I NEED HELP FAST! Why personal finance is good for life and what it would do for me?

Answers

Answer 1

Answer:

Personal finance skills help you to understand how much you earn, what are your monthly expenses, and help you to budget within that income. ... Personal finance affects even the little necessary things like transport bills, and grocery, as well as the longer-term goals like saving and investments

Answer 2

Answer:

Personal finance skills help you to understand how much you earn, what are your monthly expenses, and help you to budget within that income. ... Personal finance affects even the little necessary things like transport bills, and grocery, as well as the longer-term goals like saving and investments.

Explanation:

Basically you'll be good with all the money you take in and spend helping you accumilate the most amount of money.


Related Questions

(Scenario: A Small-Town Monopolist) Use Scenario: A Small-Town Monopolist. If this monopolist must choose between selling 100 or 175 subscriptions, it will choose to sell _____ units at a price of _____ and earn economic profits equal to _____. Scenario: A Small-Town Monopolist A monopolist sells cable subscriptions in a small town and finds that it can sell 100 subscriptions when the price is $15 a week and 175 subscriptions when the price is $10 a week. The MC for the provision of the cable is $5 a week. There are no fixed costs.

Answers

Answer:

100 units , $15 , $1000

Explanation:

Marginal cost = $5

Number of subscriptions = 100   $15 a week

Number of subscriptions = 175   $10 a week

Determine the number of units  to be sold between 100 and 175 units

when he sells 100 units

Revenue = price * quantity = 15 * 100 = $1500

missed opportunity = MC * Q = 5 * 100 = $500

profit made = Revenue - missed = $1500 - $500 = $1000

When he sells 175 units

Revenue = price * quantity = 10 * 175 = $1750

missed opportunity = MC * Q = 5 * 175 = $875

profit made = Revenue - missed = $1750 - $875 = $875

Therefore to earn maximum profit ;

sell 100 units at $15 and make an economic profit = $1000

Match the action needed to increase profits with the reason a business might fail.
Setting a realistic budget for the company to follow would match with________.

A) bad location

B) poor management

C) Competition

D) finances

Answers

D) finances
Thats how they make money without over pricing items

Answer:

D

Explanation:

finances

Brad, a manager at a new investment firm, is performing job evaluation. He selects 12 benchmark jobs in the firm and then ranks each of these jobs against compensable job factors such as physical effort, responsibility, skill, and nature of the working conditions. This ranking is based on job descriptions created during job analysis. Later, the management meets as a group and develops a consensus on the assigned values for each job. In the given scenario, which of the following systems or methods is Brad most likely using for job evaluation?
A) The point system
B) The classification system
C) The factor-comparison method
D) The market-basket analysis method

Answers

Answer:

C) The factor-comparison method

Explanation:

It is correct to say that the method for evaluating jobs that Brad is using in this scenario is the method of comparing factors, which consists of evaluating various factors of the job and not just the job itself. This method is advantageous due to the ease of application and classification of factors, such as those classified as compensable work factors such as physical effort, responsibility, skill and the nature of working conditions.

The objective of the factor comparison method is then to promote a remuneration corresponding to each value attributed to the job's working factors and thus to promote a fairer remuneration according to the position.

Please post detailed answers to the following questions. Please use complete sentences.What responsibilities do you believe people have as citizens in our global economy?

Answers

Answer:

Explanation:

GLOBAL CITIZENSHIP RESPONSIBILITIES. A global citizen, living in an emerging world community, has moral, ethical, political, and economic responsibilities. These responsibilities include: #1 Responsibility to understand one's own perspective and the perspectives of others on global issues.

The following exchange demonstrates which problem solving technique?
We pay higher costs than we need to when we go bowling because we don’t own our own equipment.
a.
Fishbone Diagram
b.
Five Whys
c.
Cluster Mapping
d.
Brainstorming

Answers

Answer:

a. Fishbone Diagram

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem.

2. Gathering of information.

3. Consider your options.

4. Weigh disadvantages and evaluate a solution.

A Fishbone diagram is also referred to as Ishikawa diagram and it can be defined as a cause and effect diagram that is typically used by managers to identify possible reasons for failure, defect, variation, imperfection, so as to discover the root cause of a problem and proffering the right solution. It was designed and developed by Professor Kaoru Ishikawa in the 1960s.

