Provide a detailed plan, including actual dollar amounts, for Xavier to wisely use the extra $400 per month from his raise. For each part of the plan, briefly describe why you're making this choice.
Answers
Answer:
He should pay his debt off, weather it is the credit card and bills, or student loan. Also he should put $50 into the emergency funds.
Explanation:
This is the best idea, why? Well, the bills and debt should come first, way before a vacation and before a new car where possible. If you chip away at your debt, and pay on time, your credit score will increase. Now, this is great because you are paying off owed money and paying bills ahead off time and on time, also your credit increases! Without good credit, you can`t get a loan for a CAR or a HOUSE! So if his credit is bad or meh, he might not get approved, therefore, he can get the car! Now emergency funds come rights after bills and debt. He has a measly $250 dollars. Now just put $50 dollars each month, you will be good. This is great because you are steadily increasing your savings by $50 each month which adds up fast without eating up money. These are the *MOST IMPORTANT* options and the smartest options. After all of this, then you could take a cheap vacation, but you have to pay bills and debt on time!
The budgeting plan will be to pay the debt off and also put $50 in the emergency fund.
What is a budget?It should be noted that a budget simply means the financial estimate of the income and expenditure of an individual.
Here, the budgeting plan will be to pay the debt off and also put $50 in the emergency fund. It's also important to spend wisely on the vacation.
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Related Questions
The owner of a chicken processing plant makes $1,000,000 per year from his chicken processing plant, and $1,000,000 per year from other sources. He notices that a total of $30,000 worth of chickens per year are being taken home by his 100 employees to supplement their minimum wage living standards (this works out to less than $6 per week per employee). These chickens are being taken out through the fire safety doors, so the owner is considering blocking the doors permanently. This is against the law because any reasonable person knows that sealing fire doors kills people in the event of a fire. The probability of a fire is 0.01 per year (one percent per year). If a fire breaks out it will be discovered that the owner sealed the safety doors, and the owner will have to pay $F = 700, 000 worth of fines and legal fees. The owner's von NeumannMorgenstern utility function is u(x) = √x where x is the owner's income in a given year. The owner cares only about x.
Answers
Answer:
1. 1,403.567
2. 1,411.473
3. Algebraic expression 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
4. 1,877,600
5. 1411.761
Explanation:
1. Computation for the owner’s expected utility if he leaves the fire doors unsealed.
First step is to calculate the Owner's income if he leaves the doors unsealed
Owner's income if he leaves the doors unsealed=1,000,000 +1,000,000-30,000
Owner's income if he leaves the doors unsealed=1,970,000
Now let determine the expected utility if he leaves the doors unsealed
Expected utility=1,970,000^0.5
Expected utility=1,403.567
Therefore the expected utility if he leaves the doors unsealed will be 1,403.567
2. Calculation to determine the owner’s expected utility if he permanently seals the doors
First step is to calculate the The Owner's expected income if he seals the door
Owner's expected income if he seals the door=1,000,000 +1,000,000-700,000*0.01
Owner's expected income if he seals the door= 1,993,000
Now let calculate the Expected utility if he leaves the doors sealed
Expected utility if he leaves the doors sealed= 0.99*2,000,000^0.5+0.01*1,300,000^0.05
Expected utility if he leaves the doors sealed=1,411.473
Therefore The Expected utility if he leaves the doors sealed is 1,411.473
3. Calculation to determine the algebraic expression for the owner’s expected utility as a function
First step is to calculate the The owner's expected income with a fine F
Owner's expected income with a fine F= 1,000,000 +1,000,000-F*0.01
Owner's expected income with a fine F = 2,000,000-0.01F
Now let determine The algebraic expression for the owner's expected utility if he seals the door with a fine F
Algebraic expression= 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
Therefore The Algebraic expression is 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
4. Calculation to solve for the minimal fines and legal fees that will make the owner decide not to seal the doors using the expression from the previous problem and the owner’s expected utility if he leaves the fire doors unsealed
Based on the information given the owner may decide that he won't seal the door In a situation where the expected utility from sealing is as well equal to the expected utility from not sealing the door which was Calculated as:
0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05=1403.567
Now let calculate Fines and legal fees
Fines and legal fees=(2,000,000-F)^0.05=100(3.49857)= 349.857
Fines and legal fees=2,000,000-349.857^2=1,877,600
Therefore based on the above calculation in a situation were the Fines as well as the legal fees are equal to or higher than F=1,877,600 which means that the owner may decide not to seal the doors.
