BUSINESS HIGH SCHOOL

Which is the last step in making a personal budget?A. Add up all sources of income.

B. Reduce expenses in flexible catorgories.

C. Check interest rates on loans.

D. Catorgorize different expenses.

Answers

Answer 1
Answer: The last step in making a personal budget is to reduce expenses in flexible categories. The correct option among all the options given in the question is option "B". Under normal circumstances, a person cannot make the adding up all sources of income as the last step. Then the expenses will not get added. The flexible expenses are expenses that can always be reduce or are not important expenses. The basis of making the budget is to reduce those unnecessary expenses. So the last step should always be to find ways to reduce the flexible or unwanted expenses.
Answer 2
Answer:

Final answer:

The final step in creating a personal budget is reducing expenses in flexible categories. This allows for adjustments to ensure your income meets or exceeds your expenses.

Explanation:

The last step in making a personal budget is B. Reduce expenses in flexible categories. Establishing a personal budget involves many steps, beginning with identifying all sources of income. However, creating the budget does not end there. The next step is categorizing different expenses, followed by keeping track of these expenses. Then, after considering the interest rates on any loans, a budget can be modified to reduce expenses in flexible categories to make sure that outflows do not exceed inflows. This last step allows more room for savings and debt reduction.

The last step in making a personal budget is to reduce expenses in flexible categories. This involves analyzing your spending habits and identifying areas where you can cut back or make adjustments. By doing this, you can ensure that your budget aligns with your financial goals and helps you manage your money effectively.

Learn more about Personal Budget here:

brainly.com/question/34112905

#SPJ11

Related Questions

Harold and Zack have pooled their money together to buy real estate but have filed no formal papers to form a business. Harold, a lawyer, handles all the legal matters and Zack, a real estate broker, finds buyers for the property they have subdivided. Harold and Zack are engaged in a:a. partnership. b. close corporation. c a limited liability company. d. business trust.
The economy of Estonia has been successful due to a large amount ofa. capital. b. workers. c. government control. d. traditional values.
robert is creating a newsletter in word and needs to have the ultimate flexibility on the placement of images and text. which component is treated like an image but still allows free-flowing text?
Which of the following is a principle of the US economic system? A. Freedom from tyranny B. Consumer sovereignty C. Right to bear arms D. Government regulation
It is early in the year, and Keesha would like to start saving money for next year’s holiday presents. What type of account should Keesha open?

A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the following concepts cannot be illustrated by this model?

Answers

Answer:

A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. The following concepts can not be illustrated by this concept:

  • the flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing.

Explanation:

  • A Production Possibilities Frontier also known as the Production Possibility Curve or Transformation Curve. This curve illustrates a country or a business is utilizing its resources effectively by showing the point at which that country or business is producing its products efficiently.
  • This curve is unable to tell you the flow of dollars between the seller and buyers of goods of a business or a country.
  • It only tells us about the production of goods not the flow of cash.

Answer: The answer is inflation

Explanation:

Production possibility curve is the locus of points showing the various combination of two commodities that can be produced using the available resources and the available technology. The production possibility curve is a analytical tool which explained the problem of making a choice and opportunity cost., it is used to explain that the cost of producing a particular commodity is the amount of another commodity that must be sacrificed. The production possibility curve can be used to explain the following economic concept

Opportunity cost : This is cost of sacrificing one commodity for the other.This is the alternative forgone in order to produce that commodity.

Full employment : The point on the curve is used to indicate when the country is having full employment or when the country is having an efficient use of resources

Unemployment : The point inside the curve is used to indicate when the country is having unemployment or when such a country is having inefficient use of resources.

Economic growth : The outward shift of the curve indicate that the country is having economic growth, it is used to show when there is an increase in output per head in an economy.

Investment : The production possibility curve is also used to explain when there is increase in investment in the country, in the sense that, investment occurs when more capital goods and fewer consumer goods are produced.

