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1 year ago

In which situation would it be most appropriate to use money you have set aside in your emergency fund?

1 answer:

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The money that has been set aside for emergency situations can be ideally used for paying the phone bill at first.

Option C is the correct answer.

<h3>What is an emergency fund?</h3>

An emergency fund is an amount that is kept by an individual out of their earned income which is further to be used in uncertain times.

An emergency fund has been created to meet the contingencies in life that can be in the form of repairs of any equipment, medical problems, loss of job, etc. This fund helps the individual in uncertain times when he/she is in need of funds.

Therefore, the phone bill should be paid first from the emergency fund then the rest of the expenses to be considered.

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From the following ledger balances, prepare a trial balance for the Whispering Winds Corp. at June 30, 2022. All account balance

bonufazy [111]

Answer:

Realidades 2 WKBK page 109

Explanation:

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2 years ago

Suppose a large country experiences economic growth which results in a reduced willingness to trade. The country’s terms of trad

eimsori [14]

Answer:

The correct answer is letter "B": improve; rise.

Explanation:

Terms of Trade measures the efficiency of a country's trade. It is a ratio which compares the exports of a country with its imports. It is <em>calculated by dividing the export value by the import value, and by multiplying the result by one hundred (100)</em>. A terms of trade figure higher than 100, means a country exporting goods at a higher value than its imports.

<em>Given the case that there is no willingness to trade in an economy after a growth, the most possible scenario to take place is that the trade terms will </em>improve <em>as a result of the decrease in the demand of imports and assuming the level of exports keeps at the constant level that allowed the economic growth or if it even </em>rises<em>.</em>

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3 years ago

A machine purchased 1 year ago for $85,000 costs more to operate than anticipated. When purchased, the machine was expected to b

goblinko [34]

Answer:

Value of S=$25000.

Explanation:

Value of P= $75000

Value of n= 5 years

Value of AOC= $36000+ $1500k (k=1 to 5)

Since the salvage value would be after 5 years=

S=($75000- $10000*5) = $75000- $50000= $25000.

Value of S=$25000.

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3 years ago

$511,000 bond issue sold for $483,000. Therefore, the bonds: Multiple Choice Sold for the $511,000 face amount less $28,000 of a

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Answer: Sold at a discount because the market interest rate was higher than the stated rate. S

Explanation:

the bonds was Sold at a discount because the market interest rate was higher than the stated rate. This is as a result of the bonds issued which were at a discount having its market price way lower than its face value. Bonds tends to be sold at a discount when the market interest rate has exceeded the stated rate of the said bond.

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2 years ago

The performance management approach that uses job performance evaluations to identify a company's best, average, and worst perfo

timurjin [86]

The performance management approach that uses job performance evaluations to identify a company's best, average, and worst performing employees, using person-to-person comparisons, is known as "forced ranking".

<h3>What is forced ranking?</h3>

The contentious practice of "forced ranking," which grades employees against one another rather than against performance standards, is very popular in corporate America.

The problem with forced ranking are-

This can lead to a lack of motivation and disengagement among employees as well as unneeded internal competition that can harm collaboration, creativity, and innovation and divert attention from market competition.
Although contentious, forced ranking systems are legal. Employers who choose to take action based on those rankings, however, run a number of legal dangers.

The forced rankings beneficial from an employee perspective, here are reasons-

This system teaches a manager how to assess employees objectively with the right management training.
When the management system needs to be improved or formalised, forced rankings are advantageous.
An essential component of business is analysing trends and developments.

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1 year ago