It will be a good idea to set up an automatic transfer every pay period because its prevents anyone from forgetting to pay yourself first as well as preventing to spend the said money.
<h3>What is an
automatic transfer?</h3>
An automatic transfer refers to an arrangement whereby a preset transfers is done from customer's account on a regular basis to another accounting.
In conclusion, the automatic transfer is very effective in maintaining a strict saving culture because its prevent the spending of disposable income.
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<em>brainly.com/question/24179665</em>
The representation of the cash flow from firm to household would be the folowing:
- The $225 per week Jake earns working for Little Havana
- The mojito Latasha receives
- Latasha's labor
<h3>What is meant by flow?</h3>
This is the term that is used to refer to the way that income gets to the household. We know that the people of the household are thiose that would go to use their skills in order to do work so that they can earn income for the labor they give out.
Hence we can say that The representation of the cash flow from firm to household would be the following:
- The $225 per week Jake earns working for Little Havana
- The mojito Latasha receives
- Latasha's labor
Read more on cash flow here;
brainly.com/question/735261
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Answer:
Initial outlay = $250,000
Annual cash inflow = 25% x $250,000 = $62,500 per annum
Payback period = <u>Initial outlay</u>
Annual cash inflow
= <u>$250,000</u>
$62,500
= 4 years
Explanation:
In this respect, there is need to calculate the annual cash inflow, which is 25% of initial outlay. Then, we will divide the initial outlay by the annual cashflow. This gives the payback period of the machine.
Therefore the cp answer is 30000
Hope this help let me know if you question
