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2 years ago

Which of the following is the best way to prepare for a financial emergency?

Business

2 answers:

ludmilkaskok [199]2 years ago

7 0

Answer:

The correct answer is letter "A": depositing a percentage of your paycheck into an interest-bearing savings account each month.

Explanation:

It is recommended that individuals save at least 20% of their paychecks. Those funds can be useful in front of financial hardship which could include changes in the overall economy or a massive lay-off at work. <em>That money could be saved in a bank so that the individual takes advantage of the interest rates the bank offers for keeping the money saved.</em> In such a way, the amount of money will be increasing slowly but safely. Bank accounts in the U.S. are covered by the Federal Deposit Insurance Corporation (FDIC).

Ksju [112]2 years ago

3 0

Answer:

Explanation:

Should be A as your savings account will accrue interest and the stock market is volatile.

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"A forklift will last for only 2 more years. It costs $5,000 a year to maintain. For $20,000 you can buy a new lift that can las

BabaBlast [244]

Answer:

a. $2,465.82

b. $3,539.68

c. Yes, we should

Explanation:

Annual cost to maintain old forklift is $5,000

Equivalent Annual Cost (EAC) of new forklift = (Asset price x discount rate)/(1-(1+discount rate)-n), in which n is the number of year for usage of this forklift?

If discount rate is 4% per year, the EAC of new forklift is $2,465.82

= ($20,000x4%)/(1-(1+4%)-10)

If discount rate is 12% per year, the EAC of new forklift is $3,539.68

= ($20,000x12%)/(1-(1+12%)-10)

We should replace because with such above discount rate, the old forklift is more costly than the new one

5 0

2 years ago

High Shore Inc. adopts a new technology purely out of social pressure. In this case, High Shore Inc. would be classified as part

Karolina [17]

<span>High Shore Inc. adopts a new technology purely out of social pressure. In this case, High Shore Inc. would be classified as part of the early group of adopters of new technology. Those that adopt a new technology early on, typically tend to be more profitable but also more critical. Though the adaptation came from social pressure, High Shore Inc. still has expectations that the technology needs to meet to maintain their companies growing needs. </span>

5 0

3 years ago

True or false: the essential notion underlying strategic trade policy is imperfect competition.

DiKsa [7]

Answer: TRUE.

The essential notion underlying strategic trade policy is imperfect competition. Strategic trade policy is also referred as Strategic trade theory that includes the policies adopted by a country to understand the outcome of strategic interaction between various firms.

3 0

3 years ago

4. Which of the following statements is TRUE?

wel

Answer:

Explanation:

Anyone can be a victim of fraud, there are sime out there that are sophisticated fraudsters and have created websites, etc that look legitimate with a security certification off of google.

4 0

2 years ago

A. On April 1, the company hired an attorney for a flat monthly fee of $500. Payment for April legal services was made by the co

uranmaximum [27]

Answer and Explanation:

The journal entries are shown below:

1 Legal fees expense $500

To Legal fees payable $500

(Being accrued expense is recorded)

2 Legal fees payable $500

To Cash $500

(Being amount paid is recorded)

3 Interest expense $2,007

To Interest payable $2,007

(Being accrued interest is recorded)

4 Interest payable $2,007

Interest expense $4,013

To Cash $6,020

(Being interest paid is recorded)

5 Salaries and wages expense $11,200

To Salaries and wages payable $11,200

(Being accrued expense is recorded)

6 Salaries and wages payable $11,200

Salaries and wages expense $2,800

To Cash $14,000

(Being salaries and wages paid is recorded)

8 0

3 years ago