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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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Which of the following will most likely give the most assurance concerning the valuation assertion about accounts receivable?A.

OlgaM077 [116]

Answer:

Assessing the allowance for uncollectible accounts for reasonableness.

Explanation:

Assessing the allowance for uncollectible accounts for reasonableness give the most assurance concerning the valuation assertion about accounts receivable as The term uncollectible accounts receivable is used to describe the portion of credit sales in accounts receivable the company does not expect to collect from a customer.

Uncollectible accounts is used in the valuation of accounts receivable, which appears on a company's balance sheet.

6 0

2 years ago

Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an end

Tema [17]

Answer:

Bank Reconciliation Statement

Balance at bank as per Cash Book (Up to date) $67,438

Add Unpresented Cheques $128

Less Lodgements not yet credited 0

Balance as per Bank Statement $67,566

Explanation:

Step 1 Bring the Cash Book Bank Balance Up to Date as follows :

Debit :

Balance as at March 31 $68,057

Interest Earned $33

Totals $68,090

Credit:

Bank Charge- Safety deposit box $50

Cleared Check $500

Bank Charges - Printed Checks $102

Bank Balance (Updated) $67,438

Totals $68,090

Step 2 Prepare a Bank Reconciliation Statement

Bank Reconciliation Statement

Balance at bank as per Cash Book (Up to date) $67,438

Add Unpresented Cheques $128

Less Lodgements not yet credited 0

Balance as per Bank Statement $67,566

4 0

2 years ago

Emma is a recent college graduate who is unmarried and has no children. Which of the following benefits would be of least import

natali 33 [55]

Answer:

C. Life insurance

4 0

2 years ago

During the fiscal year ended December 31, 2020, the City of Johnstown issued 5% general obligation serial bonds in the amount of

Pie

Answer:

Option B.. $50,000

Explanation:

DATA

Coupon rate = 5%

issue value = 2000,000

Time period = 6months ( April 1 to October 1)

Expenditure = ?

Solution

Expenditure recorded by the debt service fund can be calculated as

Expenditure = Issue value x Coupon rate x time period

Expenditure = 2,000,000 x 5% x6/12

Expenditure = 50,000

Option B.. $50,000 would be the correct answer

6 0

2 years ago

Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Co

Oksanka [162]

Answer:

Activity Rate for Setup = $18

Explanation:

Given

Activity Total Activity-Base Usage Budgeted Activity Cost

Setups 10,000 $180,000

Inspections 24,000 $120,000

Assembly (dlh) 80,000 $400,000

Activity Rate is calculated by: Budget Activity Cost/Activity Base Usage

Where Activity Base (for Setup) = 10,000

Budget Activity Cost = $180,000

So, Activity Rate for Setup = $180,000/10,000

Activity Rate for Setup = $18

Hence, the calculated activity Rate for setups is $18

6 0

2 years ago

Read 2 more answers