Think about the money you spend every day. You probably spend the most money at or near the beginning of each month. How...
Think about the money you spend every day. You probably spend the most money at or near the beginning of each month. However, after all the bills are paid, you have what are often referred to as discretionary funds. That’s money you can spend any way you wish. Please tell us on what types of things you spend that extra-or discretionary-money? How will learning the Quicken software help you determine whether you have discretionary funds, and if so, how much each month?
Homework Answers
The type of things that I spend that extra-or discretionary-money are things like entertainment expenses (movies, theatres, art exhibitions etc.), eating out, holidays, etc. All these are non-essential spending by me or in other words are spending that is on things other than necessities like food, cloth and shelter.
Learning the Quicken software will enable me and help me to determine whether I have discretionary funds and what is the quantum of those discretionary funds. The Quicken software will allow me to do budgeting in a holistic manner and I will be able to build a budget that incorporates my essential spending. The budget will determine my savings for each month and the amount left for discretionary spending each month. Quicken software will enable me to track my purchases and expenses and hence I can easily determine the size and balance of my discretionary funds each month after adjusting my income for the budgeted and actual purchases and spending on essential items. I will be able to create a periodical budget (monthly usually) and will be able to organize my expenses into fixed heads and discretionary heads. Quicken Starter Edition enables one to track his/her expenses by having different categories of expenses like housing, utilities, long term savings, healthcare, entertainment etc. I can also create my own category if there is a need to do so. I will then be able to examine my cash flows along with the payment schedules and this will finally help me to determine whether I have discretionary funds and what is the quantum of those discretionary funds.
Add Answer to:
Think about the money you spend every day. You probably spend the most money at or near the beginning of each month. How...
6. Minute Maid wants to know the average money consumers spend on juice every month with...
6. Minute Maid wants to know the average money consumers spend on juice every month with 95% confidence (-1.96), and with the sampling error to be $3. Assume that a good estimate of the population standard deviation is $10. Calculate the sample size. (5 pts) Enter the sample size here: 7. Suppose you want to learn how many people have intentionally installed pirate software Due to the sensitive nature of this question, you decide to adopt a method you learned...
After learning about how money is created, what do you think about the fractional reserve system that we have here...
After learning about how money is created, what do you think about the fractional reserve system that we have here in the US and is used around the world? Explain. If you could change something in the fractional reserve system, what would it be? What do you think the impact of this change would be on the macro economy?
Summarize the article and how does it relate to time value of money The finance department...
Summarize the article and how does it relate to time value of money The finance department and CFOs are getting closer and closer to the marketing department, and for once, it’s not because marketing is asking for more budget. Here’s why your CFO peers are shifting into digital strategy, how they’re interacting with the marketing department and what your organization can do to increase alignment. The Time Value Of Money Investing, at its very core, is about patience. You put...
questions 4-7 4) You are depositing $2000 in a 36-month CD that pays 3.5% interest each...
questions 4-7
4) You are depositing $2000 in a 36-month CD that pays 3.5% interest each year. How much interest will you accrue if you hold the CD until maturity? Show work 5) You have $12,000 excess cash to invest, after you fully funded your emergency fund. A 9,500 T-bill can be purchased (maturing to value at $12,000 after one year), or you can buy three --$4000 CD that can be purchased with a guaranteed 9% return after 12 months....
When we talk about whether there is prosperity or not, we are generally talking about the...
When we talk about whether there is prosperity or not, we are generally talking about the amount of the gross domestic product that goes to each person. Standard of living, meanwhile, refers to the extent to which the economy in a region enables the production of and purchase of goods and services. The financial system, meanwhile, is the group of institutions dealing with savings and borrowing of money, made up of financial markets and financial intermediaries. The stock and bond...
3. How much money will Mr. & Mrs. Ahmad have to deposit per month to allow...
3. How much money will Mr. & Mrs. Ahmad have to deposit per month to allow Abdullah to attend American University? How much money will have to be deposited per month to allow Abdullah to attend the British University? (HINT: To answer this question you need to consider the costs of ALL four years.) 4. What is the relationship between the amount that must be deposited monthly by the parents and the future increases in both tuition and living expenses?...
