Answer: Jackson would decrease CASH and increase EXPENSES in the accounting equation.
Explanation: Jackson would lose cash by spending his money and his Living expenses will also rise along with it.
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Answer:
Positive out comes in saving money is helping u make an investment in what ur passionate in.
Explanation: like say u want to buy or invest into a career by saving ur money you can get to that point and that is basically a positive outcome for you and the money you have saved.
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Answer:
Current Ratio= Current Assets/ Current Liabilities
Explanation:
Current Ratio= Current Assets/ Current Liabilities
The current ratio is an important measure of a company's ability to pay its short term obligations. It is defined as current assets divided by current liabilities.
Current assets are cash and other resources that are expected to be sold or used within one year or the company's operating cycle , whichever is longer. Examples are cash, short term investments , accounts receivable, short term notes receivable, goods for sale ( called merchandise or inventory) and prepaid expenses. Prepaid expenses are usually listed last because they will not be converted to cash ( instead they are used).
Current liabilities are obligations due to be paid or settled within one year of operating cycle, whichever is longer. they are usually settled by paying out current assets such as cash . Current liabilities often include accounts payable , notes payable, wages payable, taxes payable, interest payable and unearned revenues. Also any portion of a long term liability due to be paid within one year or the operating cycle whichever is longer is a current liability.
The minimum amount that Alyssa must <em>earn per month</em> to cover her budget is $4,062.50.
Data and Calculations:
Monthly expenditures = $3,250
Taxes and other deductions = 20% of monthly income
Monthly expenditures in percentage = 80% (1 - 20%)
Minimum income per month = $4,062.50 ($3,250/80%)
Thus, the minimum amount that Alyssa must <em>earn per month</em> to cover her budget is $4,062.50.
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