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4 years ago

What is a good approximate amount to have in your emergency fund?

Business

1 answer:

Maurinko [17]4 years ago

8 0

Answer:

The correct answer is letter "A": 3-6 months of expenses.

Explanation:

<em>It is recommended to have between three (3) to six (6) months of expenses in your emergency funds.</em> That amount of money will help you in the event you are fired from work and are unable to find a similar job position. If the amount accrued could be for up to one (1) year, the situation will be favorable for you. The more of your expenses can be covered while you are not receiving an income, the better.

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Why are some countries today much poorer than other countries? Are today's poor countries destined to always be poorer than toda

DerKrebs [107]

Answer:

Countries in the modern age stay poor because they do not have the privilege of having a country that cares about its people. Typically these countries have been involved in some sort of conflict with other nations or with themselves. A country like Mozambique would be considered poor because their political leaders during the age of the soviet union thought all the money would be in Communism which turned out to not be true.

Explanation:

3 0

4 years ago

Money demand refers to a how much income people want to make per year. b how much wealth people want to hold in liquid form. c t

scoray [572]

Answer:

b. how much wealth people want to hold in liquid form.

Explanation:

Money demand refers to the amount of liquid assets or wealth, which can be quickly converted to cash, an individual desires hold at a particular point in time, which enables the individual to easily carry out transactions such as exchange of goods and services. It is simply referred to as the desire of people to hold cash. It does include illiquid physical assets that cannot be quickly converted to cash. It includes cash or bank deposits.

5 0

3 years ago

Tyra, an HR manager at an automotive parts facility, received 500 online applications for 30 job openings in the production depa

Sedaia [141]

Answer: job knowledge test

Explanation:

Job knowledge tests, also called mastery tests consist of questions that are designed to assess professional or technical in specific knowledge areas. The job knowledge tests is used to evaluate what an individual knows at the time he or she was taking the test.

A job knowledge test is used to inform employers about what an applicant knows currently. Job knowledge tests are used in cases where applicants are expected to already have certain information before being hired and they are usually useful for jobs that require specialized or technical knowledge which can be gotten over an extended period. Examples of job knowledge tests are tests of computer programming, basic accounting principles financial management etc.

A job knowledge test can either be a multiple choice question format, fill-in-the-blanks and written essays.

3 0

4 years ago

Explain how the components of strategic thinking contribute to rational thinking.

snow_tiger [21]

Strategic thinking contributes to rational thinking because when you strategically think about different things you are strategizing components and it comes clear of what it is and then it becomes just common sense.

5 0

3 years ago

In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000.

Firdavs [7]

Answer:

3.5

Explanation:

Computation for the firm’s times interest earned ratio

Revenues$ 2.95 million

Cost of goods sold$ 2.45 million

Depreciation expense$ 178,000.00

Book values of Debt outstanding$ 1.15 million

Interest rate8.00

First step is to calculate for the EBIT

Using this formula

EBIT= Revenues -(Cost of goods sold +Depreciation expense$ 178,000.00)

EBIT=$2,950,000-($2,450,000+$178,000)

EBIT=$2,950,000- $2,628,000

EBIT=$322,000

Second step is to find the Interest

Using this formula

Interest =Debt outstanding with book value ×Interest rate

Let plug in the formula

Interest =$1,150,000×8%

Interest =$92,000

Now let find the firm’s times interest earned ratio

Using this formula

Firm’s times interest earned ratio=EBIT/INTEREST

Where,

EBIT=$322,000

INTEREST=$92,000

Let plug in the formula

Firm’s times interest earned ratio=$322,000/$92,000

Firm’s times interest earned ratio =3.5

Therefore the firm’s times interest earned ratio will be 3.5

7 0

4 years ago