Answer:
Improve your budgeting skills
Explanation:
When your expenses each month exceeds your income, it probably means that your budgeting skills are ineffective or you don't have non at all. If you spend more than what you earn, then chances are high that you will need to borrow to service your excess expenditure. If you continue borrowing to meet your budget, then you might end up in perpetual debt where you are unable to pay back you loan. This often leads to a default, which can have some serious consequences to your credit. Luckily, there are various steps that one can take to meet their expenditure and also to put them on the right track towards financial independent.
The best way towards financial freedom is improving ones budgeting skills through the following methods;
1. Track your spending: most of the time people spend without necessarily knowing where their money goes. Expenditure tracking is a way in which you can record where your money goes. One will be surprised at how small cutting down on wants rather than needs can help in the long run.
2. Plan ahead: financial success needs one to plan ahead. Planning helps one avoid any surprises that might pop up. A plan is always like a map of showing you how much and when to spend your money.
3. If possible look for alternative sources of income: if there is a part-time job that you can do to an extra income, this could cover the excess expenditure above your income and elevate you from debt.
Answer:
Option e is the correct approach.
Explanation:
- The possibility that a person or, in particular, a corporation will not be able to meet its financial. Bankruptcy risk goes up if the entity or company seems to have no working capital or handles its finances poorly. Financial institutions evaluate the possibility of bankruptcy before deciding whether to offer a loan. It is often referred to as insolvency risk.
- The FI seems to be an organization that serves as an agent amongst involved individuals to a financial exchange, including financial institutions, hedge banks, mutual funds as well as private investors.
Other decisions are taken aren't relevant to the situation. So that alternative e was its right one.
Answer:
170 billion ; deficit
Explanation:
Given:
Amount spent by the government = $500 billion
Tax revenue collected = $480 billion
Transfer payments = $150 billion
Now,
The budget balance for government
= Tax revenue - Amount spent - Transfer payments
= $480 billion - $500 billion - $150 billion
= -170 billion
Here the negative sign depicts the deficit
Hence,
The answer is option 170 billion ; deficit
Answer:
The amount of gain should Jacob Inc. record on December 31, 2015 is $5,000
Explanation:
Truck Value = $48,000
Annual depreciation = ( $48,000 - $8,000) / 8 = $40,000 / 8= $5,000
First year (2013) = $40,000 - $5,000 = $35,000
Second year (2014) = $35,000 - $5,000 = $30,000
Third year (2015)= $30,000 - $5,000 = $25,000
Gain = Sale Value - Truck Value (actual) = $30,000 - $25,000 = $5,000
Answer:
primary; secondary
Explanation:
The primary market is the market where the securities are to sold for the first and foremost time i.e. initial public offering through investment bank
While on the other hand, the secondary market is the market where the securities are traded by the investors and they deal with the existed securties
So the fill in the banks could be filled with the primary and secondary
