0
What else can I help you with?
Olivia needs to provide a visual summary of expenses to management. She chooses a system that shows different levels for the expenses based on filled in sections. What did she create?
bar graph
What are the components of your budget?
The components of a budget typically include income, fixed expenses, variable expenses, and savings or investment allocations. Income encompasses all sources of revenue, such as salary or business profits. Fixed expenses are regular payments that remain constant, like rent or mortgage, while variable expenses can fluctuate monthly, such as groceries and entertainment. Finally, savings and investments set aside a portion for future needs or financial growth.
What percentage of business income should go to rent?
Percentage of business income should not be used to decide rent. Business needs and desires should be used to calculate rent. You could be making hundreds of thousands of dollars working out of a home office.
Is the income that people save?
Income that people save refers to the portion of their earnings that is not spent on consumption or expenses. This saved income can be set aside in various forms, such as bank accounts, investments, or retirement funds. Saving is essential for financial security, enabling individuals to prepare for future needs or emergencies. It also plays a vital role in the overall economy by providing funds for investments and growth.
David needs to create a new spreadsheet that will help him determine the payroll deductions for each employee. Which function would he use when he wants the spreadsheet to decide a deduction based on?
nested IF statement
Steven is trying to save for a new car. What does he need to create to help him decide how much of his income needs to be used for expenses and how much he can save?
He needs to set up a written budget.
What can you use to help decide how much of my income needs to be used for expenses and how much i can save?
Budget
Why Steven is trying to save for a new car. What does he need to create to help him decide how much of his income needs to be used for expenses and how much he can save?
Steven is trying to save for a new car to replace his old vehicle, which has become unreliable and costly to maintain. To help him decide how much of his income can be allocated for savings versus expenses, he needs to create a detailed budget. This budget should outline his monthly income, fixed expenses (like rent and utilities), variable expenses (like groceries and entertainment), and his savings goals for the new car. By analyzing these factors, Steven can determine an appropriate savings plan that aligns with his financial situation.
Steven is trying to save for a new car what does he need to create to help him decide how much of his income needs to be used for expenses and how much you can save?
Steven should create a budget that outlines his monthly income and expenses. This budget will help him identify fixed costs (like rent and utilities) and variable expenses (like groceries and entertainment). By tracking these, he can determine how much money is left over to allocate towards his savings for the new car. Additionally, setting a savings goal and timeline will help him assess how much he needs to save each month.
Which of the following methods for estimating retirement income needs assumes retirement expenses will be some fixed proportion of your preretirement needs?
The replacement ratio method assumes retirement expenses will be a fixed percentage of preretirement needs, typically ranging from 70-80%. It is calculated by dividing desired retirement income by preretirement income.
Does the child support lower if new spouse needs support?
Generally, no. It is based on your income and not your expenses.
Olivia needs to provide a visual summary of expenses to management. She chooses a system that shows different levels for the expenses based on filled in sections. What did she create?
bar graph
What methods for estimating retirement income needs assumes retirement expenses will be some fixed proportion of your preretirement needs?
The replacement ratio method assumes that retirees will need a certain percentage of their preretirement income to maintain their standard of living in retirement. Typically, 70-80% of preretirement income is suggested for this method. It is based on the assumption that some expenses may decrease in retirement, such as commuting costs, but it doesn't consider individual circumstances, like healthcare expenses or lifestyle choices.
What are three things in a financial budget?
A financial budget typically includes income, expenses, and savings. Income refers to all sources of revenue, such as salaries or investments. Expenses encompass fixed costs like rent and variable costs like groceries. Savings represent the portion of income set aside for future needs or emergencies.
How do you get a loan after Ch7?
A loan does not have to be given by anyone, ever. There are no prohibitions on giving a loan to someone.Considerations...for you (and it certainly is for the loan officer):Need is simple, repayment isn't.He needs to have (more than enough) income to pay me back.If he is having trouble withs expenses that should be taken care of by his income are what he needs money for, a loan isn't income of any type....it only increases expenses, and makes his situation worse.He may not have understood that the cash is entirely offset by the obligation and the income the lender makes on it is an added expense to him instead of reducing expenses when he had to before. When he went in debt before, the debt didn't produce income for the creditors and it wasn't repaid.
How much income do I need to retire comfortably?
The amount of income needed to retire comfortably varies depending on your lifestyle, expenses, and retirement goals. However, a common rule of thumb is to aim for a retirement income that is 70-80 of your pre-retirement income. It's important to consider factors such as inflation, healthcare costs, and any debts you may have when determining your retirement income needs. Consulting with a financial advisor can help you create a personalized retirement plan.
What is a review hearing on child support?
The judge needs to review visitation and parental income to decide if a change in CS should be made.
