All categories

2 years ago

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

You might be interested in

Bade Midwifery's cost formula for its wages and salaries is $1,420 per month plus $246 per birth. For the month of October, the

saul85 [17]

Answer:

activity variance = $984 F

Explanation:

given data

wages and salaries = $1,420 per month

per birth = $246

planned for activity = 107 births

actual level of activity = 103 births

actual wages and salaries = $27,795

to find out

activity variance for wages and salaries

solution

we know wages and salaries cost for October is

wages and salaries Planning budget = 1420 + ( 107 × 246 )

wages and salaries Planning budget = $27742

and

Wages and salaries Flexible budget = 1420 + ( 103 × 246 )

Wages and salaries Flexible budget = $26758

activity variance = $27742 - $26758

activity variance = $984 F

4 0

3 years ago

The northwoods university it department is planning to buy additional computers for the computer lab. pedro bechara, manager of

Feliz [49]

Not positive, but I would put "influencer" because he is helping with a decision.

6 0

3 years ago

50 red and 50 black balls in a box when you randomly pick two balls without replacement

LUCKY_DIMON [66]

2/100
=1/50
.........

7 0

3 years ago

Woodland industries manufactures and sells custom-made windows. Its job costing system was designed using an activity-based cost

MaRussiya [10]

Answer:

Explanation:

Direct materials 101,500

Direct labour (13,600 * 13) 176, 800

Materials handling (508 * 0.28) 142.24

Cutting and lathe work (508 * 12.32) 6258.56

Assembly and inspection (13,600 * 17.5) 238,000

Total manufacturing cost 522,700.8

Cost per unit produced = 522,700.8 / 3,050 =

= 171.377 per unit.

Predetermined overhead rate = Estimated overhead costs / Estimated Direct labour hours

(61,600 + 2,710,400 + 3,850,000) / 220,000

= 30.1 per direct labour hour

Direct materials 101,500

Direct labour (13,600 * 13) 176,800

Manufacturing overhead (13,600 * 30.1) 409,360

Total manufacturing cost 687,660

Cost per unit produced = 687,660/ 3,050

= 225.46 per unit.

3 0

4 years ago

Bravo Industries intends to retire $950,000 in short-term debt using proceeds from the sale of 30,000 shares of common stock. Th

harina [27]

Answer:

the amount that should be excluded from the current liabilities is $750,000

Explanation:

The computation of the amount that should be excluded from the current liabilities is shown below;

= Number of shares in the common stock × selling price per share

= 30,000 shares × $25

= $750,000

Hence, the amount that should be excluded from the current liabilities is $750,000

7 0

3 years ago