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
Lelechka [254]
2 years ago
15

Benjamin Franklin said, “Beware of little expenses. A small leak will sink a great ship. ” What does this mean to a person tryin

g to build financial stability? How would you restate this saying so that it would be clearer to someone trying to grow a budget?
How would you place the order of these steps to build a budget? 1=first 2=the middle step 3=last
______Analyze cash flow and look for ways to increase your income and decrease your expenses....

______Keep track of your spending...

______Identify your income and your expenses....



What are they, and how would you explain their meaning? Give one example of each.

23.Fixed expenses

________________________________________________________________________



Flexible expenses
________________________________________________________________________



Money that comes to you from: Various jobs or work, like cutting grass or babysitting wages,
Full- or part-time employment, Allowances, Odd jobs, Interest and dividends, Other sources, including tips. Is known as your
_________________.



Where does All the money go?

If you are in the habit of buying the 4 for $4 meal special at the local famous fast food restaurant every day of the week for lunch how much would this add up over time? It might taste good going down but what might you be able to save for if you had all that cash in a savings account?



1 day 1 week 1 month 1 year 5 years 10 years
# of Days 26a 27a 28a 29a 30a 31a
4 for$4 Meal 26b 27b 28b 29b 30b 31b


Identify the LIE about Credit cards....
A. Are used to purchase goods and services.

B. Takes money from your checking account when used to pay for purchases.

C. Are subject to interest charges if the balance is not paid in full each month.



Credit Verses Debit

Which card requires you to have enough money at the time you pay for something?
Which card's balance can increase and accrue charges if you do not pay the entire amount each month?
Which card generally offers purchase protections against faulty goods?
Which card(s) may have fees associated with them?
Which card allows you to pay for unexpected emergencies when you do not have enough money?


What are the outcomes to be expected with overspending on your credit card? You need at least two outcomes for full credit




Debit to Income Ratio

After adding your total income, dividing the total monthly bills by the total income, and convert that to a decimal….What would you advise these individuals who are contemplating a large purchase?

Total Income

Total Monthly Bills

Percentage (divide by 100)

Billy $4000

$2800

?

TiQuan $5000

$4000

?

Nadaja $3000

$1000

?



39 (Billy). ________________________________



40 (TiQuan) ______________________________



41 (Nadaja) ______________________________







Which payment arrangement has the worst deal or the higher interest rate you must pay between the instalment loan or the rent to own arrangement?








What three things would you likely need an installment loan to purchase?


Explain how your credit rating would affect your interest rate applied to your installment loan.








Simply put, Finance is the management of ______________________.








Name 2 examples of items that fall under the category of a long-term financial goal.






47.Name 2 examples of items that fall under the category of a short-term financial goal.









48.. Which of the following statements about investing is FALSE?

On average, investing money in the stock market earns a higher return than putting money in a savings account.
Investing is best for long-term financial goals, like paying for retirement.
Investing is a guaranteed way to grow your money.
Investing is riskier than putting money in a savings account.






This is needed To Calculate Simple Interest (Interest = Principal x Rate x Time or I = P x R x T)

Remember to add the Simple Interest to the Principle to get the total to be paid.

Principle

Rate

Time

Interest

Total to be paid

$10,000

15%

5 years

49a

49b

$5,000

5%

8 years

50a

50b

is the purpose of financial insurance agencies?
Business
1 answer:
Hunter-Best [27]2 years ago
5 0

Answer: n or f

Explanation:

You might be interested in
What are examples of withdrawals from the circular flow of income? Check all that apply. A sharp increase in taxes affects many
Readme [11.4K]

A sharp increase in taxes affects many middle-class families.

A sports-apparel company cuts jobs as a result of slow sales.

A fast-food chain goes out of business and shuts down all of its restaurants.

Explanation:

The circular income or circulated flow is a model for the economy where the big transactions between the market participants are represented as cash flows, goods and services, etc. The cash and goods flows transferred in a closed circuit complement the interest but are going in the reverse direction.

Retirements are factors in an economy that escapes from distributed labor flows and reduces national income sizes.

Withdrawals include: savings, taxes and imports.

6 0
3 years ago
Read 2 more answers
The government provides ______
Harrizon [31]
Unemployment insurance
6 0
3 years ago
Clorox sells five major product lines including cleaning, household, lifestyle, professional, and international. Together the pr
Ymorist [56]

Answer: (B) Product mix        

Explanation:

The product mix is one of the important element of the marketing mix as it offers a various types of product ranges in the market and when the company offers a large number of the product line availability in the market for the consumers the  this is known as the product mix.

The product mix is one of the important element for all the companies as it provide the complete image of the products and the brand of the specific organization in the market and it also helps in maintaining the consistency.    

 According to the given question, the Clorox sells the one of the 5 important product lines on the basis of the specific product mix dimensions as it s one of the important concept in the business model.

Therefore, Option (B) is correct answer.  

7 0
3 years ago
Smythe industrials has been in business 50 using the same manufacturing model. the company management is considering changing to
8090 [49]
The upside of changing its assembling frameworks is to enhanced item quality and lessened preparing time. 
JIT and the lean maker has numerous bene±ts including enhanced item quality and diminished handling time, and decreased waste and stock, bring down work and generation costs, and expanded assembling adaptability.
8 0
3 years ago
On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 2027. Annual payments
puteri [66]

Answer:

Explanation:

A capital lease is a lease arrangement in which the lessor agrees to transfer the ownership of an asset to the lessee at the completion of the lease period. During the leasing contract , the lease is treated like an asset in the company's balance sheet

Lease liability at inception =                             676,000

Annual payment  made on December 2017 =(100,000)

Balance lease liability on 2017                        = 576,000

Lease liability on December 2018

Balance on 2017                                                =576,000

Factor in 10% discount on lease payment

100,000 - (576,000*10%)= 100,000-57,600 =   (42,400)

Balance on lease liability =                                  533,600

The current liability portion =

Factoring in the 10% discount =

100,000 - (533,600*10%) = 100,000 - 53,360 =  46,640

7 0
3 years ago
Other questions:
  • Sam, the chief accounting officer of texas fencing corporation, wants to be sure that all the company's accounts are legal and e
    9·1 answer
  • What recommendation(s) do you have for Alikay Naturals to improve or replace Moisturizing Black Soap Shampoo?
    6·1 answer
  • What is the total stockholders' equity based on the following account balances?Common Stock $1,300,000Paid-In Capital in Excess
    14·1 answer
  • Adaris has always been drawn to the saying “absence makes the heart grow fonder,” and she decides to incorporate this saying int
    10·1 answer
  • Abby sells real property for $300,000. The buyer pays $5,000 in property taxes that had accrued during the year while the proper
    7·1 answer
  • 5. Elmofud, Inc. is considering splitting its stock. The stock is currently priced at $90 per share. You own 100 shares of the s
    7·1 answer
  • You are caring for a client status post lung resection. When assessing your client you find that the bubbling in the water-seal
    12·1 answer
  • A PR firm is looking to hire a new team member. It is looking for someone who knows about podcasting, and has search engine opti
    15·1 answer
  • When you validate a customer, you are:​ . Ensuring that the customer will buy the product b. Ensuring that a solution currently
    10·1 answer
  • Sydney worked as an Urban Planner before switching to City Court Clerk. What most likely remained the same despite the job chang
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!