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Vikentia [17]
2 years ago
13

Why is a spending plan an important part of financial planning? Choose all that are correct. а b C Helps to manage your money in

a positive manner Helps to set and reach goals Tells you what your net worth is Helps to analyze the opportunity costs of your trade-offs to maximize financial well-being Can help to Increase net worth ​
Business
1 answer:
Savatey [412]2 years ago
3 0

Answer:

- Helps to manage your money in a positive manner.

- Helps to analyze the opportunity costs of your trade-offs to maximize financial well-being.

- Can help to increase net worth.

Explanation:

Having a Spending plan is very crucial to ensure that you have a sufficient amount of money every time in order to use it in time of need or emergency. It helps in keeping control and management of the money you spend which promotes a managed financial future. This further enhances your net worth as an individual by preventing unnecessary expenses and also assist in attaining financial goals more effectively and efficiently.

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In a perfectly competitive industry, influence over price is exerted by
tigry1 [53]

Answer:

(C) the forces of supply and demand

Explanation:

In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.

Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.

8 0
3 years ago
Sheffield Corp. earned $2120 for architecture services provided with the fee to be paid in the future. No entry was made at the
Kay [80]

Answer:  If the fee has not been paid by the end of the accounting period and no adjusting entry is made, this would cause: "d. revenues to be understated.".

Explanation: The income would be underestimated because the income of $2120 that corresponds to the service provided in the accounting period, must be recognized in the accounting period in which the economic events occur regardless of when the income of the funds occurs (accrual principle).

6 0
2 years ago
Charles wants to work for himself in the Transportation and Logistics career cluster. Which lists the jobs with the
FinnZ [79.3K]
The second one is the best chance to be self employed at because logisticians require a degree and there is less call for them.
6 0
2 years ago
If a family spends its entire budget in a given time frame, the family can afford either 10 restaurant meals or 30 home meals. A
Andrej [43]

The opportunity cost of one extra restaurant meal in the time frame is 3 home meals.

<h3>What is opportunity cost?</h3>

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. When the family chooses to go for the restaurant meal, they forgo the opportunity for a home meal.

Opportunity cost  = 30 / 10 = 3

To learn more about opportunity cost, please check: brainly.com/question/26315727

7 0
2 years ago
Dake Corporation's relevant range of activity is 3,200 units to 8,000 units. When it produces and sells 5,600 units, its average
Sladkaya [172]

Answer:

$22,780

Explanation:

The computation of the  total amount of indirect manufacturing cost incurred is shown below:

= Variable manufacturing overhead + fixed manufacturing overhead

where,

Variable manufacturing overhead  = Number of units produced × variable manufacturing overhead per unit

= 4,600 units × $1.30

= $5,980

Fixed manufacturing overhead  = Number of units produced and sold × fixed manufacturing overhead per unit

= 5,600 units × $3

= $16,800

So, the total indirect manufacturing cost is

= $5,980 + $16,800

= $22,780

6 0
2 years ago
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