All categories

4 years ago

Task 3: Budget for 25- to 30-year-old Business Professionals

Business

1 answer:

Eddi Din [679]4 years ago

3 0

Answer:

Sample Budget

Salary Income $2515

Rent expense -$900

Food and groceries -$250

Entertainment expense -$85

Shopping -$45

Birthday Party gift -$12

Transportation expense -$150

Home maintenance cost -$320

Tuition cost -$121

Net savings = $632

Explanation:

The mid aged person who is age of 25 to 30 will have different expenses. He will have to budget his monthly income and routine expenses to identify the savings. The sample budget will include different types of household expenses that a person incurs to live. He might have to budget one off expenses such as party cost, gifts etc. He will have to keep track of groceries and food expenses.

You might be interested in

Hirdt Co. uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will

storchak [24]

Answer:

the answer is given below;

Explanation:

a.Allowance for doubtful accounts $401,100*3%=$12,033

Allowance for doubtful accounts-opening ($3,110)

Bad Debt Expense $8,923

Bad Debt Expense Dr.$8,923

Allowance for doubtful accounts Cr.$8,923

b.Allowance for doubtful Accounts $401,100*3%=$12,033

Allowance for doubtful accounts-opening $890

Bad Debt Expense $12,923

Bad Debt Expense Dr.$12,923

Allowance for doubtful accounts Cr.$12,923

7 0

3 years ago

Disadvantages of online shopping ?

erma4kov [3.2K]

Answer:

Lack of significant discounts in online shops

Lack of touch and feel of merchandise in online shopping

Delay in delivery

Lack of interactivity in online shopping

Lack of shopping experience

Lack of close examination in online shopping

Frauds in online shopping

Explanation:

7 0

3 years ago

Compare the two terms increasing marginal returns and diminishing marginal returns describe

Darya [45]

Increasing marginal returns is the increase of output when there is an addition of variable input aside from the fixed input over a short period. Diminishing returns is the decrease of output when there is an incremental increase of one production factor while other factors remained constant.

4 0

3 years ago

The Brick Company has announced the following financial information for the period ending March 31, 2017: sales of $1.4 million,

love history [14]

Answer: <u> Net income = $201,000</u>

Explanation:

Net income = (Sales - COGS - depreciation - interest expense)(1 - tax)

where;

Sales = $1,400,000

COGS(Cost of goods sold) = $ 800,000

Depreciation = $175,000

Interest expense = $90,000

Tax = 40%

∴ Net income = (1,400,000 - 800,000 - 175,000 - 90,000) $\times$ (1 - 0.4)

Net income = 335,000 $\times$ 0.6

<u> Net income = $201,000</u>

5 0

4 years ago

You buy a stock for $30 per share and sell it for $33 after holding it for slightly over a year and collecting a $0.75 per share

telo118 [61]

Answer:

The answer is: After-tax rate of return = 9.8% .

Explanation:

Please find the calculations which are shown in details as below:

Pre-tax dividend earning is $0.75, Tax rate on ordinary income is 28% => After-tax dividend earning = 0.75 x (1 - 28%) = $0.54;

Pre-tax capitals gain is $3 ( that is, $33 -$30), tax rate on capital gains is 20% => After-tax capital gains = 3 x ( 1 - 20%) = $2.4 ;

=> Total after-tax return = After-tax capital gains + After-tax dividend earning = 2.4 + 0.54 = $2.94 .

Thus, in percentage term, after-tax rate of return is 2.94/30 = 9.8%.

4 0

4 years ago