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2 years ago

Step 3: Creating a Balanced Family Budget

Business

1 answer:

Alexeev081 [22]2 years 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:

brainly.com/question/9621657

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• Define the mergers and acquisitions of Tesla and define what has the company gained?

iris [78.8K]

Some of the mergers and acquisitions of Tesla company includes:

SolarCity
Perbix
Compass Automation
Maxwell Technologies, etc

<h3>What is a Merger?</h3>

This refers to the transfer of ownership between different companies where one company and their operating units are consolidated.

Some of the problems and internal challenges faced by Tesla during these mergers and acquisitions include:

They were making too many mergers at the same time
They spent over $2.80 billion on the acquisitions
They alienated themselves from other carmakers who were partnering and merging, etc

The size of the market and the growth strategy of Tesla company is:

Their target is to produce as many affordable cars as possible
They want to use their own technical know how and that of others to produce more eco-friendly cars
The growth strategy is to become one of the trusted and safest car brands in the world.

Read more about mergers and acquisitions here:
brainly.com/question/13709735

6 0

2 years ago

James is currently unemployed. He is disappointed every Sunday when none of the job advertisements in the newspaper are for work

balandron [24]

Answer:

Structural unemployment

Explanation:

James is going throughout a non voluntary unemployment because there is a "gap" between his skills and the market demanded skills. To minimize this gap, James should improve his skills sets, or take a job with less requirements

5 0

3 years ago

The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts during the year-end closing process would be:

Nataly [62]

Answer:

b. Dec. 31

Income Summary 925

Fees Earned 750

Rent Revenue 175

Explanation:

At the end of each accounting period, the elements of the income statements which are the revenues earned and the expenses incurred are usually closed to the income summary account.

The revenue earned which is normally a credit balance is closed by debiting the account and crediting the income summary. The expenses are closed by crediting the account and debiting the income summary.

Hence if Fees Earned, $750, and Rent Revenue, $175,

Total revenue = $750 + $175

= $925

6 0

3 years ago

Sorenson LLC, a publicly traded company, has ten members on its board. Of the ten members, six members are employees of the comp

Vesnalui [34]

Answer:

D. 7

Explanation:

Based on the information provided within the question it can be said that they need to appoint a total of 7 outside board members to achieve board independence. This is because in order to achieve board independence the board needs to consist of more members that are not employees than those who are. This is because votes need to be made in accordance to what is best for the company and shareholders, which may not always be best for the employees. Therefore when voting the employees may be biased.

8 0

3 years ago

Bank A quotes a bid rate of $.300 and an ask rate of $.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $.306 an

alexdok [17]

Answer:

B. $1,639

Explanation:

To do arbitraje we will ask at Bank A for $0.305

and then bid in Bank B at $0.306

As the transactions has no cost we are doing a profit by using the exchange as they allowed. Doing this procedure will at some point eliminate the difference in exchange rate for these bank as the purchase will rise the ask rate for Bank A and the sale will decrease the bid rate.

$500,000 \times \frac{0.306}{0.305}$

Total: 501639,3442622951

The profit will be for: 501,639.34 - 500,000 = 1,639.34

7 0

3 years ago