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sukhopar [10]
3 years ago
6

Amy and Todd Irving's monthly expenses for June, July, and August are as follows: June: $3,260, July: $3,537, and August: $3,430

. Find the average monthly expenditures for the Irvings.
Business
1 answer:
Sunny_sXe [5.5K]3 years ago
3 0

The correct answer is $3409

Explanation:

The average refers to the number or value that represents the "mean" or "middle point" in two or more values. Moreover, the general rule to find this value is to add all the values, in this case, it is necessary to add the expenses of the three months, and then divide the total by 3 (number of values) as there are three months. The process is shown below:

$3260 + $3537 + $3430 = $10227

10227 ÷ 3 = 3409

You might be interested in
Work performance information and cost forecasts are main outputs of which process
Dovator [93]

Work performance information and cost forecasts are the main outputs of cost control.

<h3 /><h3>What is cost control?</h3>

It is the set of practices that assist in the control and organization of financial resources, in order to establish a budget that is a useful tool for greater understanding of income and expenses and greater coordination of the correct allocation of finances to fulfill your needs and for the achievement of objectives and goals.

In a company, cost control will help in effective positioning in the short and long term, helping to correctly understand the company's financial situation in a period, in addition to helping in the forecast of costs, expectations and planning as a whole.

Therefore, cost control is a set of tools that assists in the budget control of a company or an individual, being positive for the best organization of finances.

Find out more about budgeting here:

brainly.com/question/24940564

#SPJ1

3 0
2 years ago
Suppose the multiplier is 5 and the government increases its purchases by $15 billion. Also, suppose the AD curve would shift fr
german

Answer:

A) 20 billion

Explanation:

Y = AD

   = C + I + G  

C = A + cY

A - Autonomous Consumption

c - MPC

Y = A + cY + I + G

Y - cY = A + I + G

Y(1 - c) = A + I + G  

Y = (A + I + G)*1/(1 - c)

Taking derivative with respect to goverement purchase  

dY/dG = 1/(1 - c)  

( here d is represting del we are representing partial derivative.)

1/(1 - c) = Multiplier

dY = Multiplier*dG  

     = 5*15  

     = 75

75 = horizontal distance between AD1 & AD2

55 = horizontal distance between AD1 & AD3  

Extent of crowding out = 75 - 55 = 20

Therefore, the Extent of crowding out is 20 billion.

3 0
3 years ago
How supply and demand work together to reach the equilibrium price in the marketplace? Please give at least a paragraph. Thank y
grandymaker [24]

Answer

Before I answer this question, you must note that the equilibrium price is created by both the amount supplied of a certain product as well as how much "customers" there are (or the amount that is bought in all).  This however, is usually not taking account any potential competitors.

For example, let say that the price in creating the product (or buying) is $15. This means that right now, the company loses $15 for one of the products. To make a profit, the selling price must be >$15. However, (unless they are a monopoly, such as, for example, electrical companies) there are competitors that they must fight with to get customers. Of course, there are other things that can affect the price, depending on the demographic and area.

So how does supply and demand affect the equilibrium price? The limits of the supply & the amount of demand would help determine the price by the amount of people buying and the supply of the product.

~

6 0
3 years ago
Read 2 more answers
Define CAMELS, why it was created and how the system works, and give the names of six factors of CAMELS
bearhunter [10]
  1. Capital adequacy
  2. Asset quality
  3. Management
  4. Earnings
  5. Liquidity
  6. Sensitivity

CAMELS is an international rating system to rate banks, it was created in the United States as a supervisory rating system.

In order to ensure their financial strength, banks have periodic examinations by a Office of the Comptroller of the Currency. Bank examiners issue CAMELS, a numerical rating to the bank as a result of the examination, examiners score each bank in the six factors listed above. Banks score between 1 and 5 in each category (1 being the highest).

Hope this helps, HAVE A BLESSED AND WONDERFUL DAY! As well as a great Valentines Day! :-)  

- Cutiepatutie ☺❀❤

5 0
3 years ago
Sharon Baricivic is a manager in the credit department for Hardaway's Lawncare Supplies. Joe Greene is a new employee in her dep
Ivahew [28]

Answer:

coaching Joe rather than helping him

Explanation:

Coaching is a process where a more experienced person teaches a learner achieve a goal by giving guidance and training.

Helping is when a person assists another to do a job that is their responsibility.

In this scenario Sharon Baricivic has provided Joe with guidance by offering advice, encouragement, and instructions. So he is coaching him.

However, she has been careful to let Joe do all of the actual work he is assigned, even if he struggles a bit.

So she is not helping Joe do his work, but rather letting him do it even if it means him struggling a bit.

4 0
3 years ago
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