What are the main purposes of a budget

Assignment Help Finance Basics
Reference no: EM131485871

Question: 1. What are the main purposes of a budget?

2. How does a person's life situation affect goal setting and amounts allocated for various budget categories?

3. What relationship exists among personal financial statements, budgeting, and achieving financial goals?

4. Describe some common money management mistakes that can cause long-term financial concerns.

Reference no: EM131485871

Questions Cloud

Team performance is very popular in organizations today : Team performance is very popular in organizations today. Explain what makes a good team and what are the values of team performance?
What are the main purposes of personal financial statements : Jan Franks has liquid assets of $6,300 and monthly expenses of $2,100. Based on the liquidity ratio, she has months in which living expenses could be paid.
Inspiration motivation-intellectual stimulation : Transformational leadership is often described as containing 4 I's-- inspiration motivation, intellectual stimulation, idealized influence, and individualized.
Recommendation for an additional source of data : Analyze the types of internal records used to support health care marketing applications and make at least one recommendation for an additional source of data.
What are the main purposes of a budget : How does a person's life situation affect goal setting and amounts allocated for various budget categories?
What are the risks that firms aim to mitigate : What are the risks that firms aim to mitigate when internationalizing their business and how the different internationalization stages
What are the three major money management activities : The Nollin family has budgeted expenses for a month of $4,560 and actual spending of $4,480. This would result in a budget SURPLUS or DEFICIT (circle one) of $?
Obtain the types of information : If you wanted to obtain the following types of information, check the box for the document that you would find most useful.
Firm building on its customer base to use new products : Threadless is an example of a firm building on its customer base to use new products and also to participate in the design and vetting of popular designs.

Reviews

Write a Review

Finance Basics Questions & Answers

  Prepare a table to summarize the preceding transactions

Expert Consulting Services Corporation was organized on March 1, 2010 by two former college roommates. The company provides computer consulting services to small businesses.

  Annuity-certain which paid

At time t = 0 an investor purchased an annuity-certain which paid her £10,000 per annum annually in arrear for three years. The purchase price paid by the investor was £25,000.

  Is your broker right

You decide to follow your finance professor's advice and reduce your exposure to Hannah. Now Hannah represents 15% of your risky portfolio, with the rest in the Natasha fund. Is this the correct amount of Hannah stock to hold?

  Transaction of creating the dividend

Which of the following comes closest to the amount that Kelly gets to keep from this transaction of creating the dividend if the tax rate on capital gains is 20%?

  Helen bowers owner of helens fashion designs is planning to

cash budgetinghelen bowers owner of helens fashion designs is planning to request a line of credit from her bank. she

  What is the projected net present value of the new project

The company's cost of equity is 15.5 percent while the aftertax cost of debt for the firm is 6.1 percent. What is the projected net present value of the new project?

  Find the covariance of the cash flow with the market return

Find the covariance of the cash flow with the market return and its cash flow beta.

  The theory of purchasing power parity states

The theory of purchasing power parity states that, between two nations, the :   interest rates are higher for stronger currencies currency of country with higher inflation would appreciate relative to currency of country with lower inflation

  What is the return on equity for each firm if the interest

vanderheiden press inc. and the herrenhouse publishing company had the following balance sheets as of december 31 2002

  How many yen should you expect in exchange

how many yen should you expect in exchange for one U.S. dollar next year? a. More than 100 b. Either 100 or more than 100 c. 100 d. Either 100 or less than 100 e. Less than 100.

  Further assume that todays required rate of return on

assume that whirledcom has an issue of 15-year 1000 par value bonds that pay 6 interest semi annually. further assume

  Conch republic electronics is a mid-sized electronics

1.conch republic electronicsa.what is the irr of the project?b.what is the npv of the project based on the required

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd