All categories

2 years ago

2. As a teenager, why might creating a budget be important?

2 answers:

6 0

A budget can help teens start to discern between genuine needs and wants and will show them where their money is going each month. A good budget will provide for both needs and at least some wants and should be flexible and relatively easy to use and understand.

navik [9.2K]2 years ago

5 0

Creating a budget allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you.

You might be interested in

Organizational effectiveness is a _________, meaning that it is created and defined by an individual or group rather than existi

vova2212 [387]

Answer: Social construct

Explanation:

The organizational effectiveness is the social construct that it is basically defined by the individual and groups instead of existing in external world independently.

Social construct basically influence the organization for their actual rights and actions. Basically, it is the idea which are accepted and created by the society people.

In the social construct all the people unite together rather than exist independently. It basically assign notion and meaning that are assign to each object in the environment.

6 0

2 years ago

Kevin purchases 1,000 shares of Bluebird Corporation stock on October 3, 2020, for $115,000. On December 12, 2020, Kevin purchas

salantis [7]

Answer:a)$195,500 b) $10,735 c)$6,900

Explanation

a)adjusted basis of Kevin’s Bluebird stock on December 31, 2020?

1,000 shares was bought for $115,000

Therefore it was bought at $115 per share

Also

750 shares was bought at $80,500 and therefore bought at 107.33 per share

So in total of 1750 shares, He spent $195,500 ($115,000+ $80,500)

b.On December 12, 2020,he bought shares at 107.33 per share

500 shares would be 500 x $107.33=$53, 665

Therefore, Kevin’s recognized gain or loss from the’ sale of Bluebird stock on March 1, 2021 would be

$64,400- $53, 665 = $10,735

c.Assuming he cannot identify the shares sold, then we can say they are sold on a FIFO ( first in first out) basis. So we would consider the shares bought on October 3, 2020

so we have that

500 x $115=$57,500

$64,400 - $57,500 = $6,900

7 0

2 years ago

Nike received a $300,000 prepayment from Cactus Jack for the sale of new equipment. Nike will bill Cactus Jack an additional $10

serious [3.7K]

Answer:

E. None of these answer choices are correct.

Explanation:

Upon receipt of the advance payment from Cactus Jack, Nike should debit its Cash Account and credit Deferred Revenue by $300,000. When the equipment is delivered to Jack and the additional $100,000 is received, the Deferred Revenue account is debited with $300,000 while the Sales Revenue is credited with $400,000 with additional debit to the Cash Account of $100,000.

5 0

2 years ago

Shoreline Insurance deposited $27,000 in an account paying 4 compounded daily on April 2 and deposited an additional $4,200 in t

nydimaria [60]

Answer:

Balance on balance on July 1 is $31490.67

Explanation:

given data

deposited P = $27,000

time = April 2 to May 12 = 40 days

rate = 4 % = 0.04

solution

we get here first compound amount that is express as

amount = P × $(1+\frac{r}{n})^{nt}$ ...................1

put her value

amount = 27000 × $(1+\frac{0.04}{365})^{(365\times \frac{40}{365})}$

amount = $27118.60

and

now we add here $4,200 in $27118.60 that will be

new principal P = $31318.60

and time t = 12 may to July 1 = 50 days

we get here amount that is put value in equation 1 we get

amount = $31318.60 × $(1+\frac{0.04}{365})^{(365\times \frac{50}{365})}$

solve it we get

amount = $31490.67

so that balance on balance on July 1 is $31490.67

5 0

3 years ago

The field of artificial intelligence, which would not be possible without database technology, includes all but which one of the

PolarNik [594]

I don’t know okay sorry

6 0

3 years ago