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3 years ago

How do you distribute your money when using the 50-20-30 rule?

Business

1 answer:

Vilka [71]3 years ago

7 0

Answer:

50 percent: your needs

20 percent: your savings and debt

30 percent: your wants

Explanation:

Budgeting your money using the "50/20/30" rule:

50 percent: Your needs. 50 percent of your paycheck should be set aside for the essentials, the core things you need to live. These include utilities, groceries, and rent, prescription medications, gas for your car, or the minimum payment on your credit card.

20 percent: Your savings and debt. The next 20 percent of your paycheck is for your savings and debt repayments. In other words, paying off the past and investing in the future

30 percent: Your wants. The remaining 30 percent should be spent on things that you want but could live without. This 30 percent allows for flexible spending and, perhaps, a happier life.

This could include money for vacations, shopping sprees, or a car you really covet. But remember, these "wants" include all things that aren't needed to stay afloat, so be sure to prioritize.

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An outbreak of salmonellosis occurred after an epidemiology department luncheon, which was attended by 485 faculty and staff. as

liraira [26]

Out of the 485 who ate the same food items, 65 people had fever and diarrhea and five of them were severely affected. If there were 72 cases added based on the laboratory tests, clinically apparent cases will be (65+72) or 137. The ratio of severe cases to other clinically apparent cases was 5/137.

4 0

4 years ago

The Waverly Company has budgeted sales for the year as follows:

Yanka [14]

Answer:

Production= 15,000 units

Explanation:

Giving the following information:

Sales:

Q2=14,000

Q3=18,000

The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units.

To calculate the production for the second quarter, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 14,000 + (18,000*0.25) - (14,000*0.25)

Production= 15,000 units

6 0

3 years ago

Arbitrage is used successfully by many active securities investors. True statements about arbitrage include which of the followi

lakkis [162]

Answer:

It can be a good way to increase portfolio value.

Explanation:

Arbitrage trading involving buying an investment instrument in one market and simultaneously selling it in another. Arbitrage trading takes advantage of unadjusted/ unsynchronized prices (market inefficiency) in different markets. Stock XY may be trading at a price of $45.41 in market A and $45.51 in market B. An investor can buy the stock in Market A and, at the same time, sell it in market B, thereby gaining $0.10 per stock.

Arbitrate trading is a low-risk investment strategy, but its returns could be great. Trades are executed simultaneously, minimizing risk. Rewards are constant. Arbitrate trading is a good way of growing a portfolio due to its low-risk and almost guaranteed profits characteristics.

4 0

3 years ago

Stephi owns a footwear store. She wants to create a graph of the number of sneakers sold, by brand. She copies the SneakerSales

sukhopar [10]

Answer:

the answer is a

Explanation:

pasting the query results into a spreadsheet :)

brainliest/crown please :)

6 0

3 years ago

Victoria Company reports the following operating results for the month of April.

forsale [732]

Answer:

Victoria Company

1. No Changes:

Break-even point in units = 7,398

Break-even point in dollars = $369,900

Margin of safety = $80,100

2. With changes in sales price and costs:

Break-even point in units = Fixed expense/Contribution margin per unit

= 8,220

Break-even point in dollars = Fixed expense/Contribution ratio

= $390,437

Margin of safety in dollars

= $122,563

Explanation:

a) Data and Calculations:

VICTORIA COMPANY

CVP Income Statement

For the Month Ended April 30, 2020

Total Per Unit

Sales (9,000 units) $450,000 $50

Variable costs 225,000 25.00

Contribution margin 225,000 $25.00

Fixed expenses 184,950

Net income $40,050

Break-even point in units = $184,950/$25 = 7,398

Break-even point in dollars = $184,950/0.5 = $369,900

Margin of safety = $450,000 - $369,900 = $80,100

Management's decision to reduce selling price by 5%

New selling price = $47.50 ($50 * 95%)

Unit sales = 10,800 (9,000 * 1.2)

Total Per Unit

Sales (10,800 units) $513,000 $47.50

Variable costs 270,000 25.00

Contribution margin 243,000 $22.50

Fixed expenses 184,950

Net income $58,050

Break-even point in units = Fixed expense/Contribution margin per unit

= $184,950/$22.50

= 8,220

Contribution ratio = $22.50/$47.50 = 0.4737

Break-even point in dollars = Fixed expense/Contribution ratio

= $184,950/0.4737

= $390,437

Margin of safety in dollars = Budgeted Sales - Break-even Sales

= $513,000 - $390,437

= $122,563

5 0

3 years ago