What is their month's living expenses covered ratio?
Tim and Autumn Davis are trying to figure out their current financial health. They will pay off their car loan in three years, their gross household income is $5,700 per month, and they receive $95 per month in interest income from their investments. They have listed the following items from their most recent statements.
Savings account: $3,200
Checking account: $1,800
Credit card balance: $3,000
Car loan balance: $18,000
Car market value: $15,000
Furniture market value: $4,000
Stocks and bonds: $15,000
A) 2 months
B) 1.23 months
C) 1.75 months
D) Not enough information to answer this question
Answer: D
You might also like to view...
Jalisco, Inc., had 300,000 shares issued and 250,000 shares outstanding of its $8 par value common stock and its Retained Earnings account balance was $750,000 on December 31, Year 1. On January 1, Year 2, the board of directors declared a 12% stock dividend to its common shareholders when the market value of the stock was $17 per share. Required:a) Determine the decrease in retained earnings as a result of the stock dividend.b) How many shares are outstanding after the stock dividend?
What will be an ideal response?
Financial analysts look for problems, things that may not be what they appear, or results that signal the firm could be in trouble
Indicate whether the statement is true or false
The National Museum maintains the highest levels of security due to the invaluable range of artefacts that are on display. At the entrance of each level in the museum, there is equipment that scans the facial features of every visitor that enters the floor. This helps them protect the artefacts by monitoring the flow of visitors in and out of the museum. Which of the following is the museum using?
A. Physiological interfaces B. Artificial intelligence C. Extreme programming D. Network interfaces
One technique designed to enhance employee motivation is job rotation or ____, the periodical assigning of employees to alternative jobs or tasks for specific periods of time
a. Job circulation c. Job splitting b. Job sharing d. Cross-training