Cause and effect can be defined as the relationship between two things or events in which an occurrence one (cause) leads to the occurrence of another (effect).

Hence, the following exchange "We pay higher costs than we need to when we go bowling because we don’t own our own equipment." demonstrates the Fishbone diagram.

Match the personal accounts to their categories.
checking accounts
time deposit account
certificate of deposit
account
money market account
transaction accounts
Deposit Account
Savings Account

Answers

A personal bank account is one that is opened in order to receive, save, and expend funds for personal purposes. There are different types of Personal Bank Accounts. They are:

Checking Account

A checking account is a very liquid account kept for the purpose of keeping and withdrawing cash deposits at a financial institution such as a bank.

Transaction Accounts

A transactional account is also called a checking account in some cases. As the name implies, it is used for transactions starting from when one recieves their salary, then for payment of bills after which the balance is moved to a saving account.

Time Deposit Account

This is an account that bears interest where money is fixed for some time in exchange for an above-average interest on such money. An example is a certificate of deposit.

Money Market Account

It is an account that yields interest but one that is typical to credit unions. It is a hybrid account because it has features of the checking account and the savings account. One of such features is that it offers a higher interest rate than traditional savings or checking accounts.

Deposit Account

This is the same thing as a regular Savings Account. Traditionally, it comes with a guaranteed interest rate valid on specified dates.

Learn more about Personal Bank Account at the link below:

https://brainly.com/question/24751568

Answer:

Explanation:

Deposit account                 Savings account

Checkings account             Time deposit accounts

Transaction account           Certificate of deposit

                                             Money Market account

Harry and Hanson were partners in a firm sharing profits and losses in the ratio 3:2. Their capital was $300,000 and $150,000 respectively and they were entitled to interest on capital of 25% per annum. At the end of the firm's financial year December 31, 2019, the firm earned profit of $180,000 after allowing for interest on capital. Given this information, the profits that will be distributed among the partners will be:

Answers

Answer:

JOURNAL

1. Cash a/c... Dr. 350000

To C's Capital a/c 200000

To Premium for Goodwill a/c 150000

(Being capital and premium for goodwill brought in by C)

2. Premium for Goodwill a/c... Dr. 150000

To A's Capital a/c 110000

To B's Capital a/c 40000

(Being premium for goodwill distributed among the partners in the ratio of 11:4)

3. A's Capital a/c.... Dr. 55000

B's Capital a/c.... Dr. 20000

To Cash a/c 75000

(Being half of the premium for goodwill withdrawn by the partners)

Calculation of sacrificing ratio:

A's sacrifice= 3/5- 2/7= 11/35

B's sacrifice= 2/5- 2/7= 4/35

Sacrificing ratio= 11:4

Based on the information given  the profits that will be distributed among the partners will be: Harry  $108,000; Hanson $72,000.

Given:

Profits and losses sharing ratio=3:2

Profit earned=$180,000

Hence:

Profit sharing

Harry Profit=3/(3+2)×$180,000

Harry Profit=3/5×$180,000

Harry Profit=$108,000

Hanson Profit=2/(3+2)×$180,000

Hanson Profit=2/5×$180,000

Hanson Profit=$72,000

Inconclusion the profits that will be distributed among the partners will be: Harry  $108,000; Hanson $72,000.

Learn more here: https://brainly.com/question/17237029

5) "Once a business develops a solid information system to meet its needs, that system will serve the business for at least 25 years." Is this statement true or false? Explain. (2 points)​

Answers

Answer:

This is not correct, as the information systems in this age are rapidly transforming, due to artificial intelligence and IoT.

It is a false statement that once a business develops a solid information system to meet its needs, the system will serve the business for at least 25 years.

What is an information system?

It refers to the formal and organizational system that is designed to store and distribute information for future purpose.

However, because the information systems in this age are rapidly transforming due to presence of artificial intelligence.

