he confirmation of existing accounts payable does not prove the completeness of recorded accounts payable. TRUE or false
Answers
The statement "The confirmation of existing accounts payable does not prove the completeness of recorded accounts payable" is true.
Confirmation of existing accounts payable refers to the process of verifying the accuracy and authenticity of the amounts owed by a company to its suppliers or creditors. This is typically done by comparing the company's records with the records of the suppliers or creditors, or by directly contacting them to confirm the outstanding balances. Confirmations help in detecting errors, discrepancies, and potential fraud.
However, confirming existing accounts payable does not guarantee the completeness of recorded accounts payable. Completeness refers to ensuring that all transactions and obligations that should be recorded in the financial statements are actually recorded. There may be instances where certain payables have not been entered into the company's records, and as a result, are not part of the confirmation process.
Some reasons for incomplete accounts payable records may include data entry errors, timing differences, or intentional manipulation of financial data. It is important for a company to maintain proper internal controls and regularly review its accounting processes to ensure the completeness and accuracy of all financial information.
In summary, while confirming existing accounts payable is a valuable tool in verifying the accuracy of recorded payables, it does not provide complete assurance that all accounts payable have been properly recorded. To ensure completeness, companies should implement robust internal controls, conduct regular reviews, and maintain accurate documentation.
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Related Questions
During 2020, Blue Company purchased inventory costing $80,000 and sold the inventory to its wholly-owned subsidiary, Red, for $100,000 before December 31, 2020. The following elimination entry in consolidation was made for profit deferred on intercompany inventory events:
Sales 100,000
Cost of goods 80,000
Inventory 20,000
During 2021 all of the profit deferred on this intercompany inventory sale in 2020 was recognized when the inventory was sold to third parties for $120,000. What elimination entry is needed in consolidation in 2021?
Answers
In 2021, the consolidation entry needed to eliminate the profit deferred on the intercompany inventory sale in 2020 will be: Retained Earnings 20,000.
In 2020, Blue Company sold inventory to its wholly-owned subsidiary, Red, for $100,000. To eliminate the intercompany profit, an elimination entry was made in the consolidation process. This entry reduced Sales by $100,000 and Cost of Goods Sold by $80,000, with the remaining $20,000 recorded as Inventory.
In 2021, when Red sells the inventory to third parties for $120,000, the deferred profit from the intercompany sale in 2020 needs to be recognized. Since the gross profit was deferred in 2020, it was not recognized in that year's income statement. To recognize the profit in 2021, an entry is made in the consolidation process to increase Retained Earnings by $20,000. This entry reflects the portion of the profit that was deferred in the previous year and now needs to be included in the consolidated financial statements for the current year.
By making this elimination entry, the consolidated financial statements for 2021 will accurately reflect the recognition of the deferred profit on the intercompany inventory sale made in 2020.
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After considering three possible marketing research firms, a chain of fitness centers has hired what they believe to be the best one for their project, an important customer service study intended to help the business grow. Companies look for a variety of characteristics when they hire a marketing research firm. Describe three characteristics the fitness center looks for in a marketing research firm, and explain why each is important
Answers
When a fitness center is considering hiring a marketing research firm, there are three key characteristics they typically look for Expertise in the fitness industry, Methodological rigor and data analysis capabilities, and Customization and client collaboration
1. Expertise in the fitness industry:
The fitness center would value a marketing research firm that has specific knowledge and experience in the fitness industry. This expertise allows the firm to understand the unique challenges, trends, and customer behaviors within the fitness market. By having a deep understanding of the industry, the research firm can provide valuable insights and recommendations tailored specifically to the fitness center's needs. It saves time and effort in explaining industry-specific concepts, resulting in more accurate and relevant research outcomes.
2. Methodological rigor and data analysis capabilities:
Another important characteristic is the marketing research firm's ability to employ rigorous methodologies and conduct thorough data analysis. The firm should have a track record of using reliable and valid research methods, such as surveys, focus groups, or observational studies, to gather data. They should also possess strong analytical skills to interpret the collected data effectively. This ensures that the research findings are accurate, reliable, and actionable, enabling the fitness center to make informed decisions and develop effective strategies.
