All categories

2 years ago

. Research: Using reputable and recently published internet sources, research the

1 answer:

3 0

Saving refers the method of accumulating one's capital for future use and this is done by either no spending part of one’s income or cutting down certain costs.

Money which are saved are either in cash at hand, in a deposit account or being invested in financial instruments such as Money market etc

According to Statistics from a reputable sources, for June 2021, the personal saving rate in the United States is 9.4 percent while in May, there was 10.3 percent in saving rate.

In conclusion, the factor that contributes to decrease in saving rate is the continuous rise of goods and services (Inflation) while income remain constant.

Learn more about Saving rate here

brainly.com/question/6696594

You might be interested in

During 2018, its first year of operations, Pave Construction provides services on account of $154,000. By the end of 2018, cash

seraphim [82]

Answer:

Bad debts expenses Debit $ 11,750

Allowance for uncollectible receivables Credit $ 11,750

Explanation:

The allowance for uncollectible accounts receivables balances are calculated as a percentage of the receivable balance.

The receivable balances as at December 31, 2018 is

Services provided on account $ 154,000

Cash collections received $ 107,000

Receivables from services uncollected $ 47,000

Estimated percentage considered uncollectible 25 %

Allowance for uncollectible accounts $ 47,000 * 25 % = $ 11,750

6 0

3 years ago

2. Sunshine Bakery bakes 660 loaves of bread each day and estimates that 10% of the bread will go stale before it is

Alisiya [41]

Answer:

$0.79

Explanation:

The Bakery bakes 660 loaves of bread

The cost of baking one bread= $0.46

The total cost of baking all loaves of bread

= $0.46 x 660

=$303.60

The desired mark up is 55% of cost

=55% of $303.60

=55/100 x $303.60

=0.55 x $303.60

= $166.98

Desired revenues = $166.98 +$303.60

=$470.58

The number of sellable breads= 660 - (10% of 660)

=660-66

=594

Desired income is $470.58; sellable output is 594.

price per bread should be

=$470.58/594

=$0.79222

Price per bread = $0.79

3 0

2 years ago

What would marginal analysis put an emphasis on?

DIA [1.3K]

The answer to this question is: additional costs and benefits.
 is an examination of the additional benefits that received from doing an activity compared to the cost that must be incurred in order to do that activity.
This analysis will help companies to determine what operations that they should maintain in the future in order to keep the profit margin of the company.

5 0

3 years ago

Waterway Industries reported the following information for 2016: October November December Budgeted sales $950000 $890000 $11000

MakcuM [25]

Answer:

At November 30, 2016, budgeted Accounts Receivable is $445,000

Explanation:

In October, Sales: $950,000

Customer amounts on account are collected: 50% x $950,000= $475,000

At 31 October, Accounts Receivable = 50% x $950,000= $475,000

In November, Sales: $890,000

Customer amounts on account are collected = $475,000 + 50% x $890,000 = $920,000

At November 30, 2016 budgeted Accounts Receivable = 50% x $890,000 = $445,000

8 0

3 years ago

Suppose you deposit $2,262.00 into an account today. In 11.00 years the account is worth $3,855.00. The account earned ____% per

zmey [24]

Answer:

4.97 %

Explanation:

Data and Calculation :

PV = - $2,262.00

N = 11.00

FV = $3,855.00

P/YR = 1

PMT = $0

I/YR = ? 4.97 %

THUS,

The account earned 4.97 % per year.

3 0

3 years ago