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1 year ago

Step 3: Creating a Balanced Family Budget

Business

1 answer:

Alexeev081 [22]1 year ago

3 0

The family budget calculator use is attached accordingly. See relevant definition below.

<h3>What is the minimum monthly income and hourly wage per worker required to cover the monthly expenses indicated in the budget?</h3>

The total budget indicated is $7,304. Hence to cover for the above expenses, one would need to work for at least 8 hours per day, and 5 days a week at the minimum income wage of $50 dollars/Hour.

This translates to:

50 x 8 x 20

= $8,000

<h3>What exactly is a family budget?</h3><h3 />

A family budget is a plan for your household's incoming and outgoing funds for a specific time period, such as a month or year.

<h3>What is the definition of a Family Budget Calculator?</h3>

The Family Budget Calculator calculates the amount of money required for a family to maintain a modest but decent level of life.

The budgets project community-specific expenses for ten different family types (one or two adults with zero to four children) across all counties and metro regions in the United States.

Learn more about Family Budget Calculator:

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I need help with this question if someone could please help me.

marusya05 [52]

B is the correct answer.

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3 years ago

On April 2, KLV sold $30,000 of inventory items on credit with the terms 1/10, net 30. Payment on $18,000 sales was received on

yuradex [85]

Answer:

b. debit to Accounts Receivable and credit to Sales Discount Forfeited for $120

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The last payment of $12,000 it's without discount because was not made within the 10 days, so it's necessary to Debit Cash by $12,000 and reverse the accrual for the remaining $120 discount offered not applied.

The it's necessary to record this entry:

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2 years ago

Why may Consumers overspend when using a credit card?

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2 years ago

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Ivanshal [37]

Answer: True

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This is the modern approach to marketing in which the company after developing its product tries to identify the specific users of it, the users can be identified on the basis of age , gender or any other characteristic.

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3 years ago

Ahnberg Corporation had 580,000 shares of common stock issued and outstanding at January 1. No common shares were issued during

Alexandra [31]

Answer:

basic earnings per share = $1.90

diluted earnings per share = $1.25

Explanation:

<em>Basic Earnings per share = Earnings attributable to holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding.</em>

where,

Earnings attributable to holders of Common Stock = $1,222,000 - $120,000 = $1,102,000

and

Weighted Average Number of Common Stocks Outstanding = 580,000 shares

therefore,

Basic Earnings per share = $1.90

<em>Diluted Earnings per share = Adjusted Earnings attributable to holders of Common Stock ÷ Adjusted Weighted Average Number of Common Stocks Outstanding</em>.

where,

Adjusted Earnings attributable to holders of Common Stock = $1,222,000

and

Weighted Average Number of Common Stocks Outstanding = 580,000 + 400,000 = 980,000 shares

therefore,

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2 years ago