Payment for direct materials purchases in January 2020 is $102,024.
To prepare a cash budget for Waterways Corporation for the first quarter of 2020, we need to estimate the company's cash receipts and cash payments for January, February, and March 2020.
Cash receipts:
a. Sales in January 2020: (114,000 units x $12/unit) = $1,368,000
b. Sales in February 2020: (114,000 units x $12/unit) = $1,368,000
c. Sales in March 2020: (116,000 units x $12/unit) = $1,392,000
d. Collections from December 2019 Accounts Receivable: ($183,600 x 85%) = $156,060
e. Collections from January 2020 Accounts Receivable: ($1,368,000 x 85%) = $1,162,800
f. Collections from February 2020 Accounts Receivable: ($1,392,000 x 15%) = $208,800
Cash payments:
a. Direct materials purchases in January 2020: [(114,000 units x 2 lbs/unit) x $0.80/lb x 105%] = $204,048
b. Direct materials purchases in February 2020: [(114,000 units x 2 lbs/unit) x $0.80/lb x 105%] = $204,048
c. Direct materials purchases in March 2020: [(116,000 units x 2 lbs/unit) x $0.80/lb x 105%] = $208,176
d. Direct labor cost in January 2020: (114,000 units x 12 minutes/unit x $6/hour / 60 minutes/hour) = $68,400
e. Direct labor cost in February 2020: (114,000 units x 12 minutes/unit x $6/hour / 60 minutes/hour) = $68,400
f. Direct labor cost in March 2020: (116,000 units x 12 minutes/unit x $6/hour / 60 minutes/hour) = $69,600
g. Manufacturing overhead in January 2020: (114,000 units x 12 minutes/unit x $0.30/labor hour) = $41,040
h. Manufacturing overhead in February 2020: (114,000 units x 12 minutes/unit x $0.30/labor hour) = $41,040
i. Manufacturing overhead in March 2020: (116,000 units x 12 minutes/unit x $0.30/labor hour) = $41,760
j. Selling and administrative expenses in January 2020: (114,000 units x $1.60/unit) + $94,100 = $282,740
k. Selling and administrative expenses in February 2020: (114,000 units x $1.60/unit) + $94,100 + $520,000 = $896,740
l. Selling and administrative expenses in March 2020: (116,000 units x $1.60/unit) + $94,100 + $520,000 = $908,740
m. Equipment purchase in February 2020: $520,000
n. Dividends paid each month: $2.30/share x 4,800 shares = $11,040
o. Payment for direct materials purchases in January 2020: ($204,048 x 50%) = $102,024
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What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation:
when transporting children, which item has not been recommended?
When transporting, it is essential to take all necessary safety precautions to ensure their well-being. This includes selecting appropriate child safety seats and following local laws and guidelines for securing them in vehicles.
However, one item that has not been recommended for transporting is the use of aftermarket seat covers. While seat covers may seem like a convenient way to protect car upholstery and make clean-up easier, they can actually compromise the safety of child safety seats. Aftermarket seat covers can interfere with the proper installation and securement of the child safety seat, which can increase the risk of injury in the event of an accident. Which could pose a fire hazard in the event of a crash. For these reasons, it is recommended that parents and caregivers avoid using aftermarket seat covers when transporting in vehicles.
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tom o'brien has a 2-stock portfolio with a total value of $100,000. $65,000 is invested in stock a with a beta of 0.75 and the remainder is invested in stock b with a beta of 1.42. what is his portfolio's beta? do not round your intermediate calculations. round your final answer to 2 decimal places. a. 0.98 b. 0.94 c. 0.90 d. 0.88 e. 1.15
Tom O'Brien's portfolio beta can be calculated using the formula:
Portfolio Beta = (Weight of Stock A * Beta of Stock A) + (Weight of Stock B * Beta of Stock B)
To get the weight of Stock A, we divide the value of Stock A by the total value of the portfolio:
Weight of Stock A = Value of Stock A / Total Value of Portfolio = $65,000 / $100,000 = 0.65
Similarly, we can get the weight of Stock B:
Weight of Stock B = Value of Stock B / Total Value of Portfolio = ($100,000 - $65,000) / $100,000 = 0.35
Now we can substitute these values in the formula to get the portfolio beta:
Portfolio Beta = (0.65 * 0.75) + (0.35 * 1.42) = 0.9475
Therefore, the detailed answer is that Tom O'Brien's portfolio beta is 0.9475, which rounds to 0.94 when rounded to 2 decimal places. The correct answer is option b.