3. Customization and client collaboration:
The fitness center seeks a marketing research firm that emphasizes customization and collaboration. Each fitness center has its unique goals, target market, and operational context. Therefore, the research firm should be willing to tailor their approach and methodologies to meet the specific needs of the fitness center. Moreover, effective collaboration between the research firm and the fitness center is essential. The firm should actively engage with the fitness center's management team, listen to their requirements, and involve them in the research process.
By considering these three characteristics—expertise in the fitness industry, methodological rigor, data analysis capabilities, and customization and client collaboration—the fitness center can choose a marketing research firm that can provide valuable insights and support their customer service study effectively.
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Which of the following is an example of internal data in a marketing
information system?
A. Statistics showing the relationship between the company's ad
spending and competitors' sales
B. Trends in consumers' use of social media
C. Spending levels for advertising in each type of media
D. Populations of cities where the company has customers
Answers
Answer:
c
Explanation
i think
The example of internal data in a marketing information system is spending levels for advertising in each type of media.
What is internal data in marketing?Internal data is referred to that information that resides within the business atmosphere itself and could be controlled by the managing authorities of the business.
Therefore, the budget that would be spent on advertising media is generated in the business by covering the factors of marketing plans.
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Customer value depends on the product’s cost versus the perceived ________ the buyer received
Answers
Customer value depends on the product's cost versus the perceived benefits the buyer received.
Value is the satisfaction that a consumer derives from a product or service and is the difference between the perceived benefits and the perceived costs of the item.In other words, customer value is the difference between the total value that a customer perceives from a product and the total cost of the product. If the perceived benefits are greater than the cost, the customer will perceive the product as having high value.
On the other hand, if the cost is greater than the perceived benefits, the customer will perceive the product as having low value. Therefore, companies must strive to deliver products that offer greater perceived benefits than their cost in order to create value for their customers.
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our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Answers
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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identify whether each of the following items increases or decreases cash flow. assume the firm pays taxes. Increases/Decreases Cash Flovw Increase in accounts receivable Increase in notes payable Depreciation expense Increase in investments Decrease in accounts payable Decrease in prepaid expenses Increase in inventory Dividend payment Increase in accrued expenses
Answers
Increase in accounts receivable, decrease in accounts payable, and Increase in inventory decreases the cash flow.
Increase in notes payable, Decrease in prepaid expenses, and Increase in accrued expenses increases the cash flow.
Depreciation expense has no direct impact on cash flow.
The impact of the following items on the cash flow, assuming the firms pay taxes is:
1. Increase in accounts receivable: Decreases cash flow, as it represents the amount owed to the firm but not yet collected.
2. Increase in notes payable: Increases cash flow, as the firm is borrowing more funds.
3. Depreciation expense: No direct impact on cash flow, as it is a non-cash expense. Increase in investments: Decreases cash flow, as the firm is using cash to purchase investments.
4. Decrease in accounts payable: Decreases cash flow, as the firm is paying off its liabilities and using cash.
5. Decrease in prepaid expenses: Increases cash flow, as the firm is using less cash for prepayments, making more cash available.
6. Increase in inventory: Decreases cash flow, as the firm is using cash to purchase more inventory. Dividend payment: Decreases cash flow, as the firm is distributing cash to shareholders.
7. Increase in accrued expenses: Increases cash flow, as the firm is recognizing liabilities but not yet paying them in cash.
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Marian received an extra principal payment on the loan her business made to another company. What activity does this exemplify?
Answers
Marian received an extra principal payment on the loan her business made to another company. What activity is what is called investing activity.
What is meant by investing activity?This is the term that has to do with all of the activities that a person would engage in that would be able to bring in an increase in cash.
This is an investment activity because we can see that she was the one that gave the loan, hence she would be receiving more money for the loan when it is paid back to her.
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the end finished good product item in a bill of materials experiences dependent demand
Answers
The end finished good product item in a bill of materials experiences dependent demand. The correct option is b) dependent demand.
This is because the demand for the end product is directly related to the demand for the components or raw materials required to manufacture it. The quantity of the finished product that can be produced is limited by the availability of these components or raw materials. In contrast, independent demand refers to demand for a product that is not affected by the demand for any other product.
