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madreJ [45]
2 years ago
9

Khalil works in the gig economy, making deliveries for local stores and restaurants. He's trying to save money so he can go back

to college next semester. However, his car stopped working and needs a few repairs. What should Khalil do?
A) Split the money between car repairs + saving for college
B) Make sure that his car is repaired first
C) Put all his money towards college fund so that he can reach his goal sooner
D) Start a savings account where he can put money away for car repairs
Business
1 answer:
balandron [24]2 years ago
7 0

Khalil must split the money between car repairs and college savings.

<h3 /><h3>What is a personal budget?</h3>

It is a technique of planning and organizing the financial expenses of a period, which helps an individual to identify their biggest expenses and have greater control over them.

Therefore, it is essential that Khalil plans his personal budget to better allocate financial resources to his needs and goals.

Find out more about personal budget here:

brainly.com/question/1943261

#SPJ1

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McKinney Corporation had beginning retained earnings of $2,242,000 and ending retained earnings of $2,499,000. During the year t
miv72 [106K]

Answer:

Net income for the year = $257,000

Explanation:

Retained earnings for the year= Net income - dividends paid.

Since no dividends were paid, retained earnings for the year = net income for the year. At the end of each accounting period, retained earnings are reported on the balance sheet, and the retained profits for the year are added to the beginning balance of retained earnings, to give a cumulative ending balance of  $2,499,000.

therefore retained earnings for the year = ending retained earnings balance  - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.

Net income for the year is  thus =  $257,000 since no dividends were paid.

6 0
3 years ago
how would a significant increase in consumption and economic activity among a nations consumers affect the nation economy
jeka57 [31]

When consumption increases, factories produce more, consequently having to expand, when they expand they hire new employees, meaning that more people have money to buy more things and boost the market.

It is almost like the balance of an ecosystem, if everything works well, the tendency is to continue improving

7 0
3 years ago
A U.S. firm holds an asset in Great Britain and faces the following scenario:
Lady_Fox [76]

Answer:

C) Sell £2,278.13 forward at the 1-year forward rate, F1($/£), that prevails at time zero.

Explanation:

given data

                     State 1           State 2               State 3

Probability      25%            50%                      25%

Spot rate      $ 2.50 /£    $ 2.00 /£            $ 1.60 /£

P*                   £ 1,800       £ 2,250             £ 2,812.50

P                     $4,500          $4,500               $4,500

solution

company holds portfolio in pound. so to get hedge, they will sell that of the same amount.

we get here average value of the portfolio that is

The average value of the portfolio = £ (0.25*1800 + 0.5*2250 + 0.25*2812.5)

The average value of the portfolio = 2278.13

so correct option is C) Sell £2,278.13 forward at the 1-year forward rate, F1($/£), that prevails at time zero.

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Art is charged with kidnapping. After listening to all the evidence, 11 of the 12 jurors found him guilty. The twelfth juror vot
Likurg_2 [28]
No he will not be convicted
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Q-mart failed to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count. Consequ
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Total assets and Total equity will be this year's understated.

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