The answer to the case illustrated in the question given is (C) No; she should save more for her emergency fund because she has saved less than the recommended amount.
This is because her emergency fund is actually less than the amount that most people recommend you should have: which is at least around 3 months’ worth of your living expense. It is even better if you can save for at least 6 months’ worth of your living expense.
Answer:
Opportunity cost is $10
Explanation:
Opportunity cost is the concept in economics that looks at the cost of doing an activity, that is the foregone alternative.
Ali decides to attend a one-hour review session in so doing he has foregone one hour's wages where he works. As one hour pays $10, he has lost $10 for attending the review session.
The secured credit cards are backed by a collateral deposit against the risk of default in repayment by the cardholder. Each card is liable to be repaid by the cardholder with the amount of purchases being made.
<h3>What is a credit card?</h3>
A card, or a form of plastic money, issued by a financial institution in such a way that the person to whom such card is issued can utilize it to purchase goods and services on credit, is known as a credit card.
A secured credit card is a safe and risk-free form of issue for the issuer, as it is covered by a security deposit as a collateral. Repayment is done either out of the deposits, or by manual payment by the cardholder.
Hence, the significance of a credit cards is given.
Learn more about credit cards here:
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The existence of the underground economy causes gross domestic product (gdp) statistics to understate the true volume of economic activity. An underground economy unrecorded and untaxed economic activity by the government. An underground economic is also known as the black market. Gross domestic product also know as GDP is the total value of goods and services provided in a country during one year.
Answer:
$ 2 per unit on average
Explanation:
Calculation for what the financial advantage (disadvantage) of purchasing the parts from the outside supplier would be:
First step is to calculate the Relevant cost of making
Relevant cost of making = 9 + 7 + 1 + ( 5 * 80 % ) Relevant cost of making= $ 21
Now let calculate the Financial advantage of buying
Financial advantage of buying = ( 21 - 19 )
Financial advantage of buying= $ 2 per unit on average
Therefore the financial advantage (disadvantage) of purchasing the parts from the outside supplier would be:$ 2 per unit on average
