Answer:
A cash budget is very important, especially for smaller companies. It allows a company to establish the amount of credit that it can extend to customers without having problems with liquidity. A cash budget helps avoid a shortage of cash during periods in which a company encounters a high number of expenses.
Explanation:
Answer:
Total monthly saving = $1,315
Explanation:
Given:
Oakland Los Angeles
Cost Housing $565 $1200
Food $545 $655
Health Care $245 $495
Taxes $450 $625
Other Necessities $350 $495
Find:
Total monthly saving
Computation:
Saving in house = $1200 - $565 = $635
Saving in food = $655 - $545 = $110
Saving in health care = $495 - $245 = $250
Saving in taxes = $625 - $450 = $175
Saving in necessities = $495 - $350 = $145
Total monthly saving = $635+$110+$250+$175+$145
Total monthly saving = $1,315
Answer:
a) 14.43% , The amount is reasonable
b) Pay as you go
c) Yashari should should prioritize paying the Loan instalment before saving for the emergency fund
d) Standard repayment plan
Explanation:
Yashari Monthly take-home pay = $1850
<u>a) Determine the % of her paycheck goes toward student loans if she chooses standard repayment</u>
Rate of interest = 4.30%
hence % of her paycheck that goes toward student loan = 14.43%
The repayment amount = $32035. which is very reasonable as well
b) what plan that has the longest repayment period
PAYE ( pay as you earn ) has the longest repayment period
<u>c) prioritizing between her emergency fund goal and student loan </u>
Yashari should should prioritize paying the Loan instalment before saving for the emergency fund because of the penalties that comes with loan defaulting
d) Yashari should select the Standard repayment plan because the final amount paid using this plan is lower
Answer: d. open-book management.
Explanation:
OPEN-BOOK MANAGEMENT is a style of management where employees are given financial information on the company to help them perform better.
The concept is rooted in a theory that workers tend to have more motivation and be more productive when they feel as though they are being treated like Business partners who are usually the ones with access to such data as opposed to employees who usually do not.
Answer:
$91,409
Explanation:
Balance = 35000*e^(0.04*24)=$91409
