1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
s2008m [1.1K]
3 years ago
14

Meredith saves $575 a month and her gross income is $6,500 each month. Meredith’s liquid assets are equal to $4,000 and her curr

ent liabilities are equal to $1,200. Her net worth is $65,000. What is Meredith’s savings ratio?
Business
1 answer:
NeTakaya3 years ago
6 0

Answer:

$8.85%

Explanation:

Savings refers to the amount of income that has been spent but has. The saving ratio measures the propensity of individuals to save. The savings ratio is derived by dividing individuals or household savings with disposable income.

Disposable income refers to the income after tax deductions.

Saving ratio =savings/ disposable income x 100

For Merideth: monthly savings = $575

gross income: $6500

No information on tax is given

Saving ratio = $575/$0.6500 x 100

=$0.0884 X 100

=$8.8461%

=$8.85%

You might be interested in
When you feel cold, you engage in behavior to reduce this unpleasant feeling, for example, by putting on your coat. This desire
insens350 [35]

This desire to reduce internal tension is a crucial aspect of the drive-reduction theory.

<h3 /><h3>What is drive-reduction theory?</h3>

It corresponds to a psychological theory developed by Clark Hull, who believed that individuals are motivated to meet their basic needs, which are psychological and physiological needs.

Therefore, a behavior to reduce the unpleasant sensation of cold would be a physiological motivation proposed by the drive-reduction theory.

Find out more about drive-reduction theory here:

brainly.com/question/12933887

#SPJ1

4 0
2 years ago
"You've been specially selected to win our grand prize. Contact us to collect it!" This is an example of a _____.
Setler79 [48]
The pitch....for a sales and marketing item or scam.
5 0
3 years ago
Read 2 more answers
The cost system best suited to industries that manufacture a large number of identical units of commodities on a continuous basi
ValentinkaMS [17]

Answer:

Process Costing

Explanation:

Process Costing allows so many units to be in production at the same time which are identical. The cost of each unit can be determined by calculating the average price using to total units produced.

7 0
3 years ago
For a note receivable that was created on November 1, 2018 and is due for repayment on October 31, 2019, what is the time fracti
Alenkasestr [34]

Answer:

Correct answer is A.

2/12

Explanation:

The total time period for which interest will be accrued and will be credited to the interest income account would be for the period November 1,2018 - December 31,2018 i.e 2 months.

5 0
3 years ago
Derk owns 600 shares of stock in Rose Corporation. The remaining 1,400 shares of Rose are owned as follows: 200 by Derk's daught
Norma-Jean [14]
Hhbbbbhhhhhhhhhhhhhhhggggg
8 0
3 years ago
Other questions:
  • Why does a campground at a national park not necessarily count as a public good?
    10·2 answers
  • Toyota and Honda Shift Production to North America Toyota plans to stop exporting the Lexus RX to North America from​ Japan, bui
    5·1 answer
  • A company has employed two workers A and B whose productivities are 20 units and 15 units respectively. The wage for A is K12 wh
    15·1 answer
  • A manager is interested in studying if there is a relationship between the gender of the order-taker and the amount of food orde
    12·1 answer
  • Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should tak
    12·1 answer
  • On January 1, 20X1 when the effective interest rate was 14%, a company issued bonds with a maturity value of $1,000,000. The sta
    6·1 answer
  • PRAISE ALLAH!!!!!!!PRAISE ALLAH!!!!!!!PRAISE ALLAH!!!!!!!PRAISE ALLAH!!!!!!! PRAISE ALLAH!!!!!!!PRAISE ALLAH!!!!!!!PRAISE ALLAH!
    15·2 answers
  • Apr. 8 Sold merchandise for $9,500 (that had cost $7,021) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4%
    7·1 answer
  • Vaughn Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been col
    8·1 answer
  • Which student simplifies the expression correctly, and why?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!