Answer:
Improve your budgeting skills
Explanation:
When your expenses each month exceeds your income, it probably means that your budgeting skills are ineffective or you don't have non at all. If you spend more than what you earn, then chances are high that you will need to borrow to service your excess expenditure. If you continue borrowing to meet your budget, then you might end up in perpetual debt where you are unable to pay back you loan. This often leads to a default, which can have some serious consequences to your credit. Luckily, there are various steps that one can take to meet their expenditure and also to put them on the right track towards financial independent.
The best way towards financial freedom is improving ones budgeting skills through the following methods;
1. Track your spending: most of the time people spend without necessarily knowing where their money goes. Expenditure tracking is a way in which you can record where your money goes. One will be surprised at how small cutting down on wants rather than needs can help in the long run.
2. Plan ahead: financial success needs one to plan ahead. Planning helps one avoid any surprises that might pop up. A plan is always like a map of showing you how much and when to spend your money.
3. If possible look for alternative sources of income: if there is a part-time job that you can do to an extra income, this could cover the excess expenditure above your income and elevate you from debt.
Answer:
Hoover Corp., a wholesaler of music equipment, issued $12,500,000 of 10-year, 14% callable bonds on March 1, 20Y2, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year.
Explanation:
Answer:
The correct answer is A. Employers bear investment risk relating to the plan.
Explanation:
The first statement is false, because the main actors in that case would not be employers, but employees. The contribution plan is defined as a pension plan in which the company agrees to make monetary contributions each year for the benefit of the employee. For example, the company can contribute 1% of the salary to a pension fund every month. The employee can also contribute part of his salary to this plan.