List two ways to pay yourself first
What will be an ideal response?
Answer: You can easily use cash-management alternatives to automate your savings by having income automatically deducted from your paycheck and placed into savings.
You can be financially disciplined and set aside money from every paycheck, monetary gift, or other source of income. If money touches your hands, your first thought should be to set aside a percentage in an interest-bearing account. Pay yourself first!
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Why are retained earnings considered equity?
a) Because they are effectively additional investment in the company by existing owners b) Because they are effectively an investment in the company by new owners c) Because they come about when a bank agrees to exchange its loan for equity in the firm d) Because they come about when new owners buy ownership stakes from existing owners
Appurtenances go with the land. Which of the following is not an appurtenance?
a. Buildings. c. Fences. b. A swimming pool. d. A trade fixture.