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3 years ago

Emergency funds are important because they ____________.

2 answers:

4 0

Emergency funds are important because they B. are available when they are most needed, such as after a job loss. Emergency funds that are funds set aside for an emergency, out of the options above, this is when they are most needed. It is important to have an emergency fund set up because you can not prepare for what may happen and when, but having the funds prepared incase something does allows for much less stress.

AysviL [449]3 years ago

4 0

Emergency funds are important because they are available when they are most needed, such as after a job loss. They are called emergency because they shouldn't always be used, only when it comes to a real emergency. The correct answer should be B.

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What type of financial planning focuses on issues such as paying your monthly rent, paying tuition and fees, and cost of food, w

BARSIC [14]

Personal finance is a term that covers your money management as well as saving and investing. These contain the budget, banking, insurance, mortgage, investments and retirement, tax, and estate planning. The term often directs to the entire industry that delivers financial services to people and homes and recommends financial and investment options.

Personal dreams and wishes - and plan to fulfill those essentials in your financial obstacle - also influence how you get the above. In order to use your earnings and savings most, it is necessary to be economical. Personal finance helps you learn the difference between good and bad suggestions and make intelligent financial conclusions.

Learn more about Personal finance:

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3 0

1 year ago

LaRoe Lawns’ inventory increased during the year by $6.7 million. Its accounts payable increased by $6.6 million during the same

kozerog [31]

Answer:

a. Cash paid to suppliers of merchandise during the reporting period: $44.1 million

b. A summary entry that represents the net effect of merchandise purchases during the reporting period as below:

Dr Cost of goods sold 44,000,000

Dr Inventory 6,700,000

Cr Account Payable 6,600,00

Cr Cash 44,100,000

Explanation:

We have the total amount goods buying from the supplier in the period = Cost of good sold in the period + Difference in the inventory balance of the period = $44 million + $6.7 million = $50.7 million

Thus, the additional amount owed supplier in the period is $50.7 million.

Account Payable increased by 6.6 million, it means that only 44.1 million ( that is, 50.7 million - 6.6 million) is paid during the period.

Thus, the summary will represents: Increase in COGS 44 million ( given); Increase in Inventory 6.7 million (given); Increase in account payable 6.6 million ( given) and Decrease in Cash 44.1 million ( calculated above).

4 0

3 years ago

HELP HELP HELP HELP HELP

Alekssandra [29.7K]

The answer is most likely D.

6 0

4 years ago

The ____ act criminalized securities fraud and stiffened penalties for corporate fraud.

Arte-miy333 [17]

I believe this is the Sarbanes Oxley act

3 0

3 years ago

Leichter Auto Parts, a family-owned auto parts store, began January with $ 10,500 cash. Management forecasts that collections

valkas [14]

Answer:

Northeast AutoParts's

Cash Budget

January February

Cash inflows:

Customers' credits $11,000 $15,200
Business note $8,500

Total cash inflows $19.500 $15,200

Cash outflows:

Inventory purchases ($15,600) ($14,800)
selling and adm. expenses ($2,900) ($2,900)

Total cash outflows ($18,500) ($17,700)

Monthly cash flow $1,000 ($2,500)

Initial cash balance $10,500 $11,500

Ending cash balance $11,500 $9,000

Required bank loan $0 $1,000

Total $11,500 $10,000

Explanation:

January 1, beginning cash $10,500

cash collections from customers' credits:

January $11,000
February $15,200
also a business note for $8,500 in January

estimated cash outflows:

January $15,600
February $14,800
S&A expenses $2,900 each month

Bank's minimum balance $10,000

loans in multiples of $1,000

8 0

3 years ago