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soldier1979 [14.2K]
3 years ago
12

What should you do if your expenses exceed your income?

Business
2 answers:
Zanzabum3 years ago
5 0

Answer:

Reduce your spending

Explanation:

A healthy financial life must be properly planned. A person should not have higher expenses than his income, otherwise he will be in debt. If this happens to you, the first solution you should take is to reduce your expenses. You need to make your spending structure be in line with your budget and if possible, your income should exceed your spending so you can save some money.

rusak2 [61]3 years ago
4 0

Definitely not a credit card, as that will only snowball debt.  If your basic expenses exceed income, more money needs to be allocated, and spending needs to be wisely reduced.  Taking out a loan can temporarily help with problems, so I'd say loan.

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A company discarded a computer system originally purchased for $8,500. The accumulated depreciation was $6,700. The company shou
Elza [17]

Answer:

1800

Explanation:

A company threw away a computer that originally costs $8,500

They accumulated depreciation of $6,700

Hence the company will loss money, they would experience a loss of

8500-6700

= 1800

Hence the company will be at a loss of 1800

6 0
3 years ago
The liabilities of Oriole Company are $117,000 and the owner’s equity is $227,000. What is the amount of Oriole Company’s total
nekit [7.7K]

Answer:

$344,000

Explanation:

The applicable formula, in this case, is the accounting equation.

Assets= Liabilities + Equity.

Liabilities =$117,000

Equity =$227,000

Assets = $117,000 + $227,000

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4 0
3 years ago
Read 2 more answers
4.42 Frontier Airlines hedged the cost of the jet fuel by purchasing options that allowed the airline to buy fuel at a fixed pri
Novay_Z [31]

Answer:

$3,129,414.40

Explanation:

i = 18% compounded monthly = 18% / 12 = 1.5% = 0.015

n = 2 yrs = 2 * 12 = 24 months

Growth(g) = 1% = 0.01

Present value of geometric series = A * [1 - (1+g)^n / (1+i)^n] / (I - g)

Present value of geometric series = $140000 * [1 - (1+0.01)^24 / (1+0.015)^24] / (0.015 - 0.01)

Present value of geometric series = $140000 * 1 - 0.8882352 / 0.005

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Present value of geometric series = $140000 * 22.35296

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6 0
3 years ago
To avoid channel conflict resulting from Internet selling, a company should Multiple choice question. charge prices for online d
lesya [120]

Answer:

work with dealers to design an online sales portal that benefits both partners.

Explanation:

e-commerce is a short for electronic commerce and it can be defined as a marketing strategy that deals with meeting the needs of consumers, by selling products or services to the consumers over the internet.

This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.

Simply stated, e-commerce is the act of engaging in internet selling.

In order to avoid channel conflict resulting from Internet selling, a company should work with dealers to design an online sales portal that benefits both partners i.e the online portal would focus on bridging the gap between the producer (company) and the consumers, as well as balancing the demand and supply of goods and services.

6 0
3 years ago
Suppose that there are customers distributed evenly across a line which runs from 0 to 1. There are two competing vendors that c
Shtirlitz [24]

Answer:

b.(1/2, 1/2)

Explanation:

If one vendor is located at “1/2” then the best possible respond of the other vendor is “1/2”, both of them of capture the equal share of the market.

Therefore, Nash equilibrium is (1/2 , 1/2).

7 0
3 years ago
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