However, The production possibility curve cannot be used to explain the concept of inflation in an economy of a country. In the sense that, in the period of inflation the taste and desires of consumers are not correctly influenced by the prices of goods and services, during inflation less of goods and services are purchased by consumers because inflation reduced their purchasing power.

A developer buys the last five vacant lots in a subdivision and constructs a large, expensive home on each lot. The homes sell for what are record-setting high prices for the area. The owners of the older, lesser-valued houses in the neighborhood may find that the values of their homes are affected by what principle

Answers

Answer:

Progression

Explanation:

Progression in real estate occurs when the property in a given area improves in value as a result of more expensive property bring built in the area.

This is one major way real estate appreciates in value. Some property owners wait for others to develop the area and naturally their own property appreciates in value.

In this scenario the developer buys the last five vacant lots in a subdivision and constructs a large, expensive home on each lot. The homes sell for what are record-setting high prices for the area.

Recommend two aspects you would include when preaparing a flyer

Answers

Two aspects that would be the most important in preparing a flyer are :

- The Color
Flyers are created to attract people awareness, which means that their color must attract a lot of attentions.

- The Layout Style
Maximize the usage of Flyer layout without making it look to crowded in order to give the most efficient amount of informations

What makes a checking account more conveniant than a savings account?A. You pay smaller fees on a checking account

B. You earn more interest with a checking account.

C. You can use a credit card access your money 24 hours a day.

D. You can spend your money without having to withdraw cash first.

Answers

"You can spend your money without having to withdraw cash first" makes a checking account more convenient that a savings account. The correct option in regards to the given question is option "D". In savings account it is never possible to spend money first without having to withdraw cash first. It is also not right to say that checking account holders earn more interest than a savings account holder. The checking account is simply like a current account and so there is no chance of earning more interest than the savings account. The checking account allows numerous withdrawals and unlimited deposits while this is not possible with a savings account.

I agree= I would also go with D

describe at least three potential subjects of negotiations in which a project manager would participate for a project.

Answers

As a project manager, there are several potential subjects of negotiation that a project manager may encounter throughout the course of a project.

Explanation

Here are three examples of  several potential subjects of negotiation which a project manager may encounter throughout the course of a project


1. Scope of Work: The scope of work for a project may change throughout its lifecycle due to various factors . In this case, negotiations may be necessary to re-evaluate the scope of work.


2. Budget Allocation: Budget allocation is an important aspect of any project. Project managers may have to negotiate with stakeholders to allocate additional funds if the project requires more resources than initially estimated.


3. Resource Allocation: Resource allocation negotiations are essential to ensure that all resources are used efficiently and effectively. Project managers may have to negotiate with stakeholders for additional personnel, equipment, or materials to complete the project.

To learn more about "Potential subjects of negotiation" visit: brainly.com/question/27599974

#SPJ11

true or false for the best control of both the accelerator and brake pedals rest the heel of your foot on the floor??

Answers

FALSE!
the accelerator and the break pedal, the heel of the foot should remain on the floor.
It should not leave the floor and your left leg/ foot needs to be out of the way while you are operating your vehicle. 
Other Questions
Market speculation resulted in which of the following? a. Stocks became overvalued. c. People were afraid to withdraw money from the market. b. Stocks became undervalued. d. People mainly used cash to buy stock.
on january 1, 2016, the holloran corporation purchased a machine at a cost of $55,000. the machine was expected to have a service life of 10 years and a $5,000 residual value. the straight-line depreciation method was used. in 2018 the estimate of residual value was revised from $5,000 to zero. depreciation for 2018 should be:
Which of the following best describes the relationship between factory owners in the North and people in the South during the late 1800s?a. Northern factory owners depended on the South for factory workers to produce goods. b. Northern factory owners depended on resources supplied by Southerners to maintain production. c. The South supplied large amounts of money Northern factory owners needed to expand production. d. People in the South did not support Northern factory owners because the boom ...
What happens to the equilibrium price when supply goes down? A. The price goes up. B. The price goes down. C. The price stays the same. D. The price goes up, and then goes down.