For example, the demand for a specific brand of phone is independent, as it is not affected by the demand for any other product. In summary, the end finished good product item in a bill of materials experiences dependent demand, as its demand is influenced by the demand for the components or raw materials required to manufacture it. The correct option is b) dependent demand.
The complete question is:
The end finished good product item in a bill of materials experiences:
a) Independent demand
b) Dependent demand
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Assessment
71
Companies already on the stock market get to choose the price of their stocks.
True
False
Answers
Answer:
false cause people they alr on the stock market
The highest yielding savings accounts are paying historically low interest rates, so Maria is only able to get a 1% annual interest rate for her savings account. Assuming interest rates do not change, use the Rule of 72 to approximate how many years it will take for her to DOUBLE her money in this account?
Answers
Using the rule of 72 it is going to take Maria a period of 72 years in order to be able to double the money that is in her account.
What is the rule of 72?This is the term that is used to refer to the rule that helps to tell us of the number of years that would be needed in order to be able to double the amount of invested money of a person.
The formula for the rule of 72 is given as
t = 72 / r
where
t = years
r = rate in percentage
Hence we can say that
72 / 1%
Hence the period that it would take to double the money would be 72 years.
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Your answer is partially correct. Try again. Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales January February March $237,000 230,100 329,800 Budgeted D.M. Purchases $33,500 38,900 38,300 Nieto's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Nieto's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase. (a) Prepare a schedule of expected collections from customers for March. NIETO COMPANY Expected Collections from Customers March March cash sales 98940 Collection of January credit sales 59799.60 Collection of February credit sales 80535 Collection of March credit sales 23086 Total collections 262360.60 (b) Prepare a schedule of expected payments for direct materials for March. NIETO COMPANY Expected Payments for Direct Materials March March cash purchases 19150 Payment of March credit purchases 7660 Payment of February credit purchases 11670 Total payments 38480 Click if you would like to Show Work for this question: Qren Show Work
Answers
The answers are,
a). Total expected cash collections $ 262,834
b). Total expected payments $ 57,810. The correct option is (a) and (b).
The solution to the question is given below:
a) Schedule of expected collections from customers for March is as follows:
Expected Cash Collections:
March Cash Sales 30% $ 329,800 × 30% $ 98,940
Collections from January credit sales 60% × 237,000 $ 142,200
Collections from February credit sales: 50% × $ 230,100 $ 115,050 36% × $ 230,100 $ 82,836
Less: Uncollectible accounts (4% × $ 329,800) $ 13,192
Total expected cash collections $ 262,834
b) Schedule of expected payments for direct materials for March is as follows:
Expected Payments for Direct Materials: March Cash Purchases 50% $ 38,300 × 50% $ 19,150
Payment of February Credit Purchases:60% × $ 38,900 $ 23,340
Payment of March Credit Purchases:40% × $ 38,300 $ 15,320
Total expected payments $ 57,810
Therefore, the correct option is (a) and (b).
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The full cost of attendance to an institute of higher education, including tuition, room and board, books and other costs is known as _____.
A. Sticker price
B. A full ride
C. The reduced price
D: The net cost
Answers
Answer:
A. Sticker Price
Explanation:
The full cost of attendance to an institute of higher education, including tuition, room and board, books and other costs is known as Sticker Price.
A child is riding the carousel at a county fair. The distance, d, in meters, that the child is from a fence is modeled by the trigonometric function d (t) = 4.5+ 2.5 sin (Ft), where t represents time, in seconds. Determine whether each statement regarding the graph of this function is true or false. Select True or False for each statement. Statement True False The period of the graph is 6. О. The amplitude of the graph is 5. o The midline of the graph is at 4.5. O o The y-intercept of the graph is at 4.5. O o The minimum value of the graph is 2.5. O O
Answers
Looking at the given trigonometric function, d(t) = 4.5 + 2.5 sin(Ft), we can make the following observations:
The coefficient of the sine function is 2.5, which represents the amplitude of the graph. Therefore, the statement "The amplitude of the graph is 5" is false since the amplitude is only 2.5.
