All categories

3 years ago

The purpose of a budget is to track your income and your spending. true or false?

Business

2 answers:

skad [1K]3 years ago

3 0

False we use it to save money

solong [7]3 years ago

3 0

False. Tracking income and expenses does not require a budget.

You might be interested in

Customer retention is measured as the percentage of customers who return for more service. true false

seraphim [82]

Your answer is true! The root of the word "retention" is retain, so basically customer retention means retaining customers, which also means having them return. Hope I helped!

8 0

3 years ago

Calculate the firm’s WACC (using 2018 numbers). (You will need to collect information on the long-term debt and common stock equ

tester [92]

Answer:

Before tax cost of debt is 7.12%

After tax cost of debt is 4.27%

Cost of equity is 10%

Explanation:

The before-tax cost of debt can be determined using excel rate formula as found below:

=rate(nper,pmt,-pv,fv)

nper is the number of semiannual payments the bond has i.e 20*2=40

pmt is the amount of semiannual payment=$1000*7.5%*6/12=$ 37.50

pv is the current price =$1000*104%=$1,040.00

fv is the face value of $1000

=rate(40,37.50,-1040,1000)=3.56%

The 3.56% is semiannual yield, hence 7.12% per year (3.56%*2)

After-tax cost of debt=7.12%*(1-t) where is the tax rate of 40% or 0.4

after-tax cost of debt=7.12%*(1-0.40)=4.27%

Cost of equity is determined using the below CAPM formula:

Ke=Rf+Beta*(Mr-Rf)

Rf is the risk free rate of 4%

Beta is 1.2

Mr is the market return of 9%

Ke=4%+1.2(9%-4%)=10.00%

7 0

3 years ago

Ou are chatting with one customer when another begins asking you questions. the second customer is in a hurry and wants immediat

Tpy6a [65]

You should prioritize your first customer since they are entitled with your full attention being the one who availed your service first. You can ask the second customer if she can wait. But if the second customer would be so persistent, you can ask permission from the first customer if she is not in a hurry and that you would entertain the second customer first.

3 0

3 years ago

A firm has the following gross requirements for Item OF. Ordering costs are $60 per order and carrying costs are $0.50 per perio

aleksley [76]

Answer:

c. 120

Explanation:

The economic order quantity is the minimum amount of inventory that a seller must keep to demand and lower the holding cost. The formula for Economic order quantity is represented by the formula:

EOQ = $\sqrt{\frac{2*Demand*Ordering Cost}{Holding cost} }$

EOQ = $\sqrt{\frac{2*240*60}{0.5} }$

EOQ = 120

5 0

4 years ago

"A registered representative who has passed the Series 63 examination wishes to sell managed accounts to customers in differing

Anastaziya [24]

Answer:

The remaining part of the question is:

Which statement is TRUE?

A. The registered representative needs no further licenses to sell managed accounts

B. The registered representative must pass either the Series 65 or Series 66 examination to sell managed accounts

C. The registered representative must post a surety bond prior to selling managed accounts

D. The registered representative is prohibited from selling managed accounts

<u>Correct Answer:</u>

B. The registered representative must pass either the Series 65 or Series 66 examination to sell managed accounts .

Explanation:

Managed or wrap accounts are defined as "investment advisers" in most states. As such, the firm selling managed accounts must register as an investment adviser; and the individuals selling managed accounts for these firms must register as "investment adviser representatives" and pass either the Series 65 or Series 66 examination.

5 0

3 years ago