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3 years ago

What is Not true about unexpected expenses?

Business

1 answer:

m_a_m_a [10]3 years ago

3 0

Answer: Option a they do not occur if you have a budget

Explanation:

Unexpected expenses are the sudden expenses which occur which are apart from the budgeted usual expense. These expenses cannot be predicted in advance they also occur rarely. The payment of other bills become due to unexpected expenses. They affect the budget of the month.

The borrowing of funds can be avoided if funds are saved for emergency purposes in the budget.Emergency fund saved can help to meet the unexpected expenses. They can be included in the budget as emergency fund.

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Over the past year, you earned a nominal rate of interest of 10% on your money. The inflation rate was 5% over the same period.

zimovet [89]

Answer:

exact actual growth rate of your purchasing power was 4.8%

Explanation:

given data

nominal rate of interest = 10%

inflation rate = 5%

solution

we get here exact actual growth rate that is express as

exact actual growth rate = $\frac{1+rate\ of\ interest}{1+inflation\ rate} - 1$ ..........................1

put here value and we will get

exact actual growth rate = $\frac{1+0.10}{1+0.05} - 1$

exact actual growth rate = 4.8 %

so here exact actual growth rate of your purchasing power was 4.8%

3 0

3 years ago

A good rule of thumb is to limit consumer credit payments to ____________ percent of your net monthly income.

frutty [35]

A good rule of thumb is to limit consumer credit payments to 20% percent of your net monthly income.

6 0

3 years ago

What level of education may be required for a career as a help desk associate?

hichkok12 [17]

Answer:

A. Associate's degree program

Explanation:

An associate degree is the main level of post-optional instruction that secondary school graduates can seek after at non-professional organizations of higher learning. Ordinary partner projects take two years to finish; therefore, adaptable online plans can be intended to assist you with graduating in as meager as the year and a half.

Since an associate degree educational program is regularly taken from and worked around few general training prerequisites expected to procure program of 4 years education, a partner degree may assist you with getting ready to finish a future four-year college education program.

3 0

3 years ago

Cash is King!Good cash management is an essential job of the financial manager! You own a small auto sales business called King

fomenos

Answer:

The solution to the given problem is given below.

Explanation:

1. Do you believe that the company needs outside financing?

Yes, Company needs outside finance total $ 40,000 as $25,000 in month of Feb and $15,000 in month of Apr il.

2. What is the minimum line of credit to request from a lender?

Minimum line of credit needed is $40,000

3. Do you think you are a good candidate for the line of credit? Why?

Yes, we are good candidate for line of credit because we can start repayment by May and repay by July and after repayment we will have ending March Cash balance $100,000 .

Detailed calculations are attached with the image.

3 0

3 years ago

Steve went to his favorite hamburger restaurant with $3, expecting to buy a $2 hamburger and a $1 soda. when he arrived he disco

inysia [295]

The answer is The income effect.
Income effect is described as the change in demand of a service or good brought on by change in the income of a consumer.It is observed in two cases first is when income of person increases and second is when price of goods or service decreases.
The scenario given in the question is an example of second case as the price of burger was less than normal Steve perceived his income to be able to buy more product in same price

8 0

3 years ago