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Mrac [35]
3 years ago
13

Name some results that would happen to someone without personal finance skills

Business
1 answer:
asambeis [7]3 years ago
4 0

Answer:

The answer would be

Explanation:

1. Not keeping a budget

2. Paying bills late

3. Not saving money

4. Buying what you want instead of what you need

5. Impulse purchases

6. Getting into debt

7. Borrowing money

8. Being too stingy

9. Not learning about money management

Those who bear the weight of financial burdens may neglect their health in an attempt to save money; they may even go so far as to completely avoid healthcare because they do not have the means to pay it.

Your health is not the only thing negatively affected by poor money management habits. Your career can also take a costly toll from stressors caused by mismanaging your finances

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A(n) ____ cannot be changed or ended. irrevocable trust living will power of attorney revocable trust will
xxMikexx [17]
<span>Like its name implies, an irrevocable trust cannot be changed or ended. Grantors who transfer their assets into such a trust are effectively gifting them to it, revoking their ownership of said assets. This trust is often used as a more tax-effective way to protect an estate.</span>
5 0
4 years ago
Each account that is used can be classified as an asset. True or False
riadik2000 [5.3K]

Answer: I believe your answer will be TRUE.

3 0
3 years ago
In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $22,000 and ending
saul85 [17]

Answer:

The total cost to be accounted for under the weighted-average method would be $184,000

Explanation:

Given information ,

Beginning work in process inventory = $22,000

Ending work in process inventory = $27,000.

The cost of units transferred out from the department =  $157,000

Under weighted average method, the beginning Work in process inventory is not considered. So, the total cost would be displayed below.

Total cost = The cost of units transferred out from the department + Ending work in process inventory

= $157,000 + $27,000

= $184,000

Thus, the total cost to be accounted for under the weighted-average method would be $184,000

7 0
3 years ago
A steel company sells some steel to a bicycle company for $100. The bicycle company uses the steel to produce a bicycle, which i
elixir [45]

Answer:

$200 to (GDP)

Explanation:

GDP stands for Gross Domestic Product and it is the total measure of a country's total economic activity. It is monetary of all the goods and services produced within the country for particular period of time.

Therefore, the transactions between the steel company and bicycle company as contributed $200 because GDP is calculated by adding private investment, private consumption, Government investment, government, government spending and the likes together.

7 0
3 years ago
Read 2 more answers
Suppose that M is fixed but that P falls. According to the quantity equation which of the following could both by themselves exp
rewona [7]

Answer:

D. V fell.

Explanation:

According to the quantity theory :

Money Supply x Velocity = Price x Output

If money supply is fixed, price is directly proportional to velocity.

If price fell, then velocity also fell.

V fell and Y rose

3 0
3 years ago
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