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I have always subscribed to the "Pay Yourself First" mantra. The reason is because bills/expenses will always be a part of your life. You will always have someone or some entity asking for money. Whether it is family, utility company, car/insurance payments or charity, you will always have something to spend your money on. If you are always spending your money, you will never have any for future needs. The way this is achieved is by having deductions or direct deposits from a paycheck. This way money is automatically saved. It can't be spent if it is not easily accessible.
Now that you have established an automatic savings program, how much cash is enough? The normal rule of thumb is six months worth of expenses. Let's say you spend $1,500 per month on living expenses. This equates to $9,000 in savings.
How does Ben's age affect his decision to get an MBA? What other, perhaps nonquantifiable factors affects Ben's decision to get an MBA? Assuming all salaries are paid at the end of each year, what is the best option for Ben from a strictly financial ..
1 which of the following is not one of the activities shown on the statement of cash flows?accounting
To finance a sofa for his new apartment, Caleb signed a contract to pay for the sofa in six equal installments. What type of consumer credit is Caleb using?
Illustrate how your venture would perform by estimating the revenue and expense to calculate operating profit or loss. Include estimates of your venture's main sources of revenue and the expenses expected in the main cost categories such as the co..
What aspect of a business firm's operations is reflected in its ratio of cost of goods sold to net sales? In its ratio of net sales to total assets?
Compute of cost of services with the use of linear programming equations and for what number of checks per month will the Smart Checking plan costs less
Compare and contrast the theories of absolute and comparative advantage.- How does the Heckscher-Ohlin (HO) theory build on the earlier work of absolute and comparative advantage?
Explanation of All Other Assumptions - Include an explanation of all other assumptions related to future operating performance including costs, margins, efficiency, capitalization, etc. Note: All assumptions used in the forecast need to be explai..
Calculate the equivalent annual costs for selling the new machine and for selling the old machine. Assume inflation is 0%.
compare and contrast mutual and stockholder-owned savings and loan
The required return is 10%. At what price should Key Marketing Corporation's stock be selling in the market?
Refer to the situation described in BE 7-14. Assume the sum of estimated future cash flows is $26 million instead of $30 million.
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