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GalinKa [24]
2 years ago
14

Tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local community college. He is

making a beginning annual salary of $19,760. How can this increased income affect his financial decisions
Business
1 answer:
Elan Coil [88]2 years ago
3 0

An increase in the total income may lead to changes in Tristan's financial decisions in positive as well as negative ways.

<h3>What are financial decisions?</h3>

A plan or a strategy which is backed by strong logic of an individual to distribute his or her income in different forms of investments, expenses, and savings, are known as financial decisions.

When Tristan gets an increase in his income, his financial decisions may, change in a way that he may start investments and save for future goals. He may also start spending on luxuries, which he otherwise, could not afford to.

Hence, the significance of an increase in income on the financial decisions of Tristan is aforementioned.

Learn more about financial decision here:

brainly.com/question/19502030

#SPJ1

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purchased a new piece of equipment for its research lab on January 1, 2015 for $45,200. The equipment is expected to have a usef
Murljashka [212]

Answer:

The gain recognized on the equipment is $6,550

Explanation:

A straight-line depreciation method distributes depreciation costs evenly throughout the useful life of the equipment, and depreciation per year using this method is calculated thus:

Depreciation per year = (Cost of equipment - salvage value) ÷ useful life

= (45,200 - 6,100) ÷ 4 = 39,100 ÷ 4 = $9,775

This means that each year, the machine depreciates by a value of $9,775.

Next, we are given that the machine was sold for $32,200 after two years, to determine if a profit or loss was made, we will calculate the expected residual value after two years, and find the difference between this value and the selling price. The residual value is calculated thus:

Residual value = Cost of equipment - (depreciation per year × number of years used)

Residual value = 45,200 - ( 9,775 × 2 )

Residual value = 45,200 - 19,550 = $25,650

Difference between residual value and selling price = 32,200 - 25,650 = $6,550 (profit was made since the selling price was higher than the value of the equipment)

8 0
3 years ago
40. Using simple math, the Water Utility Fund of Eugene, Oregon has the following subtotals on its December 31, 2019 Statement o
alekssr [168]

Answer:

B. $1,260

Explanation:

The computation of the net position unrestricted is shown below

Unrestricted Net Position is

= Total Current and accrued Assets + Other assets - current liabilities

= $2,000 + $60 - $800

= $1,260

We simply added the other assets and deduct the current liabilities to the total current and accrued assets so that the amount could come in a correct way

Therefore all other information that is not considered is irrelevant. Hence, ignored it

3 0
3 years ago
An Organization pays $65,000 in Social Security taxes for its employees. When payroll liabilities are journalized, how mucus ent
tatyana61 [14]

Answer:

It's NOT $65,000

Explanation:

the test

7 0
2 years ago
A nationwide fast food restaurant is considering adding an innovative new item to its menu. it introduces the item at a few care
Ede4ka [16]

<span>This best represents the test marketing stage. During this stage, a new product is released on a small scale to a small market. Changes are made and if it is successful in the small market, then it is introduced on a larger scale.  </span>

7 0
2 years ago
Do you think calling an employee a subordinate will impact their motivation levels?
WITCHER [35]

Answer:

I believe that referring to the employee as a subordinate can negatively affect the employee's motivation levels.

Explanation:

Although an employee is subordinate to the company owner, or to other high-ranking employees, such as a manager, for example. Referring to the employee as a subordinate can negatively affect the employee's motivation and productivity. This is because this word can pass a tone of devaluation, where the employee can understand that he is not esteemed and necessary within the company. The feeling of irrelevance, can leave the employee saddened and unwilling to do his best work within the institution.

8 0
3 years ago
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