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list your personal interest
Answer:
my interest is to reach conqueror in pubg mobile
An example of this operating expense is checkout counters.
1) Advertising
2) Fixtures
4) Rent
5) Equipment
Answer:
On EDGE it's A. Fixtures
Explanation:
The answers are listed wrong here for the edge question but it is fixtures for either.
how can organizations, and not just individual leaders, become models of servanthood? is it possible to practice servant leadership in a competitive corporate climate?
By highlighting the importance of having servant leadership principles and interacting with the community in a way that shows their concern for the public, a company may become a model of servanthood.
If you inspire your team, have outstanding communication skills, personally care about your team, promote cooperation and participation, and are dedicated to your team's professional development, you may be a servant leader. Servant leaders have the power to increase productivity and employee loyalty. The philosophy behind servant leadership is the desire to give back to and serve your community. By prioritising the needs of others, you enable individuals to do their best work. When community people witness your devotion and enthusiasm via your activities, they want to be associated with you.
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What caused the change in the yen's exchange rate? According to this graph, how has the yen's exchange rate changed?.
Answer: demand decreased
and
it has fallen
Explanation:
hope this helps <3
Decrease in demand has caused the change in the yen's exchange rate. Due to decrease in demand yen’s exchange rate has fallen.
What is exchange rate?The value of one country's currency in comparison to that of another or an economic region is known as the exchange rate. The majority of exchange rates are free-floating and fluctuate according to market supply and demand. There are some exchange rates that are restricted and not free-floating; instead, they are tied to the value of other currencies.
Exchange rates are typically either free-floating or set. Changes in the foreign currency market cause a free-floating exchange rate to rise and decrease. The value of one currency is linked to a set exchange rate. Spot rates, often known as cash values or market values, are one type of exchange rate that might exist. An exchange rate may also have a forward value, which is determined by predictions of the currency's future worth in relation to its current spot price.
Changes in the foreign currency market cause a free-floating exchange rate to rise and decrease. The value of one currency is linked to a set exchange rate. Spot rates, often known as cash values or market values, are one type of exchange rate that might exist. An exchange rate may also have a forward value, which is determined by predictions of the currency's future worth in relation to its current spot price. For example, USD stands for the United States dollar, while EUR stands for the Euro. EUR/USD is the currency pair that represents the dollar and the euro. It's USD/JPY, or dollar to yen, in the case of the Japanese yen. A conversion rate of 100 means that one dollar equals 100 yen.
One notable example of a nation with a restricted rate structure is China. The Chinese yuan is a currency that the government also controls. The Chinese government decides on a midpoint value for the currency each day, which gives the yuan a trading range of 2% from the midpoint.
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PLEASE HELP ME
My career is a traveling nurse
Answer:
Step by step explanation
The prices for all kinds of fish sold in Eastville's downtown Old Market are much lower than the prices charged at uptown seafood stores. Old Market vendors buy fish of similar quality from the same wholesalers and at the same prices as uptown vendors do. Therefore, since Old Market fish vendors' businesses are as profitable as those uptown, the volume of the Old Market vendors' daily fish sales must, on average, be higher.
Which of the following, if true, most strengthens the argument given?
A. People who buy fish at Old Market stores generally have lower incomes than do those who buy fish from uptown seafood stores.
B. Some varieties of fish that are not available at Old Market stores can be found occasionally at uptown seafood stores.
C. Vendors at the old Market save on energy costs by keeping fish on ice instead of in refrigerated cases.
D. Many of the people who live in uptown Eastville prefer to buy fish from the neighborhood stores.
E. Fish vendors at the Old Market do not, on average, have lower overhead costs than uptown vendors do.
Answer:
The most correct answer is D
what is the correlation between the stage at which an error is found and the comparative cost? select one.
The earlier an error is found the lesser the cost.
In the incorrect terminology, what does correlation mean?There may be more data in the data than has been used in the current model, according to correlations in the error terms. The correlation is known as autocorrelation when the observations are naturally ordered in a sequential fashion. Numerous factors can cause autocorrelation.
Describe the correlated model of variance.The variance model that we'll discuss today is one in which the errors are related to one another. Results within groups had a correlation in the model with random effects. Additionally, associated results from other regression applications exist (i.e. errors). Time series data, a typical model for financial applications, provides frequent examples of this type of inaccuracy.
