Which of the main components of money management involves creating a plan for spending and saving during particular time periods, such as a year, month, or week?

A. financial records

B. personal financial statements

C. budgeting

D. filing taxes

Answer:

The importance of scale is given below.

Explanation:

Reviewing related party transactions is a way to ensure that these transactions are properly recorded and reported in the financial statements accuracy of assets is an important step in the audit process.

The auditor must review all related party transactions and confirm that the transactions were recorded accurately and in accordance with the terms of the agreement. This includes confirming that the amounts reported are consistent with the amounts agreed upon in the related party agreements.

Additionally, the auditor must ensure that the related party transactions are recorded in accordance with the applicable accounting standards.

This may involve reviewing supporting documents such as contracts and invoices to ensure that the amounts reported reflect the actual amounts incurred.

Additionally, the auditor must ensure that the related party transactions are properly classified in the financial statements, as this can have a material impact on the accuracy of the reported financial statements. By performing these procedures, the auditor can ensure that the financial statement accuracy of assets is verified.

Know more about audit process here

https://brainly.com/question/8821587#
#SPJ11

Answer:

$4,000

Explanation:

The computation of break-even is shown below:-

Contribution margin ratio = (SP per unit - VC per unit) ÷ SP per unit

= ($20 - $13) ÷ $20

= 35%

Break-even sales dollars = Total Fixed Costs ÷ Contribution margin ratio

Break-even sales dollars = $1,400 ÷ 35%

= $4,000

Therefore we applied the above formula.

Hence, the break even sales in dollars is $4,000

Answer:

False

Explanation:

There are several methods that businesses use to determine the price of goods and services. The most common one involves first calculating the cost of production or the cost of goods sold.  The desired markup is added to the cost. Other methods include the break-even analysis, target prices, and going by the market rate.

In all these methods, the price is determined selling starts. It means the price is set before selling starts. Therefore,  income cannot be generated before a price is determined.

Correct reply is A trial balance is a proof of the equality of debits and credit in a established ledger.

To take a look at the arithmetical accuracy of books of account, path stability is prepared. Both the aspects of trial stability i.e. debit and credit score need to have the equal total. This equality proves that the books are arithmetical correct. Trial stability can be organized on a ordinary intervals.

For each and every transaction, a debit is recorded with a corresponding credit. Multiple money owed can be affected by way of a single transaction, however there need to be at least two bills concerned and debits will always equal credits.

Learn more about equality of debits and credits here:

Answer:

Annual Report

Explanation:

An annual report is a document that public corporations are required to provide to their shareholders each year that describes their operations and financial conditions. The report's front section frequently contains an impressive combination of graphics, photos, and an accompanying narrative, all of which chronicle the company's activities over the previous year and may also make predictions about the company's future. The report's back section contains detailed financial and operational information.

Answer:

and the standard price paid for direct materials multiplied by the actual quantity of direct materials purchased

Explanation:

The formula to calculate the material price variance is

Material price variance is

= (Standard price - actual price) × actual quantity

Based on the above formula, the above statement represent the formula of the material price variance

Hence, the same is to be considered

Answer: Procastination, not being innovative

Explanation:

There many characteristics that are not traits of a successful entrepreneur;

- Laziness and procastination; an entrepreneur is one who doesn't give in easily regarding laziness or procastination

- Inability to innovative; what makes an entrepreneur standout is innovation most times, doing things differently from the rest leads to success

Answer:

Ambiguous

Explanation:

You don't need to be ambiguous to be be successful.

Answer:

Companies typically know the gross profit margin they need to pay back their expenses and generate positive net income and cash flow. Once your company knows the cost of sales (cost of goods and services sold) of a particular product and the Gross Profit Margin Target it wants, it can easily employ a GPMT strategy.

To determine the value of the firm's fixed costs, we need to identify the cost that does not change with the level of output (Q). In this case, the fixed costs remain constant regardless of the quantity produced.

Looking at the given data, we can observe that the total cost increases as the quantity (Q) increases. However, the difference between the total costs for different levels of output is not consistent, which suggests the presence of variable costs.

To isolate the fixed costs, we can look at the total cost when the output is zero (Q = 0). According to the data provided, when Q = 0, the total cost is $100. This means that even when no units are produced, the company incurs a cost of $100. Therefore, the value of the firm's fixed costs is $100.

Fixed Costs = Total Cost at Q

= 0

= $100

The value of RM Motors' fixed costs is $100. These costs remain constant regardless of the quantity produced.

To know more about fixed costs visit :

https://brainly.com/question/30057573

#SPJ11

Answer:

Explanation:

Answer:

to withdraw money from a savings account

Explanation:

The document appears to be a  savings withdrawal form. The words Withdrawal are clearly visible, implying it is used when making withdrawals.

