A budget is a spending plan that outlines how you will spend available income.
true/ false

Answers

Answer 1

A budget is a financial spending plan that may be used to estimate an individual's total income, costs, and to better understand how the investor is anticipated to use his income in the future.

This is True and a firm statement

BUDGET"S FUNCTIONS

It will include information on his future expenses as well.

A budget is a spending plan that details how much money will be made available to an individual in the future, how it will be distributed among various types of expenses, and how much will be saved by an investor. As a result, a budget is a detailed blueprint for how income will be spent by an individual in the future.

The use of a personal budget by an individual to better manage risks and use future financial resources is a very successful method.

Therefore, The assertion is accurate.

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Related Questions

oslo company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):

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The relevant range of production is 500 units to 1,500 units is Contribution margin per unit is 9.60

Contribution margin per unit =

(Sales - Variable Expenses) / 1,000

= (22,400 - 12,000) / 1,000

= 9,600 / 1,000 = 9.60

What is Contribution margin ?

The contribution margin displays the total amount of revenue available after variable costs to pay for fixed expenditures and turn a profit for the business, according to Knight. You might conceive of this as the portion of sales that helps to cover fixed costs.

Understanding how sales, varying costs, and fixed costs all affect operating profit is made easier with the help of contribution margin. It provides a means for business owners to gauge how different sales volumes may impact profitability. It can be computed at the individual or overall level and expressed as a dollar amount or a percentage.

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In a case of bankruptcy, would you rather be the holder of senior debt or subordinated debt? why?

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Senior debt has the most elevated priority and, thus, the lowest risk. Thus, Banks typically fund senior debt.

What is meant by senior debt?

Senior debts are loans guaranteed by collateral (assets) that must be paid off before any further debts when a firm goes into default. The lender in this case is paid out of a lot of the corporation's assets in a priority sequence. Their priority assignment makes senior debts less dangerous for lenders. This type of debt generally has or offers lower interest rates. Meanwhile, subordinated debt has higher interest rates provided its more inferior priority during payback.

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A data ________ stores vast amounts of data in their original format until they are required, rather than forcing the integration of large volumes of data before analysis.

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hjghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

i am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it. we have identified a problem with our expense sheet, but we will solve it. i am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution. we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.

Answers

We have identified a problem with our expense sheet, but we will solve it.

A person is convinced of something, believes firmly in it, and has no doubts about it. If you're not sure about something, you don't have specific knowledge about it. She is absolutely sure that she will succeed in the world. You believe or identify a person who is not specifically named that particular person. A safe example is when you are sure you let your dog in early.

An example of the positive is a good attitude. An example of a positive person is a motivational speaker. A friend who is confident that the Oakland A won the World Series is a good example. A person infected with HIV is an example of an HIV-positive person. Being pretty certain also means being pretty uncertain. That means I have some doubts. My belief is that we should always be at least fairly insecure and partially open-minded.

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Suppose a u. S. Treasury bond will pay $4,475 five years from now. If the going interest rate on 5-year treasury bonds is 4. 25%, how much is the bond worth today?.

Answers

The calculated worth of the given U.S. Treasury bond today is  mathematically given as $3634.23.

What does a Treasury bond do?

Treasury bonds (sometimes known as T-bonds) are fixed-rate debt instruments issued by the US government, with maturities ranging from 10 to 30 years. T-bonds offer semi-annual interest payments up until maturity, when the owner is given the bond's face value.

Do Treasury Bonds pay interest monthly?

Interest on my savings bonds is paid monthly. The bond's interest rate is applied to a fresh principal amount every six months because interest is compounded semi-annually. The total of the former principal and the interest accrued over the preceding six months makes up the new principal.

Briefing:

The present worth of the U.S. Treasury bond is given by:

Future value/(1 + interest rate)(no. of years)

4.475/(1 + 4.25)⁵
2.500/(1.0425)⁵

3634.23

Present worth is  =$3634.23

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If the financial statements cannot be relied upon because they contain one or more material departures from gaap, which type of audit opinion will be issued by the auditor?.

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The type of audit opinion that will be issued by the auditor is an adverse opinion.

A company or a business will usually issue financial statements in a certain period. This financial report is useful for knowing the transactions carried out within the company.

