Variable budget is any other name for a flexible budget.
A budget is an estimation of sales and expenses over a detailed destiny period of time and is generally compiled and re-evaluated on a periodic basis. Budgets can be made for a person, a set of people, an enterprise, a government, or pretty much something else that makes and spends cash. A price range is a calculation plan, normally however now not continually monetary, for a described period, regularly 12 months or a month.
A budget facilitates creating economic stability. By monitoring prices and following a plan, a budget makes it simpler daily pay bills on time, construct an emergency fund, and keep for important prices such as automobile or domestic. Universal, a budget puts someone on a more potent monetary footing for both the and the long term. Finance is a spending plan day-to-day on income and charges. In other words, it's an estimate of how a whole lot of cash you will make and spend over a sure time period, which includes a month or year. (Or, if you're accounting for the incoming and outgoing money of all of us for your family, that is a family budget.
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Edin has £300 in his savings account.
His bank offers him a fixed 5% simple interest rate per annum, for a period of 3 years.
How much interest will he have earned after 3 years?
Answer:
£45
Explanation:
To calculate the amount of interest Edin will earn after 3 years at a fixed 5% simple interest rate per annum, we can use the formula:
Interest = Principal x Rate x Time
Where:
Principal is the amount of money in Edin's savings account, which is £300
Rate is the interest rate per annum, which is 5%
Time is the period of time for which the interest is calculated, which is 3 years
Plugging these values into the formula, we get:
Interest = £300 x 0.05 x 3
Interest = £45
Therefore, Edin will have earned £45 in interest after 3 years at a fixed 5% simple interest rate per annum. His total savings at the end of the 3-year period will be the sum of the initial savings and the interest earned, which is:
Total savings = £300 + £45 = £345
6. He is not a skilled worker. He
doesn't ............... much.
win
gain
earn
pay
afford
Answer:
earn .
He is not a skilled worker. He doesn't earn much.
Explanation:
He doesn't earn much.....
In 2020, Amanda set up Coverdell education savings accounts for each of her four grandchildren, aged 7, 9, 14, and 16. She would like to contribute the annual maximum to each savings account when she usually makes other annual-election gifts every year on December 31. The annual maximum for 2020 is $2,000. How much can she contribute in total to the Coverdell education savings accounts in 2020 and each of the next four years
Answer:
The answer is "$32,000"
Explanation:
Coverdell mutual funds must be paid until the beneficiaries are 18 years old. The 16-year-old would be only eligible for two-year contributions (aged 16 and 17). The 14- year old is eligible for the four years' payment (age 14, 15, 16, 17). In five years, it would therefore be a total of $32,000 in the following:
\(7\ year-old (5 \times \$2,000) = \$10,000\\\\9\ year-old (5 \times \$2,000) = \$10,000\\\\14\ year-old (4 \times \$2,000) = \$ 8,000\\\\16\ year-old (2 \times \$2,000) = \$ 4,000\)
Total \(= \$10,000+\$10,000+ \$8,000+\$4,000=\$32,000\)
a qualified distribution from a roth ira can take place:
A qualified distribution from a Roth IRA can take place if the account has been open for at least five years, the distribution occurs after the account owner reaches age 59 ½, becomes disabled, or dies, and the distribution is made for a qualified reason such as a first-time home purchase or higher education expenses. A qualified distribution is tax-free and penalty-free.
A Roth IRA is a retirement savings account that offers tax-free growth and tax-free withdrawals in retirement. However, not all distributions from a Roth IRA are considered qualified distributions. To be eligible for a qualified distribution, certain conditions must be met.
First, the account must have been open for at least five years. This means that the account owner must have held the Roth IRA for a minimum of five years before taking a qualified distribution.
Second, the distribution must occur after the account owner reaches age 59 ½, becomes disabled, or dies. These are known as the distribution triggers. If the distribution is taken before reaching age 59 ½ and none of the other triggers apply, it will not be considered a qualified distribution.
Finally, the distribution must be made for a qualified reason. Examples of qualified reasons include a first-time home purchase (up to a certain limit), higher education expenses, or unreimbursed medical expenses that exceed a certain percentage of the account owner's adjusted gross income.
If all of these conditions are met, the distribution will be considered a qualified distribution and will be both tax-free and penalty-free. This means that the account owner will not owe any income taxes or early withdrawal penalties on the distribution.
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On January 2, The Public Legal Clinic issued Check 2108 for $370 to establish a petty cash fund. Indicate how this transaction would be recorded in a cash payments journal.