To withdraw is the removal or get money from a savings or checking account. Customers use the withdrawal form when they need to get money from their accounts. They need to fill in the amount required in words and figures and signs in the appropriate place. The customer then hands over the form to a teller.

Rent amount, payment deadlines, a grace period, and late fines. Way of paying rent. procedures for terminating the Agreement prior to its termination date and any costs that may be assessed. The security deposit's sum and account details.

Time expiry: The Lease shall expire at the expiration of the Time Period mentioned in the Lease. A specified event is a situation where a lease term condition is dependent on the occurrence of a certain event. Interest: The lease will expire if the lessor loses interest in renting out the property.

Even after the lease has ended, you are not required to leave the premises. Unless you or your landlord take specific action to end the lease, it will automatically renew on the same terms. If your landlord doesn't give you a notice, you don't have to do anything.

Learn more about lease: https://brainly.com/question/29216664

#SPJ1

Equilibrium GDP occurs when the quantity of output that buyers want to purchase.

The Equilibrium GDP occurs  where the aggregate expenditure line crosses the 45-degree line, that represents the set of points where aggregate expenditure in the economy is equal to output or national income.

Equilibrium GDP occurs when the quantity of output that buyers want to purchase is the quantity of output that suppliers want to produce, where  GDP is equal to total expenditure.

To know more Equilibrium GDP here,

https://brainly.com/question/17152667

#SPJ1

Take a closer look at the fourth section, interest in today's trading. No one could agree on the effects of the fluctuations can you make about how people viewed the effects of the stock market fluctuations.

Trading entails more active engagement in financial markets than investing, which is based on a buy-and-hold approach. The capacity of a trader to be successful over time is critical to trading success. A trader is someone who engages in the buying and selling of financial assets in any financial market. He or she can purchase or sell for himself or herself or on behalf of another person or organization. The primary distinction between an investor and a trader is the length of time in which the asset is held.

To know more about trading visit the link

https://brainly.com/question/8153289

#SPJ4

The hazards or side effects are not disclosed by these celebrities.

Adverse reactions and side effects are unwanted side effects that may be brought on by a drug. The severity of side effects can range from minor inconveniences like a runny nose to potentially fatal situations like a heart attack or liver damage.

a side effect of a medication or other sort of treatment that goes above and beyond the intended outcome. The majority of side effects eventually disappear on their own and can either be harmful or beneficial.

Constipation.

Dermatitis or a skin rash.

Diarrhea.

Dizziness.

Drowsiness.

mouth arid

Headache.

Insomnia.

To Know more about Constipation.

https://brainly.com/question/4648095

#SPJ4

Answer:

A) $10,195

Explanation:

This can be calculated as follows:

Amount in Account "B" = $12,850.25

Remaining balance after moving $2,500 from Account "B" to account "A" = Amount in Account "B" - $2,500 = $12,850.25 - $2,500 = $10,350.25

Amount moved from account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" * 1.5% = $10,350.25 * 1.5% = $155.25

Balance after moving 1.5% of the remaining balance in account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" - Amount moved from account "B" to account "C" = $10,350.25 - $155.25 = $10,195

Therefore, the correct option is A) $10,195.

Answer:

People start their own businesses for a variety of reasons. Some people may be looking to take control of their professional lives and create a career path that is tailored to their individual goals. Others may have an idea that they believe could be successful and have the entrepreneurial drive to make it happen. Starting a business can also provide an opportunity to make a living while doing something that you are passionate about. Additionally, many people start businesses in order to create a financial legacy and provide for their families. Ultimately, the reasons for starting a business vary from person to person but often involve a combination of professional, financial, and personal goals.

Explanation:

Answer-people should start their own business it has many reasons.

 I think it is more flexible because we can work in our own hours and we can spend more times without family and friends and we can do whatever with think we don't need to work under someone else and we can make rules what we want there is no need to work under someone else and there will be no boundation of timings like this I think there's a lot of reason and profit to start our own business instead of working under someone others business so I think it will be a great plan to start our own business it will be more profitable.

Thank you

that's all.

Answer:

$6,825.00

Explanation:

50x$130=$6,500.00

$6,500 × 5% = $325.00

$325.+$6,500=6,825.00

1346

llvllf,tgrmgtopmopmtoptrmomopgtmopwgmg

Answer:

A.) balance

C.) physical strength

D.) stamina

F.) unafraid of heights

NOTE: if it's easier for you numbered, the answer are numbers 1, 3, 4, and 6.

