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2 years ago

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

Business

1 answer:

asambeis [7]2 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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Advice from most financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, a

Lena [83]

Answer and Explanation:

The computation is shown below:

a. For the maximum amount that spend each month on mortgage payment is

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 28%

= $924

b. . For the maximum amount that spend each month on total credit obligatons

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 36%

= $1,188

c. Now the maximum amount spend for all other debt is

For monthly mortgage

= $924 × 70%

= $646.8

And, for mortgage debt

= $1,188 × 70%

= $831.60

4 0

2 years ago

Describe the three most downturns in the United States economy since the 1920's

velikii [3]

The Great Depression, the recession, I don't know the other one.

5 0

2 years ago

On the Border Mexican restaurants all have the same terracotta and turquoise color scheme, with posters of bullfighters and maps

ruslelena [56]

Answer:

The restaurants have a unique ambience, known in legal terms as their

Trade dress

Explanation:

Trade dress protects all elements used to promote a specific service or product. Examples of trade dress include packaging and the atmosphere or décor within a place of business. The term "trade dress" comes from a 1992 court ruling and refers to the way a product is "dressed" to go to market.

3 0

2 years ago

“The needs of a society conflict with the goals of the financial services industry’s desire to make a profit.” Do you agree or d

poizon [28]

Answer:

I do not agree that "the needs of a society conflict with the goals of the financial services industry's desire to make a profit", but on the contrary, I consider that the economic objectives of the financial system contribute to the well-being of the individuals that make up society, with which they satisfy the needs of this in an indirect way.

I believe this because the financial system, through its will to profit, creates jobs and economic opportunities for individuals, who would otherwise be forced to meet their needs without the help of a system designed to profit as a result of work done (such as communism).

3 0

2 years ago

The direct labor standards for a particular product are 4 hours of direct labor at $12.00 per direct labor-hour = $48.00. During

Firlakuza [10]

Answer:

B) $ 1,614

Explanation:

Given the information

Actual:

Production= 3,350 units

Direct labor cost= $159,786

Direct labor hours= 13,450

=> rate per hour = $159,786 / 13,450 = $11.88

Standard

4 direct labor-hours for 1 unit

$12.00 per direct labor-hour

Budgeted production : 3,350 + 150 = 3500 units

=> The labor rate variance for the month was:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

= ($12.00 - $11.88 )*13,450

= 1614

We choose B

7 0

2 years ago