In Order to Calculate Savings Ratio,the Amount Saved Each Month

question 11

True/False

In order to calculate savings ratio,the amount saved each month is divided by net income.

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Definitions:

Sequential Steps

A series of actions or operations that follow a specific, logical order to achieve a desired outcome.

Procedures

The steps required to get a job done.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior.

Program

The steps or activities necessary to accomplish a goal.