All categories

2 years ago

What are the benefits of tracking income and spending according to a budget

2 answers:

8 0

(1)It Helps You Stick to Your Budget.
(2)Tracking Your Expenses Can Reveal Spending Issues.
(3)It Helps You Meet Your Financial Objectives.
(4)Record Expenses With Pen and Paper.
(5)Make It Easier With an App or Software.
(6)Work Together as a Couple.

Romashka [77]2 years ago

5 0

Answer:

You won't go over on an account, also, if someone hacks into your account/ uses your money, you know who to contact, for you know that you didn't buy that item.

Explanation:

You might be interested in

The following financial resources were among those received by Seco City during year 1:_____

Burka [1]

Answer:

A) $0

Explanation:

Seco City will record $0 as special revenue funds during year 1 with respect to the foregoing resources.

The $6,000,000 for acquisition of major capital facilities would be recorded as capital projects fund.

$2,000,000 to create a non-expendable trust would be recorded as private purpose trust fund.

8 0

3 years ago

Franchise<br> Is what type of organization

DENIUS [597]

Answer:

Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.

5 0

3 years ago

Read 2 more answers

Morales Company sells $320,000 of its receivables to Instant Factors, Inc. Instant Factors assesses a finance charge of 3% of th

bazaltina [42]

Answer:

Dr Cash $310,400

Dr Factoring expense$9,600

Cr Account receivable $320,000

Explanation:

Preparation of the journal entry to record the sale of the receivables on Morales Company's books.

Dr Cash $310,400

($320,000-$9,600)

Dr Factoring expense$9,600

($320,000*3%)

Cr Account receivable $320,000

(Being to record the sale of the receivables on Morales Company's books

7 0

3 years ago

1.6 Harper Travel Agency purchased land for $85,000 cash on December 10, 2015. At December 31, 2015, the land's value has increa

noname [10]

Answer:

$85,000

Explanation:

In the balance sheet, a company records the value of assets at their historical cost. Assets are recorded in the balance sheet at the price that they were acquired. Even if a company has strong reasons to believe that the value of an asset has increased, It cannot adjust its value in the books.

Harper will record the value of the land at $85,000. $93,000 represents the fair value of the property. Harper cannot record the fair value in the balance sheet. The fair value is only used when disposing of the property. The only way of verifying the fair value is by selling the property.

4 0

2 years ago

Rec Equipment incurred $58,500 in total costs when it produced 9,000 balls. Total fixed costs are $36,000. What is the total

mart [117]

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the given data are as follows:

Total Cost = $58,500

Total units = 9,000

Total fixed cost = $36,000

So, we can calculate the total cost for 12,000 balls by using following formula:

Total Cost for 12,000 balls = (12,000 × Variable cost per unit) + Fixed cost

Where, variable cost per unit = (Total cost - Fixed cost) ÷ Total units

= ($58,500 - $36,000) ÷ 9,000 = $2.5

By putting the value, we get

Total Cost for 12,000 balls = (12,000 × $2.5) + $36,000

= $66,000.

3 0

3 years ago