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3 years ago

Randy would like to set up a budget for a vacation he is taking next year. Which money management tool should Randy use?

Business

2 answers:

Nikolay [14]3 years ago

8 0

A spreadsheet.

easier to organize work and it would be easy to read, and it won't be a mess to look at.

Oddysey.

kvasek [131]3 years ago

3 0

<span>A spreadsheet would be a good choice for setting up a budget (choice B). This would allow Randy the ability to enter in expenses and savings, as well as set up charts and graphs that show what projections will be for current and future savings.</span>

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The rationality assumption as used in economicsA. is widely accepted by other social science disciplines as well.B. states that

NNADVOKAT [17]

Answer:

(D) presumes that everyone can perform sound logical analysis at all times

Explanation:

Economics assumes that everyone is rational and will always choose an option that yields the highest utility in all cases. This accounts for the term "the rational human being" in Economics.

5 0

2 years ago

Susan is initially offered a new SUV for $24,000 and agrees to buy it. But when the sales manager comes back after getting some

Olin [163]

The increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

<h3>What is a low-balling technique?</h3>

This is a tactics used when the persuader gets a person to commit to a low offer that they have no intention of keeping and then, the price is suddenly increased.

Hence, the increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

Read more about low-balling technique

<em>brainly.com/question/14565653</em>

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6 0

1 year ago

Today, you deposit $2,500 of cash in a savings account that earns 8.0% in annualized interest. One interest payment is received

Artemon [7]

Answer:

a. $173

Explanation:

The computation of the amount of interest earned in five years is shown below;

But before that following calculations need to be done

As we know that

Simple interest = Present value × rate of interest × time period

= $2,500 × 8% × 5

= $1,000

Now the future value is

Future value = Present value × (1 + rate of interest)^number of years

= $2,500 ×(1 + 8%)^5

= $2,500 × 1.4693280768

= $3,673

Now the compound interest is

Compound interest = Future value - Present value

= $3,673 - $2,500

= $1,173

Now interest on interest is

Interest on interest = Compound interest - Simple interest

= $1,173 - $1,000

= $173

3 0

2 years ago

At the beginning of the year, Cullumber Company had total assets of $864,000 and total liabilities of $523,000. (Treat each item

Radda [10]

Answer:

a. $583,000

b. $878,000

c. $330,000

Explanation:

In this question, we have to use the accounting equation which is presented below:

Total assets = Total liabilities + stockholder's equity

$864,000 = $523,000 + stockholder's equity

So, the stockholder's equity = $864,000 - $523,000 = $341,000

a. New assets = Old assets + addition

= $864,000 + $156,000

= $1,020,000

New liabilities = Old liabilities - reduction

= $523,000 - $86,000

= $437,000

So, the stockholder's equity = $1,020,000 - $437,000 = $583,000

b. New liabilities = Old liabilities + addition

= $523,000 + $91,000

= $614,000

New equity = Old equity - reduction

= $341,000 - $77,000

= $264,000

So, the total assets = New liabilities + New equity

= $614,000 + $264,000

= $878,000

c. New assets = Old assets - reduction

= $864,000 - $90,000

= $774,000

New equity = Old equity + addition

= $341,000 + $103,000

= $444,000

So, the total liabilities = $774,000 - $444,000 = $330,000

7 0

3 years ago

You were left $100,000 in a trust fund set up by your grandfather. The fund pays 6.5% interest. You must spend the money on your

pickupchik [31]

Answer:

The answer is 27,408.71

Explanation:

Solution

Recall that:

You were left with a trust fund of =$100,00

Interest rate = 6.5%

Money with drawled = 4 installments

Now,

The step to take is to find you could withdraw currently at the start of each of the next 3 years with a zero account to end up with.

Now,

100, 00 = X (1 - (1.065)^-4/.065/1.065

We now solve for X

Thus

X =7,408.71

By applying or using a financial calculator

We arrange it to an annuity due setting - [2nd] [BGN] then [2nd] [Set] this will set it to mode "BGN"

So,

N = 4

I/Y = 6.5

PV = -100,000

FV = 0

CPT PMT

The payments are known to to be 27,408.71

Note : Kindly find an attached copy of the Financial calculator below

3 0

3 years ago

Read 2 more answers