The constant term in the function is 4.5, which represents the midline of the graph. Hence, the statement "The midline of the graph is at 4.5" is true.
The period of a sine function is given by p = 2π/F, where F is the coefficient of the independent variable (in this case t). So, for the given function, the period is p = 2π/F = 2π/1 = 2π seconds. However, the statement "The period of the graph is 6" is false because it's not equal to 2π.
The y-intercept of a function is the value of the dependent variable when the independent variable is zero. For the given function, when t=0, we have d(0) = 4.5 + 2.5sin(0) = 4.5. So, the statement "The y-intercept of the graph is at 4.5" is true.
Finally, the minimum value of a sine function is -A, where A is the amplitude. So, for the given function, the minimum value is -2.5. Therefore, the statement "The minimum value of the graph is 2.5" is false.
In conclusion, out of the five statements provided, three are false and two are true.
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Please help!
Questions below!
Answers
1. Players in Game B would likely rate their game as more fair than Game A, since the starting wealth and salaries are more evenly distributed.
What is Game?Game is a form of activity that involves competing for entertainment, often with a set of rules and goals. It is usually thought of as an activity involving physical or mental skill. Games are often used as a form of entertainment, as well as a way to learn or practice skills, often in a competitive environment. Examples of popular games include board games, card games, dice games, outdoor sports, computer and video games, and many more.
2. The middle class players would likely rate the game as most fair since they have the highest salary and the most balanced starting wealth in both games.
3. The upper class players are likely to cheat the most since they have the most wealth and the highest salaries in both games.
4. Game B gives players the most opportunity for success since the starting wealth and salaries are more evenly distributed, giving everyone a better chance at success.
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What are work-study programs? PLEASE HELP
A. Businesses where students earn college credit for working
B. Jobs that allow students to study at the workplace
C. Part-time on-campus jobs based on financial need
D. Career opportunities promised for immediately after graduation.
Answers
Answer:
C
Explanation:
The answer should be Part-time on-campus jobs based on financial need
how does the aging of the population pose a threat to firms? a. delayed retirement keeps people in positions when they are no longer able to effectively do their jobs. b. it becomes more difficult for firms to hire and retain a workforce that meets their needs. c. older and more experienced workers demand higher salaries, boosting production costs. d. older people have limited purchasing power
Answers
The aging of the population poses a threat to firms as it becomes more difficult for firms to hire and retain a workforce that meets their needs.
The population aging poses a threat to firms as it becomes difficult for firms to hire and retain a workforce that meets their needs. Option(B) is correct answer.
This is so because as the population ages, there are more people who are no longer able to effectively do their jobs, thus, making it difficult for firms to hire a workforce that meets their needs. Also, the aging of the population poses a threat to firms because older and more experienced workers demand higher salaries, boosting production costs.
This makes it difficult for firms to increase their production because they will have to pay more money to hire experienced and skilled workers. Therefore, it can be deduced that option B: it becomes more difficult for firms to hire and retain a workforce that meets their needs is the correct option as it highlights the major threat posed to firms by the aging of the population.
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The price of a Honda Accord
a. and the price of a Honda Accord divided by the price of a Honda Civic are both real variables
b. and the price of a Honda Accord divided by the price of Honda Civic are both nominal variables.
c. is a real variable, and the price of a Honda Accord divided by a Honda Civic is a nominal variable.
d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.
Answers
Answer:
d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.
Explanation:
In domain of economics, nominal varable are value that can be measured in terms of it's monetary value of the price that exist at that particular period of time. For instance blood type and genotype.
real value on the other hand is been measured based on goods/services, it's is the value even when inflation has set in.
Which of the following best describes entrepreneurial personality traits?
a
Risk averse and co-dependent.
Appreciate direction from others and risk averse.
Tolerant of uncertainty and highly energetic.
Prefer to work less hours and prefer to give directions and let others do the foot work
d
estion 5 (1 point
Hetailed written statement that describes the nature of the business, the customer segment, the
Answers
Tolerant of uncertainty and highly energetic.
The two important entrepreneurial personality traits are tolerance of uncertainty and high energy levels. Hence, Option (B) is correct.
Entrepreneurs must be tolerant of uncertainty because starting and running a business involves inherent risks and unpredictable outcomes.
