Some of the things which a person can do to adjust his spendings on a budget are:
- Reduce spending habits
- Make more money to finance the new purchases.
<h3>What is a Budget?</h3>
This refers to a financial plan where a person has made different allocations as to where certain monies would go to to avoid impulse spending.
With this in mind, we can see that if a person is spending too much, in a particular category, then he would have to either reduce spending or make more money.
Read more about budgeting here:
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<u>Solution and Explanation:</u>
The following table has been made in order to find out the total variance cost that has been incurred and the total cost
<u>Particulars</u> <u>Cost formula based</u> <u>Flexible budget </u> <u>Actual</u> <u>Variance</u>
<u> on 50000 units</u> <u>on the basis of </u>
<u>60000 unit</u>
Direct materials $2 120000 $110000 10000 F
The direct labour $1 60000 60000 0
Variable overhead $1.5 90000 100000 10000 U
Fixed overhead $100000 100000 97000 3000 F
The total cost 370000 367000 3000 F
Where F stands for – favourable and U stands for unfavourable
The total variance cost after the above calculations is = $3000 F
Answer:
Sales Careers and Examples
Example Career
2. Channel Sales Manager (CSM) Sales Management and Support
4. Route Sales Representative Order-Takers
8. The Key Account Manager Missionary Salespeople
Explanation:
Fives Sales Job Categories:
(1) New business salesperson identifies prospects and sells to them.
(2) Order-taker fulfills orders without trying to acquire new ones.
(3) Missionary salespeople do not make actual sales but initiate the process with decision-makers.
(4) Sales management and support render management and support services to salespeople.
(5) Others include salespeople who do not fall into the above categories.
Answer:
Student loan.
Explanation:
Student loans are given to assist students pay for university education. Loans can cover turion, living expenses, and books.
Interest rate charged is very low and repayment can be deferred till after the student graduates.
The most common type of student loan are federal loans(offered by the federal government). They have a lower interest rate than student loans offered by private institutions like banks, schools and credit unions.
Answer:
There are benefits associated with running a partnership, both when compared to a sole trader and a limited company: Shared responsibility. Having more business owners allows the financial and operational responsibility for running the business to be sharedExplanation: The benefit of a partnership over a sole proprietorship is that you'll share the responsibilities, resources, and losses. On the other hand, you also split your profits, and you might face disagreements over how to run the business. One way to mitigate conflict is to create a partnership agreement.