5. Calculation to Find the C that gives the plant owner complete coverage
First step is to calculate the owner expected utility will in a situation were the owner contributes $C to state politicians
Expected utility= 0.99*(2,000,000-C)^0.5+0.01*(1,300,000+100C)^0.05
Second step is to calculate the The plant owner complete coverage when 100C=700,000
Plant owner complete coverage=700,000/100
C=7000
Third step is to calculate what the owner will likely make this contribution if the expected utility is:
0.99*(2,000,000-C)^0.5+0.01*(1,300,000+100C)^0.05 is greater than 0.99*2,000,000^0.5+0.01*1,300,000^0.05
=1411.473
Hence,
0.99*(1,993,000)^0.5+0.01*(2,000,000)^0.05= 1411.761
Therefore the owner expected utility in a situation were the owner contributes $C to state politicians is 1411.761
The Love of Money is the root of all evil but if i give you money you will take it why???
Answers
Answer:
cause we need money for basic needs
such as cloths,shelter,education,medical needs e t c.
Answer:
yeah
Explanation:
yes because without money you wont be in this school and without money your teachers wont become the teachers they are now
risk committee members
Answers
Answer:
....what's the question???
Jim Smith borrowed $2,000 at a 6% add on rate for two years What is the finance charge ? Show your calculations below.
Answers
Answer:
the finance charge is $420
Explanation:
Finance charge constitutes Interest cost to be paid on the loan. Interest compensate the lender for forgoing the alternative of investing the money elsewhere.
Annual finance charge :
Interest charge = $2,000 x 6% = $120
After two years :
Interest charge = $120 x 2 = $420
Therefore, the finance charge is $420.
Samuel needs to import information from Excel to an Access table, but he wants to ensure that if the source table is
changed, the information in Access will be updated automatically. What should he do?
O Create a new copy of the Excel spreadsheet and import it
O Create a linked copy of the Excel spreadsheet.
O Create a linked database and merge it with the Excel spreadsheet.
O Create a new database and import the Excel spreadsheet.
Answers
Answer:
B
Explanation:
Hi,
what is a CSR?
Please
Thank you in advance !
Answers
Answer:
Certificate signing request
Explanation:
Plz mark brainliest thanks
Read the Management Focus feature titled Did Walmart Violate the Foreign Corrupt Practices Act? What is your opinion? If you think it did, what do you think the consequences will be for Walmart?
Answers
Answer:
Following are the solution to this question:
Explanation:
The answer is yes because the corporation is the aim of this game for both the infringement of FCPA through resort to corrupt practices in order supply public officials of preferential treatment, advantages, and unfair compensation by restricting or trying to circumvent laws. Whenever major leadership in the country engages in activities and ensures that such investigations are structured to confuse and turn regulators into simple eyewashes, it becomes much more dangerous. Its activity could be cheapened, even if the bribe is done as in nations since it arises from the U.S and also has a bad reputation even when it does illegally overseas. After convicting, a company will be obliged to pay compensation and criminal penalties alongside interest on the Securities and Exchange Board. The volume of these could be measured by the seriousness of a performed crime.
A customer who has, as part of her account holdings, unlisted REITS, as well as a limited partnership interest in an oil and gas program, may expect her servicing member firm to show A) no valuation for the unlisted REITS and the original investment made in the DPP interest. B) a per share estimated value of the securities. C) the amount shown on Tape B the business day before the account statement closing date. D) an exact per share value as calculated on the last business day of the month.
Answers
Answer:
In recent months the news about Listed Real Estate Investment Companies -
SOCIMIS-, abound in all the economic newspapers of the country, have become one of
investment instruments with the most interest in a market where the highly
named reactivation of economic growth, as well as job creation. At
The work presented below has been intended to make a small approximation to
this unique area within the framework of a new real estate market.
As an introduction to the work itself, a reflection and approach has been made
the Spanish real estate sector, which has had so much weight in the country's growth in the
recent years, analysis that will deal with the housing market both in its aspect
residential as well as for rent.
The first part of the work consists of showing the origin of this type of societies
mercantile, beyond our borders, in countries with a social and financial culture
different from that applicable in Spain. We will study the emergence of REITs, the evolution that
have followed to this day, the legal framework in which they operate, and the characteristics and
particular of the different types. All this both in his country of origin, the United States of
America as in so many others on various continents.
The central part of the theoretical work will consist of presenting the characteristics of the
SOCIMIS - Listed Stock Companies of Real Estate Investment, companies of recent
creation. Their characteristics will be analyzed in depth, comparing them with
others with similar characteristics in the market and analyzing in depth the taxation of
these and their final impact on shareholders.
