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coldgirl [10]
2 years ago
12

You are putting together your first post-graduation budget. Your take-home pay will be $2,500 per month. You estimate your month

ly costs to be rent of $800, car payment of $350, car insurance $150, car maintenance of $50, entertainment of $500, food expense of $250, mobile phone of $75, student loan payment of $225, and other expense of $300. How would you describe your budget after analyzing all of your income and expenses
Business
1 answer:
Mamont248 [21]2 years ago
8 0

Based on your pay and expenses, your budget can be described as having a deficit of <u>$175.</u>

<h3>Why is your budget a deficit?</h3>

Deficits occur when expenses are greater than income. The deficit here can be found as :

= Income - Rent - Car payment - Car insurance - Car maintenance - Entertainment - Food - Mobile phone - student loan payment - Other expense

Solving gives:

= 2,500 - 800 - 350 - 150 - 50 - 500 - 250 - 225 - 300

= -$175

In conclusion, the budget has a deficit of $175.

Find out more on deficits at brainly.com/question/26010226.

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A share of preferred stock for Marshall Manufacturing currently sells for $120. It offers the investor a dividend rate of 8%, on
Komok [63]

Answer:

Po = $120

D = 8% x $100 = $8

Kp = D/Po

Kp = 8/120

Kp = 0.0667 = 6.67%

Explanation:

The question requires the computation of cost of preferred stock. In this case, we will calculate the current dividend paid based on the par value of the stock. Then, we need to divide the current dividend paid by the current market price of the stock. This gives cost of preferred stock.

5 0
4 years ago
A(n) ________ is a specific type of strategic alliance in which the partners form a separate, independent organization for some
Fynjy0 [20]

A Joint Venture is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose.

An organization or organization is an entity, such as a company, institution, or association, made up of one or more people and having a specific purpose. The word comes from the Greek word organon, which means tool or instrument, instrument or organ.

The definition of organization refers to the act of putting things in logical order, an efficient and methodical approach to a task, or a formally assembled group of people. Clearing out your desk and putting all your papers in a logical place is an example of organization.

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4 0
2 years ago
This year Andrews achieved an ROE of 24.5%. Suppose next year the profit margin (Net Income/Sales) decreases. Assuming sales, as
den301095 [7]

Answer:

It would decrease

Explanation:

Return on equity is an example of a profitability ratio.

Profitability ratios measure the ability of a firm to generate profits from its asset

Using the Dupont formula, ROE can be determined using:

ROE = Net profit margin x asset turnover x financial leverage

ROE = (Net income / Sales) x (Sales/Total Assets) x (total asset / common equity)

If profit margin reduces and asset turnover and leverage remains the same, ROE would decrease

5 0
3 years ago
When rachel feels overwhelmed, she commits to spending an initial step of attending to the task for up to a minute in order to i
Svetach [21]

When Rachel feels overwhelmed, she commits to spending an initial step of attending to the task for up to a minute in order to increase her likelihood of finishing it. This is called the work breakdown structure or strategy.

<h3>What is the purpose of work breakdown structure or strategy?</h3>

A work breakdown structure (WBS) is a project management technique that uses a step-by-step method to finish huge projects with many moving parts.

A work breakdown structure (WBS) may integrate scope, cost, and deliverables into a single tool by breaking down the project into smaller components.

This strategy helps to complete tasks faster.

Learn more about work breakdown structure or strategy:
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4 0
2 years ago
Stone Foods produces the majority of its cheese products in its U.S. based dairy division at a total outlay cost of $6.00 per un
lubasha [3.4K]

Answer:

Stone Foods produces the majority of its cheese products in its U.S. based dairy division at a total outlay cost of $6.00 per unit. A large portion of the finished product is sold to Division B where it is packaged and sold overseas under a different label. The tax rate in Division B's country is higher than the U.S. tax rate. Assume the company desires to minimize the overall tax impact of the transfer (i) what type of relative pre-tax income should each division desire to achieve as a result of the transfer and (ii) what type of transfer price would accomplish your answer to (i).  

Dairy Division Income Division B Income Transfer Price .

Option  "D"  is the correct answer -  High Low High.

Explanation:

Since in Division B, the tax rate is higher than the tax rate in US-based dairy division. Therefore to minimize the impact of the overall tax, transfer price from dairy division should be high to Division B so that the dairy division income would be higher. and the income of Division B would be lower.

Hence option  "D" is the correct answer.

3 0
3 years ago
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