To create the petty cash fund, make the following journal entry: debit Petty cash fund account ($430), credit cash account ($430).
What is petty cash fund?A petty cash fund's main objective is to give business units enough money to pay for small expenses. The purpose is to make it easier for staff workers and visitors to get reimbursed for little expenses like taxi rides, postage, office supplies, and other things that often don't cost more than $25.00.
The data can also come from of the petty cash fund. Add up all of the expenses that are mentioned on each petty cash vouchers in the petty cash fund. This sum should be deducted from the calculated cash withdrawal amount. The outcome ought to be 0. There is an excess of cash in the fund if there is a residual balance.
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PLEASE HELP QUICK!!!
Which of the following is an advantage of buying your home over renting?
(1 point)
O You do not have to worry about the housing market in your area.
O The amount you pay each month is set by the terms of your mortgage.
O If something breaks, you have to fix it or pay to have it fixed.
O Your mortgage payments will far exceed the value of your home.
Answer:
The amount you pay each month is set by the terms of your mortgage.
Explanation:
connexus
Why do credit unions tend to have lower fees and pay higher rates of return on deposits than commercial banks?.
Members earn greater interest rates on savings, lower rates on loans, and cheaper fees at credit unions because they are member-driven and not for profit organizations. Banks, on the other hand, exclusively disperse their profits to their shareholders, which means that the money they produce doesn't go back to the people who gave it to them in the first place.
Which key distinctions exist between commercial banks and credit unions?The primary distinction between a bank and a credit union is that the former is a nonprofit organization, while the latter is a for-profit business. The primary financial services provided by a credit union, such as loans, checking accounts, and savings accounts, are also offered by conventional banks.
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Unlike balance of trade, the balance of payments includes A. Imports B. Exports C. Foreign Investments D. Foreign Exchange Reserves
Balance of payments (BOP) only includes observable imports and exports, or imports and exports of goods. However, BOP includes Foreign Exchange Reserves (FER).
What is the difference between the balance of payment and the balance of trade?The balance of trade is the difference or distinction between exports and imports. An unfavorable balance of trade is occasionally used to describe situations where imports outpace exports.
The balance of payments summarizes an economy's international economic dealings.
These transactions consist of transfer payments as well as the export and import of products, services, and financial assets (like foreign aid).
Therefore, as a result, option (D): "Foreign Exchange Reserves," is the correct answer.
In reality, statistical errors occur because it is challenging to precisely count every transaction that takes place between an economy or country and the rest of the world, including errors brought on by currency conversions.
Since currencies are freely traded, a nation with a trade deficit might intentionally weaken its currency by accumulating foreign reserves, for instance, to increase exports and make its goods more appealing.
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Assume interest is compounded monthly. The ______ annual rate will express this rate as though it were compounded annually.
A compounded interest rate is sometimes called an effective annual rate.
Answer: effective
Many economists believe that the growth of the money supply is A. not related to output growth. B. inversely related to the price level. C. directly related to interest rate growth. D. positively related to the growth of real GDP.
Answer:
D.
Explanation:
They believe that controlling the supply of money directly influences inflation and that by fighting inflation with the supply of money, they can influence interest rate in the future.
A family's financial plan is likely to be less complex than an
individual's.
True
False
Answer:
False
Explanation:
A family's financial plan inolves more than a single individual.
The sum of all five terms of an arithmetic sequence is $55$. Find the sum of the first three terms of the sequence if the sum of the last three is $48$.
Answer:
18
Explanation:
The first step is to calculate the third term
= 55/5
= 11
The next step is to calculate the sun of last two terms
= sum of last three terms-third term
= 48-11
= 37
Therefore the sum of the first three terms can be calculated as follows
= 55-37
= 18
Hence the sum of the first three terms is 18
Why is it a good idea to invest in both bonds and stocks?
Answer:
Diversifying your account by investing in both stocks and bonds provides protection because you can offset some, or all, of your losses in one investment with the gains in the other investment.
A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry
Answer:
See below
Explanation:
This transaction will affect the bank balance by increasing it with the check amount. The bank is cash (asset ) held in the bank. An increase in assets account is a debit. The bank A/c will be debited.
The check is received from Yogesh. Yogesh must have bought goods on credit and hence is an account receivable (asset). Since Yogesh has paid, his account decrease by the check amount. A decrease in assets is credited.
The journal entry will be
Bank A/c DR. Rs 4500
Yogesh A/c Cr. Rs 4500
what are the features of business environments?
Explanation:
All the external forces: Business Environment includes all the forces, institutions and factors which directly or indirectly affect the Business Organizations.
