The first step in creating a budget is to identify your expenses. true or false.

Answers

Answer 1

Answer:

Answer: True

Explanation:

Yes, the given statement is true that the initial or the first step of creating a proper budget we always create a list and then identify our expenses according to the specific requirement.

We should always keep the all the financial records regularly so that we can make the proper budget list of the expenses. The budget is basically depend upon the individual living requirement, expenses and the income.

Answer 2

Answer:

The answer is True. Hope this helps

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Eve earns $68,000 per year as a lecturer. Each year, she spends $36,000. In addition, she gives $1,000 to charity and pays $16,000 in taxes. Of the money she has left, she saves $13,000 and invests $2,000 in the stock market. Calculate her personal savings rate. Round to the nearest whole percentage point.
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Which of the following is not a disadvantage to cash advances on a credit card? a. Cash advances are similar to loans in that they need to be paid back with interest. b. Cash advances require a lot of paperwork and are generally difficult to get. c. Cash advances are often the last thing to be paid when paying off your credit card. d. Cash advances often come with an interest rate much higher than your credit card.

Answers

the correct answer is B. Cash advances require a lot of paperwork and are generally difficult to get.

just did the test, A. was wrong

The statement that is not a disadvantage to cash advances on a credit card is that (A) Cash advances are similar to loans in that they need to be paid back with interest. When you ask for a cash advance, it is a service provided by most credit card and charge card issuers. This will become a credit limit.

The following data is available for Metlock, Inc. at December 31, 2020: Common stock, par $10 (authorized 26000 shares) $234000 Treasury stock (at cost $15 per share) $1200 Based on the data, how many shares of common stock are outstanding?

Answers

Answer:

23,400 shares

Explanation:

The total number of authorized shares is 26,000, but that doesn't mean that all these shares have been issued or are outstanding. The total number of shares issued = shares outstanding + treasury stock.

Since the shares must be recorded at par value in the common stock account, we need to divide the total value of the account by the par value of each share = $234,000 / $10 = 23,400 shares

A legitimate commercial program should provide information in regard to all of the following except ___________.Select one:
a. staff training and education
b. the risks of their products or program
c. program outcomes
d. personal testimonials

Answers

A legitimate commercial program should provide information in regard to all of the following (staff training and education, the risks of their products or program, and program outcomes) except personal testimonials. The correct answer is D.

Best Buy believes that giving employees in the Results Only Work Environment (ROWE) program the freedom to schedule their own work time is the most effective way of meeting both organization and employee goals. The four functions of management involved in ROWE include all of the following exceptA. controlling.B. financing.C. planning.D. leading.E. organizing.

Answers

Answer: Option (B)

Explanation:

There are four main functions of a management involved in the Results Only Work Environment program. These are as follow: leading, planning, controlling and organizing. These functions tend to play a vital role in the establishment of an organization, so as they can achieve their objectives and goals. Therefore, we can state that financing is not one of the main functions of a management.

Consider the $50,000 excess cash.Assume that Gary invests the funds in a one year CDa.What is the CD s value at maturity( future calue)if it pays 10 percent(annual) interest?

b. What will its future value be if the CD pays 5 percent interest? If it pays 15 percent interest?

Answers

By calculating interest at 10% for 1 year on CD
Interest = 50,000 * 10 * 1/100
Therefore future value = 50,000 + Interest
= 55000

Similary at 5%, future value is 52500
and at 15%, future valuer is 57500

Banks operating on the basis of ___ ___ are vulnerable to panics or runs

Answers

Banks operating on the basis of fractional reserve banking are vulnerable to panics or runs. Fractional reserve banking refers to the practice of banks holding only a fraction of their deposits as reserves and lending out the rest.

This system allows banks to make profits by charging interest on loans, but it also means that banks have a limited amount of cash available to meet the demands of depositors who wish to withdraw their funds.

In the event of a panic or run on the bank, where many depositors try to withdraw their funds at once, the bank may not have enough reserves to meet these demands and may be forced to close.

To know more about Fractional reserve ,refer to the link:

brainly.com/question/31551719#

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