1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slavikrds [6]
3 years ago
5

Given the following information, calculate the savings ratio:

Business
1 answer:
inessss [21]3 years ago
3 0

Answer:

$21.71%

Explanation:

Given that

Monthly saving = $760

Gross income = $3500

The computation of the savings ratio is shown below:-

Savings Ratio = (Monthly savings ÷ Gross Income) × 100

= ($760 ÷ $3,500) × 100

= $0.21 × 100

= $21.71%

Therefore for computing the saving ratio we simply divide gross profit by monthly saving and after a result we multiply by 100.

You might be interested in
Which of the poeple or insittiuations listed exercises the msot power over the quantity of money in the united states economy?
givi [52]

The United States has issued a variety of currency notes for use in paying income tax, making investments, and making purchases from colonial to current times. Alexander Hamilton establishes the Bank of the United States in order to create a system of credit for the government.

<h3>What does an increase in labor efficiency mean?</h3>

favorable change If the labor efficiency variance is in the company's favor, it means that the workforce is operating as it should and that the number of hours it spends producing is in line with the business's planned criteria.

<h3>What do the symbols on Continental currency designs represent?</h3>

In a number of designs of Continental Currency, the thirteen colonies that battled and vanquished Great Britain during the American Revolution are shown. These representations represent the aspirations and virtues of the colonies.

Learn more about banknotes:

brainly.com/question/15795738

#SPJ4

8 0
1 year ago
On January 1, Kirk Corporation had total assets of $425,000. During the month, the following activities occurred: Kirk Corporati
nadya68 [22]

Answer:

$428,000

Explanation:

The only movement that impact the total assets it's:

Kirk Corporation acquired equipment costing $3,000, promising to pay cash for it in 60 days.

Due to the equipment was finance by the supplier by 60 days it has a positive impact on assets and liabilities.

The others transactions:

  • Kirk Corporation purchased $1,750 of supplies for cash, it has no impact because the supplies was paid with cash, so the impact on assets is zero.
  • The land had cost $7,500 and it was sold for $7,500 cash.  The land it's a long term assets that was sold for cash, so it was converted to current assets in money.
  • Kirk Corporation signed an agreement, the impact it's in the next month, so it has no impact the current month analized.
3 0
3 years ago
How can I become a millionair
Crank
Lots of ways pick a subject and try hard.

8 0
3 years ago
Read 2 more answers
There are three consumers in the market for playing cards: Don, John, and Ron. At a price of $2 per pack, the quantities demande
Igoryamba

Answer:

The correct answer is B. The decrease in price causes the quantity demanded in this market to increase by 6 packs.

Explanation:

quantity demanded in this market @ $2= 3+2+1=6

quantity demanded in this market @$1.50 =4+5+3 =12

Net increase in quantity demanded is 12-6 = 6

4 0
3 years ago
The Fed buys​ $100 million of bonds from the public and also lowers the reserve requirement r. What will happen to the money​ su
Alenkasestr [34]

Answer:

The correct answer is option A.

Explanation:

When the government buys from the public it will pay them back. So the purchase of $100 million of bonds by the government means $100 million was paid to the public.  

Also, if the reserve requirement is lowered, it means the commercial banks can increase lending.  

Both these actions combined will lead to an increase in the money supply.

3 0
2 years ago
Other questions:
  • Apple inc's ipod is the dominant product in the market for mp3 players. suppose that a technology company orange recently introd
    13·2 answers
  • Which best describes how a recession develops as demand and production decrease
    5·2 answers
  • Although generous disability insurance can help those who have been permanently injured, it can also increase the likelihood tha
    15·1 answer
  • 3x + y = 2<br>4x + y=20​
    12·1 answer
  • I'LL GIVE YOU BRAINLIEST and 99 POINTS!!!
    11·2 answers
  • A company forecasts growth of 6 percent for the next five years and 3 percent thereafter. Given last year's free cash flow was $
    6·1 answer
  • Consider the following​ situation, which involves two options. Determine which option is less expensive. Are there unstated fact
    13·1 answer
  • Answer the question on the assumption that the legal reserve ratio is 20 percent. Suppose that the Fed sells $500 of government
    13·1 answer
  • For each of the following transactions for New Idea Corporation, give the accounting equation effects of the adjustments require
    5·1 answer
  • What can you add to your presentation from the Insert tab?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!