Specific and general forces: ...
Inter-relation: ...
Uncertainty: ...
Dynamic: ...
Complex: ...
Relativity:
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
The opportunity cost of a chosen item or activity is
A how much money it will cost.
B how many chances you will have to buy it.
C the value of the best alternative you must up.
D the cost of the choice.
Answer:
c
Explanation:
______ is what customers are willing to pay for marginal benefit of a product equibrium price value utility.
Customers' willingness to pay for a product's marginal benefit is defined as value.
The marginal benefit of a good or service is the amount of pleasure or satisfaction that customers gain from a one-unit increase or reduction in consumption. There are three types of marginal utility.Imagine you're selling a $50 pair of jeans. Nonetheless, you are willing to pay $60 for the pair. The marginal benefit in this situation is $60 due to the highest you are willing to spend for that pair of trousers. This implies that the marginal utility exceeds the selling price by $10.The marginal benefit is the maximum amount a buyer will pay for an extra item or service. A marginal utility is also the added enjoyment that a buyer receives when they purchase the additional item or service. The marginal benefit often decreases as consumption increases.Thus this is the meaning of Marginal benefit/utility.
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WFU Corporation plans to sell 28,000 units during August. If the company has 10,500 units on hand at the start of the month, and plans to have 11,500 units on hand at the end of the month, how many units must be produced during the month
Thus, WFU Corporation needs to produce 29,000 units during August to meet its sales and inventory goals for the month.
To determine how many units must be produced during the month, we need to first calculate the total units that WFU Corporation needs to have available for sale during August.
We can do this by adding the planned sales for the month (28,000 units) to the desired ending inventory (11,500 units):
Total units needed = Planned sales + Desired ending inventory
Total units needed = 28,000 + 11,500
Total units needed = 39,500 units
Next, we need to subtract the units on hand at the start of the month from the total units needed to determine how many units must be produced during the month:
Units to be produced = Total units needed - Units on hand at start of month
Units to be produced = 39,500 - 10,500
Units to be produced = 29,000 units
Therefore, WFU Corporation needs to produce 29,000 units during August to meet its sales and inventory goals for the month.
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On March 14, Ian Co. accepted a 180-day, 5% note in the amount of $1,000 from Ali Co., a customer. On the due date of the note, Ali dishonors the note and fails to pay. The journal entry that Ian would record on the due date would include a: (Check all that apply.) Multiple select question. credit to Notes Receivable for $1,000. debit to Accounts Receivable - Ali for $1,025. debit to Interest Revenue for $25. debit to Notes Receivable for $1,025. credit to Accounts Receivable - Ali for $1,000. credit to Interest Revenue for $25.
Answer:
Debit to Accounts Receivable - Ali for $1,025,
Credit to Interest Revenue for $25,
Credit to Notes Receivable for $1,000,
Explanation:
Based on the information given The appropriate journal entry that Ian would record on the due date would include a:
Debit to Accounts Receivable - Ali for $1,025,
($1,000+$25)
Credit to Interest Revenue for $25,
(5%*$1,000*180 /360)
Credit to Notes Receivable for $1,000,
assignment about (road transportation safety in Oman)
700 words maximum
Road transportation safety in Oman is an important issue that needs to be addressed. There are several factors that contribute to unsafe road conditions, including reckless driving, poor infrastructure, and inadequate safety measures. To reduce the number of accidents and improve road safety in Oman, it is important to implement effective measures that address these issues.
One of the most important factors that contribute to unsafe road conditions in Oman is reckless driving. Many drivers in Oman engage in reckless behavior such as speeding, tailgating, and weaving in and out of traffic. This type of behavior not only puts the driver at risk but also endangers the lives of other road users. To address this issue, it is important to educate drivers on the dangers of reckless driving and enforce strict penalties for those who engage in this behavior.
Another factor that contributes to unsafe road conditions in Oman is poor infrastructure. Many of the roads in Oman are poorly maintained, which can lead to accidents and other safety hazards. To improve road safety, it is important to invest in infrastructure improvements such as repairing potholes, improving signage, and adding safety barriers.
In addition to infrastructure improvements, it is important to implement adequate safety measures to protect drivers and other road users. This can include measures such as installing speed cameras, increasing police presence on the roads, and providing training for drivers on safe driving practices.
Overall, road transportation safety in Oman is an important issue that needs to be addressed. By implementing effective measures such as educating drivers, improving infrastructure, and implementing safety measures, it is possible to reduce the number of accidents and improve road safety for everyone.
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John Gump graduated from Cal State Fullerton five years ago. He is a CPA. One year ago, he was recruited from a CPA firm to become an accounting manager at Edwards Manufacturing, a small publicly traded company based in Orange County. He reports to CFO, Mike Young. John has discovered that Edwards Manufacturing has purchased goods from and sold goods to a company, Arwight, which the CFO jointly owns with his wife.
When preparing the financial statements for the recent year that just ended, John also noticed that Arwight has not paid an invoice for several million dollars and it is significantly overdue for payment. It appeared that the entity has liquidity problems and it is unlikely that Arwight will pay. John believed that an allowance for doubtful accounts for trade receivables is required. He set up a meeting with the CFO. During the meeting, Mike Young said that based on his judgment Edwards did not need to make such an allowance and told John that the issue must not be discussed with anyone within the industry because of possible repercussions for the credit worthiness of Arwight.
Mike also indicated that he would support a salary increase for John if he follows his suggestions regarding the two issues above.
Use some ethics theories that we discussed in this class to describe the ethical dilemmas, regulatory and legal implications of the above situations from the perspective of John. (15 points, 5 points for each suggestion)
John faces ethical dilemmas regarding conflicts of interest and financial reporting integrity, while the regulatory and legal implications involve potential violations related to conflicts of interest, financial reporting accuracy, and fraud.
What ethical dilemmas, regulatory, and legal implications does John face in the given situation at Edwards Manufacturing?John Gump, a CPA working as an accounting manager at Edwards Manufacturing, faces ethical dilemmas in the given situation.
Firstly, he discovers a potential conflict of interest between the company and the CFO, as goods are being bought and sold with a company owned by the CFO.
This raises concerns about the objectivity and fairness of the transactions. Secondly, John notices an overdue invoice from the CFO's company, indicating potential liquidity issues and the need for an allowance for doubtful accounts.
However, the CFO discourages discussion and suggests hiding the issue to protect the creditworthiness of Arwight. John faces a dilemma between complying with unethical practices or acting in the company's best interest and adhering to professional ethics and standards.
From a regulatory and legal perspective, there may be implications related to conflicts of interest, financial reporting accuracy, and potential fraud.
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You plan to sell mutual fund XYZ after holding it for 2 years. You purchased 1,000 shares at $25 and earned a 10% return, compounded monthly. The fund is a back-end load fund with a deferred sales charge of 5%.
Based on the above, what are the net proceeds that you could expect to receive after selling mutual fund XYZ after 2 years?
$28,984
$29,900
$30,510
$31,235
The net proceeds that you could expect to receive after selling
mutual fund XYZ after 2 years are $31,235.
To calculate the net proceeds, we need to consider the initial investment, the return earned, and the deferred sales charge.
Initial investment = Number of shares * Purchase price
Initial investment = 1,000 shares * $25 = $25,000
Return earned = Initial investment * (1 + Return rate)^(Number of years)
Return earned = $25,000 * (1 + 0.10/12)^(2*12) = $5,234.94
Net proceeds = Initial investment + Return earned - Sales charge
Net proceeds = $25,000 + $5,234.94 - (Sales charge rate * Initial investment)
Net proceeds = $25,000 + $5,234.94 - (0.05 * $25,000) = $31,235
The net proceeds that you could expect to receive after selling mutual fund XYZ after 2 years are $31,235. This calculation takes into account the initial investment, the return earned, and the deferred sales charge of 5%.
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Write a brief note on Axioms of interpersonal communication with example of real life business communication.
Answer:
axiom shows that everything one does is a message: "Activity or inactivity, words or silence all have message value: they influence others and these others, in turn, cannot not respond to these communications and are thus themselves communicating" (Watzlawick, Beavin, and Jackson, 1967, p. 1). This is true only however if the parties are "in the presence of another" (Watzlawick & Beavin, 1967, p. 4). This can cause problems in the relationship system though. For example, if one doesn’t want to communicate and inadvertently communicates this fact it may anger the other party. The appreciation for people who behave emotionally reserved verses who express their thoughts and feelings freely, may differ considerately between cultures. Insensitivity to these differences or the signals that people send, may hinder or undermine a smooth acculturation process considerately
Explanation:
\(\large\colorbox{orange}{ɪ ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs}\)
\(\large\colorbox{darkred}{Xxᴊᴀsʜ13xX}\)
Which of the following is NOT Considered personal information?
O a) Social Security number
Ob) Date of Bith
Oc) Place of employment
O d) Credit card number
Answer: NOne of the above. Or C Place of employement
Explanation:
The personal information that does not consider is the place of employment.
