kevin earns $7460 per month. his monthly expenses include $910 in rent, $930 in recreational expenses, $430 in food, $420 in auto payments, $270 in gas and maintenance, $710 in student loan repayments, $330 in credit card payments, and $1840 in miscellaneous expenses. assuming kevin saves his monthly surplus, what is his approximate savings rate?
Answers
To calculate Kevin's approximate savings rate, we need to subtract his monthly expenses from his monthly income and divide the result by his income. Kevin's approximate savings rate is approximately 20.52%.
Kevin's monthly income = $7460
Kevin's monthly expenses = $910 (rent) + $930 (recreational expenses) + $430 (food) + $420 (auto payments) + $270 (gas and maintenance) + $710 (student loan repayments) + $330 (credit card payments) + $1840 (miscellaneous expenses) = $5930
Monthly surplus = Monthly income - Monthly expenses = $7460 - $5930 = $1530
Savings rate = (Monthly surplus / Monthly income) * 100
Savings rate = ($1530 / $7460) * 100 ≈ 20.52%
Therefore, Kevin's approximate savings rate is approximately 20.52%.
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Related Questions
Federal law states that bills must be mailed to cardholders at least ____ days before payments are due.
Answers
Federal law states that bills must be mailed to cardholders at least 21 days before payments are due.
At least 21 days ahead a payment is due, credit card businesses are required to mail credit card bills. If you are given a grace period, it must be at least 21 days long starting from the day the statement is delivered. dates for payments. Dates for payment must fall on the same day every month.
Except in cases where a variable rate changes, an incentive rate expires, or a required minimum payment is over sixty days overdue, credit card issuers are generally prohibited from raising interest rates or any penalties during the first year that an account is open.
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The Medicine Shoppe has a return on equity of 0.35, a profit
margin of 0.94, and total equity of $539,552. What is the net
income?
Answers
The net income of The Medicine Shoppe is $505,469. To calculate the net income, we can use the formula: Net Income = Return on Equity * Total Equity.
Given that the Return on Equity is 0.35 and the Total Equity is $539,552, we can substitute these values into the formula:
Net Income = 0.35 * $539,552
Net Income = $188,842.20
Therefore, the net income of The Medicine Shoppe is $188,842.20. However, since the profit margin is also provided, we can cross-verify the result using another formula:
Net Income = Profit Margin * Revenue
Since the profit margin is given as 0.94, we need to find the revenue first. We can rearrange the formula:
Profit Margin = Net Income / Revenue
Rearranging again to solve for Revenue:
Revenue = Net Income / Profit Margin
Substituting the values:
Revenue = $188,842.20 / 0.94
Revenue ≈ $200,900
The revenue is approximately $200,900. Therefore, the net income is consistent with a profit margin of 0.94.
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What are some of the ripple effects of food waste
Answers
Answer:
Increased wastage of food can prompt expanded quantities of one, which would then be able to place the second in the chain out of equilibrium. The frameworks in the chain are touchy, and even the littlest changes can have an expanding influence on a biological system, lessening its biodiversity.
Explanation:
Which of the methods for decision-making without probabilities best protects the decision-maker from undesirable results?
a. the optimistic approach
b. the conservative approach
c. minimum regret
d. minimax regret
Answers
The method for decision-making without probabilities that best protects the decision-maker from undesirable results is the conservative approach. (option b)
The conservative approach, also known as the minimax approach, involves choosing the option that minimizes the maximum possible loss or regret. This approach assumes that the worst possible outcome will occur and seeks to minimize the impact of that outcome. In other words, it is a risk-averse approach that prioritizes avoiding losses over seeking gains.
By contrast, the optimistic approach assumes that the best possible outcome will occur and focuses on maximizing potential gains. This approach may lead to more risky or aggressive decision-making, which can increase the likelihood of undesirable results.
The minimum regret and minimax regret approaches are similar to the conservative approach, but they focus on minimizing the regret associated with a decision, rather than minimizing the maximum possible loss.
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When we discuss the Evaluate phase in ACE, which question do you ask to evaluate effectiveness of your instructional visuals?
A) Answer 1: Do cues in the visual help perception of selection, organization, and integration?
B) Answer 2: Is the visual learner-friendly?
C) Answer 3: Have you weeded out the extraneous data?
Answer 4: All of the Above
Answers
The Evaluate phase in ACE as the all of the above question as the relevant to the asked the effectiveness of your instructional visuals. Thus, option (d) is correct.
What is visuals?
The term visuals refer to represent the data, charts, drawings, paintings, design and the other things as included. The visuals are the concluded, the details and the easily to find out.
The evaluation of the ACE as the instrumental visuals are the first question is the selection, organization, and integration of the relevant and the visual learner-friendly and the quickly, extraneous data. As the all of the above, the question to the included.
Therefore, option (d) is correct.
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which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? check all that apply. increasing taxes on income from savings providing tax breaks and patents for firms that pu
Answers
The policies consistent with the goal of increasing productivity and growth in developing countries are:
- providing tax breaks and patents for firms that innovate
Providing tax breaks and patents for firms that innovate encourages investment in research and development, which can lead to technological advancements and increased productivity. This policy promotes innovation-driven growth and incentivizes firms to invest in improving their processes, products, and services.
On the other hand, increasing taxes on income from savings can have a negative impact on productivity and growth. Higher taxes on savings reduce the incentive for individuals and businesses to save and invest, which can limit capital accumulation and hinder economic growth.
Therefore, out of the two options provided, only providing tax breaks and patents for firms that innovate is consistent with the goal of increasing productivity and growth in developing countries.
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Inflation is expected to increase steadily over the next 10 years, there is a positive maturity risk premium on both Treasury and corporate bonds, and the real risk-free rate of interest is expected to remain constant. Which of the following statements is CORRECT? A. The yield on 7-year corporate bonds must exceed the yield on 10-year Treasury bonds. B. The Treasury yield curve under the stated conditions would be humped rather than have a consistent positive or negative slope. C. The yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities D. The stated conditions cannot all be true they are internally inconsistent. E. The yield on any corporate bond must exceed the yields on all Treasury ; bonds.
Answers
Answer:
C. The yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities
Explanation:
Due to the fact that inflation would be rising steadily, the yield curve would be upward sloping. The yield curve would be humped if inflation is expected to increase the medium term and then decrease in the long term.
Due to increasing inflation, investors would want a higher rate of return in the long run compared to the short run. This would ensure that their purchasing power remains the same. Thus, the yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities
corporate bonds are more risky that treasury bonds. so, for the same maturity, investors would demand a higher return on corporate bonds than on treasury bonds
The marketing mix elements are called ________ because they are the responsibility of the marketing department in an organization.
Answers
Answer:
controllable factors
Explanation:
The marketing mix elements are called
controllable factors because they are the responsibility of the marketing department in an organization.
It should be noted that the marketing mix elements are are reffered to as controllable factors because the controllable factors are those steps or action that are taken in business to bring about development and to market the business products and services.
These controllable factors could be the price of the product/ services how the product is been promoted as well as places and others.
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Please use complete sentences.
What are things you can do to manage the risks in your life to reduce any financial losses?
Answers
There are a few things you'll be able do to manage risks in your life and reduce financial losses.
What are things you can do to manage the risks in your life to reduce any financial losses?One of the foremost imperative steps is to survey your dangers and distinguish potential threats, such as ailment, mishaps, or natural disasters. Once you have got recognized your dangers, you'll be able take steps to play down them, such as keeping up a sound way of life, practicing secure driving propensities, and securing your home and property.
Another imperative way to manage risk is to purchase insurance. Insurance policies can offer assistance secure you from monetary misfortunes within the occasion of an mishap, sickness, or other unforeseen occasion. Types of protections approaches you may consider incorporate wellbeing protections, life protections, inability protections, and homeowner's protections, among others.
Furthermore, it is critical to have an emergency fund in place. An an emergency fund can assist you cover unforeseen costs and avoid going into obligation within the occasion of an crisis. Specialists prescribe having at slightest three to six months' worth of living costs spared in an crisis finance.
Conclusively, it is critical to remain educated and educated about dangers and how to oversee them. You will need to consider working with a budgetary advisor who can assist you distinguish and oversee your risks, as well as create a long-term budgetary arrange that takes your dangers and objectives under consideration.
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1.1 Which statement best describes financial accounting …
A. Reports are prepared for managers and users inside the organisation
B. Provides a scorecard by which the past performance of a business is judged in
the form of financial statements which are used by stakeholders outside the
organisation
C. Conduct an official financial inspection of a company or its accounts
D. A and B only
E None of the above
Answers
suppose that the price of a good rises by 20%, causing the quantity demanded to fall by 5%. what is the absolute value of the price elasticity of demand?
Answers
The price elasticity of demand measures the responsiveness of the quantity demanded to a change in price. To calculate it, we divide the percentage change in quantity demanded by the percentage change in price.
In this case, the price of the good rose by 20% and caused the quantity demanded to fall by 5%. To calculate the absolute value of the price elasticity of demand, we use the formula:Absolute value of price elasticity of demand = (Percentage change in quantity demanded) / (Percentage change in price).
The percentage change in quantity demanded is -5% (-5/100 = -0.05) since it decreased by 5%. The percentage change in price is 20% (20/100 = 0.20) since it increased by 20%.
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1. Which of the following is an impact of increase in income tax of an individual?
A. Rise in disposable income
B. Increase in the ability to invest
C. Increase in the level of savings
D. Decrease in the purchasing power
Answers
Answer:
A
Explanation:
the answer is a because you get more free money with your income taxes therefore making more money that you can use on personal things
Who takes Personal Finance???
Answers
Explanation:
I can try and learn it really quickly...?
the effect of a material transaction that is infrequent in occurrence and unusual in nature should be presented separately as a component of income from continuing operations when the transaction results in a
Answers
Answer:
true, there is no way a good thing can be together with another thing
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Suppliers have more time to devote to postsale services because:
O A. supply chain management is no longer a critical element in the buying process.
O B. of the automation of routine transactions in the purchasing process.
O C. buyers and sellers have become independent of each other.
O D. the overall cycle time of the purchasing process has increased.
O E. of a decline in relationship-building activities between buyers and suppliers.
Reset Selection Question 48 of 50 2 Points Which of the following forms of marketing involves talking with buyers before, during, and after the sale?
O A. Personal selling
O B. Public relations
O C. Direct marketing
O D. Sales promotion
O E. Electronic marketing
Answers
The sales rep is in charge of soliciting orders from current or potential outlet stores while selling products and attending to customer demands.
What methods are there for purchasing?The systematic acquisition of goods and services for strategic purposes is referred to as purchasing. Purchasing measures are critical to ensure that the relevant materials are acquired quickly and economically.
What is a good example of buying?Buying is often more transactional and focused on the near term. It entails activities including placing orders, creating purchase requisition, receiving, and setting up payments. Instead of seeking the highest total value, buyers frequently focus on getting products at the lowest possible cost.
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Which one of the following actions would improve cash flow? HIGHIGHT ANSWER
Select one answers:
A Adopt Just in Time stock control
B Pay shareholders higher dividends
C Increase the number of days you expect your customers to pay in
D An increase in interest rates
Answers
health insurance policies attempt to minimize moral hazard by: health insurance policies attempt to minimize moral hazard by: including cost-sharing mechanisms (deductibles, copayments, etc.) selling insurance to risk seekers charging premiums calculating expected utilities
Answers
These require people to partially pay for the services they receive.Such deductible amounts policy is a consideration for the insured to reduce services and avoid making claims.
You can eliminate moral hazard by reflecting the price with accurate information.They are generally classified under the following headings good corporate governance and management market discipline exercised by depositors and other creditors regulatory discipline exercised by supervisory authorities and,in some countries,deposit insurance authorities.Moral hazard is a situation in which one party enters into a risky event knowing that it is protected against the risk and the other party will bear the cost Insurance policies companies reduce exposure to large claims. limiting your coverage or increasing premiums.Insurance companies try to mitigate the potential for adverse selection by identifying groups of people who are at higher risk than the general population and charging them higher premiums.
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In the United States, a trademark Group of answer choices must be renewed every 10 years. can be sold to potential users. has a short life. cannot be registered until it is actually in use. can easily be registered.
Answers
Answer: 10
Explanation: yahoo
Which of the following statements shows how a personal experience can
serve as the topic of an informative address?
O A. Gina watched a news story about a local athlete providing free
lessons to kids in her neighborhood and wants to sign up.
B. Gina participated in a charity bike ride and wants to teach her
audience about the impacts the organization has on her
community.
C. Gina loves to cook and wants to research other cuisines and try
new recipes to teach her audience.
O D. Gina read about a famous writer and wants to do more research
on his life and work.
Answers
Answer:
It's B
Explanation:
I took the test
At what point does an idea-driven enterprise run into problems and At what point does a market-driven enterprise run into problems?
Answers
Idea-driven businesses face unique challenges during growth. ... Their innovation is born from a deep desire to change the way people think about ... to shed light on the different stages of idea-driven business and what problems each stage ...
Idea-driven firms confront particular difficulties as they expand. Their creativity is the result of a strong desire to alter how people think, to shine a light on the many stages of the idea-driven company, and the issues that each level faces.
What is firm?A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN).
The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.
The name of the company is often used for commercial purposes, but the level of legal protection—for owners or employees—depends on the ownership structure that was used to establish the company. Corporations, for example, offer a higher level of legal protection than other forms of organizations. The idea of a mature company with a strong foundation already exists.
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In the expectations-augmented Phillips curve, π = πe - 3(u - 0.05). The inflation rate is 0.08, expected inflation rate is 0.02. The natural unemployment rate is
a. 0.18.
b. 0.02.
c. 0.06.
d. 0.03.
