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3 years ago

When it comes to saving money, what is a good rule of thumb

Business

2 answers:

Mamont248 [21]3 years ago

7 0

Buy what u need when u need it not what u want when u want my dad always said

Dmitry [639]3 years ago

6 0

I've had a real hard time with trying to save money. I've always spent more than I had really.

Something I've always heard is to pay yourself X% of your paycheck. I've never really don't that because I've always used my money no matter what.

Now I'm in a crunch where I need to save up some money. Build up a savings so to speak but am having trouble doing that. I am bad about managing my money.

Any ideas that I should incorporate? I have always thought about opening a second bank account for savings so I don't have access but don't want to spread myself out too thin.Biggest tip for saving money: Stop spending.

Until you learn some self control, hints and tips and tricks won't work because you'll still know the money is there and you'll still have access to it Here's two steps:

<span>Figure out where you are spending money unneccesarily (bars, resturants, eating out for lunch, video games, toys, etc)Reduce that spending</span>

The best way to do step one is to use a service like mint, or to just keep all your reciepts and tally them up at the end of the month, I'd recommend the first.

Budgeting isn't neccesarily about saving the maximium amount of money possible, it's about managing your money and making an active longer term decision about where you want to spend it. You are currently making short term passive decisions.

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It delivers a relevant landing page

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3 years ago

Yappy Company is considering a capital investment of $320,000 in additional equipment. The new equipment is expected to have a u

Eddi Din [679]

Answer:

a. 4.92 years

b. NPV = $26,770.20

c. 1.0837

d. IRR = 12.26%

e. 15.6%

the project should be accepted

Explanation:

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Payback period = Amount invested / cash flow = $320,000 / $65,000 = 4.92 years

Net present value is the present value of after tax cash flows from an investment less the amount invested.

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

NPV and IRR can be calculated using a financial calculator

Cash flow in year 0 = $-320,000

Cash flow each year from year 1 to 8 = $65,000

I = 10%

NPV = $26,770.20

IRR = 12.26%

profitability index = 1 + (NPV / Initial investment) = 1 + ($26,770.20 / $320,000 ) = 1.0837

The project should be accepted because the NPV and profitability index are positive. the IRR is greater than the discount rate. this means that the project is profitable. Accounting rate of return = Average net income / Average book value

Average book value = (cost of equipment - salvage value) / 2 = $320,000 / 2 = $160,000

$25,000 / $160,000 = 0.156 = 15.6%

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

7 0

3 years ago

Inputs and outputs Megan's Performance Pizza is a small restaurant in San Francisco that sells gluten-free pizzas. Megan's very

sergiy2304 [10]

<h2>In the short run, these workers are <u>variable</u> inputs, and the ovens are <u>Fixed</u> inputs.</h2>

Explanation:

By analyzing the information, we can understand that, Megan can grow slowly and steadily because the constraint here is that, Megan has so many people to work but they are students and he cannot buy more than 2 oven's at present considering his financial background and the size of the kitchen.

So the wise work is that, he keeps changing the number of workers every time but the number of oven to be used every time is only 2.

So workers are variable (changing) and ovens are fixed.

7 0

3 years ago

Calculate the value of a bond that matures in 16 years and has a $ 1 comma 000 par value. The annual coupon interest rate is 13

spayn [35]

Answer:

$1,069.74

Explanation:

We use the present value formula which is shown in the attachment below:

Data provided in the question

Future value = $1,000

Rate of interest = 12%

NPER = 16 years

PMT = $1,000 × 13% = $130

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the value of the bond is $1,069.74

7 0

3 years ago

Dominique owns an international grocery store, the World Food Market, where customers can purchase foods and canned goods from o

Svet_ta [14]

Answer:

Imports

Explanation:

Dominique owns an international grocery store, the World Food Market, where customers can purchase foods and canned goods from other countries. World Food Market is an example of a company that imports. Dominique imports products from different countries and make them available to its customers on their shelves. They have to buy those products from different sources. For this purpose, they have to put large amount of efforts in order to contact the foreign vendors and get their product imported in their country and ultimately at their store by spending costs and efforts. By importing products from other country, they can provide large product assortment to their customers.

5 0

3 years ago