It is called A COST DRIVER. A cost driver refers to any factor that causes a change in the cost of an activity. Cost driver is used to assign overhead costs to the quantity of a particular goods that is manufactured. Example of a cost driver is direct labour hours input into a production operation.
The purchase of a home typically necessitates years of planning and budgeting because it is one of the largest purchases you will ever make.
A budget is an estimate of the money that will come in and go out of the business over a given period of time, and it is often created and reviewed on a regular basis. Budgets can be created for an individual, a team of individuals, a business, a government, or pretty much anything else that generates and spends money.
Budgeting is essential to controlling monthly costs, preparing for unforeseen events in life, and being able to buy expensive products without getting into debt. It doesn't have to be tedious to keep track of your income and expenses, you don't have to be an expert in math, and it doesn't mean you can't buy the items you want. Simply said, it means you'll be more aware of where your money is going and in charge of your finances.
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Revised and detailed edition.
A direct deposit program is a program that allows for the automatic deposit of your net earnings into the bank of your choice, so with this in mind one may deduce that your paycheck was deposited into your account. nowhere in this phrasing was it stated that you are the boss/owner so you are not depositing the net earnings (which is the total value of a business's income minus cost of goods, expenses, and taxes for an accounting period.) and the purpose of a direct deposit is essentially to cut out handing you a paycheck and having you go down to your bank and cashing/depositing it into your account. once again this leads me to believe the answer is PAYCHECK. If my reasoning is off, or not detailed enough please leave a comment and to the best of my abilities i will converse and elaborate with you in more lucid terms and further detail.
Why is it important to keep your career plans flexible at this point in your life, <span>Sticking to one career now may limit your opportunities in the future. Now is the time to explore different possibilities.</span>
$20,000 is correct
When they ask for the amount the bank can "create" they are really asking for the <u>change in the money supply</u><u>.</u> They are required to reserve 20%, so they can loan out 80%
80% * $5,000= $4,000
Now, the bank can use this $4,000 by loaning it out to other customers and earning interest on those loans. The customers can use the money for investments or spending. So the first little deposit of $5,000 has now spread to a lot more people and created a lot more opportunity for growth. This is known as the <u>multiplier effect.</u> To put the multiplier effect in dollar amounts, we need to know how much we are multiplying by. This is called the <u>deposit multiplyer</u> and the formula is 1/(required reserve ratio). The reserve ratio here is 20% or .2
1/(.2)= 5
Our deposit multiplier which will calculate the multiplier effect on the money supply (aka the amount the bank can "create") is 5
5* $4,000= $20,000
