Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 11.00

personal budget,

BYP9-9 You might hear people say that they “need to learn to live within a budget.” The funny thing is that most people who say this haven’t actually prepared a personal budget, nor do they intend to. Instead, what they are referring to is a vaguely defined, poorly specified collection of rough ideas of how much they should spend on various aspects of their lives. However, you can’t live within or even outside of something that doesn’t exist. With that in mind, let’s take a look at one aspect of personal-budget templates.

Many personal-budget worksheet templates that are provided for college students treat stu- dent loans as an income source. See, for example, the template provided at http://financialplan. about.com/cs/budgeting/l/blmocolbud.htm. Based on your knowledge of accounting, is this correct?

YES: Student loans provide a source of cash, which can be used to pay costs. As the saying goes, “It all spends the same.” Therefore, student loans are income.

NO: Student loans must eventually be repaid; therefore, they are not income. As the name sug- gests, they are loans.

Instructions

Write a response indicating your position regarding this situation. Provide support for your view.

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 05:08 PM My Price 11.00

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