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2 years ago

How does a budget and saving increase your ability to purchase items you want or need over time?

Business

2 answers:

wariber [46]2 years ago

6 0

Answer: It increases ability and chances of actually buying it

Explanation:

Budgeting and savings help to increase your ability to purchase items over time because it restricts you wasting your money over something else which are not valuable and also you may hardly wants or need.

A budget makes you to know what you can afford and take advantage of buying and investing in opportunities, and plan how to lower your debt as well. It also tells you what is important to you based on how you distributes your funds, how your money is working for you, and how far you are towards reaching your financial goals or aim

butalik [34]2 years ago

5 0

Budgeting and savings help to increase your ability to purchase items over time because it restricts what you buy that are wants in the moment.

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Break-Even Sales Currently, the unit selling price of a product is $7,520, the unit variable cost is $4,400, and the total fixed

-Dominant- [34]

Answer:

Current Break Even point = 6,500 units

Break Even point in Unit Sale = 7,500 units

Explanation:

The computation of break-even sales is shown below:-

Sale price = $8,000

Variable expense = $4,400

Contribution margin = Sale price - Variable expenses

= $8,000 - $4,400

= $3,600

Fixed expenses = $23,400,000

Current Break Even point = Fixed expenses ÷ Contribution margin

= $23,400,000 ÷ $3,600

= 6,500 units

Therefore for computing the break even point we simply divide contribution margin by fixed expenses

b. Sale price = $7,520

Variable expense = $4,400

Contribution margin =$7,520 - $4,400

= $3,120

Fixed expenses plus desired profit = $23,400,000

Break Even point in Unit Sale = Fixed expenses ÷ Contribution margin

= $23,400,000 ÷ $3,120

= 7,500 units

So, for computing the break even point we simply divide contribution margin by fixed expenses

5 0

2 years ago

Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During

hammer [34]

Answer= The entry to record this transaction would include:

A debit to Organization Expenses for $5,000.

A credit to common stock for $4,000 and Paid in capital in excess of par-Common Stock of $1,000

Explanation:

Common stock = 400 x $10= $4000

Accounts Debit Credit

Organisation expense $5,000

Common stock $4,000

Paid in capital in excess of par value

of common stock $1,000

( $5000 - $4000)

7 0

1 year ago

A change in company policy now means that employees have to gather a lot more information from a customer before dealing with a

MrMuchimi

Answer:

A Apologises for any trouble and explain the change to each customer.

Explanation:

After changing the organization policy first the employees want to understand the policies of the company so that they are able to communicate with the customers but before that the employees required to grab more information with respect to the customer before dealing with it.

For any trouble, the employees should apologises it and explain to them what is the changes in the policy to each customer and why it is important

Hence, the first option is correct

4 0

1 year ago

Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 4.1 percent until you retire in 45 years.

grigory [225]

Answer:

If you wait one year, in 45 years you will have $16,624.04 more than investing today.

Explanation:

Giving the following information:

Option 1:

Initial investment= $11,500

Number of years= 45

Interest rate= 4.1%

Option 2:

Initial investment= $11,500

Number of years= 44

Interest rate= 4.7%

To calculate the future value for both options, we need to use the following formula:

FV= PV*(1+i)^n

<u>Option 1:</u>

FV= 11,500*(1.041^45)= $70,142.41

<u>Option 2:</u>

FV= 11,500*(1.047^44)

FV= $86,766.45

If you wait one year, in 45 years you will have $16,624.04 more than investing today.

7 0

2 years ago

Total quality management (tqm) emphasizes all but which one of the following?a. Team-based work design and the creation of a tot

Sindrei [870]

Answer:

c. Involvement and empowerment of employees at all levels

Explanation:

Total quality management refers to managing the organization in order to develop a success in the long run by considering the low level workers to the high level executive, and at the same time focused on quality improvement and the customer satisfaction

Here are the following points to become important for an organization

1. Quality improvement, management leads to long term success for organization and customers

2. The deficiencies could be determined by performing the work and can be corrected through providing the training, education, etc

3. If the product contains high quality that meet the needs of the customers than it would lead to high customer satifaction

4. And, in case if there is few defective product so the company is in a position to save the cost

5 0

2 years ago