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Arada [10]
1 year ago
9

Mia has monetary assets that total $2,500 and annual living expenses that total $12,000. what is her emergency fund ratio?

Business
1 answer:
Eva8 [605]1 year ago
6 0

Mia has monetary assets that total $2,500 and annual living expenses that total $12,000 her emergency fund ratio is 2.50

Calculation of emergency fund ratio:

Formula;

Emergency fund ratio = Cash & cash equivalents / monthly non-discretionary expenses

Now put values in the formula;

Emergency fund ratio = $2,500 / $1,000

Emergency fund ratio = 2.50

The emergency fund ratio, or liquidity ratio, is a personal finance ratio that measures a household's ability to cover expenses from assets that can be easily converted to cash.

Calculated by dividing the household's total current assets by the household's total monthly expenses.

Learn more about the emergency fund ratio  here:

brainly.com/question/9611168

#SPJ4

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Which of the following is not typical of traditional costing systems? Use of direct labor hours or direct labor cost to assign o
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Answer:

The correct answer is use of multiple cost drivers to allocate overhead

Explanation:

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Besides,using a business-wide or plant-wide single predetermined overhead rate is not feature of traditional systems of costing.

Since labor-related variables such as direct labor hours or direct labor cost is assumed to be a driver of overhead cost,hence an appropriate overhead absorption basis,it is perfectly understood that there is correlation between direct labor and incurrence of overhead cost in the business.

8 0
3 years ago
Using the following accounts and balances, prepare the "Stockholders’ Equity" section of the balance sheet using 20,000 shares o
olga55 [171]

Answer and Explanation:

The preparation of the stockholder equity of the balance sheet is presented below:

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Add: Paid in Capital from Sale of Treasury Stock $4,500,000

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6 0
3 years ago
In periods of rising prices when lifo is used, companies avoid reporting a ________ because a portion of the gross profit must b
Marysya12 [62]
By the use of Lifo in a period where the prices rise, companies avoid to report paper profit, also called phantom profit, as economic gain. Have in mind that in periods of changing prices, the cost flow assumption can have a significant impact onincome and on evaluations based on income. That is why when Lifo is used the companies tend to <span>report the lowest net income </span>
8 0
3 years ago
B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The compan
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Answer: See explanation

Explanation:

The year-end adjusting entry to record the cost side of sales returns and allowances will be:

Dr Inventory Return estimated $3200

Cr Cost of goods sold $3200

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= $64,000 × 5%

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3 years ago
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topjm [15]

Answer:

Fixed costs are high, variable costs are low

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