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Calculating the Amount for an Emergency Fund. Beth and Bob Martin have a total take-home pay of $3,200 a month. Their monthly expenses total $2,800. Calculate the amount the couple needs to establish an emergency fund. How did you calculate this amount?
Weegy: Financial planners typically recommend creating an emergency fund equal to three to six months of living expenses. So Beth and Bob will need $3100(living expenses) times three(min)= $9300 and $3100 times six= $18, 600. User: Financial planners typically recommend creating an emergency fund equal to three to six months of living expenses. So Beth and Bob will need $3100(living expenses) times three(min)= $9300 and $3100 times six= $18, ... (More)
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Asked 6/25/2012 3:13:03 PM
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Determining Profit or Loss from an Investment. Three years ago, you purchased 150 shares of IBM stock for $88 a share. Today, you sold your IBM stock for $103 a share. For this problem, ignore commissions that would be charged to buy and sell your IBM shares.
Weegy: The case problem denotes PROFIT from investment. Gross Profit = Sales - Cost Gross Profit = (108 x 150) - (92 x 150) Gross Profit = 16,200 - 13, 800 Gross Profit = 2,400 (More)
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Asked 6/25/2012 3:21:02 PM
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Determining the Number of Shares after a Stock Split. In March, stockholders of Dress Barn Corporation approved a two for one stock split. After the split, how many shares of Dress Barn stock will an investor have if she or he owned 360 shares before the split?
Weegy: Solution : 210 shares before the split ; 2 for 1 stock split ; therefore 210 shares before the split x 2 = 420 shares after the split (answer). (More)
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Asked 6/25/2012 5:44:39 PM
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