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3 years ago

What is a reason someone would want to include a savings in a budget?

1 answer:

katrin2010 [14]3 years ago

7 0

Having a saving in the budget will one help obviously save more money for the household and it will build interest over the years.

You might be interested in

Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead

Juliette [100K]

Answer:

Applied overhead = $380,250

Under applied by = $71,750

Explanation:

Firstly, we know that the formula for overhead rate is ;

Overhead rate = Cost of manufacturing overhead/Cost driver

It also means that to get the predetermined overhead rate, the expected cost will be distributed along a cost driver. Hence;

Labor hours = $396,500/61,000 = $6.5

The above rate would then be applied to the actual labor hour for the period

= $58,500 × $6.5 = $380,250

It therefore means that the applied overhead for the period is $380,250

We will now compare the applied overhead with actual overhead

= $380,250 - $452,000

= ($71,750)

It means that the overhead was under applied as the actual overhead cost was higher.

3 0

2 years ago

High-Rise Boots Corp. plans to expand into the European market where it finds weak pressure to respond to local demands and cost

Alekssandra [29.7K]

Answer: Home replication strategy

Explanation:

The competitive strategy should the company use based on these factors is the home replication strategy. In this strategy, there is a minimal need for flexibility or modifications.

Since the company finds weak pressure to respond to local demands and cost reductions are not necessary, then the home replication strategy is applicable.

7 0

3 years ago

5. In a command economy, poor planning is likely to lead to (1 point)

aleksandr82 [10.1K]

5.)d.products shortages and waste

6.)b.other countries quickly bought the low-priced products

6 0

3 years ago

First Financial Auto Loan Department wishes to know the payment required at the first of each month on a $10,500, 48-month, 11%

julia-pushkina [17]

Answer:

First Financial would divide the $10,500 loan by the present value of annuity due of 1.

The correct answer is C

Explanation:

Present value of annuity formula is used for determining the amount of loan payment. Since the payments will be made at the beginning of each month, we will apply the formula for present value of annuity due. In order to determine the amount of monthly payment, we will divide the principal by the present value of annuity due of 1.

7 0

3 years ago

A salesperson earns $350.25 per week plus 12% of her weekly sales. Which of the following describes the sales necessary for the

Natali5045456 [20]

The equation for problem above is:
350.25+12/100*x=800.5
12/100*x=800.5-350.25
12/100*x=450.25
12x=45025
x=45025/12=3752.08

But the question is "at <span>least" $800.50 so the final answer is

</span> $x \geq 3752.08$ <span>
</span>

3 0

3 years ago