3 years ago

What is the relationship between an emergency fund and credit/loans

Business

1 answer:

sergey [27]3 years ago

4 0

Answer:

Explanation:

Assets in an emergency fund tend to be cash or other highly liquid assets. This reduces the need to either draw from high-interest debt options, such as credit cards or unsecured loans, or undermine your future security by tapping into retirement funds.

An emergency fund is where you save money for unexpected expenses. Using credit/loans is when you borrow money for stuff, but you have to pay back monthly payments.

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When a firm does not have the resource required for pursuing a growth strategy, and if the resource in question is not easily tr

pychu [463]

Answer:

B. Consider an outright acquisition.

3 0

3 years ago

Seojun acquired an activity several years ago, and in the current year, it generates a loss of $50,000. Seojun has AGI of $140,0

ahrayia [7]

Answer:

Seojun's Adjusted Gross income is $140,000.

Explanation: Adjusted Gross income(AGI) is a term used in Financial accounting to describe the total amount of gross income remaining after certain deductions have been made to the Gross income of a business entity over a given period of time.

Since Seojun is not a Material participant,the $50,000 loss can not be considered in calculating Seojun's Adjusted Gross income.

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3 years ago

g Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $3,290,558, accurals of $5

olga55 [171]

Answer:

$5,354,741

Explanation:

assets:

cash $3,290,558

inventory $2,657,360

accounts receivable $577,102

fixed assets $4,019,047

total assets = $10,544,067

liabilities:

accruals $576,944

accounts payable $2,519,541

notes payable $610,904

long-term debt $1,481,937

total liabilities = $5,189,326

equity = assets - liabilities = $10,544,067 - $5,189,326 = $5,354,741

5 0

4 years ago

Can somebody plz help? ASAP

aleksandrvk [35]

Answer:

More accessible goods

An increase in international trade

A rise in regional Jobs

3 0

3 years ago

Payment is only part of total compensation.

postnew [5]

That is true, hope that helps !

6 0

3 years ago