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Using exponential smoothing, the demand forecast for time period 10 equals the demand forecast for time period 9 plus
a. a times (the demand forecast for time period 8) b. a times (the demand forecast for time period 9) c. a times (the error in the demand forecast for time period 9) d. a times (the observed demand in time period 9)
Using exponential smoothing, the demand forecast for time period 10 equals the demand forecast for time period 9 plus (B) a time (the demand forecast for time period 9)
Using exponential smoothing, the demand forecast for time period 10 is calculated by adding a proportion (represented by the symbol "a") of the difference between the forecast for time period 9 and the actual demand in time period 9 to the forecast for time period 9. So, the formula for exponential smoothing is:
Forecast for time period t = a * (Actual demand in time period t-1) + (1-a) * (Forecast for time period t-1)
In this case, we are trying to find the forecast for the time period 10, which means that t-1 is equal to 9. Therefore, the formula becomes:
Forecast for time period 10 = a * (Actual demand in time period 9) + (1-a) * (Forecast for time period 9)
Since we are using exponential smoothing, the forecast for time period 9 is also calculated using the same formula.
So, we can substitute the value of the forecast for time period 9 into the formula above and simplify it to get:
Forecast for time period 10 = a * (Actual demand in time period 9) + (1-a) * [a * (Actual demand in time period 8) + (1-a) * (Forecast for time period 8)]
Simplifying further, we get:
Forecast for time period 10 = a * Actual demand in time period 9 + (1-a) * a * Actual demand in time period 8 + (1-a) * (1-a) * Forecast for time period 8
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Suppose the equilibrium price of a product is $500 but the product currently sells for $200 above this equilibrium price. Who benefits from the price being set above the equilibrium price?
Producers who can sell the product benefit gets benefited from the price being set above the equilibrium price.
A price that balances supply and demand for a product. The market is in equilibrium when the major indices are going through a period of correction or sideways movement, indicating that the forces of demand and supply are essentially equal.
According to economists, prices often fluctuate around equilibrium levels. Market forces encourage sellers to go into production and increase production if prices rise too high.If prices are too low, more bidders will bid higher. Over time, these actions maintain a relative equilibrium level.
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FILL IN THE BLANK some entrepreneurs may spot an ____________ opportunity while studying abroad when a product available at home is not available where they are studying.
Some entrepreneurs may spot an entrepreneurial opportunity while studying abroad when a product available at home is not available where they are studying.
When studying abroad, entrepreneurs may come across a situation where a product or service that is commonly available in their home country is not accessible or readily available in the foreign location.
This creates a gap in the market, which can be seen as an entrepreneurial opportunity. Entrepreneurs who recognize this gap can identify the potential to introduce and provide the product or service in the foreign market.
Studying abroad provides entrepreneurs with a unique perspective as they are exposed to different cultures, consumer preferences, and market dynamics. They may observe a demand for a particular product that is not being fulfilled in the local market.
Recognizing this unmet need, entrepreneurs can leverage their knowledge and understanding of the product from their home country to introduce it to the foreign market, catering to the demand and filling the gap.
These entrepreneurial opportunities that arise while studying abroad often stem from the entrepreneur's ability to identify a specific product or service that has a potential customer base but is not currently available in the foreign market.
By capitalizing on this gap, entrepreneurs can create innovative solutions and tap into a new market, potentially leading to business success.
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Case Study #1
Dan is a 40 year-old with Spina-Bifida and inability to walk. He uses a wheelchair for mobility. He is unable to transfer from his chair and requires personal assistance for dressing, using the toilet and transferring from his chair. He has attempted to work several times, but has not held jobs due to a number of factors- transportation, time demands for dressing, eating and being transported to work. He currently is in a volunteer job with the sheriff's office doing routine filing and other clerical tasks. He has average intelligence, but lacks confidence due to low self-esteem, which has been reinforced, by his lack of success in employment.
1. Is he eligible for DVR services?
2. Is he eligible for Supported Employment?
3. Develop an outline for an IPE to address Dan's employment related needs.
4. List the extended ongoing support services he will need to maintain employment.
1. Is he eligible for DVR services?
Yes, Dan is eligible for DVR services. DVR stands for Disability and Rehabilitation Services. It is a federal program that provides employment-related services to people with disabilities. Dan's disability, Spina Bifida, would qualify him for DVR services.
