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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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A homeowner in a sunny climate has the opportunity to install a solar water heater in his home for a cost of $2,481. After insta
Pavel [41]

Answer:

the question is missing the discount or interest rate that we must use to calculate the answer.

for example, if the interest rate is 5% per year, then this would be a good investment if the homeowner can save $2,481 x 5% = $124.05 per year.

but if the interest rate is 8%, then the homeowner would need to save at least $2,481 x 8% = $198.48 per year.

5 0
3 years ago
QUIZLET Brandon's computer shop is considering two different configuration options. The first one is to have each computer built
natka813 [3]

Answer:

The cross-over point is about 22 computers.

Explanation:

Fixed cost, F = 0

Variable cost = $50

Option B

Fixed cost, F = $1,000

Variable cost, V = $5

Therefore,

Total cost = F + (n × V)

n = no of units

Option A

Total cost TC = 50n

Option B

Total cost TC = 1000 + 5n

We can calculate cross-over point by equalizing two options :

50n = 1000 + 5n

45n = 1000

n = 22.2

The cross-over point is about 22 computers.

5 0
3 years ago
Agnessa let the management of Acme Global know that she will retire next year. Agnessa job requires specialized skills. Rather t
Anettt [7]

Please see the complete question below.

Agnessa let the management of Acme Global know that she will retire next year. Agnessa job requires specialized skills. Rather than advertise the job, management has the human resource management department look through its files for people in the organization who have the needed skills. This recruitment method is known as ______.

A. open recruitment

B. employee referrals

C. closed recruitment

D. targeted recruitment

Answer:

The answer is closed recruitment (option C)

Explanation:

Closed Recruitment can be defined as the type of recruitment that takes place 'in house'. In other words, there is no need for an external advertisement of vacancy because candidates needed to fill in vacant job roles or positions of a firm are selected from the existing pool of employees in the firm. Firms carry out closed recruitment by looking into the files of people who have the skills needed to occupy the vacant role and selecting/appointing who is best fitted for the role.

6 0
4 years ago
You are asked to be the leader of a task group. You are a new member to the group that is under pressure to meet new production
UNO [17]

Answer:An authoritarian leadership style----D

Explanation: Since the task needed to be completed is an urgent one i will adopt An authoritarian leadership style  so as to give direct dictation and procedures  to my subordinates so that goals achieved urgently and efficiently using only my discretion,  there would be no time and room  for inputs or participation from my group members as all activities directed towards completion of tasks would be controlled by me.  Using this style of leadership will ensure me meeting production timely  since i am under pressure.

5 0
3 years ago
Kirby subscribed to purchase 100 shares of stock to be issued by Globule, Inc., an already existing corporation. Globule accepte
creativ13 [48]

Answer: C. No, but he is liable for another $2 per share.

Explanation:

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In this scenario, the par value is $8 per share which means that Globule Inc. cannot issue this share for less than $8. Kirby in paying only $6, is still liable for $2 so that he can at least pay for the stock at its par value.

8 0
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