Ask Experts Questions for FREE Help !
Ask
    liechtyt's Avatar
    liechtyt Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 12, 2009, 10:01 AM
    Expenditures vs. income
    If my income exceeded my expenditures would I be a saver who demands money from the financial system, a saver who supplies money to the financial system, a borrower who demands money from the financial system, or a borrower who supplies money to the financial system?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Jun 12, 2009, 10:43 AM

    Your Cash coming in is more than your cash going out so you are a saver. Savers do not demand money and borrowers do not supply money to the financial system.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Operating Cash Inflows - Capital Expenditures [ 1 Answers ]

Need a good definition or way to explain (in layman terms) what Operating Cash Inflows is and how it relates to a Capital Expenditure. Specifically in the case of evaluating which replacement alternative to pursue. Thanks

Warranty expenditures [ 2 Answers ]

During 2006, Watson introduced a new line of machines that carry a three-year warranty against manufacturer's defect. Based on industry experience, warranty costs are estimated at 2% of sales in the year of sale, 4% in the year after sale, and 6% in the second year after the sale. Sales and actual...

Short-term assets, Patent, Revenue and capital expenditures [ 1 Answers ]

Can anyone tell me if Utilities expense, Supplies expense, Advertising cost, Shipping cost if any of these are considered short-term assets? Is prepaid legal fees considered capital expenditure or revenue expenditure? and lastly I need help with this question: Show the journal entry, on June...

Revenu and capital expenditures [ 1 Answers ]

What Is The Distinction Between Revenue And Capital Expenditures?

View more questions Search