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lidiya [134]
2 years ago
13

Why is personal finance dependent upon your behavior?

Business
1 answer:
AfilCa [17]2 years ago
8 0

Personal finance depends on your behavior because you are the manager of your financial resources, so it is necessary to carry out personal planning of your finances.

Personal financial behavior can be measured by six dimensions, which are:

  1. Emergency funds
  2. Indebtedness level
  3. Savings rates
  4. Asset diversification
  5. Retirement Preparation
  6. Wealth distribution

Personal finances are directly impacted by our behaviors and decisions. Some of these behaviors are subconscious and difficult to identify, but they should be analyzed in case they negatively influence your finances.

Therefore, financial planning is essential to use your financial resources consciously and in accordance with your goals.

Learn more about personal finance here:

brainly.com/question/2961383

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What is broad​ averaging, and what consequences can it have on​ costs?
mrs_skeptik [129]
 What is broad​ averaging, and what consequences can it have on​ costs? Broad averaging is when a company or organization spreads the cost of resources across different objects to help the individual products or services stay equal. When a company does this they are assigning the costs of resources uniformly to cost objects. Broad averaging directly relates to costs because they can mislead an organizations data reports by spreading out the costs inappropriately. <span>
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7 0
3 years ago
Read 2 more answers
The two basic sources of​ stockholders' equity are​ ________.
Radda [10]
<span>The two basic sources of​ stockholders' equity are​ paid-in capital and retained earnings. Stockholders' equity is represented by the equity stake that is held on the books by a firm's equity investors. Paid-in capital is the amount of money (capital) that is paid in by the </span>investors when common or preferred stock being issued. Retained earnings are shown as a percentage of the net earnings that are not paid out as dividends but kept in the corny to be reinvested. 
5 0
3 years ago
In Mordica Company, total materials costs are $35,500, and total conversion costs are $54,000. Equivalent units of production ar
MrMuchimi

Explanation:

The computation is shown below:

Material Cost per unit = Total Material Cost  ÷  Equivalent units of production

                                    =  $35,500 ÷ 10,000  units

                                    = $3.55

Conversion Cost per unit = Total conversion cost ÷  Equivalent units of production

                                          =  $54,000 ÷ 12,000  units

                                          = $4.5

Total Manufacturing cost per unit = Material cost per unit + conversion cost per unit

                                                        = 3.55 + 4.5

                                                        = $8.05

6 0
2 years ago
At the beginning of her current tax year, Angela purchased a zero-coupon corporate bond at original issue for $51,500 with a yie
wolverine [178]

Answer:

Angela's income interest is $772,500‬

Explanation:

Income interest at 1st Semiannual duration

Semi annual interest = $51,500*6%*(6/12)= $154,500

Income interest at 2nd Semiannual duration

Note New Principal for 2nd year will be =$51,500+$154,500= $206,000

Semi annual interest = ($51,500+$154,500)*6%*(6/12)= $618,000‬

There fore Total income = $154,500+$618,000‬= $772,500‬

5 0
3 years ago
If a company would like to increase its degree of operating leverage it should?
dalvyx [7]

If a company would like to improve its degree of using leverage it should increase its Fixed Costs relative to its Variable Costs.

<h3>What is the relationship between variable cost and fixed cost with profit?</h3>

As they are time-related, or stable across time, fixed costs. Variable costs depend on volume and shift as the quantity of output does.

Variable costs are those that rise or fall in line with the volume of goods produced, while fixed costs remain constant regardless of output levels. Gross profit is significantly influenced by both fixed and variable costs; when production costs rise, gross profit decreases.

The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are examples of fixed costs.

To learn more about variable cost and fixed cost refer to:

brainly.com/question/14872023

#SPJ4

8 0
1 year ago
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