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
DUE TODAY PLEASE HELP T^T
One reason picking a career that interests you is that you might easily spend 30-40 years doing that job.
False
True
Answers
Answer:
False
Explanation:
Because you would spend 30-40 years of that career that YOU would enjoy. If you do something that's easy but not fun, then you would most likely end up quitting that job/career.
When performing the "Incremental ROR analysis" of multiple mutually exclusive alternatives, the first step is to order all the alternatives from the largest to the smallest initial investment.
O True
O False
Answers
Answer:
True
Explanation:
Mutually exclusive is a situation where two projects cannot be incorporated together. These are independent projects which needs to be selected based on their risk and return. The first step is to list the projects according to their initial investments.
You have $500,000 to deposit in a bank account. What should you do with this deposit to be certain it is insured?
A.
Split it in half and deposit it in two separate savings accounts at different commercial banks.
B.
Deposit all of the money in one savings account in a commercial bank.
C.
Deposit all of the money in one checking account in a commercial bank.
D.
Split it in half and deposit it in two separate savings accounts at different brokerage firms.
Answers
The correct answer for plato users is option A
Explanation:
I just took the midterm and this was the correct option, please give brainly :)
The correct option is A.
Split it in half and deposit it in two separate savings accounts at different commercial banks.
Can direct deposit go to two different banks?Typically, yes. In fact, many direct deposit programs allow you to split your payment between savings and checking accounts at different banks. You'll just need to add your banks' routing numbers, your account numbers and the account type for each.
How do I split up my savings?The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings.
Why is it important that your deposit is insured?Deposit insurance provides three important benefits to the economy:
It assures small depositors that their deposits are safe, and that their deposits will be immediately available to them if their bank fails.
It maintains public confidence in the banking system, thus fostering economic stability.
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What is a tagline?
(Principles Of Business Management)
Answers
Answer:
Explanation:
A tagline is a short phrase used in marketing campaigns of a business to sum up the value of a brand or its products and create a positive brand impression.
A special type of project team that focuses on the verse in designing a implement a new product is a
Answers
Answer:
Product development team.
Explanation:
Product development team is special type of team which is formulated for designing a product and implement a new product. The product development team is responsible for the research of the new product and then formulae design for the product and then implement the product.
4.2. Why do you think capital is important?
Answers
Answer:
Capital is important because it's that part of an asset that can be used to repay its depositors, customers, and other claimants in case the bank doesn't have enough liquidity due to losses it suffered in its operations. Capital also helps the bank in times of a liquidity crisis.
The expected rate of change in the nominal dollar/euro exchange rate is best described as Group of answer choices the expected rate of change in the real dollar/euro exchange rate minus the U.S.-Europe real interest rate difference. the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe real interest rate difference. the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe expected inflation difference. the expected rate of change in the real dollar/euro exchange rate minus the U.S.-Europe expected inflation difference. the expected rate of change in the real dollar/euro exchange rate plus the European expected inflation.
Answers
Answer:
the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe expected inflation difference.
Explanation:
Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.
For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.
Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.
The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.
Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.
Hence, the expected rate of change in the nominal dollar/euro exchange rate is best described as the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe expected inflation difference.
Spotlight on India and Mexico Question Number 1) India’s rapidly expanding service sector of educated workers represents more than half of the country’s annual GDP, despite that less than one-third of the country is employed. This trend is indicative of the world economic trend that ________. a Manufacturing is increasing only in developing countries b Manufacturing is declining c production has been decoupled from employment d Communism is on the rise e Currency trading has decreased Previous Question 1 of 5 (0 completed) Next
Answers
Answer:
production has been decoupled from employment
Explanation:
We aren't informed about India’s which is rapidly expanding service sector of educated workers represents more than half of the country’s annual GDP, despite that less than one-third of the country is employed. In this case, This trend is indicative of the world economic trend that production has been decoupled from employment.
Decoupled Production can be regarded as a case whereby company/ firms brings about separation of production from ideation, employment as well as media buying. And in some cases, a chosen production house takes responsibility for production work.
Which of these choices shows the smartest thinking?
ОА.
I use my credit card very carefully and I always pay my credit card bill the
minute I get it.
I use my credit card very carefully and I always pay my credit card bill the
day it is due.
Ов,
Oc. I use my credit card for impulse shopping.
OD. I use my credit card to help my friends buy stuff they cannot afford,
Answers
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:
Competitive dynamics refers to the: a. circumstances in which competitors are aware of the degree of their mutual interdependence resulting from market commonality and resource similarity. b. set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position. c. ongoing actions and responses among all firms competing within a market for advantageous positions. d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.
Answers
Answer:
d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.
Explanation:
Competitive dynamics refers to the ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.
This ultimately implies that, competitive dynamics comprises of various competitive actions or activities that a particular company or business firm engages so as to have a competitive advantage over its competitors in the same industry or market. Thus, it avails a business the opportunity to have a better market-share over rival firms.
what signs of maturity were shown towards the end of Tall Girl? Movie
Answers
which of the following jobs typically requires an associate’s degree
Answers
you never added the jobs...
Levels of agriculture?
