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svetoff [14.1K]
3 years ago
13

Personal finance experts recommend saving what percentage of your income

Business
1 answer:
zvonat [6]3 years ago
4 0
Its recommended to save at least 20%
You might be interested in
A company with 108,000 authorized shares of $4 par common stock issued 33,000 shares at $12. Subsequently, the company declared
liq [111]

Answer:

$20,460

Explanation:

Data provided as per the question below:-

Common stock = 33,000 shares

Market price per share = $31

Stock dividend percentage = 2%

The computation of stock dividend is shown below:-

Price per share = Common stock × Market price per share

= 33,000 × $31

= $1,023,000

Stock dividend = Price per share × Stock dividend percentage

= $1,023,000 × 2%

= $20,460

8 0
4 years ago
Suppose the entire banking system has $50 million in excess reserves and a required reserve ratio of 10 percent. The deposit-cre
Novosadov [1.4K]

Answer: $500 million

Explanation:

The required reserve ratio is the fraction of the total deposit that a bank recieves which is mandated by the central bank to be kept and should not be given out.

If the entire banking system has $50 million in excess reserves and a required reserve ratio of 10 percent. The deposit-creation potential of the banking system will be:

= $50million/10%

= $50million/0.1

= $500 million

7 0
4 years ago
Accounting has its own vocabulary and basic relationships. Match the accounting terms with the corresponding definition or meani
balandron [24]

Answer and Explanation:

The matching of the accounting term with the definition is shown below:

1. Debit - it comes in the left side i.e. (i)

2. Expense: It decreases the stockholder equity also it contains the debit balance i.e. (d)

3. Net income: It is a statement that shows the expenses and revenue related transactions i.e. (g)

4. Ledger: It is the T-account in which the journal entries are posted i.e. (e)

5. Posting: The data is copied from journal to ledger we called as posting i.e. (f)

6. Normal balance: It is the side of an account in which the account increment is recorded i.e. (b)

7. Payable: It is a liability and it always a credit balance and shown in the balance sheet i.e (h)

8. Journal: In this the transactions are recorded i.e. (c)

9. Receivable: This is an asset and it has always a debit balance i.e. (a)

10. Owner equity: It is amount i.e. to be invested in the business also shows a difference between the total asset and total liabilities i.e. (j)

8 0
4 years ago
A year​ ago, the IT team earned​ corporate-wide recognition for its performance. More​ recently, it has begun to experience some
SVETLANKA909090 [29]

Answer: reflexivity

                                       

Explanation: In simple words, reflexivity refers  to the ability of an individual to change its way of performing operations in its job as per the changing situations and needs.

Reflexivity helps an organisation to operate its business in constantly changing internal and external environment. At individual level it helps an employee to grow continuously as a reflexive individual will always be able to achieve their targets.

Hence from the above we can conclude that manager is trying to persuade his subordinates to be reflexive and adjust their purposes.

7 0
3 years ago
Many consumers consider goods X and Y to be complements. If there is an increase in the price of good X, then (all else the same
Lemur [1.5K]

Answer:

False

Explanation:

Complement goods are goods that are consumed together.

If the price of good X increases, producers would increase their supply of good Y and X.

An increase in supply shifts the supply curve to the right.

I hope my answer helps you

5 0
3 years ago
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