All categories

3 years ago

Why should you track and record your spending and income?

2 answers:

6 0

You could manage your spending more efficiently in the future, therefor you learn to save money and or build credit history. In-order for an individual to get an accurate estimate of their income, they'll need to keep track of their spending.

Morgarella [4.7K]3 years ago

3 0

You want to make sure you're never spending more than you have, to keep yourself out of debt. Unless you're trying to build credit, you don't want to go into debt.

Keeping track is very smart, it helps you budget, and in cases where you use a debit card that takes several days to actually take the funds out of your account, it helps you make sure you're always able to pay for what you buy.

You might be interested in

Which of the following is generally used by companies with fewer than 50 employees?

marshall27 [118]

Answer:

Explanation:

5 0

3 years ago

Diamonds and other jewels often carry a high price to convey an image of high quality or uniqueness. This type of pricing is kno

olchik [2.2K]

Prestige pricing is a unique pricing method involving products which would actually generate less overall profit at lower prices than higher prices. As long as the product is views by the public as being "prestigious," it will be in greater demand at the higher price. If the price were lowered, the public opinion of the product would be lower and the product would be seen as less desirable. This results in the product selling less at the lower price than at the higher price.

5 0

4 years ago

In a small economy, consumption spending in 2009 is $6,000, government spending is $1,200, gross investment is $1,500, exports a

icang [17]

Answer:

the gross domestic product is $9,700

Explanation:

The computation of the gross domestic product is shown below

= Consumption spending + government spending + gross investment + exports - imports

= $6,000 + $1,200 + $1,500 + $2,000 - $1,000

= $9,700

Hence, the gross domestic product is $9,700

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0

3 years ago

What is a sales quota? Group of answer choices

Nuetrik [128]

Answer:

Sales Quota is the amount of sales that an individual sales person or group of sales people is expected to make within a specific amount of time.

Explanation:

Sales Quotas are the goals of the sales team that they are expected to achieve in a given period of time. It can be monthly, quarterly, or yearly. Sales Quota can be based on one person or can be set for a team or a group.

This helps an organization to achieve sales and revenue targets. Managers are able to learn about the productivity of the team and their success rate with the help of Sales quota. Sales quota also motivate the team to do better and achieve the goals.

5 0

3 years ago

The following situations should be considered independently. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $

Naddika [18.5K]

Answer:

1. John Jamison Approximately how long will it take John to reach his goal?

2. Jasmine Company What is the interest rate implicit in this agreement?

8,77%

3. Sam Robinson What is the annual payment Sam must make to pay back his friend?

2416,815107

Explanation:

PV x Int Rate x+int.rate N y y*PV

1. John Jamison 30000 1 10% 110% 8 2,143 64307,6643 64307

2.Jasmine Company N Monthly principal interest Net value

33.494

1 6.000 3.062 2.937 30.432

2 6.000 3.331 2.669 27.101

3 6.000 3.623 2.377 23.477

4 6.000 3.941 2.059 19.536

5 6.000 4.287 1.713 15.250

6 6.000 4.662 1.337 10.587

7 6.000 5.071 929 5.516

8 6.000 5.516 484 0

Loan 33494

Monthly: 8

Interest: 8,77%

Monthly payment 6.000

3. Sam Robinson N Monthly principal interest Net value

15000

1 2416,815107 766,815107 1650 14233,18489

2 2416,815107 851,1647687 1565,650338 13382,02012

3 2416,815107 944,7928933 1472,022214 12437,22723

4 2416,815107 1048,720112 1368,094995 11388,50712

5 2416,815107 1164,079324 1252,735783 10224,4278

6 2416,815107 1292,128049 1124,687058 8932,299746

7 2416,815107 1434,262135 982,5529721 7498,037611

8 2416,815107 1592,03097 824,7841372 5906,006641

9 2416,815107 1767,154376 649,6607306 4138,852265

10 2416,815107 1961,541358 455,2737492 2177,310907

11 2416,815107 2177,310907 239,5041998 0

5 0

3 years ago