If you are implementing the envelope system, each pay period you put a set amount of funds into each envelope. What should those envelopes be based on?
A) Budget
B) Fake Numbers
C) Hypothesis
D) Bank Statement
E) Parental Advice
A) Budget
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Treasury stock or treasury shares are shares a firm has previously issued and later reacquired. Which of the following is/are not true?
a. Some firms believe that their own shares provide a good investment. b. Evidence supports the notion that share prices often increase after a firm announces a share repurchase program. c. Rather than pay dividends to all shareholders, many of whom will owe personal income taxes on the entire dividend amount, the firm can buy back shares from those who wish to receive cash. d. Some shareholders will have lower tax rates on receipts from sales of shares than on dividend receipts. e. Share repurchases use up available cash and thereby increase the attractiveness of the company to outsiders who believe that the stock buy back makes the company an attractive target.
The courts may grant a petition of involuntary dissolution if shareholders:
a. do not approve of fundamental changes of the board. b. show that the corporation has not kept adequate records or filed annual reports. c. did not receive their dividends. d. show that corporate assets are being squandered.
Many aspects of consumer buying decisions are affected by the individual's level of involvement. Level of involvement is
A. the importance and intensity of interest in a product in a particular situation. B. the buyer's perception, motives, and abilities. C. the amount of external search that an individual puts into the decision-making process. D. the particular circumstance or environment in which consumers find themselves. E. a combination of an individual's demographic factors.
Which of the following statements about Section 401(k) plans is true?
A) Elective salary deferrals to these plans are free of federal income taxation until the funds are actually withdrawn. B) These plans are exempt from rules that prevent discrimination in favor of highly compensated employees. C) There is no limit on the actual percentage of salary that can be deferred by highly compensated employees under a qualified plan. D) If an employee takes the funds made available to him or her in cash, the money received is not taxable.