Answer:

C : debit to Service Charge Expense of $20

Explanation:

The complete journal entry used to record this transaction would be:

March 17, 202x, sales revenue

Dr Cash 980 (assuming the transaction is processed automatically)

Dr Service charge (or Credit card) expense 20

    Cr Sales revenue 1,000

Since the credit card company is charging you a 2% commission ($20), we must consider it an expense. Remember that all expenses must be debited.

Answer:

People do not balance their checkbook on a monthly basis.

Explanation:

I just took the test

A compensation strategy is an essential tool for any organization to attract, retain, and motivate employees. Key aspects of a compensation strategy include:

Internal equity: Ensuring that the pay structure is fair and consistent within the organization based on job responsibilities, skills, and experience levels.

External competitiveness: Benchmarking salaries against industry standards and competitors to ensure that the pay rates are competitive enough to attract and retain top talent.

Performance-based pay: Linking employee compensation to their performance through bonuses, incentives, and merit-based increases.

Benefits: Providing a comprehensive benefits package that includes healthcare, retirement plans, paid time off, and other perks that improve employee satisfaction and well-being.

Communication: Transparent communication with employees about the compensation structure and how it aligns with the company's overall goals and objectives.

Flexibility: Offering flexible work arrangements, such as remote work options and flexible hours, can also be an important aspect of a compensation strategy.

By implementing a sound compensation strategy that addresses these key aspects, organizations can attract and retain top talent, improve employee engagement and motivation, and ultimately drive business success.

Learn more about strategy here:

https://brainly.com/question/31383817

#SPJ11

The economy with the lowest opportunity cost of producing a particular good is said to have a comparative advantage.

When a particular economy has the lowest opportunity cost of producing a good, it is referred to as having a comparative advantage.

Opportunity cost is defined as the cost of choosing one alternative over another. It is the value of the benefits foregone from choosing one alternative over another.

Production Possibility Frontier (PPF) is a curve that represents the maximum amount of goods and services that a country can produce within a given period. PPF represents the trade-off between producing different goods.

Comparative advantage is a concept used in economics to explain the benefits of international trade. It states that when countries specialize in producing goods that they have a comparative advantage in, there is a net gain for all countries involved.

Comparative advantage is based on the idea of opportunity cost. An economy has a comparative advantage in producing a particular good if it has a lower opportunity cost of producing that good compared to another economy.

For example, if an economy can produce 10 units of wheat or 5 units of corn with the same resources, while another economy can produce 10 units of wheat or 2 units of corn with the same resources, the first economy has a comparative advantage in producing corn.

This is because the opportunity cost of producing corn in the first economy is lower than the opportunity cost of producing corn in the second economy.

In conclusion, the economy with the lowest opportunity cost of producing a particular good is said to have a comparative advantage. This concept helps to explain the benefits of international trade and the importance of specialization in producing goods.

A country with a comparative advantage can produce more goods and services and trade with other countries to benefit from the gains from trade.

For more such questions on comparative advantage

https://brainly.com/question/2827889

#SPJ8

UTMA Account does not grow tax deffered in nature.

UTMA refers to Uniform Transfers to Minors Act

The term UTMA  refers to the law which  allows any minor to receive gifts without the help of a guardian or any trustee. Gifts can include different types of items such as  money, real estates, patents, royalties, and fine art.

An UTMA account allows the giver of the gift or any appointed custodian to manage the minor's account until the minor becomes  of age  of 18. It also protects the minor from tax consequences on the gifts, up to a specified value.

To know more about UTMA account here:

https://brainly.com/question/17257578

#SPJ4

Option d is correct. All the options are true about firms organized along functional lines except none of the above.

When we set up our businesses along functional lines, we would divide up our employees into several teams or divisions according to their unique skill set. After then, each group or division is only required to manage one particular aspect of the operation, leaving the other aspects in the hands of the other groups or divisions.

Workers will then gain significant functional expertise in their particular activity, but they won't be able to effectively communicate with or share knowledge with other groups. The personnel will become considerably more proficient at performing that task as time goes on if they are trained to do it repeatedly. This implies that their level of productivity will rise (exploitation of economies of scale.)

Know more about communicate here:

https://brainly.com/question/22558440

#SPJ4

Answer:

I believe it’s line structure

Explanation:

Answer:

true

Explanation:

The equation that Jeremy can  use to determine the amount of raisins in the trail mix will be C. 1.5r + 2.5(5 - r) = 10.50

Let r = the amount of raisins

Let p = the amount of peanuts

The equation will be:

r + p = 5 ...... i

1.5r + 2.5p = 10.50

From equation i, p = 5 - r .. iii

Equation iii will be substituted into ii

1.5r + 2.5p = 10.50

1.5r + 2.5(5 - r) = 10.50

In conclusion, the correct option is C.

Learn more about equations on:

https://brainly.com/question/3764859

Answer:

no it depends the age and how good u are at your job.

Explanation: