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2 years ago

A reason why ssi (supplemental security income) doesn't adequately protect the poorest elderly is that:_____.

1 answer:

amm18122 years ago

6 0

A reason why SSI (supplemental security income) doesn't adequately protect the poorest elderly is that depleted their savings.

Social Security does not provide sufficient income for a comfortable retirement and is unlikely to do so in the future. Without legislative amendments, the Social Security Trust Fund could run out of reserves by 2035 is high and projected tax revenues cover only 80% of projected benefits.

Supplemental security income increase with age, as older people work less and are more likely to deplete their savings. Among people over the age of 80, Social Security provides most of her income to 76% of beneficiaries and nearly all of her income to 47% of beneficiaries.

Learn more about supplemental security income at

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Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $20 million. The machinery can be sold to the Romula

gladu [14]

Answer:

a. $16,426,000

b. $19,080,000

Explanation:

a. What is the book value of Klingon's assets today?

Book value of assets refer to the value of the total value of the assets of a company on its balance sheet after depreciation, impairment and amortization have been deducted.

This can be calculated for this question as follows:

Book value of Klingon's assets today = Book value of current assets + Book value of fixed assets

Book value of fixed assets = $15,500,000

Book value of current assets = Current liabilities + Net working capital = $700,000 + $226,000 = $926,000

Therefore, we have:

Book value of Klingon's assets today = $15,500,000 + $926,000 = $16,426,000

b. What is the market value?

Market value refer to the amount that can be realized from selling something such as the assets of a company.

This can be calculated for this question as follows:

Market value = Machinery sales amount + Current asset liquidated amount = $18,000,000 + $1,080,000 = $19,080,000

3 0

3 years ago

Text that you pay when making a profit selling a house is an example of:

krok68 [10]

I am not rather certain what you imply by "text that you pay when making a profit selling a house is an example of", I will proceed to presume your intentions were to the following word, "tax" and follow-up with this: A capital gains tax would be an instance of devising a sort of investment or gain (such as a house) And you have to remuneration taxes for it.

5 0

4 years ago

Which of the following would most likely be included as part of manufacturing overhead in the production of a wooden table?A) th

makvit [3.9K]

Answer: Option C

Explanation: Manufacturing overhead refers to the that portion of the cost which cannot be allocated to the units produced in a reasonable manner. These costs are indirectly related to the product manufactured. For example = depreciation, rent etc.

Thus, the cost of glue cannot be allocated to each individual unit produced. As the worker might put a more in one unit and a little less in the other.

Thus, from the above we can conclude that the correct option is C.

8 0

3 years ago

The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production

lukranit [14]

Answer: $1,900 less than under absorption costing.

Explanation:

The ending inventory of finished goods under variable costing is the difference in carrying value of ending finished goods inventory.

That is calculated as,

Difference in Carrying Value of Ending Finished Goods Inventory = Unit fixed Manufacturing Overhead * Change in Inventory in Units

The Unit Fixed Manufacturing Overhead as implied is the fixed Manufacturing Overhead per unit

Calculated therefore as,

Unit fixed manufacturing overhead = 129,010 / 6,790

= $19

Now that we have that, we can refer back to thw first formula,

Difference in carrying value of ending finished goods inventory = Unit fixed manufacturing overhead * Change in inventory in units

= 19 × (6,790 - 6,690)

= $1,900

The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be $1,900 less than under absorption costing.

6 0

3 years ago

Cindy has pumped over $850,000 into a small business that has consistently lost money every year it has been open. She reasons t

Diano4ka-milaya [45]

Cindy's reasoning illustrates: <u>sunk-cost fallacy</u>.

<u>Explanation</u>:

The term fallacy refers to failure in reasoning and mistaken belief. A sunk cost is a cost incurred in the business that cannot be recovered. The cost invested in the business and lost is referred as sunk cost.

Sunk cost fallacy gives false hope to the people about their investment plan in business and makes them take wrong decision.

In the above scenario, Cindy invested $850,000 into the business. She faced loss continuously and lost her money. But she stills thinks on investing in her business instead of selling it.

7 0

3 years ago