Ask Question
BusinessBusiness
7 September, 08:19

How much should be in the reserve for fixed expenses?

+4
Answers (1)
  1. 7 September, 08:31
    0
    The short answer is that your cash reserve should be sufficient for you to feel comfortable running your business. Some experts recommend having three months of expenses. Others recommend six months. I would suggest speaking to your CPA or financial adviser to determine the right number for your business.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How much should be in the reserve for fixed expenses? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend.
Answers (1)
Jenny Corp. needs to raise $50 million to fund a new project. The company will sell shares at a price of $28.40 in a general cash offer and the company's underwriters will charge a spread of 6.5 percent.
Answers (1)
What to do if an escrow agent won't return you the money?
Answers (1)
Which of the following statements is true of a second-mover? A second-mover has a weak customer focus. A second-mover is always at a disadvantage when compared to a pioneer. A second-mover is the first to market with a new product idea.
Answers (1)
Why do you suppose the amounts of depreciation expense and interest expense are so high for gerrard construction co?
Answers (1)
New Questions in Business
Quiz 1. If you maintain a good driving record, your car insurance company may reward you with
Answers (1)
The income statement for the Skysong, Inc. for the month ended July 31 shows Service Revenue $16,010, Salaries and Wages Expense $8,410, Maintenance and Repairs Expense $2,510, and Income Tax Expense $1,010.
Answers (1)
A leftward shift in the long-run aggregate supply curve is most likely going to cause which of the following? A) decrease in the average price level B) increase in the average price level C) increase in real output
Answers (1)
Free market economy how are prices set?
Answers (1)
Patel Service Co. does make a few sales on account but is mostly a cash business. Consequently, it uses the direct write-off method to account for uncollectible accounts. During Year 1, Patel Service Co.
Answers (1)
Home » Business » How much should be in the reserve for fixed expenses?
Sign Up Forgot Password?