1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Studentka2010 [4]
3 years ago
15

Why is it important for every person to keep track of their earnings and spending patterns?

Business
1 answer:
PSYCHO15rus [73]3 years ago
4 0
It is important because that is how you budget and how you are able to save money if an emergency comes up
You might be interested in
With one (1) example each, state and explain five (5) outputs derived from a business policy
vekshin1

Answer:

Business Policy refers to how a company guides it's actions towards achieving it's goals. In other words these are guidelines and actions that the company sets out as required for it's employees that the company may achieve long term goals.

Outputs of Business Policy includes,

a. Easier Decision Making

When a business properly sets out it's policy on certain actions then employees make decisions easier in relation to actions that would otherwise have been unclear as to how they could be resolved.

For example, stating that the company does not take gifts from clients will help a Fund Manager for example, avoid receiving tickets to a game from a client as gratitude for a job well done.

b. Outline Job Expectations

Business Policies let employees know exactly what is expected of them so that they may act accordingly. Surprisingly more often than not, employees can act in a certain way that could hurt the firm simply because they did not know better. Well established business policies can solve this problem.

For example, by stating the decision authority of jobs in a Department, employees can know not to overstep.

c. Employee Efficiency

Establishing business policies can help improve the work rate of employees by giving them.incentives, quotas, requirements or by removing distractions. The Employees will therefore focus more on their work and work better to improve the company.

For example, mandating that Social Networks not be used on company time will help some employees focus better.

d. Consistency

Well established business policies ensure that there is consistency in the operations of the business. Policies will tell the Employees how things are done and even when new employees come, the policies can guide them in their work so that they can pump out a consistent level of work to company expectations.

For example, Stating Audit Policy in an Audit Firm so that all employees may audit companies in a certain consistent way for easier comparison.

e. Improves Working Environment

Good and well implemented Business policies reduces friction amongst Employees amongst themselves and with management. Because everyone will have their roles, they will act accordingly and avoid stepping on the shoes of others.

For example, a certain team will be in charge of one facet of production and another team will be in charge of another. This way the teams don't clash on decisions to be made in the facet of production that they are in charge of.

8 0
3 years ago
Bob is a manager at dow corning who has lost five of his employees during the last year. now he has to make a decision about how
Korolek [52]
I believe that the problems Bob is going Face is...he will struggle with Ideas and he will have many Diclamers along the way
8 0
3 years ago
Webster's has sales of $649,000 and a profit margin of 7.2 percent. the annual depreciation expense is $102,600. what is the amo
Dimas [21]
Operating cash flow = ($649,000 x .072) + $102,600 = $149,328. In financial accounting, operating cash flow or as called as OCF in which cash flow provided by operations, cash flow from operating activities or as called as CFO or free cash flow from operations or as called as FCFO bring up to the sum of cash a company produces from the revenues it brings in not including costs related with long-term investment on capital items.
7 0
3 years ago
The employees of an information technology company complain that the company has been spending a lot of funds in wasteful activi
Oksanka [162]

Options:

A. Public prosecutor

B. Government Accountant

C. Internal auditor

D. Public accountant

Answer: C. Internal Auditor.

Explanation: An Auditor is a professional whose main responsibility is to evaluate processes or systems in order to determine and expose areas where losses or failures are taking place in order to mitigate or correct these losses and failures. There are two types of Auditors, which includes INTERNAL AUDITOR (An Auditor employed by a firm to continuously audit its processes,accounts or system) and EXTERNAL AUDITOR(An Auditor contracted from external bodies in order to audit a firm).

4 0
3 years ago
A manager must decide on the mix of products to produce for the coming week. Product A requires three minutes per unit for moldi
atroni [7]

Answer:

Check the explanation

Explanation:

Going by the question above we will have to first work on the

Formulation of LP:

Maximize profit

Z = 1.5A+1.5B where A - number of units of product A and B - number of units of product B

subject to constraints -

600 minutes available for molding

3A+2B <=600 ---> Molding constraint---> 1

600 minutes available for painting

2A+4B<=600 ---> Painting constraint---> 2

420 minutes available for packing

A+3B<=420 ---> Packing constraint---> 3

A, B, C >=0 ---> Non-negative constraint ---> 4

b) Solution with the help of Excel solver:

Target cell will be the RHS or profit value of the objective function as we are maximizing the profit.

Changing cells will be A and B ---> number of units of products

Constraints will be entered as below. The same are also listed in part A (1,2,3,4).

The attached images below are the formulation.

6 0
3 years ago
Other questions:
  • Question on job application ( I believe that rules often limits my productivity? True or not true?)
    15·2 answers
  • A manufacturer of a brand of high-end hiking boots and specialized athletic shoes has hired your agency to run a print campaign.
    12·1 answer
  • Marilyn, a human resources associate in a public relations firm, maintains friendly relationships with her colleagues. She prefe
    11·1 answer
  • What color is red in the spectrum?
    15·1 answer
  • Leslie Printing has net income of $26,310 for the year. At the beginning of the year, the firm had common stock of $55,000, paid
    6·1 answer
  • What is the present value (PV) of $50,000 received eighteen years from now, assuming the interest rate is 4% per year
    9·1 answer
  • The law of supply states that
    14·1 answer
  • Jennifer received news that she is getting a 5% raise. However, the Bureau of Labor Statistics just reported that prices are ris
    12·1 answer
  • In its first year, Barsky Corporation made charitable contributions totaling $30,000. The corporation's taxable income before an
    14·1 answer
  • Using the accounting equation (A = L + OE) calculate the amount of equity the company has if your assets are worth $10,000 total
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!