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3 years ago

What is the advantage to spending less money than is earned?

Business

2 answers:

tamaranim1 [39]3 years ago

8 0

Pretty much saving up money. if you can save up enough you can treat yourself later in life

denpristay [2]3 years ago

8 0

Hi there!

When you're spending less money than what you've earned, you can save the extra money (that you could have spent) for later. You'll also have more money overall, and make a profit.

Hope this helps!

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Explain the difference between a flat tax and a graduated income tax. in your own words.

Lelechka [254]

Answer:

flat tax is a set percentage that dies not change

graduated tax changes according to the amount being taxed. usually, the higher the amount, the higher the tax rate is.

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3 years ago

Exercise 8-9 Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transa

Mandarinka [93]

Answer:

The Journal entries with their narration is given below:-

Explanation:

The Journal entry is shown below:-

1. Account receivables Dr, $22,200

To Sales $22,200

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Service charge expense Dr, $252

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To accounts receivable $11,600

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3 years ago

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omeli [17]

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3 years ago

How does increasing the size of your down payment impact your auto loan?

Gnom [1K]

Answer:

The correct answer is letter "C": It decreases the size of your principal and decreases the total cost of the loan .

Explanation:

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<em>If the sum provided in the down payment is higher than what is requested, the amount of the principal will be lower. If the amount of the principal is lower, the total of the interest paid in the course to the loan will be lower as well, thus, the cost of the loan will be reduced.</em>

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3 years ago