2. Is he eligible for Supported Employment?
Yes, Dan is eligible for Supported Employment. Supported Employment is a type of DVR service that provides ongoing support to people with disabilities who are trying to find and keep jobs. Dan's need for personal assistance and transportation would make him a good candidate for Supported Employment.
3. Develop an outline for an IPE to address Dan's employment related needs.
An IPE is an Individualized Plan for Employment. It is a document that outlines the employment-related goals and services that a person with a disability will receive. An IPE for Dan would include the following:
Goals: The IPE would identify Dan's employment goals, such as finding a job, getting promoted, or starting his own business.
Services: The IPE would list the services that Dan would need to achieve his goals, such as job training, job placement, or transportation assistance.
Timeline: The IPE would set a timeline for achieving Dan's goals.
Evaluation: The IPE would include a plan for evaluating Dan's progress and making adjustments to the plan as needed.
4. List the extended ongoing support services he will need to maintain employment.
The extended ongoing support services that Dan will need to maintain employment include:
Personal assistance: Dan will need personal assistance to help him with dressing, using the toilet, and transferring from his chair.
Transportation: Dan will need transportation to and from work.
Flexible work schedule: Dan may need a flexible work schedule to accommodate his personal assistance needs.
Ongoing training: Dan may need ongoing training to keep his skills up-to-date.
Support from his employer: Dan will need support from his employer to be successful in his job. This may include providing him with a workspace that is accessible to his wheelchair and making sure that his co-workers are aware of his disability.
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3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200
~PLEASE HELP~
Why is it important to develop an idea of your potential career cluster now?
Answer:
It is important for you to get a idea what you would to be in because it is going to help you understand your purpose in life. It is going to help you choose the right college for you.
Explanation:
which market structure is defined by a single producer?
Answer:
Monopoly. A condition that has none of the requirements for a competitive market such as adequate competition, knowledge of prices and opportunities, mobility of resources, and competitive profits is called a(n)
Explanation:
Hope it helps
Callahan, inc. , sells a forward on ounces of gold to remove uncertainty regarding the revenue it will recognize when it sells its gold inventory. The forward represents a perfect cash flow hedge. When callahan settles the forward, it pays $100,000 to the counterparty. Required: what journal entry(ies) should callahan make prior to and at the settlement date?
Prior to the settlement date, Callahan Inc. should record the fair value of the forward contract as a journal entry, and at the settlement date, they should record the settlement by debiting the Gold Receivable and crediting Cash.
At the settlement date, Callahan Inc. should make the following journal entry to record the settlement of the forward contract:
Dr. Gold Receivable (or Forward Contract Asset) $100,000
Cr. Cash $100,000
The net effect of these journal entries is to record the fair value of the forward contract prior to settlement and then to recognize the cash settlement when it occurs.
By doing so, Callahan Inc. is able to remove uncertainty regarding the revenue it will recognize when it sells its gold inventory, as the gain or loss on the forward contract will offset any changes in the fair value of the gold inventory.
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A small business owner with an egalitarian view of race who nonetheless refuses to hire people of a minority race out of deference to her customers is practicing
Answer: discrimination without prejudice
Explanation: The owner respects her customer's practice against Latinos.
Which of the following is NOT an example of a job skill?
A. attending work every day
B. being good with computers
C. being creative
D. working well in groups
Answer:
attending work everyday
Explanation:
Its not a skill its a priority.
Some examples of a job skill are being good with computers, being creative or working well with a team but attending work every day is not a skill. Therefore a is correct here.
Why do job skills matter?Job skills are important because they are those collections of skills that can help a person to complete a work. There are various kinds of work skills such as workplace skills, technical skills, transferable skills etc.
Workplace skills are those personal skills that ensure that we do our job well, for instance, teamwork. Technical skills are those skills that are required for a specific job such as coding. And transferable skills are those skills which we take from one job to another.
Some of the skills required are communication, change management, professional development, storytelling, planning, influencing, decision-making, problem-solving, and human resources.
Job seekers should always be ready to learn new skills because employers prefer such employees.