They face numerous challenges, from market fluctuations to competition and unforeseen obstacles.
Tolerating uncertainty means they can handle the stress and pressure associated with these situations, adapt to changing circumstances, and make informed decisions amidst ambiguity.
High energy levels are crucial for entrepreneurs because they often work long hours, face multiple responsibilities, and encounter numerous demands.
Entrepreneurship requires dedication, passion, and a relentless drive to achieve goals.
Thus, these two traits, that are tolerance of uncertainty and high energy levels, are foundational for entrepreneurs.
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Which of the following best describes entrepreneurial personality traits?
A. Risk-averse and self-nurturing
B. Tolerant of uncertainty and highly energetic
C. Appreciative of direction from others and risk-averse
D. Preference for working fewer hours and letting others do the footwork
what will the effects be on the u.s. economy in the long run when it comes to output, price level, and nominal wages?
Answers
The effects on the US economy in the long run when it comes to output, price level, and nominal wages is Output will remain unchanged; the price level will decrease; nominal wages will decrease. Thsu option D is correct.
What is the economy?The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.
In terms of output, price level, and nominal wages, the long-term consequences on the American economy are The price level will fall, nominal wages will decline, and output will stay the same.
Therefore, option D is appropriate.
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What will the effects be on the U.S. economy in the long run when it comes to output, price level, and nominal wages?
Choose one:
A. Output will remain unchanged; the price level will remain unchanged; nominal wages will remain unchanged.
B. Output will remain unchanged; the price level will remain unchanged; nominal wages will decrease.
C. Output will decrease; the price level will decrease; nominal wages will decrease.
D. Output will remain unchanged; the price level will decrease; nominal wages will decrease.
E. Output will increase; the price level will increase; nominal wages will increase.
Barry Olson has mastered strong technical skills as the manager of a large toy store. He is very skilled at all the aspects of managing the store and the employees of the store. Soon, he will take a new position as regional manager for several toy stores. His boss remarked to him last week that he will be utilizing his _____ skills to communicate, coach, and motivate managers who have positions similar to his old position.
Answers
Answer:
human
Explanation:
Human skills are the skills that can be related to one another. The person who have the strong human skills that could easily engaged with the audience, potential customer. ALso at the same time they would able to connect with the people and those people who feel the individual at personally level
So as per the given situation it is a human skills
Son los que se produjeron en determinado periodo: los costos de los productos vendidos o los costos de los que se encuentran en proceso
Answers
La respuesta correcta para esta pregunta abierta es la siguiente.
A pesar de que no se anexan opciones o incisos para responder, podemos decir lo siguiente.
Aquí estamos hablando de los costos históricos. Estos costos son los que se produjeron en determinado periodo: los costos de los productos vendidos o los costos de los que se encuentran en proceso.
Un buen contador dentro de la empresa, se basará en estos costos históricos para poder predecir o proyectar los costos predeterminados y tener cierta información de lo que puede suceder a corto o mediano plazo.
Recordemos que esos costos predeterminados son necesarios para que los contadores puedan elaborar presupuestos lo más apegados a la realidad y se puedan ajustar con el tiempo. Para elaborar estos costos predeterminados, el contador hace uso de herramientas estadísticas.
According to ipsos eye-tracking research, approximately how much tv advertising goes unseen?.
Answers
Answer:
55%
Explanation:
what is the interest rate (compounded monthly and rounded to the nearest percent) if the money doubles in 5 years?
Answers
The interest rate (compounded monthly and rounded to the nearest percent) is approximately 5%.
To find the interest rate compounded monthly (rounded to the nearest percent) if the money doubles in 5 years, we can use the formula for compound interest.
Future Value = Present Value * (1 + r/n)^(nt)
In this case, the future value is twice the present value (doubling the money), so the equation becomes:
2 = 1 * (1 + r/12)^(12*5)
Simplifying:
2 = (1 + r/12)^60
Taking the 60th root of both sides:
(1 + r/12) = square root of 2
Solving for r:
r/12 = square root of 2 - 1
r = 12 * (square root of 2 - 1)
Calculating the value:
r is approximately equal to 12 * (1.414 - 1)
r is approximately equal to 12 * 0.414
r is approximately equal to 4.968
Rounding to the nearest percent:
r is approximately equal to 5%
Therefore, the interest rate (compounded monthly and rounded to the nearest percent) is approximately 5%.
