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damaskus [11]
3 years ago
15

Why is it better to underestimate your income instead of overestimating when creating a budget?

Business
1 answer:
Alja [10]3 years ago
8 0

Answer: It is better to underestimate you income because it allows you to save more money. If you overestimate your income, you have a higher chance of spending all the money that you earn.

Explanation:

For example if you have 20 dollars but think you have 10, then you only spend 10 dollars and save 10. If you over estimate and think you have more than 20, then you spend all the money that you had.

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Flex Co. uses a periodic inventory system. The following are inventory transactions for the month of January: 1/1 Beginning inve
Radda [10]

Answer:

The total cost of goods sold =  $37,500

Explanation:

Given:

Beginning inventory = 10,000 units at $3

Purchase inventory = 5,000 units at $4

Purchase inventory = 5,000 units at $5

Sale inventory = 10,000 units at $10

Total inventory units = [10,000 + 5,000 +5,000]

Total inventory units = [20,000]

Total Cost of inventory units = [(10,000×$3) + (5,000×$4) + (5,000×$5)]

Total Cost of inventory units = [$30,000 + $20,000 + $25,000]

Total Cost of inventory units = [$75,000]

Average price per unit = Total Cost of inventory units / Total inventory units

Average price per unit = $75,000 / 20,000

Average price per unit = $3.75

The total cost of goods sold = 10,000 units sold × $3.75

The total cost of goods sold =  $37,500

3 0
3 years ago
You have purchased a machine costing $30000. The machine will be used for 2 years, and at the end of this time, its salvage valu
Harlamova29_29 [7]

Answer:

$2.07

Explanation:

the complete answer details is found in the attachment below

5 0
3 years ago
Quizlet, In a security review meeting, you are asked to calculate the single loss expectancy (SLE) of an enterprise building wor
sergiy2304 [10]

The formula that should be use to calculate the SLE will be SLE = 100,000,000 × 0.75

<h3>What is the Single-loss expectancy?</h3>

Single-loss expectancy is the monetary value expected from the occurrence of a risk on an asset. This is related to risk management and risk assessment where the exposure factor is represented in the impact of the risk over the asset, or percentage of asset lost.

The Single Loss Expectancy is used for Risk Management and it is the expected monetary loss when a risk occurs.

The  Single Loss Expectancy is related to Asset Value a exposure Factor. The formula used to compute the SLE is single Loss Expectancy (SLE) = Asset Value (AV) × Exposure Factor (EF)

In the given problem the asset value of the enterprise building is $100,000,000 & the exposure factor 75%.

So the formula used to calculate the Single Loss Expectancy (SLE) is

SLE = 100,000,000 × 0.75.

Learn more about single loss expectancy on:

brainly.com/question/17088011

#SPJ1

Complete question:

a. 100,000,000 * 0.75/.01

b. 100,000,000/100 * 0.75

c. 100,000,000/0.75 * 100

d. 100,000,000 * 0.75

7 0
2 years ago
A state constructs an office building. The construction is financed with: (1) a transfer of $1 million from the General Fund; (2
Zolol [24]

Answer:

$8 million

Explanation:

There are total 4 sources involved.

But the government grants are reduced from the cost of the the project. It is not recorded as other financing sources.

Also the earnings from bond proceeds shall not be considered for the other financing sources, as that is mere use of income.

Use of general fund in these capital projects will account for such other financing sources.

Cash received from issue of bonds for this project will also account for such capital fund.

Thus, total other financing sources = $1 million + $7 million = $8 million

4 0
3 years ago
What was the trade discount rate if merchandise with a list price of $14,200 was sold at a net price of $9,940?
Marianna [84]
30% off. 14,200 multiplied by 0.7 equals 9,940. 1.0 - 0.7 = 0.3
6 0
3 years ago
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