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The forecasting method that is somewhat influenced by ALL the previous forecasts is:A. Infinite ForecastB. Exponential SmoothingC. Life-Cycle ForecastD. Multiple RegressionE. Naive Forecast
The forecasting method that is somewhat influenced by all the previous forecasts is (B) exponential smoothing
Exponential smoothing is a time series forecasting method that uses a weighted average of past observations, with the weights decreasing exponentially as the observations get older. Each forecast is based on the previous forecast and the difference between the forecasted value and the actual value, which is referred to as the forecast error. By incorporating all the previous forecasts through the forecast error , exponential smoothing can be considered as somewhat influenced by all the previous forecasts.
Therefore, the correct option is ( B ) exponential smoothing
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How does an entrepreneur demonstrate comfort with risk when launching a business?
Answer: There are five kinds of risk that entrepreneurs take as they begin starting their business. Those risks are: founder risk, product risk, market risk, competition risk, and sales execution risk. Founder risk considers who the founders of the company are, if they get along, and how they will work for the company.
Hope this helps......... Stay safe and have a Merry Christmas!!!!!!!! :D
Explanation:
suppose+you+purchased+a+stock+a+year+ago.+today,+you+receive+a+dividend+of+$16+and+you+sell+the+stock+for+$123.+if+your+return+was+14%,+at+what+price+did+you+buy+the+stock?
The amount received from the dividend is $16.
Let the purchase price be x dollars. The selling price is $123. The return of 14% is required, and we must determine the purchase price. If the profit is calculated, the selling price minus the purchase price will be obtained.
The profit will be equal to the amount received from the dividend as well. The given conditions may be represented by the following equation:14/100 x (x) + 16 = 123x = 100The price at which the stock was purchased was $100.
To calculate the price at which the stock was purchased, we must use the following formula: Return on investment (ROI) = (profit/initial investment) * 100Profit is calculated by subtracting the purchase price of the stock from the selling price of the stock. The return on investment is 14%.
Dividends received are also factored into the calculation of profit in this situation. We can use the following equation to calculate the purchase price:14/100 x (x) + 16 = 123x = 100 Therefore, the stock was purchased for $100. Because the selling price is $123, the profit will be $23. The dividend received is also $16. As a result, the return on investment (ROI) would be calculated as follows:(23 + 16)/100 = 39/100ROI = 39%
The purchase price of the stock can be calculated by using the formula ROI = (profit/initial investment) * 100. We can substitute the given values in the formula, which gives us the purchase price of $100. The profit in this case is $23, and the dividend received is $16. We can then calculate the return on investment, which is 39%.
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Which of the following is true of small business owners?
A. the work business owners do requires little physical stamina.
B. the business owner starts with a business plan.
C. the business owner need to know little about management and finance. D. it's easy for most business owners to find a marketable idea.
Answer:
B
Explanation:
I mean, hopefully, they made a business plan lol. If you don't plan out your business right, you'll have a hard time making it become successful without a good plan.
profiting from someone else’s work or taking it out of context without permission can be treated as a form of stealing and is legally termed __________.
Without authorization, using someone else's creation for financial gain or removing it from its intended context is known legally as "copyright infringement."
Copyright infringement refers to the unauthorized use, reproduction, distribution, or display of copyrighted material, such as literary works, music, films, photographs, or software. It involves using someone else's creative expression or intellectual property without obtaining the necessary rights or licenses.
Copyright laws grant exclusive rights to creators or owners of original works, allowing them to control how their works are used and distributed. These rights typically include the right to reproduce the work, prepare derivative works, distribute copies, perform the work publicly, or display it.
When individuals or entities engage in copyright infringement, they are essentially taking someone else's creative work and using it for their own gain without permission. This can harm the rights holder financially and undermine the incentive for creativity and innovation.
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What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?
Answer: The action button lets users play the audio file, the sound button will play an audio clip.
Explanation:
The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.
Select the correct answer from each drop-down menu.
Which two points must Ajay keep in mind when writing content for his web page?
Ajay is writing web page content for a county health department’s website. He should make sure that the text on the web page . He must also be careful to use a tone for the content
The points that must be kept by Ajay in mind when writing content for his web are key or important such that it establishes his professionalism and the interest of the department coupled with the fact that it is a matter of national interest. Hence the sentences are given below.
Ajay is writing web page content for a county health department’s website. He should make sure that the text on the web page . He must also be careful to use a tone for the contentWhat is content writing?Content writing is the art of writing, editing, and publishing content in a digital format. The content may be in form of blogging, video or podcast scripts, ebooks or whitepapers, press releases, product descriptions, page landing or social media.