Finally, the practical case of a SOCIMI will be analyzed, from before it took that name,
going through the analysis of your real estate assets, balance sheets and loss accounts and
profits, to finally land on a listed market offering investors the
participation in the company in exchange for a return.
The final part of the work will consist of the analysis in the same way as that mentioned in point
above, but with respect to other real estate assets in which it may have an interest in investing the
SOCIMI.
explain demand of money
Answers
Answer:
In monetary economics, the demand for money is the desired holding of financial assets in the form of money: that is, cash or bank deposits rather than investments. It can refer to the demand for money narrowly defined as M1 (directly spendable holdings), or for money in the broader sense of M2 or M3.
Explanation:
Which example involves a real-world restriction that can affect your decision-making process?
A. interest in a subject as a child
B. family disputes
C. physical attributes
D. history of careers in the family
(comment the answer, too, please) :)
Answers
Answer: Your answer would most likely be C. Physical attributes.
Explanation:
Assume that your total cost per unit to make a snack is $4.50. Your company is using a cost-plus pricing strategy and would like to charge a 15% markup. Show your work to calculate the Selling Price of the snack as well as the Total Profit that would be made per unit. Show your work
Answers
Answer: See explanation
Explanation:
The selling price of the snack will be the addition of the cost plus the markup. This will be:
Cost per unit = $4.50
Markup percentage= 15%
Markup = Markup percentage × Cost
= 15% × $4.50
= 0.15 × $4.50
= $0.675
Then, selling price will be:
= $4.50 + $0.675
= $5.175 per unit
Profit = Selling price - Cost price
= $5.175 - $4.50
= $0.675 per unit
The profit is the markup price.
name four commercial services which are useful to a manufacturer
Answers
The sides of a triangle measure 4, 6, and 7. If the shortest side of a similar triangle is 12, what is the perimeter of the larger triangle?
Answers
Answer:
51
Explanation:
12 divided by 4 is 3 so we'll multiply all of the smaller triangle by 3.
4 x 3 = 12
6 x 3 = 18
7 x 3 = 21
12 + 18 + 21 = 51
John has the following transactions for the year: Cash received from sales of products $120,000 Cash paid for expenses (except rent and interest) $35,000 Rent paid on a leased building for 18 months beginning December 1 $40,500 Prepaid interest on a bank loan, paid on November 1, for the next 6 months $12,000 Four months' rent received on a leased building, on December 1 $10,000 Instructions: Calculate John's income under the cash basis for his business. You must show your work computations to receive full credit.
Answers
Answer:
John
John's business income, based on a cash basis:
= $42,500
Explanation:
a) Data and Calculations:
Cash received from sales of products $120,000
Four months' rent received
on a leased building, on December 1 $10,000
Total receipts $130,000
Cash paid for expenses
(except rent and interest) $35,000
Rent paid on a leased building
for 18 months beginning December 1 $40,500
Prepaid interest on a bank loan, paid on
November 1, for the next 6 months $12,000
Total expenses $87,500
Income $42,500
b) Under the cash basis, accounting for a business does not differentiate the period the expenses and revenue are incurred. The only issue for consideration is the time cash is exchanged.
Outsourcing is __________. ANSWER Unselected making a high-level, often strategic, decision regarding which products or services will be provided internally and which will be provided by external supply chain partners Unselected organizational strengths or abilities, developed over a long period, that customers find valuable and competitors find difficult or even impossible to copy Unselected the use of supply chain partners to provide products or services Unselected the use of resources within the firm to provide products or services
Answers
Answer:
the use of supply chain partners to provide products or services.
Explanation:
In Business management, outsourcing can be defined as a process which involves an agreement between two companies that allows for the provision of services or job functions by another.
When a company is outsourced, it engages the service of another company (third-party) to perform some of its duties rather than the use of an in-house department or employees to handle them. The outsourcing firm is saddled with the responsibility of physically distributing the goods or services of the outsourced company.
Hence, outsourcing refers to the use of supply chain partners to provide products or services.
Start-up costs do NOT include:
OA. Space for the business
OB. Equipment and supplies
OC. Refinancing
OD. Labor expenses
Answers
What do you think are the most important components of budgeting? Why?
Answers
Answer:
I would have to say figuring out ur cash flow where its going after u earn it and making sure u keep track of ur savings
Explanation:
After 160 customer reviews for the hotel, 65% were Excellent
e. How many reviews of the 160 were Excellent?
Answers
Answer: 104 reviews
Explanation:
Number of customers reviews = 160
Percentage of customer reviews that were excellent= 65%
.