Answers
The natural unemployment rate (u) is 0.03, which corresponds to option d. 0.03.
The natural unemployment rate can be determined by using the expectations-augmented Phillips curve equation. Given the inflation rate (π) as 0.08 and the expected inflation rate (πe) as 0.02, we can calculate the natural unemployment rate.
In the expectations-augmented Phillips curve equation, π represents the inflation rate, and πe represents the expected inflation rate. The equation is given as π = πe - 3(u - 0.05), where u represents the unemployment rate.
Given that π = 0.08 and πe = 0.02, we can substitute these values into the equation:
0.08 = 0.02 - 3(u - 0.05)
Simplifying the equation:
0.08 = 0.02 - 3u + 0.15
Moving the terms:
0.08 - 0.02 - 0.15 = -3u
-0.09 = -3u
Dividing by -3:
0.03 = u
Therefore, the natural unemployment rate (u) is 0.03, which corresponds to option d. 0.03.
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When would you include an executive summary in a report?
Answers
Answer: Is B. When the report is 30 Pages long
Explanation: because I know
When the business cycle or economic activity is declining, the economy is said to be in....?
A
the trough
B
contraction
C
expansion
D
recovery
Answers
contraction is to decline the answer is B
Alexandria has recently begun using social media, and frank asks you what kind of business information would help him run the store more profitably and efficiently. What do you suggest?.
Answers
It can be suggested to Alexandria research customer preferences and their buying interest to run the store more profitably and efficiently.
What is Business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.
A business will achieve maximum profit only when it generates better customer satisfaction which encourages them to purchase products. In order to develop customer satisfaction the business should aware of the tastes and preferences of their customer.
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Mama C's Pizza instructs its telephone pizza order takers to pick up the telephone on the first ring and not to put customers on hold. When answering the telephone, an order taker must be energetic, friendly and let the customer hear the smile on his or her face. Mama C's guidelines for order takers' telephone answering behavior will influence which of the following service quality dimensions for Mama C's?
A) Reliability
B) Responsiveness
C) Assurance
D) Empathy
E) Tangibles
Answers
Answer:
B
Explanation:
it's responsiveness bc you're responding in a positive way and it looks better in the customer service world
100% on edge
HELP
When a company/economy is making money,
how does the demand curve shift?
B. down
A. up
D. to the left
C. to the right
Answers
Answer:
It's A, The demand curve shifts up
Explanation:
It goes up
the fill-er-up gas station has found that demand for its unleaded gasoline is fairly constant and uniform at the rate of 100,000 gallons per year. fill-er-up must pay $100 for shipping per order of gasoline, which it currently buys for $3.75/gallon. inventory carrying cost is 10% of unit cost per year. how many gallons should be ordered at a time?
Answers
The optimal order quantity for Fill-er-Up gas station is approximately 23,094 gallons based on the Economic Order Quantity (EOQ) calculation.
To determine the optimal order quantity for the Fill-er-Up gas station, we can use the Economic Order Quantity (EOQ) formula. The EOQ formula calculates the order quantity that minimizes the total cost of ordering and carrying inventory.
Let's calculate the EOQ using the given information:
Annual demand: 100,000 gallons
Ordering cost: $100 per order
Unit cost: $3.75 per gallon
Inventory carrying cost: 10% of unit cost per year
EOQ = sqrt((2 * Annual demand * Ordering cost) / Inventory carrying cost)
Substituting the values:
EOQ = sqrt((2 * 100,000 * $100) / (0.10 * $3.75))
EOQ = sqrt((2 * 100,000 * $100) / ($0.375))
EOQ = sqrt((2,000,000 * $100) / ($0.375))
EOQ = sqrt(200,000,000 / $0.375)
EOQ = sqrt(533,333,333.33)
EOQ ≈ 23,094 gallons
Therefore, based on the calculations, Fill-er-Up gas station should order approximately 23,094 gallons of gasoline at a time to minimize the total cost of ordering and carrying inventory.
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What are examples of Business, Management, and Administration careers? Select four options. Chief Executive Health and Safety Engineer Personal Financial Advisor Loan Counselor Training and Development Specialist Receptionist Postal Service Mail Carrier Administrative Assistant.
Answers
Examples of Business, Management, and Administration careers are;
Chief Executive Training and Development Specialist Receptionist, Administrative Assistant.What Is a career?A career can be regarded as a profession that individual choose in his or her life time.
Therefore, the given careers are examples of Business, Management, and Administration careers .
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Answer:
Chief Executive
Training and Development Specialist
Receptionist
Administrative Assistant
Explanation: