All categories

2 years ago

How can manage my budget?

Business

1 answer:

Sergeu [11.5K]2 years ago

8 0

Answer:

Hope my answer helps you :) 

if helps mark me brianliest okay 

have a nice day （⌒▽⌒）

Explanation:

How to budget money

Calculate your monthly income, pick a budgeting method and monitor your progress.
Try the 50/30/20 rule as a simple budgeting framework.
Allow up to 50% of your income for needs.
Leave 30% of your income for wants.
Commit 20% of your income to savings and debt repayment.

You might be interested in

Under the perpetual inventory system, in addition to making the entry to record a sale, a company would

kotegsom [21]

Under the perpetual inventory system, in addition to making the entry to record a sale, a company would: a. debit Inventory and credit Cost of Goods Sold.

<h3>What is Inventory ?</h3>

Inventory, also known as stock, refers to the goods and materials that a company keeps for the purpose of resale, production, or use. Inventory management is primarily concerned with specifying the shape and placement of stocked goods.

There are four types of inventory: raw materials/components, work in progress (WIP), finished goods, and maintenance and repair (MRO).

Inventory valuation methods include FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost).

Inventory refers to all of the items, goods, merchandise, and materials held by a company for the purpose of reselling in the market for a profit. For instance, if a newspaper vendor uses a vehicle to deliver newspapers to customers, only the newspaper is considered inventory. The vehicle will be considered an asset.

To know more about Inventory follow the link:

brainly.com/question/24868116

#SPJ4

5 0

2 years ago

suppose that lenders want to receive a real rate of interest of 5%, and that they expect inflation to remain steady at 3% in the

HACTEHA [7]

The interest rate is 7%.

Solution:

The real rate of interest is always above the nominal interest rate when inflation is positive. In this case, we are told inflation is 3%. Since the real rate of return is the nominal interest rate minus inflation, we need a nominal interest rate of 5%+3%=8% to get a real interest rate of 5%.

To calculate the real interest rate subtract the inflation rate from the nominal interest rate. Mathematically it looks like this The real interest rate is the nominal interest rate minus the inflation rate. Creeping inflation is a type of inflation in which the price level rises steadily at a moderate rate over an extended period of time.

Learn more about The interest rate here:-brainly.com/question/25793394

#SPJ4

7 0

1 year ago

The manager of a supermarket would like to know which of several quality problems to address a tool that would be most helpful w

Daniel [21]

The manager of a supermarket would like to know which of several quality problems to address a tool that would be most helpful would be a Pareto chart.

A Pareto chart is a form of a graph with both bars and a line graph, where the bars reflect individual values in descending order and the line the cumulative total. The chart is called after the Pareto principle, which takes its name from renowned Italian economist Vilfredo Pareto.

The Pareto chart's goal is to draw attention to the most significant among a group of (usually several) components. Pareto charts can be used in quality control to identify the flaws that need to be fixed first in order to see the biggest overall improvement.

It frequently reflects the most frequent causes of faults, the most prevalent kind of defect, the most common causes of customer complaints, and so forth. For each bar in the Pareto chart, Wilkinson (2006) developed a method that generates statistically based acceptability limits (akin to confidence intervals).

Learn more about the Pareto chart here:

brainly.com/question/13274440

#SPJ4

7 0

1 year ago

On December 31, 2017, Extreme Fitness has adjusted balances of $870,000 in Accounts Receivable and $69,000 in Allowance for Doub

kondaur [170]

Answer: The amount the company would report as its net accounts receivable at 31 December 2017 is $801,000.

Explanation: Net accounts receivable is the recoverable amount of receivable after considering the amount that is deemed to be uncollectible. It is accounts receivable balance minus the allowance for doubtful accounts.

In the instance of this question, the net accounts receivable was initially $801,000 ($870,000 - $69,000). Now that management approved a write-off of $17,000, the implication is that the write-off would hit allowance for doubtful account (since there is a buffer in that account instead of bad debt expense), and the necessary accounting entries to be recorded would be: Debit Allowance for doubtful accounts $17,000; Credit Accounts Receivable $17,000. With these entries, both accounts receivable and the allowance for doubtful accounts would be reduced by the same account. Consequently, the net accounts receivable remains the same but the individual balances in accounts receivable and allowance for doubtful account would now be $853,000 ($870,000 - $17,000) and $52,000 ($69,000 - $17,000).

5 0

3 years ago

In a partnership, loans taken out by the general partners

Romashka-Z-Leto [24]

Answer:

aren't binding on the limited partners.

Explanation:

A partnership is a form of business ownership where two or more individuals come together to establish a business venture. A partnership may consist of generals and limited partners.

General partners are actively involved in business operations. They manage the day to day activities of the business. Generals partners act on behalf of the business and have unlimited liabilities to the debt of the enterprise.

Limited partners are silent partners. They do not participate in managing the business. A limited partner, as the name suggests, has limited liability to the obligations of the business. Should a general partner take out a loan, a limited partner will be liable to the extent of his or her capital contribution.

4 0

3 years ago