The following things should be considered for personal information:
The number of social security.The date of birth.The credit card number.Personal information refers to the information that does not share with anyone as it is safe and secure data that should be kept with the person only.
Therefore we can conclude that the personal information that does not consider is the place of employment.
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The future value of $100 at a 5% per year interest rate at the end of one year is?
The future value of $100 at a 5% per year interest rate at the end of one year is 105
How to get the future valueWe have the principal amount to be 100
Then the rate of the money is at 5 percent
Then we would have the formula
p * 1+r
= 100 *(1+5%)
= 100 * 1.05
= 105
Hence we would have to conclude that the The future value of $100 at a 5% per year interest rate at the end of one year is 105
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Analyze: Review lines 57-72. What words does the poet use to help you understand Paul Revere’s character and how he behaves while he waits for the signal?
In lines 57-72 of the poem "Paul Revere's Ride" by Henry Wadsworth Longfellow, the poet uses a variety of words to help the reader understand Paul Revere's character and behavior while he waits for the signal.
Firstly, the poet uses the word "anxious" to describe Revere's state of mind, which suggests that he is eager and concerned about the task ahead. The word "impatient" is also used, which implies that Revere is restless and eager to get going.
Secondly, the poet uses the phrase "quietly humming a song" to describe Revere's behavior, which suggests that he is trying to stay calm and composed. The word "steadfast" is also used to describe Revere's determination to complete his mission despite the danger involved.
Thirdly, the poet uses the phrase "watchful eyes" to describe Revere's alertness and vigilance while waiting for the signal. The word "vigilant" is also used, which further emphasizes Revere's alertness and readiness to respond to any danger.
Finally, the poet uses the word "courier" to describe Revere's role in the mission, which suggests that he is a skilled and trusted messenger.
Overall, the words used by the poet paint a picture of Paul Revere as a brave, determined, and vigilant individual who is committed to the cause of the American Revolution.
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Explain your understanding of the closing process by choosing the correct statements below. (Check all that apply.) Multiple select question. the closing process helps to determine a company's liquidity. the closing process resets the balances in temporary accounts to zero. the closing process helps to summarize a period's revenues and expenses. the closing process is a helpful step in preparing financial statements.
Answer:
Resets the balances to zero
The closing process helps to summarize a period's revenues and expenses and resets the balances in temporary accounts to zero. Thus, options B and C are correct.
What is the closing process?The word “closing process” describes a set of operations that had successfully been carried out in order to officially end and effectively close certain responsibilities, operations, and constituent pieces of a certain program or segment of a venture.
In the closing process, the people have to summarize or take the account all the expenses or the process that the person has obtained.
This means that the person needs to maintain all the books till the last date for any order to do that they also have to reset the balance to a temporary one to resolve all the queries and inquiries that they are having a query which they are facing. Therefore, option B and C is the correct option.
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aisha has $100 saved from her job. she wants to buy as many charms for her bracelet, at $4 each and earrings at $5 per set, as she can without spending all of her money. the inequality represents her spending, where x is the number of charms and y is the number of sets of earrings. 4x 5y < 100 which ordered pair (x y, ) represents a combination of charms and earrings aisha can buy?
The inequality 4x + 5y < 100 represents Aisha's spending. To find the combination of charms and earrings she can buy, we need to plug in different values of x and y and see which ones satisfy the inequality.
Let's start by assuming that Aisha buys only charms, without any earrings. In this case, the inequality becomes:
4x < 100
Dividing both sides by 4, we get:
x < 25
This means that Aisha can buy up to 24 charms (because buying 25 would cost $100, which is all the money she has).
Now let's assume that Aisha buys only earrings, without any charms. In this case, the inequality becomes:
5y < 100
Dividing both sides by 5, we get:
y < 20
This means that Aisha can buy up to 19 sets of earrings (because buying 20 would cost $100, which is all the money she has).
So, Aisha can buy any combination of charms and earrings that satisfies the inequality 4x + 5y < 100 and where x is less than or equal to 24 and y is less than or equal to 19.
For example, one possible combination is (20, 4), which means Aisha buys 20 charms and 4 sets of earrings. This would cost her:
20 charms x $4 each = $80
4 sets of earrings x $5 each = $20
Total cost = $100, which is all the money she has.
There are many other combinations that would work as well, as long as they satisfy the inequality and stay within Aisha's budget.
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case studies ihn business management
Explanation: Business management is when you manage a business and also process the amount of people or state down the amount of people and see the jobs to fix or make it better and make the job better for you and the workers and your environment.