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3 years ago

Which payment type is best if you are trying to stick to a budget?

2 answers:

5 0

A debit card or cash (a debit card acts like cash pulled from your checking account) is the best payment type if you are trying to stick to a budget. This allows for only cash on hand to be used when making a purchase. Sticking to a budget is hard, but it is harder when you have access to a credit card or something that allows you to keep buying without current money on hand. Sticking to cash or a debit card helps you avoid overspending money you don’t actually have.

Masteriza [31]3 years ago

4 0

I believe the answer is: Debit Card

To use a debit card, you have to set aside a certain amount of money in an account, and the amount that you can used with your debit card cannot surpass the amount in the account. This would help you stick to your budget and avoid overspending.

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4. Mrs. Derry is a retired receptionist living on a fixed income in a small apartment. Her power was recently cut-off because sh

nexus9112 [7]

Answer:

Explanation:

A retirement home organization would be the best option in this scenario to help Mrs. Derry enjoy her retirement years. These organizations provides all of the day to day help that an elderly person would need in order to live happily. This includes help with groceries, paying bills, cooking, driving, etc. Any and all tasks that the individual is not fully capable of doing anymore. These organizations also provide housing for retired individuals, making it easier to help them enjoy their retirement even more.

8 0

3 years ago

On January 1, 2013, US Manufacturing purchased a machine for $ 830,000. The company expected the machine to remain useful for

inessss [21]

Answer and Explanation:

The computation and the journal entry is shown below:

1. For accumulated depreciation, first we have to find out the depreciation expense using the straight line method

= (Original cost - salvage value) ÷ (Useful life)

= ($830,000 - $60,000) ÷ (10 years)

= $77,000

Now the accumulated depreciation for 5 years is

= $77,000 × 5 years

= $385,000

2. Now the journal entry is

Cash $300,000

Loss on sale or disposal $145,000

Accumulated Depreciation - Machine equipment $385,000

To Machine equipment $830,000

(Being the sale of the machinery is recorded)

For recording this we debited the cash, loss and accumulated depreciation as it increased the assets, losses, and the accumulated depreciation balance and credited the machine equipment as it decreased the assets

3 0

4 years ago

Which broad field of economics would most likely study how consumers respond to a hike in cigarette taxes? multiple choice micro

mestny [16]

Answer to the question is microeconomics.

Microeconomics is a branch of mainstream economics that studies the behavior of persons and corporations in making selections related to the allocation of scarce sources and the interactions amongst these people and firms.

<h3>What is the difference between macroeconomics vs microeconomics?</h3>

Microeconomics has applications in trade, industrial organisation and market structure, labor economics, public finance, and welfare economics. Macroeconomics is the find out about of the selections of countries and governments. The term analyzes whole industries and economics instead than folks or specific companies.

Learn more about microeconomics here;

<h3>brainly.com/question/8648375</h3><h3 /><h3>#SPJ4</h3>

7 0

1 year ago

Wainright Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 850 2 1,190 3 1,450 4 1,600

Mashutka [201]

Answer:

$4,238.05

Explanation:

The computation of the present value is shown below:

Years Cash flows Discount factor @7% Present value

1 $850.00 0.9345794393 $794.39

2 $1,190.00 0.8734387283 $1,039.39

3 $1,450.00 0.8162978769 $1,183.63

4 $1,600.00 0.762895212 $1,220.63

Total present value $4,238.05

8 0

3 years ago

An investor purchases a long call at a price of $3.35. The strike price at expiration is $52. If the current stock price is $52.

alekssr [168]

Answer:Break Even Point ,BEP = $55.35

Explanation:

Break Even Point= strike price+ long call price

given that, strike price at expiration= <em>$52</em>

long call price<em>=$3.35</em>

<em>BEP = $52+$3.35</em>

<em>=$55.35</em>

The price that the stock puchased by the investor has to reach for it to break even is <em>$55.35.</em>

Although as stated in the question, the current stock price is <em>$52.10</em>.

However, if the price of the stock exceeds <em>$55.35</em>, your call option will yield more profit than you paid for it and result in a net gain

5 0

3 years ago