Interpersonal Communication Subject! Advice Column Assignment - Guidelines If you’ve perused a newspaper before, you’re probably...
Interpersonal Communication Subject! Advice Column Assignment - Guidelines If you’ve perused a newspaper before, you’re probably familiar with the various advice columnists (“Dear Abby” comes to mind) who help out distraught individuals in managing any number of interpersonal crises in his/her life. This assignment is divided into two parts: One where you'll be assuming the role of the letter writer who presents the problem, and another where you'll play the role of the actual advice columnist and respond to letters....
If you want to have $87654 in the bank at the end of 10 years and you get a 3% interest rate per year. How much money do you need to deposit each month if a) monthly compounding? b) semi-annual compou...
If you want to have $87654 in the bank at the end of 10 years and you get a 3% interest rate per year. How much money do you need to deposit each month if a) monthly compounding? b) semi-annual compounding? c) quarterly compounding? d) daily compounding?
You will see that I'm asking you to think of yourself as president of the Pepsi...
You will see that I'm asking you to think of yourself as president of the Pepsi Corporation. The key in the following situations is to determine what to do with the price of Pepsi based on your understand of price elasticity of demand. So, read each of these scenarios one by one and based on the information given decide if you want to raise, lower or leave the price of Pepsi the same. You don't have to be specific as to...
Case Study 815 Susan: What are you talking about? Kevin: I spent a good part of...
Case Study 815 Susan: What are you talking about? Kevin: I spent a good part of the day over at Foster and learned some interesting things. For example, do either of you remember what we told Foster the monthly volume requirements for the product would be? Bill: I remember exactly. The volumes were projected to be 2,500 units a month. So what's the problem? Kevin: We need to talk with our production group more often. The monthly volumes are now...
6. Minute Maid wants to know the average money consumers spend on juice every month with 95% confidence (-1.96), and with the sampling error to be $3. Assume that a good estimate of the population standard deviation is $10. Calculate the sample size. (5 pts) Enter the sample size here: 7. Suppose you want to learn how many people have intentionally installed pirate software Due to the sensitive nature of this question, you decide to adopt a method you learned...
After learning about how money is created, what do you think about the fractional reserve system that we have here in the US and is used around the world? Explain. If you could change something in the fractional reserve system, what would it be? What do you think the impact of this change would be on the macro economy?
questions 4-7
4) You are depositing $2000 in a 36-month CD that pays 3.5% interest each year. How much interest will you accrue if you hold the CD until maturity? Show work 5) You have $12,000 excess cash to invest, after you fully funded your emergency fund. A 9,500 T-bill can be purchased (maturing to value at $12,000 after one year), or you can buy three --$4000 CD that can be purchased with a guaranteed 9% return after 12 months....
Most questions answered within 3 hours.
-
The hammer throw is a track-and-field event in which a 7.2-kg
ball (the ''hammer''), starting from...
asked 15 minutes ago -
Evaluate a specific listening situation using the Sapir-Whorf
and Bernstein hypothesis. What was thecontext? What was...
asked 22 minutes ago -
Recall that if X is a Student’s t random variable with n df,
then by definition...
asked 39 minutes ago -
A charge of -2.95 µC is fixed in place. From a horizontal
distance of 0.0470 m,...
asked 37 minutes ago -
Consider the following information:
Your company makes widgets. You are trying to figure out what
volume...
asked 38 minutes ago -
Math 333 Plz help ASAP
The yield of a chemical process is being studied. From previous...
asked 55 minutes ago -
Cobb-Douglas Preferences: Cobb-Douglas preferences on the
consump-
tion set R2+ can be represented by a utility...
asked 50 minutes ago -
In your experience, what are some of the barriers to the
successful implementation of a project?...
asked 54 minutes ago -
1. A normal distribution has a mean of
μ = 60 and a standard deviation
of...
asked 56 minutes ago -
The size of your Social Security benefits is determined by:
(select all that apply) Question 1...
asked 1 hour ago -
Starch polymers are broken down by enzymes into monomers
called:
a.)maltose
b.) dextrins
c.) glucose
d.)...
asked 1 hour ago -
How does HA (High Availability) work and name two ways it can
help an organization?
asked 1 hour ago