By the time you are in college, you are in charge of at least some of your own finances. How well you manage your personal budget may indicate how well you will manage your company`s budget on the job. Respond to the following statements to evaluate your own budgeting habits. If the statement does not apply directly to you, respond the way you think that would behave in a similar situation. 1. I spend all my money as soon as I get it. 2. At the beginning of each week (or month, or term), I write down all my fixed expenses. 3. I never seem have any money left over at the end of the week (or mouth). 4. I pay all my expenses, but I never seem to have any money left over for fun. 5. I am not purring any money away in savings right now; I`ll wait until after I graduate from college. 6. I can't pay all my bills. 7. I have a credit card but pay the balance in full each month. 8. I take cash advances on my credit card. 9. I know how much I can spend on eating out, movies, and other entertainment each week. 10.I pay cash for everything 11. When I buy something, I look for value and determine the best buy. 12.I lend money to friends whenever they ask, even if it leaves me short of cash. 13.I never borrow money from friends. 14.I am putting aside money each month to save something that I really need.

BuyFind

Management, Loose-Leaf Version

13th Edition
Richard L. Daft
Publisher: South-Western College Pub
ISBN: 9781305969308
BuyFind

Management, Loose-Leaf Version

13th Edition
Richard L. Daft
Publisher: South-Western College Pub
ISBN: 9781305969308

Solutions

Chapter 19, Problem 4EE
Textbook Problem

By the time you are in college, you are in charge of at least some of your own finances. How well you manage your personal budget may indicate how well you will manage your company`s budget on the job. Respond to the following statements to evaluate your own budgeting habits. If the statement does not apply directly to you, respond the way you think that would behave in a similar situation.

1. I spend all my money as soon as I get it.

2. At the beginning of each week (or month, or term), I write down all my fixed expenses.

3. I never seem have any money left over at the end of the week (or mouth).

4. I pay all my expenses, but I never seem to have any money left over for fun.

5. I am not purring any money away in savings right now; I`ll wait until after I graduate from college.

6. I can't pay all my bills.

7. I have a credit card but pay the balance in full each month.

8. I take cash advances on my credit card.

9. I know how much I can spend on eating out, movies, and other entertainment each week.

10.I pay cash for everything

11. When I buy something, I look for value and determine the best buy.

12.I lend money to friends whenever they ask, even if it leaves me short of cash.

13.I never borrow money from friends.

14.I am putting aside money each month to save something that I really need.

Chapter 19, Problem 4EE, By the time you are in college, you are in charge of at least some of your own finances. How well

Expert Solution

Want to see the full answer?

Check out a sample textbook solution.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.

Chapter 19 Solutions

Management, Loose-Leaf Version

Additional Business Textbook Solutions

Find more solutions based on key concepts
Is the following equation correct for finding the value of a constant growth stock? Explain. P0=Dors+g

Fundamentals of Financial Management, Concise Edition (MindTap Course List)

List the 10 steps in the accounting cycle.

College Accounting, Chapters 1-27

NEW PROJECT ANALYSIS You must evaluate the purchase of a proposed spectrometer for the RD department. The base ...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Using the partial work sheet provided below, prepare the adjusting entries for merchandise inventory.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)