounts payable $56, Credit inventory $56

Sep 12 Debit Accounts receivable $650, Credit Revenues $650

Debit Cost of Sales $450, Credit Inventory $450

Sep 14 Debit Sales return $45, Credit Accounts Receivable $45

Debit Inventory $34, Credit Cost of sales $34

Sep 20 Debit Accounts receivable $730, Credit Revenues $730

Debit Cost of Sales $560 , Credit Inventory $560

Explanation:

The Question is incomplete but its nature shows that it requires journal entries for The Sep month transactions.

4 0

3 years ago

Kate plans to start a winter garment store. The market conditions suggest that the best time to start a winter garment store is

Aleks04 [339]

December because it's between the months of October and February

8 0

2 years ago