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Snezhnost [94]
3 years ago
7

What is financial literacy and why is it important.

Business
1 answer:
FromTheMoon [43]3 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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Tyler Hawes and Piper Albright formed a partnership, investing $210,000 and $70,000, respectively. Determine their participation
rewona [7]

Answer:

Tyler year-end capital account 373,500

Piper year-end capital account 196,500

Explanation:

income 290,000

interest:  (14,000)     (210,000 x 5% + 70,000 x 5%)

salaries:  (81,000)     (36,000 + 45,000)

remainder 195,000

Tyler:

210,000 + 5% interest + 36,000 salary + 195,000 x 3/5 = 373.500‬

Piper

70,000 + 5% interest  + 45,000 salary + 195,000 x 2/5 = 196,500

3 0
3 years ago
A LOT OF POINTS PLEASE ANSWER!!! AS QUICK AS YOU CAN!!! THANKS
dezoksy [38]
The correct answer would be : The Senate can oppose its bills.

I hope that this helps you !
7 0
4 years ago
Read 2 more answers
Pete and Shirley are filing a joint return. They have two dependent children. What is the total amount of their exemptions for t
Iteru [2.4K]

Answer: $16,800

Explanation:

As regards them having two children, their individual taxes is $8,400 for a year. The total amount of their exemptions for tax of 2019 is $16,800

8 0
3 years ago
In which situation would you need to compromise to avoid stress and conflict?
kotegsom [21]
In all situation where compromising will not harm you too much, or where gains from wining will be much less the looses from stress and conflicts.
5 0
4 years ago
Read 2 more answers
The price elasticity of demand in the United States for crude oil has been estimated to be minus −0.061 in the short run and min
Stolb23 [73]

Answer:

The correct answer is the option D: is equally price inelastic in both the short run an long run as there are not many substitutes for crude oil.

Explanation:

To begin with, the concept called <em>''price elasticity of demand''</em> in the field of economic, refers to the variation that happens in the quantity demanded of a product when its price changes. Moreover, this theory establishes that goods could be either price elastic or price inelastic. In addition to that, the products that are price elastic are the ones whose quantity demanded changes when a variation in its price occur, meanwhile <u>the products that are price inelastic are those whose quantity demanded do not changes when a variation in its price happen</u>.

In conclusion, the demand for crude oil is equally price inelastic in both the short and long run as there are not many substitutes for crude oil and <u>therefore the people will still continue to consume it no matter how many changes in its price will happen, due to its uniqueness.</u>

3 0
3 years ago
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