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2 years ago

Which of the following is an effective strategy for personal saving?

1 answer:

6 0

The statement that is an effective strategy for personal saving is; Save a certain percentage of each paycheck and deposit it directly in a savings account

<h3>What is personal saving?</h3>

Personal saving can be defined as the ability of a person to save their money. Saving this money will enables them to have something to fall back to incase of unforeseen or unexpected circumstance.

The effective strategy for personal saving a person is expected to follow is for the person to save a percentage of each of their salary or paycheck and deposit the money directly into their savings account.

Therefore the statement that is an effective strategy for personal saving is; Save a certain percentage of each paycheck and deposit it directly in a savings account

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Tru Diva, a brand of women's apparel and accessories, uses contract manufacturers in different countries. The company benefits b

Anvisha [2.4K]

<u>Answer: </u>Option E

<u>Explanation:</u>

In contract manufacturing the goods are produced by a firm under a brand name of other firm on the basis of the contract. The contract manufacturers sign contracts with more than one firm to produce the goods. This type of manufacturing is mostly used in international markets due to availability of cheap labor and materials used for production in manufacturing countries.

For some of the products the contract manufacturers even provide the service of designing, distributing, assembly and manufacturing. the regulations for production also less in these countries. Contract manufacturers are found mostly in developing countries.

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3 years ago

Why might a country choose to devalue its currency? to please its trading partners to encourage exports to encourage imports to

Hatshy [7]

The major reason a country might choose to devalue its currency is to encourage exports.

<h3>What do you mean by Devaluation?</h3>

Devaluation refers to the downward movement in the value of the country's currency. The government that issues the currency has the power to devalue its currency.

Devaluating the currency reduces the cost of a country's exports and reduces trade deficits. For encouraging exports, a country chooses to devalue the currency.

Therefore, B is the correct option.

Learn more about Devaluation here:

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2 years ago

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Emerald Co. uses a perpetual inventory system and records purchases of merchandise at net cost. The company recently purchased 2

Nana76 [90]

Answer:

Explanation:

The journal entry is shown below:

Account payable A/c Dr $3,000

To Cash A/c $3,000

(Being payment is made is recorded)

We debited the account payable account and credited the cash account so that the correct posting can be done.

Since the half of the disk is returned i.e $3,000 which come after multiplying the $6,000 by 50%

3 0

3 years ago

Timothy McGreggor, Attorney, P.C., began the year with total assets of $129,000, liabilities of $77,000, and stockholders’ equit

Ahat [919]

Answer:

Ending stockholders' equity $ 68.000

Explanation:

The net income for the year is Revenue - Expenses

so $ 113,000 - $34,000 = Net Income $ 79,000

Stockholders Equity at end of year

Opening stockholders' equity $ 52,000

Add: Net income for the year $ 79,000

Less: Dividends Paid <u>$ (63,000)</u>

Ending stockholders' equity $ 68,000

7 0

3 years ago

The average annual return form stock investments historically is: a) 11.3% b) 12% c) 12.5% d) 20$

MArishka [77]

Answer: i dotn noy

Explanation:

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3 years ago

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