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mr Goodwill [35]
2 years ago
6

Which financial tool is most important when planning for your future financial goals? Enrolling in a high interest savings accou

nt Creating a budget Mortgaging a house Taking on extra debt.
Business
2 answers:
Vanyuwa [196]2 years ago
7 0

The financial tool that is vital when planning for your future financial goals is creating a budget.

A budget simply means an estimate of the income and the expenditure of an economic entity for a particular period of time.

It should be noted that a budget is vital for an individual to plan his or her expenses. For example, if one wants to buy a car in the future, the person can make a budget for it.

Learn more about budget on:

brainly.com/question/8707644

Daniel [21]2 years ago
6 0

Answer:

Creating a budget

Explanation:

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Jose loses his credit card at a crowded city park. He notifies his credit card company immediately. Five days later, $4,507 is c
Ivanshal [37]

Answer:

e• Nothing.

Explanation:

If your credit card is stolen, federal law establishes a maximum liability of $50 for any purchases made before you report the loss. In this case, we are told that Jose reported the loss immediately, so there should be no time for someone else to make any illegal purchases. The credit card company should not allow any purchases after Jose notified the loss.

5 0
2 years ago
A single taxpayer earns $500,000 of salary income and $20,000 of interest income in 2019. The taxpayer is a material participant
sukhopar [10]

Answer:

$220,000,

Explanation:

Given that:

  • $500,000 of salary income
  • $20,000 of interest income in 2019

So the total income of the taxpayer is: $500,000 + $20,000 = $520,000

As we know that, AGI (Adjusted gross income) is used to calculate how much income of a taxpayer is taxable. They are expenses incurred by the earner which are deducted before taxing.

In this situation, his share of the partnership's loss for the year is $300,000, so the taxpayer will report an AGI of:

$520,000  -  $300,000

=  $220,000

I hope it will find you well.

6 0
3 years ago
Read 2 more answers
22) One year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1. Since that time the rate of inflation in the U.S
saw5 [17]

Answer: C) $1.04/C$1

Explanation:

We define the inflation rate in a certain country as

  • a rate at which the value of a currency is falling
  • as a result the usual level of prices for goods and services keeps rising.

1 year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1.

That time inflation rate in US was 4% greater than in Canada.

So, the  current spot exchange rate of U.S. dollars for Canadian dollars :

($1 + 4% of $1)/C$1

=($1+$0.04)/ C$1

=$1.04 / C$1

Hence, the correct option is C) $1.04/C$1

6 0
3 years ago
The balance of​ stockholders' equity at the beginning of the year and the end of the year was $ 60 comma 000 and $ 67 comma 000​
Paul [167]

Answer:

Explanation:

Income/ (loss) for the year = Equity balance at the end +dividend paid- equity balance at the beginning

=$67,000+22,000-$60,000

=$29,000

Since  no additional common stock was issued during the year, $29,000 represents income earned during the year before dividend is paid. After dividend of $22,000 has been paid, the balance of $7,000 profit will be added to retained earnings .

8 0
2 years ago
When a provider signs a contract to be a participating provider with an insurance payer they are agreeing to:
Lesechka [4]

Answer:

Accept the fee schedules set by the insurance company.

Explanation:

A participating provider is defines as one who has entered into a written agreement with an insurance company to provide a given range of Medicare Part B services on an assigned basis.

Usually various fees are scheduled for each of the services provided.

The discount on services in this instance is not much and they are always obligated to provide service.

On the other hand preferred provider is one who provides services at a discount.

6 0
2 years ago
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