Is Jennifer having a problem in her budgeting? If yes, explain ...

[james9437]

Is Jennifer having a problem in her budgeting? If yes, explain why. What would you recommend her to solve the problem?
 
  What will be an ideal response?

Question 2

Profits paid to stockholders are referred to as _______________.
 
  a. Dividends c. profits
  b. Primary profits d. net dividends

[Rilsmarie951]

Answer to Question 1

Yes, Jennifer is having a problem. First of all, Jennifer has total 10,500 for the whole purchase. However, if she buys skirts for 120.00, jackets for 220.00 and dresses for 80.00 she would need to have total budget of 11,200.00 . In addition, the maximum she can pay for the remaining dresses is 80.00, which is less than what the vendor asks (asked cost is 98.00).
To solve the problem, Jennifer may try to negotiate with all the vendors. Since the store has a very good reputation, she can try to get a good deal with the new vendors she decided to work with. Next, she can try to get some discount from a vendor the store has a long and good relationship. In addition, Jennifer may try to find another vendor offering dresses at a lower cost. Lastly, for her future buying, she needs to do all the calculation beforehand to know the maximum cost she can pay for the merchandise. In this case, she will avoid having problem and dealing with additional negotiations.

Answer to Question 2

a

[james9437]

Great answer, keep it coming

[nyrave]

Thanks for the timely response, appreciate it