Of course, financial statements do not only dwell on financial records. There are many things you should know about financial statements. Such as understanding, benefits, examples, functions, to the income statement. Moreover, if you have a business, having financial statements is mandatory. Broadly speaking, financial statements are records of a company's transactions, both in-business transactions such as sales, or outside business transactions such as stock purchases, investments, and taxes.

This financial report is also very important to be arranged neatly so that investors or stakeholders can see that the business finances you are living are stable, well planned, and growing. Not only does it have an important role to get investors, but financial reports can also have other benefits in the business you are in.

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If a plant initially grows rapidly, but does not undergo secondary growth, which meristem is likely not functioning as it should?

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If a plant initially grows rapidly but does not undergo secondary growth, which meristem is likely not functioning as it should lateral

This is further explained below.

What is a plant?

Generally, Plants are the most common kind of photosynthetic eukaryotic organisms that belong to the kingdom Plantae.

Historically, the kingdom of plants encapsulated all living things that were not animals, including algae and fungi;

however, all interpretations of Plantae exclude the fungi and some algae, as well as prokaryotes.

This is because prokaryotes are considered to be more closely related to bacteria than to plants.

In conclusion, Whichever meristem a plant's quick initial growth is coming from does not seem to be doing its job properly if it does not go on to produce secondary growth.

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The objective of inventory management is to minimize the cost of holding inventory.true /false

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The given statement of inventory management is false.

Inventory management

The process of ordering, storing, using, and selling a company's inventory is referred to as inventory management. This comprises raw material, component, and finished product management, as well as warehousing and processing of such commodities. One of a company's most significant assets is its inventory. A company's inputs and final goods are the heart of its operation in retail, manufacturing, food services, and other inventory-intensive industries. A lack of inventory when and where it is needed might be disastrous.

Inventory management aims to provide acceptable customer service while keeping prices reasonable.

Hence, the given sentence is false.

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As of december 31, $2,500 of interest expense has accrued on a $50,000 note payable. The note payable and the accrued interest will become due and payable next year. How will the interest affect the adjustments at the end of the period?.

Answers

A $50,000 note payable has an interest charge of $2,500 as of December 31. Next year, both the outstanding note and the interest will be due and payable. What impact will interest have on the adjustments at period's end. Because the cost of interest is tied to the present time, interest expenses should be raised.

The interest cost is the total amount of interest a borrower will pay over the life of the debt. Negative points and refunds should be used to lower interest expenses. In addition to interest rates, a loan study should consider opportunity costs, tax benefits, and closing expenses.

The simplest approach to calculate interest expenses is to multiply a company's total debt by the average interest rate on its obligations. A corporation would incur an interest expenditure of $5 million ($100 million x 0.05) if it had a $100 million debt with an average interest rate of 5%.

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All the people and institutions directly affected by a firm are collectively called its ___________.

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People and institutions directly affected by a firm are collectively called stakeholders.

Stakeholders: A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders. However, the idea has been broadened to encompass communities, governments, and trade groups as a result of the growing focus on corporate social responsibility.

Various Stakeholders in a firm:

1) Customers Stake:

2) Employees' Stake

3) Investor's Stake

4) Suppliers and Vendors.

5) Communities Stake

6) Governments.

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The following are methods of delivering a presentation except:____. group of answer choices
a. manuscript.
b. impromptu.
c. extemporaneous.
d. informal.

Answers

Answer: informal

Explanation: memorized replaces informal

Manufacturing of products in a repetitive manner is referred to as:_____

Answers

Process operations are those that produce goods in a repeatable manner, whereas work order operations are those that produce customized goods.

What is Job Order Production?

Producing items specifically for clients' orders is known as job order production. Because each order or job is a customized order submitted by the customer, job order production is occasionally also referred to as job order manufacturing or bespoke production. Custom jobs are typically only produced once.

Job Order Production: What Does It Mean?

Mass-producing customized goods is a specialty of several manufacturers. The manufacturer designs and produces the custom product once customers present it with a specific design or product in mind. A print shop or studio is a good example of a custom manufacturer. An individual having a design for 100 graduation invitations might go to his neighborhood print shop.

