1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sunny_sXe [5.5K]
3 years ago
7

After the 2008 economic meltdown, finances were very uncertain, making saving money extremely important. To help with this, cert

ain rates were changed which affect everyone's paychecks. Social Security taxes were temporarily reduced and minimum wage was increased. This means that there was more take-home money in a paycheck which is perfect for saving. Which is the best way to deal with financial uncertainty
Business
1 answer:
inna [77]3 years ago
3 0

Answer:

Create a savings fund to cover costs in case of an emergency.

Explanation:

From the question we are informed about scenerio which happens After the 2008 economic meltdown, finances were very uncertain, making saving money extremely important. To help with this, certain rates were changed which affect everyone's paychecks. Social Security taxes were temporarily reduced and minimum wage was increased. This means that there was more take-home money in a paycheck which is perfect for saving. In this case, the best way to deal with financial uncertainty is to Create a savings fund to cover costs in case of an emergency.

Savings Fund can be regarded as mutual fund solution that is available for investors that seeks level of income that is stead, even though they are preserving the capital of their initial investment. For this objective to be achieved, Savings Funds could invest a relative amount of (80%-85%) of that particular assets in an investment with low-risk. One of the best saving funds is SBI Equity Savings Fund.

You might be interested in
XYZ Corporation manufactures orange safety suits for road workers. The following information relates to the corporation's purcha
Sholpan [36]

Answer:

$6.25 per yard

Explanation:

The computation of the standard price per yard of material for its safety suits is shown below:

Material quantity variance = Standard Price × (Actual quantity - Standard quantity)

-$5,000 = Standard price × (10,000 - 10,800)    

Standard price  = -$5,000 ÷ (-800)  

= $6.25 per yard

Hence, the standard price per yard of material for its safety suits is $6.25 per yard

7 0
3 years ago
At the beginning of the year (January 1), Buffalo Drilling has $12,000 of common stock outstanding and retained earnings of $7,1
Mrrafil [7]

Answer:

                                Statement of stockholders' equity

                              at the end of the year (December 31)

                                     <u>Common Stock</u>        <u>Retained Earning</u>       <u>Total</u>

Opening Balance              $12,000                       $7,100               $19,100

Income for the year                                                $7400              $7400

Dividend Paid                                                        ($2,100)             ($2,100)

Common stock issuance  <u> $6,900  </u>                  <u>                 </u>           <u> $6900  </u>

End of the year Balance    $18,900                    $12,400             $31300

3 0
3 years ago
Bonnie has decided to begin a retirement savings program where she will contribute to an account that will accumulate tax free t
ahrayia [7]

Answer:

This question is incomplete since the interest rate is not included and so is the requirement.  However, if it asking for the annual contributions Bonnie can make, you can calculate it as shown below and assuming a discount rate of 10%;

Explanation:

Since Bonnie's goal is $300,000, this will be the future value and you can use a financial calculator to solve for recurring deposits (PMT);

Time to retirement; N = 12

Interest rate; I/Y = 10%

Future value; FV = 300,000

One time present cashflow; PV = 0

then compute the recurring deposits; CPT PMT = 14,028.995

Therefore, she will need to contribute $14,029 every year to meet her goal.

8 0
3 years ago
Munoz, Inc., produces a special line of plastic toy racing cars. Munoz, Inc., produces the cars in batches. To manufacture a bat
cestrela7 [59]

Answer:

Explanation:

1. Calculate the efficiency variance for variable overhead setup costs.

This will be calculated as:

= Standard Hours - Actual Hours) × Standard rate

= (15000/225 × 5.25 - 15000/250 × 5) × 38

= (350 - 300) × 38

= 50 × 38

= 1900 Favourable

2) Calculate the rate variance for variable overhead setup costs.

This will be:

= Standard rate- Actual rate) × Actual Hour

= (38-40) × (15000/250 × 5)

= -2 × 300

= -600 Unfavourable

3) Calculate the flexible-budget spending variance for variable overhead setup costs.

This will be the difference between the standard cost and the actual cost. This will be:

= (15000/225×5.25 ×38) - (15000/250×5 ×40)

= 13300 - 12000

= 1300 Favourable

4) Calculate the spending variance for fixed setup overhead costs.

what formular did you use.

This will be:

= Standard Cost - Actual Cost

= 9975-12000

= -2025 Unfavorable

5 0
3 years ago
Suppose that the demand elasticity for cigarettes is equal to 2.0. If the demand elasticity for Camel cigarettes is equal to 6.0
Lostsunrise [7]

Answer:

Let understand what elastic and inelastic demand is:

- If the small change in price causes heavy change in the quantity demanded then the demand is said to be elastic.

- Opposite to it is inelastic where even there is a very high change in the price but there is not so much effect on the quantity demanded.

Here, Camel cigarettes has a price elasticity of demand which is equal to 6 which means if the price suddenly increased, the quantity demanded will decrease. If any cigarette is having price elasticity of demand less than 2, it means it has less elasticity or if price increases very much then quantity demanded will not be affected so much.

8 0
4 years ago
Other questions:
  • (n) ____________ consists of the marketing intermediaries that transport and store goods as they move through their path from pr
    13·1 answer
  • An insurance company purchases a perpetuity-due providing a geometric series of quarterly payments for a price of 100,000 based
    10·1 answer
  • Annapolis Company has two service departments (Computer Operations &amp; Maintenance Services). Annapolis has two production dep
    13·1 answer
  • Which type of critic expresses thoughts with precision, clarity, and grace, through the careful building up of ideas, a presenta
    8·1 answer
  • Mike went to the ATM to take out $20 for the movies. Later in the day, he transferred $36 to his checking account
    12·2 answers
  • In the adopter categories, the final 16 percent to adopt are similar to innovators in that they do not rely on the norms of the
    6·1 answer
  • On January 1, Alan King decided to transfer an amount from his checking account into an investment account that later will provi
    7·1 answer
  • Kearney Inc. has a factory with the following characteristics: direct labor of $82056, direct materials of $52432 fixed overhead
    11·1 answer
  • What is a commodity
    15·2 answers
  • Josie was unclear about what managers actually do since this was her first job. Fortunately her training materials explained tha
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!