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4 years ago

The best way to start the budgeting process is to:

Business

1 answer:

timama [110]4 years ago

5 0

Answer:

Step 1:Set Realistic Goals.Goals for your money will help you make smart spending choices...

Step 2:Identify your Income and Expenses...

Step 3:Separate Needs and Wants...

Step 4:Design your Budget...

Step 5:Put your plan into Action...

Step 6:Seasonal Expenses...

Step 7:Look Ahead...

You might be interested in

Always accept a job offer before discussing its salary and benefits.

yan [13]

Answer:

Acepting he job before getting inforamtion about it is not a good way to geta job. That is how you get a bad job that doesnt have a good salary or many beefits.

Sorry for the spelling erros my computer is not working correctly

4 0

3 years ago

Read 2 more answers

An outside supplier has offered to produce and sell the part to the company for $23.40 each. If this offer is accepted, the supe

anastassius [24]

Answer:

It will be a financing advantage for 18,800 It should accept the offer

Missing Information

Kleffman Corporation is presently making part X31 that is used in one of its products. A total of 2,000 units of this part are produced and used every year. The company's Accounting Department reports the following costs of producing the part at this level of activity:

DM $6.90

DL $4.90

V MO $8.00

Supervisor $2.20

Depreciation $1.40

general $2.80

total cost $ 26.20

Explanation:

We will face unavoidable cost for:

$2.80 x 2,000 units = $5,600

The depreciation should be considered sunk cost as financially it do not repreent any cash flow for the company.

Make cost: 2,000 units x $26.20 = $ 52,400

opportunity cost:

additional segment margin $ 18,800

Total cost $ 71,200

Purchase cost: $ 23.40 x 2,000 = $ 46,800

unavoidable cost: $ 5,600

Total cost $ 52,400

Differential: 71,200 -52,400 = 18,800

5 0

3 years ago

During 20X1, the Balboa Software Company incurred development costs of $2,000,000 related to a new software project. Of this amo

sergey [27]

Answer:

$400,000

Explanation:

Data provided in the question:

Development cost incurred = $2,000,000

Amount incurred after the technological feasibility was achieved = $400,000

Now,

The Software development costs that would be capitalized in 20X1

= Cost incurred after achievement of technological feasibility

= $400,000

3 0

3 years ago

Alice and Bob entered into a forward contract some time ago. Alice has the long position, while Bob has the short position. The

mart [117]

Answer:

$ - 1.96

Explanation:

After three months, Alice (long the contract) can buy the underlying by paying the delivery price of $40 which is $2 less than $42 the long position would have to pay if the contract was entered today.

DATA

Delivery price = $40

The three-month risk-free interest rate (with continuous compounding) =8%.

The current forward price = $42

Solution

So based on the present situation, Alice would be in $2 profit at the end of 3 months and Bob would be in $2 loss

Present value of Bob's loss (with continuous compounding) = 2\times e^{-0.08\times 0.25}

Present value of Bob's loss (with continuous compounding) = $1.96

The value of Bob's position is $ - 1.96

6 0

4 years ago

The sea wharf restaurant would like to determine the best way to allocate a monthly advertising budget of $1000 between newspape

Andreas93 [3]

From what I understood in the problem, the total budget that covers all types of media is only $1,000 per month. For the allocation, each type of media would get at least 25% of the budget. If we infer on this information, there should only be 4 types of media, at least. This is because four 25% portions would equal to 100%. If it exceeds 25% for each of the four types, it would be over the $1000 budget. With that being said, it is also possible that there will be 3 or 2 types of media. Nevertheless, let's just stick to the least assumption of 25% for each of the 4 types.

If local newspaper advertising is one of the four types, then:

$1000(25%) = $250

It would get $250 from the overall budget.

5 0

3 years ago