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maxonik [38]
3 years ago
11

When an individual makes a purchase without considering the financial consequences of that purchase, ignores the ______________

aspect of financial planning.
Business
1 answer:
Lera25 [3.4K]3 years ago
3 0

Answer:

spending

Explanation:

At the very basic level of personal finance, you should understand the need for, and value of, a budget. A budget or spending plan is a road map for telling your money what to do each month. At its simplest, a budget lists how much income you have coming in, compared to what's going out each month. Creating a detailed and​ ​written budget allows you to make smarter decisions with your finances on a daily basis. When you're faced with spending money on something, a budget requires you to stop and think about the purchase. You realize that by spending money in one area, you won't have to spend or save elsewhere.   A budget or spending aspect of financial planning helps you to increase your cash flows by monitoring the spending patterns and nature of expenses. Finance planning which includes careful budgeting and prudent spending would help you in keeping more of the hard-earned cash.

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Goodfellow Corporation reported insurance expense of $477 for the current year. The beginning and ending balances in the prepaid
yan [13]

Answer:

The correct option is $457

Explanation:

The amount of cash paid in respect of insurance for the current period can arrived at using the below proforma or format:

Insurance  expense in the year                                   $477

less insurance prepaid in the previous year                 ($50)

add insurance prepaid this year                                     $30

Cash paid for insurance in the current year                $457

It is important to note that the question required actual cash paid in respect of insurance in the current year,full knowing that the beginning balances in prepayment was paid for last year implies that it should be deducted and the other way round for the closing insurance prepayment this year

7 0
3 years ago
A manufacturing company has units to produce of 940 units for the month. Each unit requires 3.5 hours of labor to produce. The c
elena-s [515]

Answer:$49,350

Explanation:

The total cost of direct labor for the month will be:= 940 units × 3.5 × $15= $49,350

8 0
2 years ago
Research the Minnesota Importance Questionnaire (MIQ) and write one paragraph explaining the purpose and benefits of taking this
koban [17]

Answer:

The Minnesota Importance Questionnaire, or MIQ, is a questionnaire that students can take in high school or college. This is a value inventory that asks questions about your personal work values so you can see what career might be best for you. After you take the test, it matches you with a selection from 185 different occupations, which represent major careers in the world. The results of the assessment, when matched with a career or different careers, are supposed to help you find out which kind of career might be best for you.

Explanation:

From Plato

4 0
3 years ago
Read 2 more answers
_____ tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of ec
pogonyaev
Capital goods tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of economic weakness.
7 0
3 years ago
In a 1988 study, Fama and French found that the return on the aggregate stock market was __________ when the dividend yield was
Lisa [10]

Answer:

A. higher

Explanation:

Fama And French did the risk factor study on stock, which clearly stated that when there is a high dividend yield then the stocks would perform good even in the market.

thus, this clearly reflects that when the market is high for stock returns then the dividend yield is also high.

This is basically the proportional reaction, as when the stock return is higher whether in terms of value addition or cash returns then only the dividend return would also be higher.

Correct option in this case will be:

A. Higher.

6 0
3 years ago
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