All categories

2 years ago

What budgeting option is best used only with limited resources and expenses?

2 answers:

8 0

If its used only with limited resources and expenses, then the correct budgeting option would the Mental Budgeting which fits very good into this description. Hope this can help

4vir4ik [10]2 years ago

4 0

Answer: Mental budgeting.

Explanation: This concept is very much in consistent with the concept of mental accounting. The concept of mental accounting says that a person has already classified the areas where he will be spending his income and each area has its own importance and is given particular amount to that. Contrary to this, however, the mental budgeting is the phenomenon which uses the same technique but in such a way that it calculates the amount to be spend on multiple areas beforehand and using the rational cognitive ability, imagine the possibility that if an area would be left without spending money on that, would that help him save or not.

You might be interested in

Why would this be a better career choice than some of the other points she was looking for

larisa86 [58]

Answer:

your not giving enough information

Explanation:

7 0

2 years ago

Dominic heads the corporate communications department of Zookey Technologies. Eva is his least preferred coworker because her pe

Angelina_Jolie [31]

Answer:

The correct answer is A that is Relationship oriented leadership style.

Explanation:

Relationship oriented is an approach of the leadership style in which an individual or the person focuses or aim on the general well being as well as the motivation of the team members.

In this case, Dominic is most preferred in comparison to Eva as Dominic has a pleasing personality and she is also helpful to other coworkers. So, she has a relationship-oriented style.

8 0

3 years ago

Which of the following factors influences your credit score?

lisov135 [29]

Answer:D

Explanation:I think D because the default on a loan how much do you use loans and why do you use loans a lot do you pay them back and all that.

5 0

1 year ago

Marwick Corporation issues 15%, 5 year bonds with a par value of $1,070,000 and semiannual interest payments. On the issue date,

Over [174]

Answer:

The bond's issue (selling) price = $1,146,890.2

Explanation:

The selling price of the bond is equivalent to the present value of all the cash flows that are likely to accrue to an investor once the bond is bought. These cash-flows are the periodic coupon payments that are paid semi anually and the par value of the bond that will be paid at the end of the 10 years.

During the 5 years, there are 10 equal periodic coupon payments that will be made. In each year, the total coupon paid will be $$1,070,000*0.15=$160,500$ and this payment will be split into two equal payments equal to $\frac{160,500}{2}=$80,250$ . this stream of cashflows is an ordinary annuity

The periodic annual market rate is equal to $\frac{0.13}{2}=0.065$

The PV of the cashflows = PV of the coupon payments + PV of the par value of the bond

=$80,250*PV Annuity Factor for 10 years at 6.5% + $\$1,070,000*\frac{1}{(1+0.065)^10}$

$=$80,250*7.1888+$1,070,000*0.5327 = $1,146,890.2$

7 0

3 years ago

Jorge has $300 for work he performed. He expects to spend the money in the next few weeks to buy a new bike. Which type of accou

salantis [7]

The correct option is D.
Checking account is appropriate for Jorge in this situation because he plans to remove the money from his account in a few weeks time.
The major difference between saving account and checking account is that, saving account is majorly used to save and accumulate money for a medium or long time goals or for emergencies. The banks can count on the money staying in saving account for some time and a great part of it is not hold on reserve.
But a checking account is an instant access account. Money put in this account are usually hold in reserve by the banks because the owners can decided to withdraw at any time; banks can lend out money from checking accounts, so they make money on the accounts by charging fees.

4 0

3 years ago