Ask question

Ask question

All categories

2 years ago

8

Select the correct answer. What is the first step in financial planning? A. maintaining a log of all your expenses B. understand

ing what you want C. preparing a balance sheet D. attaching a goal cost to every goal E. attaching a time frame to every goal

1 answer:

Mariulka [41]2 years ago

6 0

Answer:B

Explanation:

If you don't know what you want you can't do anything else

You might be interested in

Last year a country’s real GDP grew by 4%, it’s inflation rate was 2.5%, and it’s government budget deficit was about $250 billi

Arturiano [62]

Answer:

d. 3.85 trillion

Explanation:

Step 1: Given data

GDP = GDP grew by = 4% = 0.04

R = inflation rate was = 2.5% = 0.025

D = government budget deficit was = $250 billion

Step 2: Formula

X = debt at the start of last year

X = D / (GDP + R)

Step 3: Computation

X = 250 billion / (0.04 + 0.025)

X = 250,000,000,000 / 0.065

X = 3,846,153,846,153.85

Step 4: Convert to trillion

X = 3,846,153,846,153.85 / 1,000,000,000,000

X = 3.85 trillion

The correct option is d. 3.85 trillion

Hope this helps!

5 0

3 years ago

Downloading music tracks owned by record companies without paying for them is an example of a violation of: Question 3 options:

Andrei [34K]

Answer:

A) copyright law

Explanation:

The copyright law is one which protects the original author's work, e.g movies, music etc, from unlawful distribution or redistribution. The law guides against the inappropriate redistribution of the work. In each country, there is always a government organization that regulates and protects an author's right by copyright.

It is an offence to disobey the copyright law, as the author has the right to charge the offender to a law court for required prosecution.

7 0

3 years ago

To get detailed values of project schedule and cost performance, look at _____ and _____.

Olegator [25]

We need to look at the schedule variances and cost variances to get a detailed values of the project schedule and cost performance.

Basically, a project schedule helps to show what to be done, what to utilize and when the project is due.

The cost performance does show the financial effectiveness and efficiency of the project.

In conclusion, we definitely need to look at the <u>schedule variances</u> and <u>cost variances</u> to get a detailed values of the project schedule and cost performance.

Read more about schedule variances

<em>brainly.com/question/3521424</em>

8 0

2 years ago

Alexander Industries is considering a project that requires an investment in new equipment of $3,200,000, with an additional $16

Yakvenalex [24]

Answer:

The total cost is 3,360,000 and consiste of the proce of the new equipment plus the shipping and installtion cost. In contrast, Alexander's initial investment outlay are liabilities.

Explanation:

acquisition cost + shipping and installation cost = equipment value

3,200,000 + 160,000 = 3,360,000

The increase in liablities, will be that, liabilities, not cost, because is not associate with the equipment being ready to use. The equipment is ready to use, once is installed. so shipping and installment cost should be activated, not the accruals and account payable.

8 0

3 years ago

A company purchased $3,200 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $900 worth of merchandise. On

Jlenok [28]

Explanation:

The correct journal entry is as follows

Accounts payable A/c Dr $2,300

To Cash A/c $2,254

To Merchandise Inventory A/c $46

(Being due amount is paid and the remaining balance is credited to the cash account)

It is computed below:

For account payable

= $3,200 - $900

= $2,300

For Merchandise inventory

= ($3,200 - $900) × 2%

= $46

4 0

3 years ago