Number of customer reviews that were excellent will be:
= 65% × 160
= 65/100 × 160
= 0.65 × 160
= 104
104 reviews were excellent.
Levels of agriculture?
Answers
Answer:
Helloooo
the steps are :-
Soil preparationmanuringirrigationweedingharvestingstoringExplanation:
thanks hope it helps
Which strategy makes use of summarizing to understand written documents?
A. Guessing from context
B. Previewing
C. Skimming
D. Taking notes
Answers
Answer:
See below
Explanation:
The strategy which makes use of summarizing to understand written documents is called paraphrasing. It is the act of writing an author's word in one's own word.
However, before one could paraphrase, the context or subject being discussed must be really understood. Here, the main contents in the discussed are preserved when paraphrasing in order not to lose relevance.
Guessing from contents means knowing the exact meaning of every words used in a context. The idea here is not to summarize the written document.
Previewing is when the summary of a content is being read inoder to have a general idea of the content. The whole summary of a passage or content are displayed at a glance.
Skimming. In skimming, one look out for certain key words and phrases rather than summarizing the whole contents.
Taking notes. Note taking involves writing down main ideas, summary and vocabulary in order to have full knowledge of what the whole contents entails.
Bailey stood in line for hours and purchased the new game system the day it became available for $600. Knowing that there was a high demand for the game system and a limited supply, she decided to put the item on E-bay rather than keep it. She sold it for $950. She also sold her five-year old car for $5,000. She had purchased the car for $13,000. What is the taxable nature of these transactions? Multiple choice question. Bailey has a taxable short-term capital gain of $350 and a deductible long-term capital loss. Bailey has no tax consequences for these transactions because the assets sold were "personal use" assets. Bailey has a taxable short-term capital gain of $350, but no deductible loss for the car. Bailey does not have to pay tax on the game system, but she deductible long-term capital loss.
Answers
Answer:
Bailey has a taxable short-term capital gain of the amount of $350, but no deductible loss for the car.
Explanation:
Based on the information given In a situation where Bailey purchased the new game system for the amount of $600 in which it was sold for the amount of $950. Which means that the taxable nature of these transactions is that she has a TAXABLE SHORT-TERM CAPITAL GAIN of the amount of $350, which is calculated as ($950-$600) while on the other hand their won't be any deductible loss amount for the car.
Credit entries in the U.S. balance of payments Group of answer choices result from foreign sales of U.S. goods and services, goodwill, financial claims, and real assets. give rise to the supply of dollars. result from foreign sales of U.S. goods and services, goodwill, financial claims, and real assets, and give rise to the demand for dollars. give rise to the demand for dollars. result from U.S. purchases of foreign goods and services, goodwill, financial claims, and real assets. Flag question: Question 15
Answers
Answer:
result from foreign sales of U.S. goods and services, goodwill, financial claims, and real assets.
give rise to the demand for dollars
Explanation:
Balance of payments is defined as a record of a country's international transactions in a statistical format over a known period of time as it is usually in the form of a double-entry bookkeeping. It gives a thorough information about the demand and supply of a country's currency and it can is used to monitor or check the performance of a country in international economic competition.
Credits on the balance of payments is found or associated with cash inflows (exports) and have a positive sign and these Credit entries generate a demand for dollars (supply of foreign currency).
Why might a company that sells advanced lighting systems include a technical specialist on its sales teams?done
A.To provide deep knowledge about the product and how it can help customers
B.To focus on completing sales accurately and courteouslyclose
C.To deliver selling that is less expensive but involves good human relations skills
D.To call on buyers further down the marketing channel than the company's own customers
Answers
A company that sells advanced lighting systems might include a technical specialist on its sales teams: A. To provide deep knowledge about the product and how it can help customers.
When customers come to buy the lighting systems, some of them might make extensive inquiries about the lighting systems.
The lay sales representative might not have full knowledge of the questions being asked.
So, it becomes necessary to employ a technical specialist who can provide deep knowledge about the product.
Learn more about technical specialists here:
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Answer:
A to provide deep knowledge about the product and how it can help customers
Explanation:
What should a trader do when the one-year forward price of an asset is too low? Assume that the asset provides no income. The trader should borrow the price of the asset, buy one unit of the asset and enter into a long forward contract to buy the asset in one year. The trader should borrow the price of the asset, buy one unit of the asset and enter into a short forward contract to sell the asset in one year. The trader should short the asset, invest the proceeds of the short sale at the risk-free rate, enter into a short forward contract to sell the asset in one year The trader should short the asset, invest the proceeds of the short sale at the risk-free rate, enter into a long forward contract to buy the asset in one year
Answers
Answer:
The answer is "Choice D".
