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Snezhnost [94]
2 years ago
7

What is financial literacy and why is it important.

Business
1 answer:
FromTheMoon [43]2 years ago
8 0

Answer:

Financial literacy is a set of skills and knowledge that allows one to make effective decisions with their financial resources.

Explanation:

Why is it important? Well, being financially literate ensures financial stability and security. It also allows you to have a variety of different financial skills; such as creating a budget, understanding how credit works, being able to save for retirement, and becoming wiser with how to manage your money.

Hope this helps! Have an amazing day! :D

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Bethany Walsh is a business manager at Dixon Productions. Although she does not have a background in technology, her job require
blagie [28]

Answer:

The correct answer is A. Dashboard .

Explanation:

A board contains all the information necessary to carry out the decision-making process in the best way, since in the case of Bethany, who is not very expert in technology, it allows her to execute her work efficiently and without risks of not taking into account information. relevant. This information can be modified at any time depending on the circumstances.

5 0
3 years ago
Read 2 more answers
The break-even point is that level of activity where: Multiple Choice a) total revenue equals total cost. b) variable cost equal
shtirl [24]

Answer:

a) total revenue equals total cost.

Explanation:

The break-even point is the level of activity in which total revenue equals total cost. It can also be defined in terms of  units sold for a year is as the fixed expenses for the year divided by the contribution margin per unit of product. Note that exactly at the break-even point, there is no profit or loss.

Therefore, the answer is alternative a).

3 0
3 years ago
Given the following information, calculate the capitalization rate for the following apartment complex:
RSB [31]

Answer:

Collections per month  = 11,250

Monthly rate = 0.0066

Annual rate = 8.1%

Explanation:

Calculations of capitalization rate for the following apartment complex are as follows:

Collections per month is calculated as = 1000*15*(1 - 0.10-0.05-0.10) = 11,250

Monthly rate is calculated as= 11,250/1,710,000 = 0.0066

Annual rate is calcuated as = (1 + 0.0066)^12 - 1 = 8.1%.

Hence ,Collections per month are 11,250  ,Monthly rate is 0.0066  and annual rate is 8.1%

8 0
3 years ago
An outside supplier offers to provide Epsilon with all the units it needs at $64.50 per unit. If Epsilon buys from the supplier,
Harman [31]

Answer:

See below

Explanation:

The above is an incomplete question. However, the beginning part from similar question is

Epsilon co. Can produce a unit of product for the following costs. Direct material Direct labor overhead total cost per unit

$8.20 $24.20 $41 $73.40

Calculation to determine what Epsilon should choose

Relevant costs to make = $8.2 + $24.20 + [$41 × (100% - 40%)]

Relevant costs to make = $8.2 + $24.20 + ($41 × 60%)

Relevant costs to make = $8.2 + $24.20 + $24.6

Relevant costs to make = $57

Therefore, Epsilon should choose to:

Make since the relevant cost to make it is $57

5 0
3 years ago
Sandra's automobile, which is used exclusively in her trade or business, was damaged in an accident. The adjusted basis prior to
strojnjashka [21]

Answer:

The Sandra's adjusted basis for the automobile after the casualty will be $7000.

Explanation:

Sandra's adjusted basis after accident can be taken out using the following procedure -

  ADJUSTED BASIS BEFORE ACCIDENT

                         -

 LOSS DEDUCTION

                         -

 INSURANCE PROCEEDS

we have been given the value of adjusted basis before accident = $11,000 and insurance proceeds as = $3200, but we have to find the value of loss deduction.

LOSS DEDUCTION =

VALUE DECLINE - INSURANCE PROCEEDS

Where value decline is the difference between the market value of automobile before and after accident and insurance proceeds - ($10,000 - $6000) - $3200

     VALUE DECLINE - $4000 - $3200

                                 = $800

Now putting all the values in the procedure -

= $11,000 - $800 - $3200

= $7000

5 0
3 years ago
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