Answers
Answer:
Helloooo
the steps are :-
Soil preparationmanuringirrigationweedingharvestingstoringExplanation:
thanks hope it helps
Pleaseee help
P
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Answers
Answer:
What should I help dude
4.1. Why will a business pay a salary or wage to a member of a household?
Answers
Answer:
because they work in the company.
The action of keeping financial accounts is called
PLEASE HELP
Answers
Answer:
How Accounting Works
Accounting is one of the key functions for almost any business. It may be handled by a bookkeeper or an accountant at a small firm, or by sizable finance departments with dozens of employees at larger companies. The reports generated by various streams of accounting, such as cost accounting and managerial accounting, are invaluable in helping management make informed business decisions.
Explanation:
In an effort to address the troubled economy, ..."For the ninth time in just over a year, the Federal Reserve is expected to cut interest rates, quite possibly its last reduction in this downturn." Rates have not been this low "... since 2003, when the economy was growing at a snail's pace." www.csmonitor, 10/28/2008 The Fed's rate cuts will ________ bank reserves and ________.
Answers
Answer:
decrease bank reserves; decrease the exchange rate and real GDP
Explanation:
The Federal reserve uses various monetary policies to regulate cash flow in the economy with a view of managing various indices like inflation, GDP, deflation, and so on.
Interest rate is one of the monetary policies that can be used to.vonttol the economy.
When interest rate is high cost of borrowing cash from commercial banks will be high so people are discouraged from borrowing. There is higher reserve in banks, and cash flow is restricted.
However in a situation where the economy is troubled the Federal Reserve will reduce interest rate.
This results in cheaper cost of borrowing funds, commercial bank reserves will reduce because of increased outward flow of cash.
As the cash in the economy is in excess the rate at which it exchanges for foreign currencies will fall.
This in turn results in more money being spent on foreign goods and will reduce real GDP
Carolyn spends her income on popular magazines and music CDs. If the price of a CD is four times the price of a magazine and if Carolyn is maximizing her utility, she buys Group of answer choices four times as many CDs as magazines. four times as many magazines as CDs. both goods until the marginal utility of the last magazine purchased is four times the marginal utility of the last CD purchased. both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased.
Answers
Answer:
both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased.
Explanation:
The marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.
In Economics, the law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.
In this scenario, Carolyn spends her income on popular magazines and music CDs. If the price of a CD is four times the price of a magazine and if Carolyn is maximizing her utility, she buys both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased.
Five Card Draw manufactures and sells 24,000 units of Diamonds, which retails for $180, and 27,000 units of Clubs, which retails for $190. The direct materials cost is $25 per unit of Diamonds and $30 per unit of Clubs. The labor rate is $25 per hour, and Five Card Draw estimated 180,00 direct labor hours. It takes 3 direct labor hours to manufacture Diamonds and 4 hours for Clubs. The total estimated overhead is $720,000. Five Card Draw uses the traditional allocation method based on direct labor hours.
Answers
Question Completion:
Find the gross profits for Diamonds and Cards
Find the total gross profit
Answer:
Five Card Draw
Diamonds Clubs Total
Gross profit $1,632,000 $1,188,000 $2,820,000
Explanation:
a) Data and Calculations:
Diamonds Clubs Total
Units manufactured and sold 24,000 27,000 51,000
Retail price $180 $190
Sales revenue $4,320,000 $5,130,000 $9,450,000
Direct materials cost per unit $25 $30
Labor rate = $25 per hour
Direct labor hours per unit 3 4
Total direct labor hours 72,000 108,000 180,000
Estimated overhead = $720,000
Predetermined overhead rate = $4 ($720,000/180,000) per DLH
Overhead allocation $288,000 $432,000 $720,000
Total direct materials costs $600,000 $810,000 $1,410,000
Total direct labor costs $1,800,000 $2,700,000 $4,500,000
Total costs of production $2,688,000 $3,942,000 $6,630,000
Income Statement:
Diamonds Clubs Total
Sales revenue $4,320,000 $5,130,000 $9,450,000
Total costs of production $2,688,000 $3,942,000 $6,630,000
Gross profit $1,632,000 $1,188,000 $2,820,000
write a number which is the product of two prime number
Answers
Answer:
2 x 3 = 6. ...............
A product of two primes can never be prime because the product of two primes p1 and p2 is always divisible by those two primes that are smaller than it and always bigger than 1 which is not prime by definition - and a prime is only divisible by 1 and itself.
The first 49 prime numbers are 2, 3, 5, 7, 11, 13, 17, 19, 23, 29, 31, 37, 41, 43, 47, 53, 59, 61, 67, 71, 73, 79, 83, 89, 97, 101, 103, 107, 109, 113, 127, 131, 137, 139, 149, 151, 157, 163, 167, 173, 179, 181, 191, 193, 197, 199, 211, 223, and 227.
No, the product of two (or more) prime numbers cannot result in another prime number.
