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What is an adequate cash balance?
An adequate cash balance is the amount of liquid funds a business or individual needs to cover short-term obligations, unexpected expenses, and operational costs without incurring debt. It varies based on factors like industry, cash flow patterns, and financial goals. Generally, maintaining a cash reserve that covers three to six months of expenses is considered prudent for businesses, while individuals might aim for an emergency fund equivalent to three to six months of living expenses. Ultimately, the right balance ensures financial stability and flexibility.
Which of these must be budgeted based on an approximation of the previous months expenses?
variable expenses
What is accounting period assumption?
The accounting period assumption is a fundamental principle in accounting that divides a company's financial activities into distinct time intervals, such as months, quarters, or years. This allows businesses to report their financial performance and position regularly, facilitating comparisons over time and aiding decision-making. By adhering to this assumption, companies can recognize revenues and expenses in the appropriate periods, ensuring accurate financial reporting.
How much surplus should a small charity carry with an income of 100 grand?
A small charity with an income of $100,000 should ideally carry a surplus of 3 to 6 months' worth of operating expenses to ensure financial stability and sustainability. This typically translates to a surplus of $25,000 to $50,000. This reserve can help the charity navigate unforeseen challenges and maintain operations during lean periods. Ultimately, the specific amount may vary based on the charity's mission, operational needs, and risk tolerance.
Can annual expense such as liability ins be divided by 12 months and expenses each month?
stupid person!
Which of these must be budgeted based on an approximation of the previous months expenses?
variable expenses
Do Army Reserve 6 months active duty and 5.5 years reserve duty count as a veteran?
If those six months added to 180 days then yes.
What is the minimum number of months' worth of living expenses that should be in an emergency fund?
Most money managers will tell you to have at least six months worth of living expenses in savings.
Why is it good to reserve a limousine?
These are rare units that get booked months ahead for busy times. You must reserve and confirm before the date.
Can I split army reserve training over months?
You can split it into two parts, BCT and AIT, it's for reserve components only
What Fund covers unexpected expenses?
An emergency fund covers unexpected expenses. It is suggested that an emergency fund be able to cover at least 6 months of expenses in the case of an emergency.
Have you claimed any deductions in prior tax years that were related to expenses incurred months ago?
Yes, I have claimed deductions in previous tax years for expenses that were incurred months before filing my taxes.
When will commanders conduct subsequent command inspections in the national guard and reserve?
after six months
A person's 3 month income equal to 4 months expense he saved 450 in a year so how much he earn per month or a year?
4 months' expenses = 3 months' income. So, in a year, 12 months' expenses are covered by 9 months' income. This means he saves three months' income in a year. 3 months' income = 450 so monthly income = 150 or annual income = 1800.
What is accounting period assumption?
The accounting period assumption is a fundamental principle in accounting that divides a company's financial activities into distinct time intervals, such as months, quarters, or years. This allows businesses to report their financial performance and position regularly, facilitating comparisons over time and aiding decision-making. By adhering to this assumption, companies can recognize revenues and expenses in the appropriate periods, ensuring accurate financial reporting.
Was Roberto Clemente a marine?
Yes. He enlisted in the Marine Corps Reserve in September 1958. He served 6 months active duty, then continued in the Reserve until 1964.
Distinguish between outstanding expenses and unexpired expenses?
Those expenses which have been paid in advance and whose benefit will be available in future are called unexpired or prepaid expenses. e.g. insurance premium The expenses remaining unpaid at the end of the accounting period are called outstanding expenses.Certainly expenses like salaries,rent etc. of the every month will be paid in the next months. By ADITYA (UPES)