This design features a unique logo, typography, and graduation photo. The printing of these invitations would be regarded as a single task since the print business would have to set up its presses just once to print all 100 invites. Job order production includes the design and printing of unique invitations.

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Full Question- Manufacturing of products in a repetitive manner is referred to as __________ operations while manufacturing custom products is referred to as _________ operations

Tillie is served with a lawsuit to collect a debt tillie allegedly owes to big ben clocks. The summons attached to the lawsuit says that tillie has thirty days to answer the complaint. Fifteen days later, tillie receives a copy of a default judgment in the mail, directing tillie to pay $1000 to big ben clocks. Does tillie have any grounds on which to have the default judgment set aside?.

Answers

Tillie have any grounds on which to have the default judgment set aside, it is a violation of procedural due process.

Debt is a financial obligation owned by the company to other parties that has not been fulfilled, originating from bank loans, leasing, bond sales and others that are used as a source of funds or capital for the company's operations. Debt is a sacrifice of future economic benefits that may arise from a present obligation.

Debt shows the source of capital originating from creditors. Within a certain period of time the company is obliged to pay back or is obliged to fulfill the bills originating from these outside parties. The fulfillment of this obligation can be in the form of payment of money, delivery of goods or services to parties who have provided loans to the company. The company carries out these obligations and if these obligations are not carried out in a timely manner it will be possible for a company to receive sanctions or consequences. The sanctions and consequences obtained are in the form of transfer of ownership of assets at one time.

Debt is one source of financing that comes from outside the company that is used by the company as additional funds in running the company. In making decisions regarding debt, managers must consider the amount of fixed costs that will arise from debt in the form of interest which will lead to increased financial leverage and increased uncertainty of returns for common shareholders.

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linc's software development team has run into a problem. the tools that they are using are old and missing some functions that would speed up the development process. linc can think of only one solution-buying new tools. because the new development tools are so expensive, linc called a meeting and asked everyone to suggest solutions that the company can afford. linc will do what the group decides is the best solution. according to the vroom-jago contingency model of leadership, which leadership style is linc using?

Answers

The Vroom Jago leadership contingency model states that linc is employing a facilitate leadership style.

What is the leadership contingency model of Vroom Jago?

The Vroom-Jago situational leadership model is used by leaders to determine whether they should make a decision alone or with the help of a group, and to what extent. The Vroom Yetton Jago Decision Model selects the appropriate style by asking the client to respond to a series of questions with a yes or no using a decision matrix.

Following the responses to the questions, the customer quickly determines which tactic is most appropriate for the current circumstance. According to the Vroom-Jago decision model, three crucial factors have an impact on the decision-making process, the management style, and the degree of support from coworkers.

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Alexander, your newest client, can convert his principle residence to a vacation home and treat it as a second home for tax purposes ___________________.

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Your newest client, Alexander, is permitted to turn his primary residence into a holiday home and treat it as a second home for tax purposes.

The required details for tax in given paragraph

An amount of money that a government demands citizens to pay as of the conversion date based on their income, the value of their property, etc., and that is used to fund the government's activities. The primary goal of taxation is to generate revenues to pay for services and meet societal needs.

For that reason, public revenues ought to be appropriate. According to one's ability to pay, taxes should be imposed as fairly as feasible.

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What skills are needed to become a product developer?

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Answer: To be successful as a product developer, you should have engineering and design knowledge, solid knowledge of the prototype design process, and strong written and verbal communication skills.

Explanation:

before revising or developing a new public relations campaign for a new client, lakshmi is conducting formal background research to assess the internal and external public relations environment that affects the organization's audiences, objectives, competitors, and past results. she is doing this to ensure that the current campaign is on track and performing as intended. what does this scenario illustrate?

Answers

This scenario illustrates is communication audit.

A SWOT analysis is a tool that can be used to scan an organization's internal and external environment. It helps identify strengths that can be leveraged and weaknesses that can be addressed, as well as opportunities and threats to success. Messages Scenario to reach large audiences are becoming less and less effective. Ian works in the public relations department of his company.

The PRSA Code of Ethics establishes principles and guidelines that uphold core values of ethical public relations, including advocacy, integrity, loyalty, professional development, and objectivity. Offer onsite media tours to encourage journalists to cover positive news about your business, use social media to attract journalists' attention, and follow journalists covering our market.