Hence, the solid information system might not be able to sustain the demand and competitiveness of the industry,

Read more about information system

brainly.com/question/14688347

#SPJ2

explain why the women cannot see the reflection of her toes?​

Answers

Answer:

there is nothing to reflect out of

Whether speech is going to be delivered before one or one hundred people, the speaker should:
a.
Concentrate on getting everything out quickly
b.
Imitate the mannerisms of great speakers
c.
Prepare their thoughts in advance
d.
Use their biggest vocabulary to sound educated

Answers

Answer:

C). Prepare their thoughts in advance.

Explanation:

A speaker aims to serve a specific purpose through his/her speech(to inform, to entertain, to convince, to motivate, etc.). In order to serve this purpose effectively by the end of the speech, it is very crucial to 'prepare the thoughts that the speaker wishes to convey in advance' as it helps him/her in organizing the thoughts in a logical order to ensure its efficacy. It also assists in analyzing whether the thoughts get along with each other and also keeps room for creativity which can enhance its impact and make the purpose more successful. Thus, be it one or one hundred people, it is important for a speech to be prepared in advance and hence, option C is the correct answer.

Answer:

C). Prepare their thoughts in advance.

Explanation:

e d g e

A seller put her house and lot on the market for $200,000. After receiving several offers within $5,000 of her asking price, the seller entered into a contract to sell the house and lot to a buyer for $200,000. The contract provided that the buyer put up $4,000 in earnest money, which the seller could treat as liquidated damages unless: The seller fails to tender marketable title to the buyer by the agreed-upon closing date, the seller commits a material breach of this contract, or the buyer dies prior to the closing date, in which case the earnest money shall be reimbursed to the buyer's estate. The contract was signed on July 24, and the closing date was set for September 12. On August 5, the buyer was seriously injured in an accident. On September 10, the buyer was released from the hospital in a wheelchair. He determined that a ranch-style house would make his life much more bearable, but the seller's home was two stories. The buyer asked the seller to cancel the contract and to refund the $4,000 earnest money. The seller refused. The buyer did not appear on the closing date. On September 16, the seller contracted to sell the home to a purchaser for $198,000. The closing occurred as planned on October 20. The buyer files suit against the seller, praying for a refund of the $4,000 earnest money. How much is the buyer likely to recover

Answers

Answer:

$0

Explanation:

Both the buyer and seller agreed upon the amount that would be deposited as earnest money and what would happen to it in case the sale wasn't closed. The amount is not unreasonably large compared to the purchase price (2% only) and that represents a fair amount for the damages suffered by the seller. The seller is not responsible for the things that happened to the buyer.

Although today’s Modern economy looks much different compared to our earlier Colonial and Civil War-era economies, what similarities do you still see in terms of trade partners, use of environmental resources, government regulation, and type of goods/products sold?

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

Although today’s Modern economy looks much different compared to our earlier Colonial and Civil War-era economies, the similarities I still see in terms of trade partners, use of environmental resources, government regulation, and type of goods/products sold are the following.

Businesses are still business no matter the time in history. They are created to make profits.

Businessmen are greedy most of the time, like in the past. Any other consideration that does not directly affect the balance sheet or the bottom line, is not considered a priority and takes the back seat when business decisions are made.

This can be shown in politics, in the economy, and in business. Of course, this can be seen in trade and in foreign affairs.

Social costs should be important but are more on the side of the ethics of the managers or leaders of the organizations. And ethics and moral values are not a prominent thing to be considered in the decision-making process of modern corporations.

To this day, businesses are driven by money, power, and control, and these have been teh causes of major differences between companies, states, individuals, and countries.

QUESTION 13
Primary data is
to gather than secondary data.
a. less costly and more difficult
b. costlier and more difficult
c. less costly and less difficult
d. costlier and less difficult

Answers

Answer:

a....the answer

Explanation:

hope its helpful

Imagine that you earned $14,425 in one year. If the government enforces a
15% income tax, how much money would you owe in taxes at the end of the
year? Show your work.

Answers

Answer:

you would owe 2163.75 in taxes

Explanation:

Answer:

$2,163.75

Explanation:

The way to solve this multiply 14425 by the decimal form of 15%.

You always move it two to the left.

So 0.15

Then multiply

14425 • 0.15

2163.75

So you would owe $2,163.75

Hope this helps

two ways in which young entrepreneurs can benefit from the National Youth Development Agency​

Answers

South Africa's National Youth Development Agency has launched the Ithubalentsha Micro Enterprise Programme, which will provide young aspirant and established entrepreneurs with training, mentorship, micro-enterprise finance, market linkages and access to business opportunities.

