Among other things, a well-planned budget
A)
forces you to choose among competing activities.
B)
plans for savings of at least 20% of your after-tax income.
C)
must include many categories of income and expense items.
D)
assures a positive savings each month.
A
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During times of widespread economic hardship _____.
a. employees who are not actively seeking employment become ineligible for unemployment compensation. b. the government increases the number of weeks during which workers receive unemployment compensation. c. employers stop contributing to unemployment compensation funds. d. weekly payments as part of the unemployment compensation are reduced by half.
Suppose a company has earnings before taxes of $20 billion and its income tax is 35% of its earnings before taxes. If the company has an interest expense of $2 billion, its interest coverage ratio is closest to:
A. 6.5 times. B. 10.0 times. C. 11.0 times