Business, 14.12.2019 23:31 jasminespets

Step one: create a budget. you can use a spreadsheet, budget software, online budget tools, or a pencil and paper. remember, to create a budget, you enter income and calculate the total, enter the expenses and calculate the total, and subtract the expenses from the income.

step two: it is now the next month, may. the spencers have spent money and earned another month's worth of income. update your budget with the following expenses in may. keep the original expenses.

expenses may
short-term savings $0
long-term savings $0
rent/insurance $700
car payment $350
utilities $140
tv/cable $100
cell phones $100
clothing $230
entertainment/recreation/eating out $260
credit card (balance=$1200) $50
miscellaneous expenses $130
in what areas did the spencers overspend? what changes would you make to their spending?

step three: you probably noticed that the spencer family is not putting money in their savings account. this would be a good idea since their financial goal is to buy a house. make adjustments to the budget so that they have money going into short-term savings.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 19:20

Which of the following accurately describes a surplus? a. consumer demand for a certain car is below the number of cars that are produced. b. the production costs for a certain car are below the sale price of that car. c. a reduction in the cost of steel enables a car company to reduce the sale price of its cars. d. a car company tries to charge too high a price for a car and has to reduce the price. 2b2t

Answers: 1

Answer

Business, 21.06.2019 20:00

Which financial component is a mandatory deduction from your gross pay? a. sales tax b. social security tax c. health insurance d. disaster relief fund (drf) e. voluntary deduction

Answers: 1

Answer

Business, 22.06.2019 08:10

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Answers: 1

Answer

Business, 22.06.2019 08:40

Calculate the cost of each capital component—in other words, the after-tax cost of debt, the cost of preferred stock (including flotation costs), and the cost of equity (ignoring flotation costs). use both the capm method and the dividend growth approach to find the cost of equity.calculate the cost of new stock using the dividend growth approach.what is the cost of new common stock based on the capm? (hint: find the difference between re and rs as determined by the dividend growth approach and then add that difference to the capm value for rs.)assuming that gao will not issue new equity and will continue to use the same target capital structure, what is the company’s wacc? e. suppose gao is evaluating three projects with the following characteristics.each project has a cost of $1 million. they will all be financed using the target mix of long-term debt, preferred stock, and common equity. the cost of the common equity for each project should be based on the beta estimated for the project. all equity will come from reinvested earnings.equity invested in project a would have a beta of 0.5 and an expected return of 9.0%.equity invested in project b would have a beta of 1.0 and an expected return of 10.0%.equity invested in project c would have a beta of 2.0 and an expected return of 11.0%.analyze the company’s situation, and explain why each project should be accepted or rejected g

Answers: 1

Answer

You know the right answer?

Step one: create a budget. you can use a spreadsheet, budget software, online budget tools, or a pe...

Questions