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shutvik [7]
2 years ago
7

What budgeting tips would you help to stay on track financially

Business
1 answer:
Delvig [45]2 years ago
4 0
Someone famous stated this but i don’t know who.

it was something like
whatever i have in my bank account right now, i can only spend 10% of it on something

say i want to buy a house. i will only spend %10 of my total bank balance
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The term "financial distress costs" includes which of the following? I. Direct bankruptcy costs II. Indirect bankruptcy costs II
Alchen [17]

Answer: All the options given are correct. Options I - IV are right.

Explanation:

Financial distress is a situation whereby an individual or an organization is unable to generate income or profit as a result of it's inability to pay its liabilities to lenders and creditors and lenders. These financial problems coupled with insufficient money result in stress.

The term financial distress cost consist of all the four options, therefore the correct answer is all the options provided. Financial distress cost is when organizations cannot pay it's liabilities from the revenue generated.

Financial distress cost can be as a result of direct costs that are related to being distressed financially but not bankrupt, indirect bankruptcy cost etc.

4 0
3 years ago
A customer opens a new margin account with the following position:
galben [10]

Answer:

$1,000

Explanation:

The above means that for every $1 increase in the market value in a long margin account, the SMA increases by $0.50

If the market value rises to $22,000, the account will show

Long market value - Debit = Equity % SMA

$22,000 - $10,000 = $12,000

Against $22,00 of market value, 50% can be borrowed or $11,000. Since the debit is $10,000, an additional $1,000 can be borrowed . This is the SMA

7 0
3 years ago
After an interview, you are told that the company is unsure of when a decision will be made. Because you have some time and want
bixtya [17]

Answer:

Send a separate letter to each interviewer ; Mention something you liked about the interview

Explanation:

Sending a follow up message to recruiters (interviewers) after few days of an interview about the status of your job application, assists in updating prospective employee & re-emphasises on the applicant's profile suitability for the job.

Writing a separate letter to each interviewer, mentioning something you like about the interview : Makes you build a good rapport with prospective employers, highlights your professional personality positive traits. It also appreciates the company for their selection procedure time spent on you as an applicant.

3 0
3 years ago
MagTech Inc. requires funding to build a new factory and has decided to raise the additional capital by issuing $850,000 face va
aleksley [76]

Attached screenshot has got your answer

6 0
3 years ago
_____ is the study of how resources are distributed for the production of goods and services within a social system
Delicious77 [7]
Business and economics is basically the study of the production,distribution of resources to provide goods and services
6 0
3 years ago
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