Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 02, 2024

Chichis gross income is $120,000 and her disposable income is $90,000. Her savings ratio is 6%. What is the minimum emergency fund should she maintain?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Financial Management

Authors: Sudanshu Pandeya

1st Edition

1774695316, 978-1774695319

More Books

Students also viewed these Finance questions

Question

★★★★★

Examine the values for depreciation in 2015 and the balance for property, plant, and equipment in 2011 and 2015. What was Fincorp's gross investment in property, plant, and equipment during 2015?...

Answered: 1 week ago

Question

★★★★★

If you were to start a small business, what would it be and what kind of resources would you need to get started?

Answered: 1 week ago

Question

★★★★★

School teams may often indicate that the reports will be explained at the meeting to discuss findings. What are the barriers to doing this effectively? What sort of procedural changes in schools...

Answered: 1 week ago

Question

★★★★★

Using the following data from the comparative balance sheet of Dotte Company, illustrate horizontalanalysis. December 31, 2014 $520,000 $840,000 $2,500,000 December 31, 2013 Accounts receivable...

Answered: 1 week ago

Question

★★★★★

Priti received a call from the Law Society to schedule a spot audit. She was unable to keep the date originally agreed to and she has not been keeping proper records for her trust account. What could...

Answered: 1 week ago

Question

★★★★★

Suppose that a particular artillery piece has a range R =4000 yards . . Find its range in miles. Use the facts that 1 mile =5280 ft and 3 ft = 1 yard Express your answer in miles to three significant...

Answered: 1 week ago

Question

★★★★★

A 6 in. sch 40 pipeline carries a petroleum fraction (viscosity $15 \mathrm{cP}, \mathrm{SG} 0.85$ ) at a velocity of $7.5 \mathrm{ft} / \mathrm{s}$, from a storage tank at $1 \mathrm{~atm}$ pressure...

Answered: 1 week ago

Question

★★★★★

A 2 in. sch 40 pipe carries $\mathrm{SAE} 10$ lube oil at $100^{\circ} \mathrm{F}(\mathrm{SG}=0.928)$. The flow rate may be as high as $55 \mathrm{gpm}$, and you must select an orifice meter to...

Answered: 1 week ago

Question

★★★★★

Two items both have reorder points with service levels of 99%. One of the items is ordered 10 times a year, and the other item is ordered 20 times a year. Do these two items have the same overall...

Answered: 1 week ago

Question

★★★★★

(a) Find one more nonzero term for each of the solutions y 1 (x) and y 2 (x) in Example 8. (b) Find a series solution y(x) of the initial-value problem y'' + (cos x)y = 0, y(0) = 1, y'(0) = 1. (c)...

Answered: 1 week ago

Question

★★★★★

Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago

Question

★★★★★

Teamwork. After the class has been divided into at least two teams, take turns acting out, without speaking, roles presented by the teacher. (Objective 7)

Answered: 1 week ago

Question

★★★★★

List and explain the four characteristics of nonverbal messages.What nonverbal messages might students be sending if (a) they were leaning forward in their seats during the instructors lecture and...

Answered: 1 week ago

Question

★★★★★

If you are in a meeting and the speaker is saying something but his or her facial expressions and tone of voice seem to being saying something else, what would you believe, the words or the nonverbal...

Answered: 1 week ago

Previous Question Next Question