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3 years ago

I just want to know if my answer is correct

Business

1 answer:

nataly862011 [7]3 years ago

3 0

Answer:

The correct answer is letter "A": 20% of income.

Explanation:

The percentage of savings of people will directly depend on their income. Employees earning the minimum wage are likely to use the most of their salary paying bills which will give them few to no opportunity for saving. On the other hand, executives with annual income above the average have more chances to save a good percentage of the money they receive monthly according to their expenses.

However, for a person who receives an average salary that allows covering expenditure and having some free money a bank account, at least should be saving 20% of that income. Besides, according to the 50/20/30 budget rule, <em>50% of the salary should be spent on needs, 30% on wants, and 20% on savings</em>.

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Use the information below for Harding Company to answer the questions that follow.Harding Company Accounts payable: $40,000Accou

Gennadij [26K]

Answer:

Quick assets = $131,000

Working capital = $128,000

Quick ratio = 1.7 times

Explanation:

The computations are shown below:

Quick assets = Cash + account receivable + marketable securities

= $30,000 + $65,000 + $36,000

= $131,000

Working capital = Current assets - current liabilities

where,

Current assets = Cash + account receivable + marketable securities + prepaid expenses + inventory

= $30,000 + $65,000 + $36,000 + $2,000 + $72,000

= $205,000

And, the current liabilities is

= Accounts payable + Accrued liabilities + Notes payable (short-term)

= $40,000 + $7,000 + $30,000

= $77,000

So, the working capital is

= $205,000 - $77,000

= $128,000

Now the quick ratio

= Quick assets ÷ current liabilities

= $131,000 ÷ $77,000

= 1.7 times

4 0

3 years ago

A publisher is deciding whether or not to invest in a new printer. The printer would cost $900, and would increase the cash flow

OLEGan [10]

Answer:

If the interest rate is 12% and the cash flow in year 1 is 500 and 800 in year 3 we will discount these 2 payments buy 12% and if the present value of these 2 payments is more than 900 than the investment is worthy

500/1.12=446.42+

800/1.12^3= 569.42

==1015.85

The present values of the cash flow (1015.85) are more than the initial investment (900) therefore the publisher should invest.

If the interest rate is 25% and the cash flows are 500 in year 1 and 800 in year 2 we need to discount these by 25% and see if the present value of the cash flows are more or less than 900 which is the initial investment.

500/1.25=400+

800/1.25^=512

=912

912 is the present value of cash flows which is more than the initial investment of 900 therefore the investment would have taken place.

Explanation:

3 0

3 years ago

Which of the following directly generates revenue for a business?

BartSMP [9]

Answer:

Assets is the answer. A is correct

7 0

3 years ago

Read 2 more answers

Justin deposits $4,000 into an IRA account that earns an annual interest rate of 6.5%. If he makes no additional deposits, how m

Liula [17]

Answer:

The Future value at year time is $4,260

Explanation:

The future value at the end of the year one can be found by using the compounding formula which is as under:

Future Value = Present Value * (1 +r)^n

Future Value = $4,000 * (1.065)^ 1 = $4,260

8 0

3 years ago

People who are not currently employed but say they want a job are counted as unemployed only if they _____

shtirl [24]

Answer:

Explanation:

a. have previously held a job.

b. are actively seeking employment at least in the past 4 weeks.

c. are only willing to accept a reasonable offer.

d.are more than 21 years of age.

A person is unemployed if she does not have a job but is actively seeking employment

types of unemployment

structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.

The geologist lost his hob permanently due to increase in wages (polices)

Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.

Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.

3 0

3 years ago