Therefore, when Ajay is writing such, he needs to keep in mind the sentences identified above.
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Since Henry Ford first adapted the conveyor belts of grain factories to create an assembly line, there have been several modifications of that basic concept, each of which has made it possible for today’s manufacturers to produce goods from spaceships to cotton balls. Identify four significant new manufacturing process that rely on new technologies and the manufacturing subsectors they affect, and discuss at least one specific application in manufacturing for each technology.
Four new manufacturing processes include 3D printing, smart factory, IIoT, and virtual reality, these technologies have a positive impact in diverse sectors and are used for manufacturing
During the last years, the development of technology has produced different objects such as smart appliances, smartphones, smart cars that have changed people's lives.
These technological improvements have also revolutionized the way of manufacturing different objects because they have improved the design, production, and marketing processes of the products. Several developments that have contributed to the industry are:
3D printing: It is a development that allows manufacturing objects or parts in different materials derived from petroleum.
This technological advance affects the parts manufacturing sector in different waysIn a toy factory, this development allows creating the parts of the toys much easier and more efficientSmart factory: It is a technological development that allows improving the manufacture of objects through the use of digitized and connected machines to improve the production process.
This technological advance affects all manufacturing subsectors because it integrates all processes.In a car factory, this development allows the assembly of a car to be done automatically and efficientlyIndustrial internet of things (IIoT): It is a technological development that allows improving the manufacture of objects through the use of digital devices that work with artificial intelligence that perform a process and also analyze data to make productivity improvements.
This technological advance affects all manufacturing subsectors because it integrates all production processes.In a food factory, this development allows production, packaging, sealing, and other processes to be carried out completely in the best way.Virtual reality: It is a technological development that allows improving the manufacture of objects through the use of simulations that allows us to know previously how the performance of an object will be.
This technological advance affects the design and quality control process to evaluate the functionality of the manufactured object.In a high-end bicycle factory, it allows knowing the performance of the materials in different types of roads, climatic conditions, and situations.Learn more in: https://brainly.com/question/15689921
a company uses its company-wide cost of capital to evaluate new capital investments. what is the implication of this policy when the company has multiple operating divisions, each having unique risk attributes and capital costs?
A company uses its company-wide cost of capital to evaluate new capital investments, the implication of this policy when the company has multiple operating divisions, each having unique risk attributes and capital costs may lead to incorrect decisions
A company-wide cost of capital may either overestimate or underestimate a division's cost of capital. In such situations, a company should estimate the division's cost of capital separately to make accurate investment decisions. This approach requires an understanding of the risk-return profile of each division to determine the required return on investment. The division's risk profile must be assessed using a risk analysis, and its cost of capital must be calculated using the division's particular risk-adjusted WACC (Weighted Average Cost of Capital).
The division's cost of capital must be used to analyze and evaluate the projects. If the company is unwilling or unable to calculate the division's cost of capital, an alternative approach is to adjust the cost of capital for each division. However, the adjustment must be based on the estimated level of risk of the division and the overall risk of the company. Finally, the company should use an appropriate cost of capital for each investment opportunity rather than a company-wide cost of capital. So therefore when a company has multiple operating divisions with varying risk attributes and capital costs, using a company-wide cost of capital to assess new capital investments may lead to incorrect decisions.
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You have just been promoted at your job, and now you have a net income of $2,190. You would like to use this income to meet new financial goals. 1. Create a budget that will allow you to save at least $100 by the end of October. (10 points) Remember, your old budget reflected a net income of $1850.00 and included these expenses: • $600 for your rent • $475 for your car payment, car insurance, and gas • $230 for your utilities, phone, and Internet • $300 for your groceries • $50 for your entertainment • $20 for your renters insurance • $75 for discretionary spending • A final net total of $100 saved per month Your new budget needs to include these changes: • A new line to budget $50 per month toward a new computer • Other expenses may be modified as you choose. • A final net total of at least $300 saved per month
Answer: $300 saved per month
Explanation:
new budget $2,190.
rent $650car, insurance and gas $480utilities, phone and internet $250groceries $300entertainment $50rentals $30discretionary spending $80new line budget $50total $1890
final net total = \(2190 - 1890\\\)
= $300 saved per month
it say we need to save at least $300 per month, what this implies is that the minimum we can save is $300.
Answer:
300 per month saved
Explanation: