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mr Goodwill [35]
3 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]3 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]3 years ago
6 0

Answer:

Creating a budget

Explanation:

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Here are the 2015 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars):
erastova [34]

Answer: The answer is provided below

Explanation:

a). The revenue here shows that

Wendover's patients were capitated. The is because the actual revenue figures were assumed to be $180, but it

later came to $300 which means that the revenue increased.

The reason is that a capitated patient provides fixed payment a year, while a fee for service client pays per usage. With this explanation, it can be concluded that majority of Wendover's patients are fee for service because the difference between static results and the actual results is very high.

) 1. Revenue variance

= Actual Revenues - Static budget

= $ 300 - $ 425

= - $125

2. Volume variance

= Flexible Revenue - Static Budget

= $ 200 - $ 425

= - $ 225

3. Price Variance

= Actual Revenues - Flexible Revenues

=$300 - $200

= $100

4. Enrollment variance

= Flexible Revenues - Static Budget

= $ 180 - $ 425

= - $ 245

5. Utilization variance

= Flexible Revenue- Flexible Budget

= $ 200 - $ 180

= $ 20

8 0
3 years ago
Read 2 more answers
Bridgett received her bank statement with a previous balance of $181.36. Total deposits were $475.00. Total checks written were
Inessa [10]

Answer:

$484.11

Explanation:

Calculation to determine How much money does Bridget have in her checking account?

Previous balance of $181.36

Add Total deposits $475.00

Less Total checks written $165.25

Less service charge $7.00

Checking account balance $484.11

Therefore How much money does Bridget have in her checking account is $484.11

8 0
3 years ago
Which of the following are sections of the Schedule of Cost of Goods Manufactured?
Anna007 [38]

Answer:

a. Direct Labor

b. Direct Materials

c. Factory Overhead

d. Cost of Goods Manufactured

Explanation:

Costs of Goods Manufactured Schedule records the total of manufacturing costs only. So, consider all costs related to manufacturing process for this question.

4 0
3 years ago
precise Machinery is analyzing a proposed project that is expected to sell 1,450 units, +3 percent. The expected variable cost p
ss7ja [257]

Answer: C.$221.86

Explanation:

Contribution Margin is the difference between the sales price and the variable costs.

Best case scenario of Sales would mean it is the higher amount.

Best case scenario of costs would mean the lower amount.

Best case Sales

= 349 * ( 1 + 3%)

= $359.47

Best Case Variable Cost

= 139 * ( 1 - 1%)

= $137.61

Best Case Contribution Margin

= Best case Sales  - Best Case Variable Cost

= 359.47 - 137.61

= $221.86

8 0
4 years ago
Compute the dollar amount of working capital that can be reduced at year-end if the ending heel raw material inventory is cut by
erica [24]

Answer:

Note: The full question is attached as picture below

a.                                               No of units Cost per unit   Total Cost

Beginning Inventory      1,200                     $8            $9,600  

Add Purchase                            35,000                  $8            $280,000  

Inventory available for              36,200                  $8             $289,600  

production

Less Inventory transferred to    33,200                 $8             $265,600  

production  (16,600 Pairs*2 Heels)

Ending Inventory                        3,000                  $8             $24,000

b. Working capital will be reduced by: (3,000*$8)/2 = $12,000

4 0
3 years ago
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