What is an emergency fund? What is an alternative to establishing an emergency fund?
Question:
What is an emergency fund? What is an alternative to establishing an emergency fund?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
An emergency fund contains the portion of savings tha...View the full answer
Answered By
Joseph Ogoma
I have been working as a tutor for the last five years. I always help students to learn and understand concepts that appears challenging to them. I am always available 24/7 and I am a flexible person with the ability to handle a wide range of subjects.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is an emergency fund, and why is it recommended?
-
Review the ten financial life events, and identify the ones that mention an emergency fund. Why is an emergency fund of 3 to 6 months' worth of expenses recommended for everyone? Why is it...
-
1. Does Robert need an emergency fund? If so, how much emergency savings should he try to set aside? What type of account would you recommend for his emergency fund? 2. Comment on Franks use of...
-
Life Science Incorporated (LSI) is a firm with no debt and its 20 million shares are currently trading for $16 per share. Based on the prospects for one of LSI's new drugs, management feels the true...
-
In problems, perform the indicated integrations. (a) x + 1 dx (b) x 3x + dx (c) tdt/3t+4
-
The Scholastic Assessment Test (SAT) is standardized to have a population mean = 500 and a population standard deviation = 100. Suppose that a researcher gives the SAT to a random sample of 50...
-
Sumitomo Cable manufactures various types of aluminum and copper cables which it sells directly to retail outlets through its distribution channels. The manufacturing process for producing cables...
-
Kathy Roniger, campus dietitian for a small Idaho college, is responsible for formulating a nutritious meal plan for students. For an evening meal, she feels that the following five meal-content...
-
5. A compact car has a maximum acceleration of 4.5 m/s when it only carries the driver. The driver and the car combined, have a total mass of 1250 kg. What is the maximum acceleration after picking...
-
The provost at SWC, based on anecdotal evidence, is convinced that the student-faculty ratio (# of students divided by the number of faculty) is an important determinant of student success after...
-
Should you wait for a milestone to be reached before creating a personal financial plan? Explain.
-
What is retirement planning? When should you begin the process of retirement planning? Explain.
-
a) What is the energy released in the fusion reaction 21H + 21H 42He + Q? b) The Earth's oceans have a total mass of water of 1.501016 kg, and 0.0300% of this quantity is deuterium, 21H. If all the...
-
KADS, Inc. is planning to spend $300,000 on a machine to produce the new game. The machine has an expected life of three years, a $100,000 estimated resale value at the end of year 3, and will be...
-
When journalizing an unrealized holding loss on FV-OCI debt securities, how and where should a company record the loss? Explain.
-
Myrtle, Sven, and Muffie each owned a one-third interest in the capital and profits of their calendar year partnership. On Sept. 18, Year 1, Myrtle and Sven sold their partnership interests to Bubba...
-
Suppose you sell a fixed asset for $10,000 when its book value is $4,000. If your company's marginal tax rate is 25 percent, what will be the after-tax cash flow of this sale? Capital Gain = Resale...
-
Maria is an auditor. She is analyzing a report of monitoring alerts that occurred over time to determine if a pattern of events exists. What is Maria most likely performing?
-
What is an echo?
-
How does health insurance risk differ from other types of insurance risk (e.g., automobile or homeowners insurance)? What is the difference between cost sharing and cost shifting? Is retiree health...
-
What are pensionable earnings? How are pensionable earnings used to determine your CPP contribution? When should you apply for CPP benefits?
-
Describe how employer-sponsored retirement plans work in general.
-
What is a defined benefit pension plan? What is a flat benefit plan? Describe the various types of unit benefit plans. What is vesting? What does it mean to be fully vested? Describe the tax...
-
Suppose that the density (pdf) function for a random variable X is given by f(x) = for 0 x2 and f(x) = 0 otherwise. What is the probability P(0.5 x 1)? Round your answer to four decimal places. 2
-
The minority() function takes three boolean arguments and returns true if at most one of its arguments is true; otherwise, it returns false. Complete two implementations of minority() by filling in...
-
Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 2 0 , 0 0 0 ceiling fans and 6 0 , 0 0 0 table fans in the coming year. Product price and...
Study smarter with the SolutionInn App