Explanation:
Please find the numbering of the choices in the attached file.
In this question, when this forward price is too low in comparison to both the location cost of production, the dealer must also reduce their assets throughout the spot market and purchase it at the potential price. Its trader should reduce the asset, reinvest the owner-occupants profits on a risk-free basis, establish a long-term loan to buy the asset with one year.
When A customer returns goods to the business
Answers
Answer:
If there's no options to select it would be a refund which that customer can exchange that item for a different or identical item or they can get store credit or money back
Explanation:
The Plastics Division of Weston Company manufactures plastic molds and then sells them to customers for $70 per unit. Its variable cost is $30 per unit, and its fixed cost per unit is $10. Management would like the Plastics Division to transfer 10,000 of these molds to another division within the company at a price of $40. The Plastics Division has excess capacity of 10,000 units for plastic moldings. What is the minimum transfer price that the Plastics Division should accept
Answers
Answer:
$30
Explanation:
Based on the information given in a situation where the Plastics Division has 10,000 units as the excess capacity for plastic moldings in which the VARIABLE COST is $30 per unit which means that the MINIMUM TRANSFER PRICE that the Plastics Division should accept will be the
VARIABLE COST per unit amount of $30.
Therefore the MINIMUM TRANSFER PRICE that the Plastics Division should accept is $30
In which situation would you need to compromise to avoid stress and conflict?
A. when forcing others to see things your way
B. when delegating work
C. when using the I-statement
D. when dealing with changes in the organization
Answers
Answer:
i think the answer is D
Explanation:
im so sorry if im wrong
What is characteristic of an organization in which salespeople do most or all of their own marketing?
independent
small size
nonprofit
private
Answers
Answer:
private
Explanation:
people are doing private marketing to earn money for themselves
Limited partnership programs are categorized as direct participation programs. The term direct participation refers to A) the ability of any partner, limited or general, to participate in the running of the partnership. B) the ability, through the partnership democracy, for each partner to have her vote flow through to the general partner. C) the general partners directly participating in the day-to-day management of the partnership. D) the flow-through of profits and losses of the partnership to the individual limited partners.
Answers
Answer:
D) the flow-through of profits and losses of the partnership to the individual limited partners.
Explanation:
A limited liability company can be defined as a private company in which the owners are legally responsible for the company's debts but only to the amount of capital he or she has invested. The LLC can be referred to as a hybrid business entity that combines the limited liability-shield of a corporation with the pass-through taxation of a sole-proprietorship or partnership business.
In the United States of America, the owner of a LLC is not legally liable for the company's liability or debts.
Limited partnership programs are categorized as direct participation programs. The term direct participation refers to the flow-through of profits and losses of the partnership to the individual limited partners. Also, it prevents double taxation because only the owners or investors are taxed on revenues but not the entity.
BE17-1 Each of the items below must be considered in preparing a statement of cash fl ows for Baskerville Co. For the year ended December 31, 2017. For each item, state how it should be shown in the statement of cash fl ows for 2017. (a) Issued bonds for $200,000 cash. (b) Purchased equipment for $150,000 cash. (c) Sold land costing $20,000 for $20,000 cash. (d) Declared and paid a $50,000 cash dividend
Answers
Answer:
(a) To be shown cash inflows from financing activity
(b) To be shown as cash outflows from investing activity
(c) To be shown as cash inflow from investing activity
d) To be shown as cash outflows from financing activity
Explanation:
(a) Issued bonds for $200,000 cash.
This should be shown as a cash inflow under financing activity section of the statement of cash flows for 2017.
(b) Purchased equipment for $150,000 cash.
This should be shown as a cash outflow under investing activity section of the statement of cash flows for 2017.
(c) Sold land costing $20,000 for $20,000 cash
This should be shown as a cash inflow under investing activity section of the statement of cash flows for 2017.
(d) Declared and paid a $50,000 cash dividend
This should be shown as a cash outflow under financing activity section of the statement of cash flows for 2017.
Additional Note:
Although this is not part of the requirement of the question, but it will assist you in your learning.
After taking all the above into consideration, they will appear as follows in statement of cash flows for 2017 (Note only they will appear is shown without any calculations since there will be other items).
Baskerville Co.
Statement of Cash Flows for 2017
(Abridged Vesrion)
Details $ $
Cash from operating activities
Cash flows from investing activities
Purchase of equipment (150,000)
Soles of land 20,000
Cash flows from financing activities:
Bond issued 200,000
Cash dividend paid (50,000)