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How many months' worth of expenses do you think your financial reserve should include?
Wiki User
∙ 11y ago
Keep 3 to 6 months of income in an emergency savings account which is only to be used in the case of an emergency.
This is usually sufficient to cover a sudden loss of employment and/or other temporary situation that may arise.
Wiki User
∙ 11y ago
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Which of these must be budgeted based on an approximation of the previous months expenses?
variable expenses
Can annual expense such as liability ins be divided by 12 months and expenses each month?
stupid person!
How are services paid months in advance for services rendered recorded in a journal?
[Debit] Advance expenses [Credit] Cash / bank
What is excess revenue?
EXCESS OF REVENUE OVER EXPENSESEXCESS OF REVENUE OVER EXPENSES in the not-for-profit sector. There is a common misconception that not-for-profit organizations are not allowed to have a financial cushion as they are 'not-for-profit'. In this context it is useful to remember that not-for-profit organizations are also 'not-for-loss' organizations. An organization cannot sustain losses over the long term without ceasing to operate or going bankrupt. Excess of revenue over expenses is the planned financial position that there will always be a sufficient amount of funds on hand to continue to run the not-for-profit entity for some period without additional funding; usually 3-4 months.
What is 12-month trailing expenses?
A 12-month trailing expense is a expense that is payable over the period of 12 months. It is not a one time payment but rather that can be paid over the 12 mothes.
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.
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.
Can I split army reserve training over months?
You can split it into two parts, BCT and AIT, it's for reserve components only
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.
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.
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.
What are Short-Term Loans?
Short-term loans are financial tools tailored for those seeking quick remedies to immediate financial needs. These loans involve borrowing a small amount of money for a brief duration, typically ranging from a few weeks to a few months. They serve as a practical option to cover unexpected expenses, bridge budgetary gaps, or manage emergencies.
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)
How long till westlake financial repos a car?
2 Months
