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Amanda [17]
3 years ago
8

If the Potinsky household spends ​$37 comma 300 annually on all living expenses and​ long-term debt, calculate the amount recomm

ended for an emergency fund. How might household circumstances​ (e.g., wage earners in the​ household, available​ credit, and type and stability of​ employment) affect this​ decision?
Business
1 answer:
Finger [1]3 years ago
8 0

Answer:

$9,249 for three months, $18,498 for six months.

Explanation:

Experts recommend that an emergency fund should include 3 to 6 months of cash to provide for living expenses.

The Potinsky household spends $37,000 annually, therefore, it spends $3,083 monthly ($37,000 / 12).

For a three-month emergency fund = $3,083 x 3

                                                           = $9,249

For a six-month emergency fund = $3,083 x 6

                                                       = $18,498

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The sales budget for Modesto Corp. shows that 21,900 units of Product A and 23,900 units of Product B are going to be sold for p
rewona [7]

Answer:

22,290 units

Explanation:

Product A sales (S) = 21,900 units

Product A selling price = $11.90

Product A beggining inventory (I)= 3,900

Product A ending inventory (E) = 3,900 x 1.10 = 4,290

Budgeted purchases of product A must account for all of the projected sales and the desired ending inventory, assuming that the company already has a beginning inventory at hand. Budgeted Purchases of product A are given by:

B = S+E-I\\B= 21,900+4,290-3,900\\B= 22,290\ units

6 0
3 years ago
List and briefly define the 4 components of a nation’s demand for goods and services
Lynna [10]

Answer:

C , I , G , NX

Explanation:

The components of nation's demand for goods & services is reflected in Aggregate Demand . AD is the total value of goods & services all the consumers are planning to buy during a period.

AD denotes consumption components by 4 sectors of an Economy : Households, Firms, Government , Rest of World .

All 4 sectors form components of AD = Consumption Expenditure, Investment, Government Expenditure, Net Exports (Exports - Imports) by the 4 above sectors respectively.

3 0
3 years ago
Alpha Co. is paying a $.64 per share dividend today. There are 158,000 shares outstanding with a par value of $1 per share. As a
muminat

Answer:

Dividend paid = $0.64 x 158,000 = $101,120. The dividend paid reduces retained earnings by $101,120.

The correct answer is C

Explanation:

Dividend is paid out of profit after tax. This reduces the retained earnings of the company since dividend involves outflow of cash.

3 0
3 years ago
The wealth of the owners of a corporation is represented by​ ________.
Sveta_85 [38]

Answer:

The answer is B. share value

6 0
3 years ago
As a pharmacist in your community, you are concerned with the level of service provided to those in need at odd hours and after
umka2103 [35]

I guess the correct answer is Making products and counseling available when consumers need them.

In the fact that you are concerned with the level of service provided to those in need at odd hours and after hours and in the neighborhoods where such extended service is needed, then your our concerns are centered on making products and counseling available when consumers need them.

3 0
3 years ago
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