Financial planning and budgeting are not the same. Financial planning involves setting goals and creating a plan, while budgeting is a specific part of financial planning that focuses on managing income and expenses.
No, financial planning and budgeting do not mean the same thing.
Financial planning refers to the process of setting goals, analyzing financial resources, and creating a plan to achieve those goals.
It involves considering factors such as income, expenses, investments, and savings to make informed decisions.
On the other hand, budgeting is a specific part of financial planning.
It focuses on creating a detailed plan for managing and allocatingincome and expenses. Budgeting helps individuals or organizations track their spending, manage debt, and save for specific goals.
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A chisel bar is a versatile tool that is primarily used to remove and shape materials. It can be used for fine sculpting of detailed pieces or the removal of waste material. It can also be used to fracture sturdy materials like concrete or brick.
A chisel bar is a versatile tool used for a variety of tasks. Primarily, it is used to remove material from surfaces and to shape certain objects. This can involve the removal of waste material from larger pieces of work, or the fine sculpting of detailed pieces. In addition, chisel bars are also commonly used for breaking up materials such as concrete or brick. For instance, when a wall needs to be demolished or renovated, a strong chisel bar can help fracture sturdy materials. In summary, a chisel bar is primarily used for shaping and removing materials.
Answer:
Plane and taxi expenses - $1,943
Lodging and incidental expenses - $3,360
Meals expenses - $720
Explanation:
Certain business expenses are fully deductible limited to the amount used for business purpose. Some such expenses are travel expenses (air or roadways), lodging and other commutation charges. Expenses on meals are 50 percent deductible.
Chastin spends 4 days vacationing. So expenses incurred during that time are not deductible under business expenses.
He was conducting business for 8 days. Proportional amount of plane and taxi expenses will be deductible under business expenses as calculated below:
Plane and taxi expenses (Proportion for business) = 8 / 12 = 0.67
12 are total number of days for which expenses were incurred and 8 out of 12 days were for business purpose.
Deductible Plane and taxi expenses = 0.67 × 2,900 = $1,943
Lodging and incidental expenses = $420/day
Deductible lodging and incidental expenses = 420 × 8 = $3,360
Meals expenses = $180/day
Deductible meal expenses = 180 × 8 × 0.5
= $720
Only 50% of meals expenses are deductible under business expenses.
Answer:
Explanation:
5 characteristics of project:
change - projects are used to change an existing process. For example, project to improve the performance of existing software will bring change in working of software
temporary - project is temporary, it is held to achieve some results or bring change and has a completion time
cross-functional - it involves people from various departments and backgrounds
uncertainty - every project has an element of uncertainty. There are no guarantees
unique - there are no absolutely similar projects
b) negative supply shock
c) positive supply shock
d)negative demand shock
B) negative supply shock
The correct answer is the
Federal Trade Commission
:)
Answer:
No
Explanation:
As we know that
Return on investment = Net income ÷ Investment
where,
Net income is
= Sales - variable expense - fixed cost
= $100,000 - $60,000 - $40,000
= $0
And, the asset investment is $150,000
So, the return on investment is
= $0 ÷ $150,000
= 0%
The required return on investment is 25%
So, the new project should not be accepted as the return on investment is 0%