I think the answer is depend on it family but for me its will become less safe because they have the children
Answer:
Liquidity is the term which is stated as the degree to which the asset or the security of the company which can be quickly sold or bought in the market at the price which states its intrinsic value.
In general term, it is defined as ease of converting the asset or security into cash.
Explanation:
The most liquid asset is cash as it is universally accepted and considered to be the standard for liquidity because it is quickly and easily be convertible into other assets., while the other tangible assets like collectibles, real estate are all relatively illiquid.
Liquidity is of different types:
1. Market liquidity - Which refers to the extent of market like stock market, real estate market.
2. Accounting liquidity - It evaluates the ease with which the company or individual could meet or fulfill the financial obligations with the liquid assets which are available to them.
The accounting liquidity is measured with following ratios - Cash ratio, Quick ratio and Current ratio.
Answer:
Edgar is a chef and the kitchen manager in an upscale restaurant. He is very knowledgeable in both the culinary and restaurant management fields. Because he possesses these technical skills, Edgar can be considered an Management by objectives (MBO)
Explanation:
Management by Objectives (MBO) has to do with management of organization in terms of their goals and ensure maximum performance is recorded. Edgar used MBO as a result helps the restaurant to harness their resources and manage it efficiently.
Answer:
$3,017
Explanation:
Calculation to determine How much, expenses can the Spencers deduct
Airfare (one ticket) $1,300
(2,600/2)
Lodging $675
Meals $555 [($1,110/2)]
Less: 50% limit $278
$277 [$555-$278]
Registration fee ($580 − $120) $460
Car rental $305
Total $3,017
($1,300+$675+$277+$450+$305)
Therefore the expenses that Spencers can deduct will be $3,017
Answer:
a. $28 per unit
b. 6,500 units
c. 25,000 units
Explanation:
a. The computation of the contribution margin per unit is shown below:
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $40.50 - $12.50
= $28 per unit
b. The formula to compute the break even point in units is shown below:
= (Fixed expenses ) ÷ (Contribution margin per unit)
= ($182,000) ÷ ($28)
= 6,500 units
c. The formula is shown below:
= (Fixed expenses + target operating income) ÷ (Contribution margin per unit)
= ($182,000 + $518,000) ÷ ($28)
= 25,000 units
