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3 years ago

If you have many competing financial goals, what should you do to help yourself focus on the most important ones

Business

2 answers:

Sunny_sXe [5.5K]3 years ago

5 0

Answer:

b. prioritize and make a budget.

Explanation:

Comprehending the drive and purpose behind one's objectives will help broaden their mind and allow people to think about why they set the targets initially. Financial priorities are perfect because they're helping people establish an ambitious plan for their life to move ahead. To balance competing financial objectives, one needs to think about which goals are already in place, which ones may be pending for a few years, and what adjustments one might like to add to their budget.

CaHeK987 [17]3 years ago

3 0

Answer:

b. prioritize and make a budget

Explanation:

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Ratzan Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corpor

MaRussiya [10]

Answer:

$33.80 per hour

Explanation:

The computation of the predetermined overhead rate is shown below:

= Estimated manufacturing overhead ÷ machine hours

= ($71,000 + $12,100 + $54,900 + $14,000 + $17,000) ÷ (5,000 machine hours)

= $169,000 ÷ 5,000 machine hours

= $33.80 per hour

6 0

3 years ago

Baxley Brothers has a DSO of 17 days, and its annual sales are $6,570,000. What is its accounts receivable balance? Assume that

Anna71 [15]

Answer:

Accounts receivable balance=$306,000.

Explanation:

Given Data:

DSO=17 days

Annual sales=$6,570,000

Number of days in year=365 days

Required:

Accounts receivable balance=?

Solution:

$DSO=\frac{Account\s receivable}{Average\ Sales\ Per\ Day}$

Average sales per day:

$Average\ sales\ Per\ day=\frac{Annual\ Sales}{Days\ In\ year}\\ Average\ sales\ Per\ day=\frac{\$6,570,000}{365}\\ Average\ sales\ Per\ day=\$18,000$

Calculating account receivable:

$Account\ receivable=DSO*Average\ sales\ Per\ day\\Account\ receivable=17*\$18,000\\Account\ receivable=\$306,000$

Accounts receivable balance=$306,000.

6 0

3 years ago

What is the present value of $12,350 to be received 4 years from today if the discount rate is 5 percent?

Readme [11.4K]

Answer:

The correct answer is $10,160.38

Explanation:

According to the scenario, the given data are as follows:

Future value = $12,350

Number of years (n) = 4 years

Discount rate (r) = 5%

Hence, Present value can be calculated by following formula:

Future value = Present value $( 1 + r )^{n}$

$12,350 = Present value $( 1 + 0.05 )^{4}$

Present value = $\frac{$12,350}{1.05^{4} }$

Present value = $10,160.38

Hence, the correct answer is $10.160.38

5 0

3 years ago

What is the proper preparation sequencing of the following budgets? 1. Budgeted Balance Sheet 2. Sales Budget 3. Selling and Adm

sergij07 [2.7K]

Answer:

1. Sales Budget

2. Selling and Administrative Budget

3. Budgeted Income Statement

4. Budgeted Balance Sheet

Explanation:

First of all the sales budget is prepared in which expected sales are shown and then the selling and administrative budget is prepared which shows expenses related to sale.

The income statement budget is prepared which shows the expected income.

Then at last Budgeted Balance Sheet is prepared in which the expected income is transferred.

The order in which they appear is as follows.

1. Sales Budget

2. Selling and Administrative Budget

3. Budgeted Income Statement

4. Budgeted Balance Sheet

5 0

4 years ago

Creative accountant who DIY their own accounting system go to jail. True or false

Elza [17]

Answer:

true

Explanation:

3 0

3 years ago