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3 years ago

The only way to decrease your lifestyle budget is by completely eliminating an item.

Business

1 answer:

N76 [4]3 years ago

7 0

Answer:

False

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.

The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.

A lifestyle can be defined as the way and manner an individual chooses to live his or her life. Similarly, a lifestyle budget comprises the cost of goods and services an individual has chosen to spend his or her money on.

Basically, completely eliminating an item isn't the only way to decrease a lifestyle budget because there could be similar items that even cost way more than the eliminated item.

Some of the benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

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Which of these rights is not considered a right of privacy?

Nina [5.8K]

A. right to engage in polygamy.

i hope this helps

8 0

3 years ago

Bird's Eye View manufactures three different sizes of bird cages: small (for finches and canaries), medium (for cockatiels and s

Lesechka [4]

Answer:

Step 1: Identify cost activities and their cost drivers

- Material Handling ⇒ Labor hours

- Automated processing ⇒ Machine hours

- Plastic parts insertion ⇒ No. of parts

- Inspection ⇒ Labor hours

- Packaging ⇒ Orders shipped

Step 2: Assign overhead costs to activities identified

- Material Handling ⇒ $55,000

- Automated processing ⇒ $40,000

- Plastic parts insertion ⇒ $6,000

- Inspection ⇒ $29,000

- Packaging ⇒ $31,000

Step 3: Calculate Total Estimated Cost Driver Activity(for large cage only)

- Material Handling ⇒ 2 per unit × 350 = 700 labor hours

- Automated processing ⇒ 4 per unit ×350 = 1400 machine hours

- Plastic parts insertion ⇒ 8 per unit × 350 = 2800 no. of parts

- Inspection ⇒ 2 per unit × 350 = 700 labor hours

- Packaging ⇒ 180 orders shipped

Step 4: Calculate overhead rates

- Material Handling ⇒ $55,000 ÷ 700 = $79 per labor hour

- Automated processing ⇒ $40,000 ÷ 1400 =$28 per machine hour

- Plastic parts insertion ⇒ $6,000÷ 2800 = $2 per part

- Inspection ⇒ $29,000÷ 700= $42 per labor hour

- Packaging ⇒ $31,000 ÷ 180=$172 per order shipped

Step 5: Apply overheads to product

Since the the amount of activity consumed by each product is no given , it is unable to calculate per unit cost of overhead.

If it were given, the total activity consumed by the product would be multiplied by their respective activity rates calculated above, and then those amounts would be added together to get total overhead consumed by Large cage. Lastly, that total overhead will be divided by no. of units produced to get per unit overhead cost.

7 0

3 years ago

Five hundred units of good x are currently bought and sold. The marginal buyer is willing to pay $40 for the 500th unit, and the

dimaraw [331]

Answer:

D : All options are correct

Explanation:

- The marginal buyer is the essence of demand curve while marginal seller is essence of supply curve.

- @ Q = 500 units, Selling Price is set at SP = $35

- @ Q = 500 units, Buying Price is set at BP = $40

- Since, SP ≠ BP our equilibrium price would be $ 37.5 assuming the price elasticity of demand and supply are equal. In any case the equilibrium price would lie in between [ 35 , 40 ] such that to prevent a shortage of units in near future.

- Moreover, if the seller decides to sell at price $35 then he must sell goods greater than 500 units to reach the equilibrium profits. However, it could also lead to excess of units or surplus.

- We see that from selling the goods at SP = $35 while the buyer is willing to pay BP = $40 for 500 goods, the seller would be under-profiting and would be earning $5*500 = $2,500 less than he would at equilibrium price of $40 and selling units greater than 500. Hence, 500 goods is not an efficient quantity of goods.

6 0

3 years ago

A Firm needs to replace most of its machinery in five years at a cost of $500,000. The company wishes to create a sinking fund t

DaniilM [7]

Answer:

The quarterly deposit required is $ 20,578.36

Explanation:

in order to determine the needed quarterly deposit, we make use of pmt formula in excel, which is given as :

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

rate is the rate of return on the deposit at 8% per year but 2% per quarter(8%/4)

nper is number of deposits required in the fund,which number of years ,5 multiplied by 4(4 deposits per year)

pv is the present of the value of the future amount which is zero as it is not required.

Fv is the amount expected in 5 years which is $500,000

=-pmt(2%,20,0,500000)

pmt= $20,578.36

6 0

3 years ago

The current sections of Buffalo Corp.’s balance sheets at December 31, 2016 and 2017, are presented here. Buffalo Corp.’s net in

Triss [41]

Answer and Explanation:

The preparation of the cash flow from operating activities is presented below:

Cash Flows from Operating Activities

Net income $155,448

Adjustments

Add: Depreciation Expense $27,432

Add: Decrease in Accounts receivable $9,144 (81,280 - 90,424)

Add: Decrease in Inventory $4,064 (170,688 - 174,752)

Less: Increase in Prepaid expenses -$5,080 (27,432 - 22,352)

Add: Increase in Accrued expenses payable $10,160 (15,240 - 5,080)

Less : Decrease in Accounts payable -$7,112 (86,360 - 93,472)

Total of adjustments $38,608

Net Cash Provided by Operating Activities $194,056

The outflow of cash represents in negative sign and the positive sign reflects the inflow of cash

6 0

3 years ago