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irina1246 [14]
3 years ago
13

our neighbor has monthly expenses totaling $3350. His employer has indicated that the firm is expecting to announce layoffs soon

. How much should your neighbor have in an emergency fund if he wants to cover 6 months of living expenses
Business
1 answer:
9966 [12]3 years ago
3 0

Answer:

$20,100

Explanation:

You will have to multiply the monthly expenses by 6

$3,350 x 6

= $20,100

A layoff is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees for business reasons, such as personnel management or downsizing an organization.

When calculating how much you will need, don't plan for just your largest bills. You'll need enough to cover mortgage or rent and vehicle payments, but you will also need to pay utilities, credit cards, insurance, and buy groceries. Everything that's in your normal budget should be considered.

Though you may spend lesser since you're no longer going to work BUT you must consider your normal monthly budget.

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g Crane Corporation incurred the following costs while manufacturing its product. Materials used in product$126,400Advertising e
IgorC [24]

Answer:

124,300

Explanation:

Finished goods is the inventory which is completed during the period and is ready to be sold out. Finished goods is a part of available for sale inventory of a company. Crane corporations finished goods inventory on the year end December 31 is 124,300. This is calculated as follows,

Finished goods inventory = Beginning Work in process - Materials added  - Ending work in process .

Finished goods inventory = $14,600 + $126,400 - $16,700

Finished goods inventory = 124,300

5 0
3 years ago
An electronics company makes communications devices for military contracts. The company just completed two contracts. The navy c
Lera25 [3.4K]

Answer:

Explanation:

For Navy contract, the total number of man hours put into production will be:

= 27 × 40 × 2

= 2160 man hours

Then, the units produced per labor hour will be:

= 2540 devices / 2160

= 1.176 units per labor hour.

For Army contracts, the total number of man hours put into production will be:

= 37 × 40 × 3

= 4440 man hours

Then, the units produced per labor hour will be:

= 5940/4440

= 1.338 units per labor hour.

3 0
2 years ago
How is the annual percentage rate (APR) on a loan different
Maurinko [17]

The answer to your question is C. The APR includes interest and fees

5 0
2 years ago
The johnsons are in an auto accident with a driver who lives near them in the same town. no one is injured and the johnsons' car
jek_recluse [69]

The Johnson's can't sue the driver in the Federal Court because the Johnson's live in the same state (since the driver lives near the Johnson's in the same time) and the damages ($5,000.00) are too small.  

6 0
3 years ago
A(n) ______ is maintained for each financial statement item, whereas a(n) ______ contains all of the accounts of the company.
Svetllana [295]

Answer:

An <u>account</u> is maintained for each financial statement item, whereas a(n) <u>general ledger</u> contains all of the accounts of the company.

Explanation:

Financial statements refers to a statement that that provides formal records of all financial activities and standing of a company or any entity in a structured and easily understandable manner.

For each item of financial statement, an account is kept with the aim of giving a an accurate record of all business activities that are germane to that specific financial statement item.

The purpose of a general ledger is to show individual transactions and resulting account balance of each account of a company as a single collection.

Therefore, an <u>account</u> is maintained for each financial statement item, whereas a(n) <u>general ledger</u> contains all of the accounts of the company.

4 0
2 years ago
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