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if hailey, inc., has an equity multiplier of 1.56, total asset turnover of 1.7, and a profit margin of 6.6 percent, what is its roe? complete the followinf analysis. do not hard code values into your calculations

Answers

The answer is 10 .

​Average Assets/Revenue = $100/$1,000 =10 is the asset turnover ratio.

The average asset turnover ratio will differ from industry group to industry group.

What Is the DuPont Analysis?

The DuPont Corporation popularised the DuPont analysis, a paradigm for evaluating basic performance. DuPont analysis is a practical method for breaking down the various factors that affect return on equity (ROE). Investors may concentrate on each of the important financial performance parameters independently to evaluate strengths and problems thanks to the deconstruction of ROE.

The major flaw in the DuPont analysis is that although being thorough, it still depends on manipulable data and accounting formulae. The Dupont study is thorough, but it doesn't explain why each ratio is high or low, or even whether it's appropriate to categorise a ratio as high or low.

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what type of software allows stakeholders and users to control costs and manage budgeting through project planning, scheduling, resource allocation, and change management?

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Through project planning, scheduling, resource allocation, and change management, project management software enables users and stakeholders to manage expenses and budgets.

Project management software is used for scheduling, allocating resources, managing changes, and planning projects. It enables cost control, budget management, quality management, and document management for project managers (PMs), stakeholders, and users. It may also be used as an administration system.

Why would you use project management software?

For project planning, resource allocation, and scheduling, a variety of sectors employ project management software. It makes it possible for project managers and complete teams to manage their budget, quality control, and all paperwork that is shared during a project.

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Brazil exports coffee into the common market known as the european union and imports from the european union other products that brazil could produce but at a higher cost than what it costs the europeans to produce. This practice follows the theory of.

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Brazil exports coffee into the common market known as the european union and imports from the european union other products that brazil could produce but at a higher cost than what it costs the europeans to produce. This practice follows the theory of absolute advantage.

What is the theory of absolute advantage?

The concept of absolute advantage was developed by Adam Smith in The Wealth of Nations to show how countries can gain by specializing in producing and exporting the goods that they produce more efficiently than other countries, and by importing goods that other countries produce more efficiently.

Smith argued that it was impossible for all nations to become rich simultaneously by following mercantilism because the export of one nation is another nation’s import and instead stated that all nations would gain simultaneously if they practiced free trade and specialized in accordance with their absolute advantage. Smith also stated that the wealth of nations depends upon the goods and services available to their citizens, rather than their gold reserves.

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Assume uber planned to cut losses by 40% by withdrawing from counties like china and singapore. A year has now passed since they have withdrawn and the company determines that losses have actually increased. Which step in the planning/control cycle does uber need to now execute?.

Answers

Determine of the direction.

Define control direction?

Control or direction generally indicates that you have the authority to vote or invest in securities alone or with others under the terms of a contract, by operation of law, or other stated or implied agreement.

Meaning of the term "right to control"?

The right to direct and reap the full economic rewards from the use of a certain item is known as the right to govern its use. These rights must last for a certain amount of time, which may also be established by the quantity of use.

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linc's software development team has run into a problem. the tools that they are using are old and missing some functions that would speed up the development process. linc can think of only one solution-buying new tools. because the new development tools are so expensive, linc called a meeting and asked everyone to suggest solutions that the company can afford. linc will do what the group decides is the best solution. according to the vroom-jago contingency model of leadership, which leadership style is linc using?

Answers

According to the vroom-jago contingency model of leadership, Linc is using facilitate leadership skills

What is facilitative leadership skills ?

Through brainstorming, communication, and other activities that bring together the components of a team or organisation, a facilitative leader encourages innovative thinking. encouraging cooperation This entails encouraging group engagement and having all the participants collaborate to find a solution.

A facilitative approach recognises the value of connecting with people first and assisting them in identifying their own mistakes. They aggressively seek out accomplishments to highlight before using questions to foster a culture of self-correction rather than one of blame.

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Disadvantages of a Limited Liability Company

Answers

Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees. Check with your Secretary of State's office.

