1. Make a financial plan.
2. Pay off any high interest debts.
3. Start saving and investing as soon as you’ve paid off your debts.
When you say equipment meaning, it can be something that can help you boost your performance in doing something related to work. Thus in the given choices, building is not an example of equipment. Devices, machines and tools are the so-called equipment that is very helpful for the employee.
Answer:
A) $14,000.
Explanation:
In the profit or loss statement, the key elements are sales and expenses and the net of these two gives the net income.
Given
Service Revenue = $40,000,
Wages Expense = $25,000
Net Income = $1,000
Total expense = $40,000 - $1,000 = $39,000
The total expense is made of the wage expense and other expenses.
Therefore, other expenses = $39,000 - $25,000
= $14,000
Answer:
Normal goods
Explanation:
In simple words, normal goods refers to the goods which re necessary for the survival for the survival for re consumer and the consumer do not take its quality into consideration while making a purchase decision.
The demand for such goods have a positive relationship with the income of consumer, that is, when the income or wages of consumer increase the demand for such goods also increases and vice versa.
The increase in demand for normal goods by consumer is sometimes also seen as an indicator of an economic growth. Clothes, vegetable and medicines are some of the many examples of normal goods.
Answer:
Income inequality ratio
Explanation:
The income inequality ratio is an incomplete picture because a single number cannot fully reflect the sources of the underlying differences in income.
Income inequality refers to the uneven distribution of income among the population of a particular place. It is the difference in the allocation of income in a particular country.
Income inequality occurs across different segments of the population such as gender(male and female), ethnic group, occupation, geographical location etc.
The Gini index is widely used to compare disparities in income.
