Three of my financial goal is to save up 20% of my salary in the bank per month. This is a short term goal because the time frame is only after every month.
Then, save up money to start a business is somehow a long-term goal already since there are a lot of things to get through before finally reaching that goal.
Lastly, save up money for retirement. To be able to have a peaceful retirement life, one should prepare for it by not spending too much while still earning. This, of course, is a long-term goal.
Answer:
0.24
Explanation:
PLT restaurant sold 2500 lunch boxes for $10 last month
This month they sold increase price by $5 and sold 2,200 boxes
The first step is to calculate the percentage change in quantity
= 2500-2000/2500 × 100
= 300/2500 × 100
= 0.12 × 100
= 12%
The percentage change in price can be calculated as follows
= 10-5/10 × 100
= 5/10 × 100
= 0.5 × 100
= 50%
Therefore the price elasticity of demand can be calculated as follows
= 12%/50%
= 0.24
Answer:
Actual output would be 4,845 cranks
Explanation:
Production per week = Production per hour × Hours per day × Production per day
= 100 × 12 × 5
= 6,000 cranks
Maintenance adjusted output = Production per week × Available time
= 6,000 × 95%
= 5,700 cranks
Actual output = Maintenance adjusted output × Efficiency level
= 5,700 × 85%
= 4,845 cranks
Answer:
Karen must recognize income of $20,000 in 2019 and $500 in 2020
Explanation:
Accrual basis of accounting states that income must be recognized in the period when it is earned and expenses must also be recognized when it is incurred.
Therefore, since the goods was sold in December 2019 and $500 interest was paid with the principal in April 2020, Karen must recognize income of $20,000 in 2019 and $500 in 2020.