Answer:
9,000 minimum emergency fund
Explanation:
The emergency fund is a portion related to the monthly expenses of the family or person.
It should be as low as 3 months and about 6 month to be safe.
It is important to notice this doens't mean the cash should be under the pillow. We can have this amount investment in a high-liquity investment if wanted.
For this couple as they have 3,000 expenses they should do an eemergency fund of at least 9,000 dollars
Answer:
Explanation:
The journal entries are shown below:
On March 1
Notes receivable A/c Dr $10,400
To Service revenue A/c $10,400
(Being the acceptance of the note is recorded)
On September 1
Cash A/c Dr $10,868
To Notes receivable A/c $10,400
To Interest revenue A/c $468
(Being the cash collection is recorded)
The computation of the interest revenue is shown below:
= Notes receivable × interest rate × (number of months ÷ total number of months in a year)
= $10,400 × 9% × (6 months ÷ 12 months)
= $468
Answer:
i would go with A as the answer for this question
Explanation:
You can be.
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Good luck!
Answer:
Business umbrella approach gives inclusion to the firm against those misfortunes that may bankrupt the firm. The arrangement covers a definitive misfortune in abundance of held breaking point happens because of real injury, property harm, promoting and individual injury. A definitive misfortune is the lawful risk to which back up plan is committed to pay. As far as possible is the accessible furthest reaches of the fundamental protection. According to the umbrella arrangement, the protected needs to keep up some base measure of obligation before the case is paid by the umbrella strategy. In the event that the guaranteed is secured under some other strategy, at that point first that sum is paid and remaining sum is paid by umbrella approach in the wake of fulfilling oneself safeguarded maintenance.
The complete loss to the organization is $5 million, at that point $1 million will be paid by general obligation strategy and $1 million will be paid by business auto approach. Out of the remaining $3 million, self-safeguarded limit is $100,000 which demonstrates that $2.9 million ($3 million less 5100,000) will be paid by umbrella arrangement.