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Please help me how to answer this
click that photo
Answers
Answer:
bean
Explanation:
big bean
Advances in technology has increased the number of people needed to
A. Develop computer software
B. Teach children in schools
C. Work on assembly lines
D. Serve in the military
Answers
Answer:
A. develop computer software
Type the correct answer in the box.
Identify the marketing research technique implied in the scenario.
A toothpaste manufacturing company has created a new ad for their product to air on television. After the ad airs, bcthey intend to show the ad to a certain
number of customers and then ask them for their feedback regarding the ad. This company is engaging in the _____________
market research technique.
Answers
The company is engaging in Customer behavior marketing research techniques.
Consumer Behavior
Consumer behavior refers to the study of consumers and the actions and the decision processes they use to purchase goods and services to satisfy their needs and wants, including emotional, mental, and behavioral responses
Types of
Complex buying behaviorDissonance-reducing buying behaviorHabitual buying behaviorVariety seeking behaviorHence, The company is engaging in Customer behavior marketing research techniques.
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What are the main differences between health care systems in the United States (Chapter 10) and some other countries? Does it appear that the costs of health care programs are creating burdens for competitive advantage?
Answers
The main differences between health care systems in the United States and some other countries are that health care in the United States is primarily private, while other countries have a publicly funded system. The costs of health care programs create burdens for competitive advantage.
Let's understand these differences in more detail below: Health care systems in the United States (Chapter 10):In the United States, health care is a private service that is provided by private entities and is paid for by private insurance companies or directly by individuals. The system is not publicly funded and thus leaves many people without insurance or access to health care.
Health care in the United States is one of the most expensive in the world, which can put a strain on individuals and families who are unable to afford it. Healthcare is also not universally available to all citizens. Some other countries: Many other countries have a publicly funded health care system that is financed through taxes and provided to all citizens.
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when effective leaders hear others complaining about a problem, which action would they most likely take?
Answers
When effective leaders hear others complaining about a problem, THE action would they most likely take is: To try to learn how big the problem really is.
Who is a leader?A leader is person that possess a leadership skills and help to direct and lead the people that are under him/her.
An effective Leaders does not ignore problems but they tend to learn how big the situation and try to figure and solve it.
Therefore the action would they most likely take is: To try to learn how big the problem really is.
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Which of the following is not a function of financial
markets?
(A) Diversification of risk
(B) Financing
(C) Provide information
(D) Stabilize the economy
Answers
(D) Stabilize the economy. Financial markets do not have the primary function of stabilizing the economy. While they play important roles in risk diversification, financing, and information provision, the task of stabilizing the economy falls under the purview of monetary and fiscal policies implemented by central banks and governments.
Financial markets play a crucial role in the economy by facilitating various functions, but stabilizing the economy is not one of them. Here's a breakdown of the functions of financial markets
(A) Diversification of risk: Financial markets allow investors to spread their investments across different assets, reducing the overall risk of their portfolios
(B) Financing: Financial markets provide a platform for companies and governments to raise capital by issuing stocks, bonds, and other financial instruments
(C) Provide information: Financial markets serve as a source of information for investors, allowing them to assess the value and risks associated with different investment opportunities.
(D) Stabilizing the economy: While financial markets indirectly impact the stability of the economy, it is not their primary function. Economic stability is influenced by factors such as fiscal and monetary policies, regulations, and macroeconomic conditions.
In summary, financial markets primarily serve functions related to risk diversification, financing, and information provision, but they are not specifically designed to stabilize the economy.
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She makes $569.58 a month
Answers
Answer:
Needs - $284.79, Wants - $170.87, Savings - $113.92
Explanation:
Just divide $569.58 in half, so $284.79 for needs.
Then, $569.58 * 0.30 = $170.87 for wants.
Lastly, $569.58 * 0.20 = $113.92 for savings.
To check your answer, add up all the amounts:
$284.79 + $170.87 + $113.92 = $569.58