Transferable ownership: Ownership in an LLC is often harder to transfer than with a corporation. With corporations, shares of stock can be sold by the corporation to increase ownership and, unless there is a shareholder agreement to the contrary, the shareholders can sell their shares to someone else. Typically, with LLCs, unless the members agree otherwise, all members must approve adding new members or altering the ownership percentages of existing members.

Question:  Hello: )✨Disadvantages of a Limited Liability Company ?

Answer: The disadvantages include unlimited liability, limited financial resources, difficulty in management, overwhelming time commitment, few fringe benefits, limited growth, and limited life span.An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees. Check with your Secretary of State's office.

Have an amazing day/night<3

Explanation:

How+much+would+$1,+growing+at+3.5%+per+year,+be+worth+after+75+years?
a. 12.54
b. 13.20
c. 13.86
d. 14.55
e. 15.28

Answers

How much would $1, growing at 3.5% per year, be worth after 75 years will be B) 13.20 .

Explanation:

Given the information below: How much would $1 be worth after 75 years if it grew at a 3.5% annual rate?

To determine the result, we must apply the following formula:

FV = PV*(1+i)n PV is the present value,

while n is the number of years.

FV= 1*(1+0.035)^75

FV= $13.20

A final value is what?

The value of an Award determined in accordance with Sections 5 and 6 that serves as the foundation for payments to Participants at the conclusion of a Plan Year is referred to as Final Value.

One theorem that is used to connect frequency domain expression to time domain behavior as time approaches infinity is the final value theorem (FVT).

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What is the quantity demanded when the price floor is $0.75 in the market for public transportation?
a. 100,000
b. 86,000
c. 75,000
d. 116,000

Answers

Answer: b !

Explanation:

Name some good and bad things the federal reserve does for the economy

Answers

Some good things the Federal Reserve does for the economy include:

Regulating banks Keeping inflation stable

Some bad things the Federal Reserve does for the economy include:

Increasing interest rates which make loans difficult

What does the federal reserve do?

The Federal Reserve Bank of the United States is the central banking system of the nation. As such they have the role of keeping the economy stable by controlling inflation. They also regulate banks to ensure that banks don't engage in behavior that can hurt the economy and consumers.

Sadly when the Federal Reserve carries out its duties, it can end up hurting people. For instance, when interest rates are raised to combat inflation, this can make loans more expensive for people to get and so they would have to pay more interest on the loans.

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Cisco uses the term the power of in-person to describe the ability of what technology to improve access to subject matter experts and to open doors for small business people?.

Answers

Cisco refers to telepresence as having "the power of in-person," and it is a technology that improves access to subject matter experts and creates opportunities for small business owners.

A person can appear to be present using telerobotics at a location other than their actual location thanks to a series of technologies together known as telepresence.

Users need particular stimuli to interact with in order for telepresence to give them the sensation that they are somewhere else. Users might also be given the ability to influence a remote area. In this situation, the user's position, motions, actions, voice, etc., may be sensed in order to broadcast and replicate in the distant location to achieve this effect. As a result, telepresence information may be exchanged in both directions between the user and the remote site.

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The normal balance of any account is the :________
a. side which increases that account.
b. left side.
c. side which decreases that account.
d. right side.

Answers

The normal balance of any account is the side which increases that account.

What is a normal balance?

It refers to the expectation that a particular type of account will have either as a debit/credit balance which is based on its classification within the chart of accounts. That said, it can be possible for an account expected to have a normal balance as a debit to actually have a credit balance.

Hence, this normal balance of an account is the side of the account that is positive or increasing; but for an asset and expense accounts. it is the debit side, while for income, equity, and liability accounts it is the credit side.

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If your manager were to give you a complex project that involved a lot of research and analysis to provide information to write a detailed and accurate report, how might you make it more manageable? What type of communication skills would that require?

Answers

Answer:

That would be written Communication.

Explanation:

Answer:

the answer is communitive

Explanation:

Which of the following types of networks can be used to connect different office
locations of one large company?
Local Area Network (LAN)
Wide Area Network (WAN)
Metropolitan Area Network (MAN)
Controlled Area Network (CAN)

Answers

Answer:

Wide area network(WAN)

Explanation:

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