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3 years ago

How do you think keeping a budget can impact your overall wealth?

Business

2 answers:

gregori [183]3 years ago

8 0

Answer:

the more money that you save over time the more money you will have to buy nicer things... and if you keep spending money on stupid things you wont have enough money to buy more expensive things if you will.

Explanation:

Zolol [24]3 years ago

7 0

Yeah pretty much the other comment the more you save the more money you have ,, clearly and so the more money you saved means you can get more things nicer thing but if you spend money carefree and on dumb things you won’t have enough money ,, period :/

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3 years ago

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2 years ago

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Answer:

Explanation:

Year 1:

Cash collected from clients $154,000

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Utilities $84,000

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So, in order to find net cash flow, $(154000-27000-84000-58200)=-15200

Year 2:

Cash collected from clients $184,000

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So, net cash flow $184000-$(34000+94000)=$56000

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So still 5000 has to be paid in year 2

Year 2 paid 34000 ⇒ so accrued is 29000

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Income statement for year 1 and 2

year1 year2

Revenue:

Income from services 182000 232000

Expense

Salary 84000 94000

Utilities 32000 29000

Insurance 19400 19400

Net income 46600 89600

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3 years ago

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