Explain the purpose of creating a budget?

Q: Meaning of economic

A: Like the other social sciences, Economics also involves the study of human interactions with each…

Q: What are the four phases the budget cycle?

A: The business cycle in economics is defined as in general the number of fluctuations in the basic…

Q: three types of business activities? Distinguish one from the other

A: Business activity can be considered as an economic activity and a profession at the same time.…

Q: Describe the steps you will take to create your financial plan and budget

A: We show the The first step is to define and agree on your financial goals and objectives.   A…

Q: Summarize the rise of consumer culture

A: Consumer culture refers to increasing consumption of commodities purchased as  a person's well being…

Q: hey i was doing my homework and i couldnt figure out the last question

A: Average total cost is the per unit cost incurred in producing a commodity.

Q: What is the budgetary procedure?

A: A government budget is a written agreement that details how much money will be generated, where it…

Q: what affects the way you spend money the most?

A: The way we spend money is influenced by a variety of factors. The most significant of these are…

Q: It is given that savings is $600 and income is $1300 Calculate APS

A: It is given that:- Savings of the household = $600 Income of the Household = $1300

Q: definition of products, goods and services

A: TO understand the definition of these terms, we need to understand that goods and products are used…

Q: Where did the $98 come from?

A: Deadweight loss can be described as the loss of total welfare or the social surplus because of…

Q: Find out sources of raw materials, production process, marketing strategies, and difficulties…

A: Sources of raw materials, production process, marketing strategies, and difficulties encountered in…

Q: What is size maximizing bureaucrat

A: The economies around the globe work with the major motive to increase their production, and…

Q: When you use money to purchase lunch, money is serving which role?

A: Money is economically important in three aspects. It is classified as an exchange medium. It is…

Q: According to many experts, most of the money in a typical budget should go toward what? a. Food b.…

A: Many experts have suggested a particular pattern of distribution for an individual's income.

Q: What is the sequence of events in a literary work?

A: Being able to be able to identify the event components like the beginning, middle, and end is known…

Q: In a business Finance/Budgeting situation, create a budget for month-long vacation trip to Australia…

A: The technique of controlling one's income and expenses in order to meet financial objectives is…

Q: Which project should be chosen? Why?

A: To calculate the benefit-to-cost ratio for both projects, we need to determine the total benefits…

Q: Why it is essential to focus on the customer when planning sales calls?

A: Sales call refers to the situation where the sales person is meeting with the potential customer…

Q: is how much of a product or service people are willing to buy at a specific price. Your answer…

A: Answer: (1). Quantity demanded is how much of a product or service people are willing to buy at a…

Q: Calculate the value of savings if APS is 0.45 and income is $1200

A: In the above question, we are given with the values as:- Average propensity to save = 0.45 Income =…

Q: A student decision about how to allocate his time between studying two subjects ?

A: A student is an individual.

Q: Matt and Bree are saving for a new car. At the end of 2013, their total savings was $12,500. In…

A: Matt and Bree are saving for a new car. At the end of 2013, their total savings was $12,500.In 2014,…

Q: I have placed every visual near the place I write about it. The reader can see the visual without…

A:

Q: Connor started with $10 and is saving $2 a week. Carlie started with $16 spending 1 a week. How many…

A: Present worth is a financial concept used to determine the value of future cash flows in today's…

Q: What makes housing and housing markets unique compared to other goods?

A: The Housing Market refers to the supply and demand for houses in a particular country or region in…

Q: The option or alternatives from which decision are made

A: Alternatives ought to reflect generously various ways to deal with the issue or various needs across…

Q: Read the article from the New York Times in the box below, and then answer the questions that…

A: The free market is a supply and demand-based economic structure, with little or no government…

Q: What are the two kinds of Indian budget?

A: Introduction - The French word "bougettee," from which the English word "budget" is derived, refers…