Explain the steps in developing a cash budget
What will be an ideal response?
Answer: First, determine your anticipated income by referring to last year's adjusted income. Next, estimate your level of taxes to determine after-tax income available for living expenses. Add fixed and variable expense estimates together to determine your level of spending. Last, subtract living expenditures from expected take-home pay to calculate income available for savings and investment.
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With reference to price-oriented promotion, shelf "talkers" is best described by:
A) price signs posted on the shelf. B) instant pull-off coupons. C) end-of-aisle displays. D) coupon distribution in the retail store.
Psychological discounting involves setting an artificially high price and then offering the product at substantial savings
Indicate whether the statement is true or false