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allsm [11]
3 years ago
13

If your monthly expenses total $2,000, you should save at least _______ in an emergency fund before focusing on your investment

program.
Business
1 answer:
alisha [4.7K]3 years ago
3 0
An emergency fund is an account that is used to set aside funds that will be needed in the event of a personal financial dilemma. The size of one emergency fund depends on one's income, dependants and lifestyle. It is recommended that one put aside at least three months worth of expenses.In the question given above, the monthly expenses is $2000.00, so the person has to put away at least $2000 * 3 months, which is equal to $6000.00.
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Tri-coat Paints has a current market value of $50 per share with earnings of $5.97. What is the present value of its growth oppo
Gnesinka [82]

Answer: $0.25

Explanation:

Fron the question, we are informed that Tri-coat Paints has a current market value of $50 per share with earnings of $5.97. We are further told that the required return is 12%.

The present value of its growth opportunities (PVGO) will be:

= $50 - ($5.97/12%)

= $50 - ($5.97/0.12)

= $50 - $49.75

= $0.25

Therefore, the present value of its growth opportunities (PVGO) if the required return is 12% is $0.25.

6 0
3 years ago
given that c=$500 + 0.8yd, if the level of disposable income is $1,000, the level of saving is a)$300. b)-$300 c)$500 d)-$1,300
jarptica [38.1K]
If we are given with the level of saving as a function of level of disposable income:
c = 500 + 0.8 d
where d is the disposable income and it is equal to 1000. Solving for c:
c = 500 + 0.8 (1000)
c = $1300
5 0
3 years ago
John has decided to start his own lawn-mowing business. To purchase the mowers and the trailer to transport the mowers, John wit
Stolb23 [73]

Answer:

$ 170

Explanation:

John's opportunity cost = interest that his savings could have earned in the bank + financial costs of the loan = ($1,000 x 3%) + ($2,000 x 7%) = $30 + $140 = $170

The opportunity cost is the extra cost or benefits lost from choosing one activity or investment over another alternative.

7 0
3 years ago
Jason rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20. His fixed costs are $
Mariana [72]

Answer:

a. 1,500

Explanation:

The formula to compute the break even point for earning target profit is shown below:

= (Fixed cost + target profit) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

So,  the break even point would be

= ($100,000 + $20,000) ÷ ($100 - $20)

= $120,000 ÷ $80

= 1,500 rooms

5 0
3 years ago
The staff training center at a large regional hospital provides training sessions in CPR to all employees. Assume that the capac
FinnZ [79.3K]

Answer:

Efficiency of the system is 90.48% and Utilization is 79.17%

Explanation:

Given parameters:

Designed capacity, D.O = 1200 employees per year

Effective capacity, E.O = 1050 employees per year

Actual trained output, A.O = 950 employees

Efficiency and Utilization are both measures of performance of a system.

Efficiency is the ratio of the actual trained output to the effective capacity.

Efficiency = \frac{A.O}{E.O} * 100

Utilization is a ratio of the actual output to the total designed capacity.

Utilization = \frac{A.O}{D.O} * 100

Inputting the values,

Efficiency = \frac{950}{1050} * 100 = 90.48%

Utilization = \frac{950}{1200} * 100 = 79.17%

Hence, Efficiency of the system is 90.48% and Utilization is 79.27%.

8 0
3 years ago
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