How does discretionary income affect your choices for wants and needs?

Q: How would you define profit planning? What is the importance of profit planning?

A: a) Profit planning is a progression of steps being taken to arrive at an ideal level of profit. Such…

Q: What is the significance of Personal Budgeting? What are the advantages and disadvantages of…

A: A personal budget is a financial plan for allocating and utilizing their personal income and…

Q: Please explain the meaning of differential income.

A: Concept of differential is generally used when there are two or more alternatives to choose upon.…

Q: variables cost

A: Variable cost is the cost that change according to sale or production volume.

Q: Why is NOPAT a better performance measure than net income?

A: NOPAT stands for Net Operating Profit After Tax. It refers to the organization's earnings before tax…

Q: Summarize the basic procedure of Net-Present-Worth Criterion?

A: Step 1: Initially ascertain the initial investment of the initial outlay amount (CF0). The initial…

Q: Explain the middle-income trap issue and elaborate the possible solutions to address the…

A: Traps:  There are various traps in finance and the economy, where individuals and countries can get…

Q: How incrising minimun wages affect compensation ?

A: Raising the minimum wage would make it more expensive to hire low-paid workers as it would be…

Q: What is intrinsic value or price?

A: Intrinsic value: Intrinsic value denotes to an investor's view of the intrinsic worth of an asset,…

Q: Cost of Money is influenced by different factors”. What are those? How the cost of money is…

A: The cost of money or cost of capital is the minimum return a project has to generate for being…

Q: What are the uses and limitations of economic data?

A: In this question, we need to explain the Economic data.   Economic data: The economic data indicates…

Q: What is passive income? Explain and give examples.

A: Passive Income  An income from a source which is somewhat diverse than  a contractor or an employer…

Q: What is profit contribution

A: The profit is calculated as difference between total revenue earned and total expenses incurred.

Q: How one determines where to borrow or not? What factor into the decision making process?

A: The act of borrowing money or the sum of money borrowed by an individual, company, government, or…

Q: Explain oF preparing what are the costs the Financiad inform

A: Financial reporting is the transmission of a commercial enterprise's published financial statements…

Q: How can a person apply the principles of valuation to their personal life?

A: The principles of valuation can be applied in a systematic and tangible manner in the personal life…

Q: What is nonpecuniary benefits?

A: The benefits which are not in monetary form are called as Non Pecuniary benefits. The notion that…

Q: How does opportunity cost enter into a make or buy decision?

A: Opportunity Cost:   Opportunity Cost is the future capacity or potential advantage that can be…

Q: who benefits: the buyer or the seller?

A: Buyer can "assume the mortgage" which means for purchasing of a home buyer is not required to take a…

Q: What is the median income?

A: Income distribution specifies how the countries income or GDP is distributed among the population.…

Q: Define Vested benefits.

A:

Q: What is the difference between gross pay and net pay?

A: Gross pay: The total amount such as salary, wages, commissions, overtime, and bonus paid by the…

Q: What does Compensation for employee services includes?

A: Introduction Compensation is the cash paid to employees for their service that they provided for the…

Q: What is Discretionary Spending;

A: The items which are used for entertainment and for recreation which the consumers generally purchase…

Q: What is the projected net income?

A: A budget can be defined as a quantitative statement developed to ascertain the funds required…

Q: What is personal finance?

A: Personal finance is all about managing savings, investments, expenditure, and taxes. It is about…

Q: How should managers consider income tax issues when choosing a transfer-pricing method?

A:

Q: Why can we not invest net income? Explain with an example?

A: The net income is the net profit of the company earned during the period. The net income includes…

Q: What is the procedure of the determination of economic service life?

A: Determination of economic service life: Capital costs and the costs of operating and running an…

Q: Define the term Income Smoothing.

A: Income Smoothing: It is an accounting technique which is used to move revenues and expenses of one…

Q: what is Political cost hypothesis ?

A: The financial statement will be prepared by the company to know the financial position of the…

Q: What behavioral tendency do people often exhibit with regard to opportunity costs?

A: Opportunity cost:   An opportunity cost is the possible benefit given up when the choice of one…

Q: What is "constructive receipt doctrine? Discuss What is "economic benefit doctrine? Discuss

A: Constructive receipt doctrine: According to constructive receipt doctrine policy, the taxpayer…

Q: es it govern social and

A: There is no concept exist like talent because every individual have the unique quality and they have…

Q: What are the critical differences between social cost benefit analysis (SCBA) and economic cost…

A: Social Cost Benefit Analysis : Meaning - It tend to analyse operational costs or the project costs…

Q: What's the difference between total net income and net take-home pay?

A: The company's transactions will be tracked, and the first book to record these transactions is the…

Q: What is a modified wage plan?

A: Modified wage plan refers to the combined plan which reflects the aspects of hourly wage plan and…

Q: What is financial distress costs?

A: Financial Distress is a situation in which an individual or an organization is not capable enough to…

Q: What is a fee income

A: Fee Income There are different ways an organisation can make the sources of income like sales…

Q: hat is the purpose of valuation in terms of society

A: Valuation : In simple words, valuation refers to the process in which an individual with expertise…