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miss Akunina [59]
3 years ago
8

Why should people take personal finance?

Business
1 answer:
FinnZ [79.3K]3 years ago
8 0
Personal finance skills help you to understand how much you earn, what are your monthly expenses, and help you to budget within that income. It teaches you the basics of money management.
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A firm with a net income of $30,000 and weighted average actual shares outstanding of 15,000 for the year also had the following
scZoUnD [109]

Answer:

A. $1.70

Explanation:

Available Information:

Actual average number of shares outstanding = 15,000 shares

Total common shares issued on conversion = 2,900 share

First Calculate Weighted average number of shares outstanding using following formula:

Weighted average number of shares outstanding = Actual average number of shares outstanding + Total common shares issued on conversion

Weighted average number of shares outstanding = 15,000 + 2,900

Weighted average number of shares outstanding = 17,900 shares

Now Put all the value in the following formula of Diluted EPS:

Diluted EPS = Net Income - Preferred dividend / Weighted average number of shares outstanding

Diluted EPS = ( $30,000 - $4,500 ) / 15000 shares

Diluted EPS = $25,500 / 15000 shares

Diluted EPS = $1.70 / Share

3 0
4 years ago
if the federal reserve decided to include virtual money like bitcoins in its measure of the money supply, what would be the effe
viva [34]

If the Fed decided that virtual money should be included in money supply, we would see a situation where both <u>M1 </u><u>and </u><u>M2 increase/ rise. </u>

M1 is:

  • The most liquid money instruments
  • Inclusive of cash and close instruments

If virtual money was counted as money, it would increase M1 because virtual money is very liquid as it can easily be converted to cash so it would be counted as M1.

M2 would increase because M1 is part of M2.

In conclusion, both M1 and M2 would increase.

<em>Find out more about M1 and M2 at brainly.com/question/25458814.</em>

6 0
3 years ago
WASHINGTON, Jan 29 (Reuters)—Wright Medical Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to se
Alika [10]

Answer:

The journal entry is as follows:

Cash A/c                                                          Dr.  $51.45

To Paid in capital in excess of par value A/c                   $51.42

To Common shares A/c                                                     $0.03

(To record the sale of the shares)    

Note: The amount mentioned in debit and credit column in the above journal entry are in the millions of dollar.

Workings:

Cash = Shares sold × shares closing price

        = $3 million × $17.15

        = $51.45 million

Common shares = Shares sold × Par value per share

                            = $3 million × $0.01

                            = $0.03 million

Paid in capital in excess of par value = Cash - Common shares

                                                              = $51.45 - $0.03

                                                              = $51.42

4 0
3 years ago
In the decision-making process, you must take into account several cultural variables. Describe one of the variables associated
postnew [5]

Answer:

Explanation to this Answer is explained below in detail.

Explanation:

There is always a need to have an important control upon the decisions that we have in the business setup. Informed decision making is very necessary for business. People use different decision setups designed to help in the manufacturing process and most often come up with very fruitful decisions.

Describe one of the variables associated with risk tolerance:

One of the cultural factors associated with risk tolerance may be the threshold for when we can make decisions that are not detrimental to the cultural view of groups. We need to carefully consider our employees and make sure that our decisions are not too objective. Cultural-emotional bias can lead to decisions that can damage brand ownership throughout the business. This is very dangerous and detrimental for any company, so it is necessary to limit decisions and their consequences in terms of cultural sense to avoid any losses.

Describe one of the variables associated with internal/external locus of control:

The internal locust of control is the kind of person who is the best fit for all the jobs. So it is obvious that this person has some control over others. But there are some do's and don'ts for such kind of person as well. Such as, he has to communicate with almost everyone in the workplace. So, he must ensure neutrality in all aspects of other people with whom he is working. Such aspects are religion, race, caste. society etc. and his humor must not harm the emotions of anyone in the workplace.

Why are these important factors to consider?

In order to run business smoothly with maximum profits and best workforce and the best workplace. Effective decision making is the key to go. Hence, these variables are very important to achieve the effective business decision making in the long term.

7 0
3 years ago
1. A interest rate that does not change during the life of the loan is a
Kisachek [45]

Answer:

1,C. Fixed

2.D. Variable

Explanation:

A fixed-rate loan has an interest rate that doesn't change throughout the life of the loan. Because the rate remains the same for the entire term, the monthly loan payment shouldn't change, resulting in a relatively low-risk loan. As you compare loan options, note whether or not loans feature fixed rates

.A floating interest rate, also known as a variable or adjustable rate, refers to any type of debt instrument, such as a loan, bond, mortgage, or credit, that does not have a fixed rate of interest over the life of the instrument.

6 0
3 years ago
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