Multiple Choice
Assume that your total income for the current year is $35,000.Total expenses including the taxes of $5,000 is $30,000.Your savings ratio is:
A) 7.5%
B) 10.0%
C) 12.5%.
D) 13.3%.
E) 16.7%.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q61: Sonny and Cher have a net worth
Q85: INSTRUCTIONS: Choose the word or phrase in
Q96: Balance sheets and income statements are most
Q101: The income and expenditures statement examines your
Q116: Using time value of money is important
Q118: The savings ratio indicates the percentage of
Q137: If you use net salary as income
Q164: The best approach to solving the problem
Q170: Investments are intangible financial assets typically acquired
Q172: On an income statement for the period