Which of the following statements is correct about planning a successful conversion to Lean/Just-in-time operations. Multiple choice question. Management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles. Conversion should be accomplished quickly, not gradually, to realize the maximum benefit. When converting a production line, begin at the start and progress to the end of the line. Vendors should be converted to JIT delivering first, before implementing in the Buyer's organization.

Answers

Answer:

Management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles.

Explanation:

A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;

I. A total quality management (TQM): it is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.

II. A continuous improvement (CI): it is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.

III. Just-in-time (JIT): it is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.

Additionally, lean production is a manufacturing methodology that is focused on integrating activities that are designed to provide massive quantity with high quality production using minimal resources, raw materials, finished products and work-in-process features.

This ultimately implies that, lean production is basically a supply management process aimed at elimination of waste as much as possible and it requires a mutual agreement between the management and employees, as well as proper training of the employees (workers) before implementing the conversion.

Hence, the statement which is correct about planning a successful conversion to Lean/Just-in-time operations is that both management and employees must be convinced of benefit and receive training prior to conversion to avoid obstacles.

Regardless of what consumers want and what producers can provide, scarcity is a problem that will continue to be a part of our economy.


True

False

Answers

I think the answer for this statement is true but I’m not sure

Answer:

The answer is A or True for EDGE 2021

Explanation:

Threadless (Strategy Highlight 5.2.) is a community-centered online apparel store that leverages user-generated content. The idea is to turn consumers into prosumers, a hybrid between producers and consumers. Members of the Threadless community do most of the work, which they consider fun: They submit T-shirt designs online, and community members vote on which designs they like best. The designs receiving the most votes are put in production, printed, and sold online. It can be said that Threadless uses the _____ technique.

Answers

Answer: Crowdsourcing Technique

Explanation:

The crowdsourcing technique is a technique that seeks information, opinions and ideas from a group of people who belong to a particular target market.

Like the name implies, it is usually done by engaging a “crowd” to source for ideas, and information for a particular project or goal.

Crowdsourcing aims to reduce cost while gaining insight into the intelligence and creativity of the target market.

Like the Threadless community, the target market may be unaware of the work they are putting in but they get the desired product at the end so they see crowdsourcing as fun and satisfying.

Why are performance reviews important to workers and employers?

Answers

It can help them get a raise and a good reputation for better job opportunities.

On January 1, Year 1, Can Corporation distributed Sec. 1231 land with a market value of $300,000 and an adjusted basis of $205,000 under a plan of partial liquidation under the Sec. 302(b)(4) rules. The distribution was made to individual shareholder Clem, who had owned 40% of Can since it was founded. Clem’s stock interest redeemed in the partial liquidation had a basis of $140,000. What are the amount and the character of gain/loss that Can should recognize on the distribution?

Answers

Answer:

1231 gain of $95,000

Explanation:

Calculation to determine the amount and the character of gain/loss that Can should recognize on the distribution

Using this formula

Amount of gain/loss =Market value of land -Adjusted basis

Let plug in the formula

Amount of gain/loss= ($300,000 - $205,000).

Amount of gain/loss=1231 gain of $95,000

Therefore the amount and the character of gain/loss that Can should recognize on the distribution will be 1231 gain of the amount of $95,000

Generational accounting: Select one: a. is a method of assessing the impact of fiscal policy lags from one generation to another. b. measures the number of generations it takes to pay off the national debt at a given point in time. c. evaluates the impact of current fiscal policies on different generations in the economy, including future generations. d. is an accounting method that defers to the future, the cost of any government policy the rewards of which will be reaped in the future.

Answers

Answer:

c. evaluates the impact of current fiscal policies on different generations in the economy, including future generations.

Explanation:

Generational accounting would be classified as a forecasting method that deals how the present fiscal policies would affect the future generations.

Also at the same time it would evaluate the affect related to the present fiscal policies for various generations in the economy

Therefore the option c is correct

And, the rest of the options would be incorrect

_ is also known as coolant and is found in liquid-cooled engines.

