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Hunter-Best [27]
2 years ago
14

What term can be used to describe the situation where your fixed and variable expenses are higher than your net income.(1 point)

Business
1 answer:
Pepsi [2]2 years ago
8 0

The term that describes the situation where <em>fixed and variable </em><em>expenses</em><em> are higher than</em> net income is <em>D. dissaving.</em>

Dissaving happens when an individual is spending from either previous savings or borrowing to fund current expenses.

Dissaving is commoner with retirees than those currently employed. But it can also happen to currently-employed persons, whose expenses are more than their incomes. They should find strategies to stop the negative saving. Otherwise, their debts may be overbearing in future.

Thus, dissaving means negative saving or <em>spending more than income.</em>

Learn more: brainly.com/question/13954775

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3 years ago
Using the following year-end information for WorkFit calculate the acid-test ratio:
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Answer:

0.97

Explanation:

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= Quick assets ÷ current liabilities

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= ($58,110 + $14,000 + $58,000 + $5,600) ÷ ($108,000 + $31,900)

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7 0
2 years ago
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Nataly_w [17]
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8 0
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Which of the following is true of business ethics? Multiple Choice It examines ethical situations related to services that may d
jenyasd209 [6]

Answer: It examines ethical rules and principles within a commercial context

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Business ethics is concerned with distinguishing between right and wrong actions and decisions that arise in a business setting.

Customers, management, and employees all appreciate honest and ethical practices. Business ethics are vital because they help maintain a great reputation, help avoid significant financial and legal issues, and ultimately benefit everyone involved.

6 0
3 years ago
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frutty [35]

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what is income tax? the tax levied on the income of a company or individual is known as income tax. Income taxable income can come from various sources, including wages, salaries, dividends, interest, loyalty, rent, gambling prizes, and product sales.

Learn more about Income tax here brainly.com/question/26316390

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8 0
1 year ago
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