A firm has EBIT of $375,000, interest expense of $75,000, preferred dividends of $6,000 and a tax rate of 40 percent. The firm's degree of financial leverage at a base EBIT level of $375,000 is
Answers
Answer: 1.29
Explanation:
The following can be deduced from the question:
EBIT = $375000
Interest expense = $75000
EBT = EBIT - Interest Expense
= $375000 - $75000
= $300000
Before tax preference dividend
= Preferred dividend / (1 - Tax rate)
= 6000 / (1 - 40%)
= 6000 / 60%
= 6000 / 0.6
= $10000
The firm's degree of financial leverage will then be:
= EBIT / (EBIT - Interest expense - Before tax preference dividend)
= 375000 / (375000 - 75000 - 10000)
= 375000 / 290000
= 1.29
Therefore, the firm's degree of financial leverage is 1.29.
Recalling the competency pyramid studied in this chapter, what is the difference between a personal competency and an academic competency?
A personal competency is something you are born with, whereas an academic competency is something a teacher gives you
A personal competency is something warned from schooling, while an academic competency is something learned through reading
A personal competency is a skill that is part of your character or personality, whereas an academic competency is generally learned through schooling
A personal competency is something that you cannot develop, whereas an academic competency is something that you can learn
Answers
Answer:
c
Explanation:
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PLEASE!! can someone send me an unused rbx gift card for 10 points
Answers
Answer:
RIKABRM8MPUF929FJC
Explanation:
Paying Your Taxes Reading Quiz
QUESTION 2 of 10: If you want to reduce the amount you pay in taxes each year:
O a) You should work less hours
b) Start contributing to an individual retirement account
O c) Don't claim any earnings
O d) All the above
Submit
©2021 Knowledge Matters, Inc
Answers
Answer:
b
Explanation:
If you want to reduce the amount you pay in taxes each year, then Start contributing to an individual retirement account
If you want to reduce the amount you pay in taxes each year, there are several strategies you can consider. One option is to start contributing to an individual retirement account (IRA). By contributing to an IRA, you may be able to deduct the amount of your contributions from your taxable income, thereby reducing your overall tax liability. Another strategy is to work fewer hours, as your income will be lower and may result in a lower tax obligation.
However, reducing your work hours may also affect your overall income and financial goals, so it's important to consider the trade-offs. Lastly, not claiming any earnings would not be a practical or legal solution, as the tax authorities require accurate reporting of income. In conclusion, the best approach to reducing your tax payments would be to start contributing to an individual retirement account (IRA).
So, the correct answer: b) Start contributing to an individual retirement account
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Multiple Choice
Which argument would you use to get a friend to look at the Bureau of Labor Statistics Web site before choosing a career path?
O BLS can tell you if you'll get a position or not after graduation.
BLS can tell important information about education needed, how much demand there is for each job, and approximate pay rates.
O BLS can tell you what kind of boss you will have
O BLS can tell you exactly which career is perfect for your personality
Answers
Answer:
can tell important information about education needed, how much demand there is for each job, and approximate pay rates.
Explanation:
Someone broke into your apartment and stole all of your stuff. Luckily, you
have renter's insurance. How do you request that your insurance pay for
the lost items?
A. file a claim
B. Write a deductible
C. Submit a powerpoint presentation
D. Prepare a lease
Answers
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Answer: A, file a claim
Explanation:
I hope this helped!
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- Zack Slocum
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Answer:
A. file a claim
Explanation:
The answer is A. If you are on TeachBanzai because I did this a couple months ago and got 100%
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:
Tony wants to pay off his credit card balances within 12 months. He is trying to decide if he should use his $1,000 in savings to pay off part of the balances or if he should transfer the balances to a new card with a low introductory rate. The new credit card has an introductory rate of 7% but charges a balance transfer fee of $75 for each balance transfer. Evaluate Tony's options and recommend the debt management plan that would give him the lowest monthly payment.
Answers
Answer: pay off all of credit card A, and $206 of credit on card B. transfer the remaining balance of credit card B to the new card
Explanation:
Tony's options and recommend the debt management plan that would give him the lowest monthly payment. He Transfer the remaining balance of credit card B to the new card and pay off all of credit card A and the $206 remaining on card B.
What do you mean by Transfer?The movement of resources, money, or ownership rights from one location to another is referred to as a transfer. The procedure by which ownership of money or property is transferred to a new owner is also referred to as a transfer.
There are two major approaches you can take if you want to pay off a credit card with another credit card: a balance transfer or a cash advance. Both can be possibilities to think about in an emergency, but there are a few key differences that must be understood before choosing one over the other.
Even though it's crucial to make at least the minimum payment each month, it's not recommended to carry a balance from month to month because you'll accrue interest fees (unless you're taking advantage of an introductory 0% APR) and run the danger of going into debt.
Therefore, Tony transfer the remaining balance of credit card B to the new card and pay off all of credit card A and the $206 remaining on card B.
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The time attendance system in the production division at MM, an automobile manufacturing company, was malfunctioning. Consequently, Greg Hill, one of the front-level managers, sent it for repair. In the meantime, he placed a register where all workers of the production division had to provide their time of entry and exit from office. At the end of the week, when looking through the time logs, he had certain concerns about a group of employees. In the next week, he personally tracked the time this group of employees spent working and realized that they were reporting a greater number of working hours than they actually worked. This group engaged in a barrier to communication called _