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Snezhnost [94]
3 years ago
10

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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Assume the facts in part (a) except the adjusted basis of Rodriquez's original parcel of land is $65,000 and the fair market val
Masja [62]

Answer:

A 1031 Exchange allows a taxpayer like Rodriguez to temporarily differ any capital gains when they sell a property and immediately purchase another property using the proceeds from the sale. In the first part of the question, Rodriguez sold a property that had a basis of $57,000 for $65,000, and immediately but another property worth $65,000. That means that he doesn't need to immediately pay any taxes for the $8,000 gain.

But if the situation is the opposite. Instead of making a gain, Rodriguez lost money, then he should immediately record the $8,000 loss in order to lower his taxes. The less taxes you pay, the better. The whole idea of the 1031 Exchange is to defer taxes that you owe, not to defer losses that will lower your taxes.

7 0
3 years ago
Mara Kay is a system analyst for a national department store. She was tasked to identify previously unknown relationships in the
kherson [118]

Answer: Data Mining

Explanation: Mara Kay tasked with identifying previously unknown relationships in the company's sales data. This is an indication that Mara Kay will be working with pre-existing company data.  

Data Mining can therefore be defined as the examination of large pre-existing databases in order to discover/identify patterns that will be useful in generating new information.

Data Mining is also known as Knowledge Discovery in Databases.

Data Mining will not be complete if the results of the analysis are not used for future purposes, therefore, Mara Kay will use the results of her findings for future promotions.

5 0
4 years ago
A. If management reports truthfully, what economic events are likely to prompt the following accounting changes?
Sav [38]

Answer:

Increase in the estimated life of depreciable assets

Opinion of third parties

Explanation:

If management reports truthfully, the economic events that are likely to prompt the following accounting changes are an increase in the estimated life of depreciable assets.

The features of accounting, that would make it costly for dishonest managers to make the same changes without any corresponding economic changes is auditing.

Auditiors are the third parties which provide a clean account of the financial statement of the company, therefore if the changes in the accounting policy are consistent with economic changes, the audits will not provide a clean account of the financial statement

5 0
3 years ago
One could use the investment opportunity curve and the indifference curve to calculate optimal consumption and investment.
saveliy_v [14]
I think it’s false !! :)) Lmk if it’s right !?!
3 0
3 years ago
With a horizontally organized organization and very little top-down decision making, employees are viewed as co-owners and all g
Rom4ik [11]

Answer:

strong

Explanation:

According to my research on different organizational structures, I can say that based on the information provided within the question it seems that the New Belgium Brewing Company has a strong organizational culture. This can be said because based on the information provided the company is structured in a way that all the organizations employees are working at top performance because it benefits them for the company to succeed, therefore helping one another as well as the organization and forming a strong culture.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
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