Answers

Answer:

anti freeze or water

Explanation:

could be either one just depends on the context

What are the causes of corruption and fraud in the public sector​

Answers

Answer: All before-mentioned forms of corruption occur in the public sector, including bribery, embezzlement, illicit enrichment, trading in influence, and abuse of functions (which can involve favouritism and nepotism).

Explanation:

Answer:

•Country size.

•Country age.

•Resource curse.

•Political instability.

•Wages.

•Lack of rule of law.

•Failure of governance.

•Size of government.

Experience indicates that strategic alliances Multiple Choice are generally successful. work well in cooperatively developing new technologies and new products but seldom work well in promoting greater supply chain efficiency. work best when they are aimed at achieving a mutually beneficial competitive advantage for the allies. stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals.

Answers

Answer:

stand a reasonable chance of helping a company reduce competitive disadvantage, but very rarely form the basis of a durable competitive advantage over rivals

Explanation:

Of course, a rival company is free and could also make its own strategic alliance. Hence, there is no durability in competitive advantage (ca) if a company based its hope on only forming strategic alliances.

For example, an older company that partners with a new transport/logistics  company in order to reduce its cost of transportation (thereby assuming to increase ca), while also increasing the brand awareness of the logistics may be shocked when its major does a similar partnership with another logistics firm.

does anyone here know anything about like witchy stuff, like spells and stuff​

Answers

Answer:

There are many religions that revolve around witchcraft. A modern pagan religion, called 'Wicca', have some spellbooks. Earthbound (a store) sells some spellbooks. I'm sure you can find some online too.

Explanation:

Extra note- you can actually learn a lot about witchcraft on TikTok. It can teach you about spells, charms, etc.

Which option should be used to commit a record in an Access table?

Press Esc.
Select Undo.
Press Ctrl+Z.
Move to a new record.

EDGE

Answers

Answer:

D)Move to a new record.

Explanation:

this is what I narrowed it sown to

edg 2021

Answer:

the answer is D

Explanation:

edge 2022

The Corbit Corp. sold merchandise for $10,000 cash. The cost of the goods sold was $7,590. The journal entries to record this transaction under the perpetual inventory system would be

a.

Cash 10,000
Sales 10,000
Cost of Goods Sold 7,590
Inventory 7,590
b.

Cash 7,590
Sales 7,590
Cost of Goods Sold 7,590
Inventory 7,590
c.

Cash 10,000
Sales 10,000
Cost of Goods Sold 10,000
Inventory 10,000
d.

Cash 10,000
Inventory 10,000
Cost of Goods Sold 7,590
Sales 7,590

Answers

Answer:

a. Cash 10,000

Sales 10,000

Cost of Goods Sold 7,590

Inventory 7,590

Explanation:

Based on the information given if the company

sold merchandise for the amount of $10,000 cash in which The cost of the merchandise sold was the amount of $7,590. The appropriate journal entries to record this transaction under the perpetual inventory system would be to Debit Cash for $10,000; Credit Sales for $10,000 and to Dr Cost of Goods Sold for $7,590; Credit Inventory for $7,590.

Dr Cash 10,000

Cr Sales 10,000

Dr Cost of Goods Sold 7,590

Cr Inventory 7,590

How should the headings of a resume be formatted so that they are clear and easy to find?
a. bold and italicized
b. capitalized and bold
c. underlined and italicized
d. capitalized and underlined

Answers

Answer: Capitalized and bold

Answer:

B. capitalized and bold

Explanation:

Please mark my answer as the Brainiest!!!

Got it correct on Edge.

why is Africa called plateaus of plateu?​

Answers

Answer:

Africa is called the plateau continent because almost the entire continent is raised above sea level and drops sharply off at the coast.

Explanation:

sana makatulong ❤❤

Answer:

continent because almost the entire continent is raised above sea level and drops sharply off at the coast.

Explanation:

Bill was severely injured by an uninsured driver. Bill did not purchase uninsured motorists coverage, and the other driver, although held liable, could not pay the damages awarded. After exhausting other sources of recovery, Bill learned that his state is one of a few states that has a special fund to compensate innocent accident victims. These state funds are called
A) guaranty funds.
B) unsatisfied judgment funds.
C) rainy-day funds.
D) second injury funds.

Answers

A guarantee funds.........

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