Discuss why budgeting is so critical to financial success and what it forces you to do
What will be an ideal response?
Answer: Budgeting is critical in allowing you to save more than you spend.
It forces you to do the following:
1. Use restraint when purchasing items or obtaining/using credit.
2. More carefully consider what you spend your money on.
3. Live below your means.
4. Be frugal.
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Nonprofit corporations are also called ________
A) eleemosynary institutions B) Subchapter C corporations C) alien corporations D) private corporations
When different team members contribute to a report, have each writer review the entire draft
Indicate whether the statement is true or false
Vargas Company uses the perpetual inventory system and the FIFO cost flow method. During the current year, Vargas purchased 400 units of inventory that cost $15.00 each. At a later date during the year, the company purchased an additional 800 units of inventory that cost $18.00 each. Vargas sold 500 units of inventory for $27.00. What is the amount of cost of goods sold that will appear on the current year's income statement?
A. $7,800 B. $4,500 C. $6,000 D. $5,700
Javier has just finished collecting data about the texting habits of students during their lunch hour. He used both online surveys to ask the students about their texting behavior, as well as observational techniques in the cafeteria. What is the next step in the marketing research process for Javier to begin?
A. Reporting research results B. Selecting the research method C. Interpreting research findings D. Designing the research project E. Refining the research issue