question 5 of 5\nruby is a recent college graduate who lives with her mom. she wants to start taking steps…

question 5 of 5\nruby is a recent college graduate who lives with her mom. she wants to start taking steps toward living independently. which of the following is the best first step for ruby to take based on her accounting knowledge?\nruby should budget to figure out how much rent she can afford for her own apartment.\nruby should open a new credit card so that she can afford the security deposit for an apartment.\nruby should withdraw money out of her retirement savings account so she can afford to live on her own.\nruby should go back to college to get into a higher paying career so she can afford to buy a house.

question 5 of 5\nruby is a recent college graduate who lives with her mom. she wants to start taking steps toward living independently. which of the following is the best first step for ruby to take based on her accounting knowledge?\nruby should budget to figure out how much rent she can afford for her own apartment.\nruby should open a new credit card so that she can afford the security deposit for an apartment.\nruby should withdraw money out of her retirement savings account so she can afford to live on her own.\nruby should go back to college to get into a higher paying career so she can afford to buy a house.

Answer

Brief Explanations:

Budgeting is a fundamental accounting - related financial planning step. Opening a new credit card can lead to debt if not managed well. Withdrawing from retirement savings is not a good long - term financial move. Going back to college is a long - term plan and not the first step for independent living.

Answer:

Ruby should budget to figure out how much rent she can afford for her own apartment.