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zheka24 [161]
3 years ago
5

Explain how a person can be employed and still be living under the poverty threshold

Business
2 answers:
NemiM [27]3 years ago
7 0

The poverty threshold is a level that is determined by the federal government. The household poverty level is determined by the number of people who live in the home, with the poverty level rising as the number of residents increases.

Although a person may be employed, it does not mean that they have earnings about the poverty level. Being employed and having earnings above the poverty level are two separate items that are not dependent on each other.

vovikov84 [41]3 years ago
7 0

Poverty is a worldwide problem that mainly affects underdeveloped countries, but it also occurs in developed countries such as the USA. The poverty line is a government-stimulated threshold whereby a traditional family of 4 living with a family income below $ 24,300 a year is considered poor. So imagine a family where the father and mother work, but not enough to accumulate the total of $ 24,300 per year, this family will be considered poor, because their income is below the poverty line.

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Waupaca Company establishes a $400 petty cash fund on September 9. On September 30, the fund shows $122 in cash along with recei
Lemur [1.5K]

Answer and Explanation:

The Journal entry is shown below:-

September 9

Petty cash fund Dr, $400

     To Cash $400

(Being establishment of petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

September 30

Merchandise Inventory Dr, $51

Postage expense Dr, $73

Cash Short and over Dr, $13

Miscellaneous Dr, $141

      To Petty Cash $278

(Being reimburse of petty cash find is recorded)

Here we debited the merchandise Inventory, postage expense, cash short and over and miscellaneous as it is expenses while we credited the petty cash as is reimbursed.

October 1

Petty cash fund Dr, $60

($460 - $400)

     To Cash $60

(Being increase in petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

6 0
4 years ago
An investor contributes $10,000 to a limited partnership and signs a $40,000 recourse note. In the first year, the investor's di
kondaur [170]

Answer: The loss carried to the next year is $10,000

Explanation:

the initial investment = $10,000 contribution + $40,000 recourse note= $50,000 initial basis.

The income in the first year = $15,000

Therefore total sum basis = $50,000 initial investment + $15,000 income = $65,000

The cash distributed = $5,000

we deduct the cash distributed from the total sum basis

hence,

remaining basis = $65,000 - $5,000 = $60,000

since the loss = $70,000

therefore,

the remaining loss after the first year = $70,000 - $60,000 = $10,000

so $10,000 will be the unused loss carried to the next year.

4 0
3 years ago
Background:
ivann1987 [24]

Answer:

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3 0
3 years ago
Which of the following statements is not accurate descriptions of the business market? Mrs. Phillip, a retail buyer for Blooming
Natali [406]

Answer:

Mrs. Phillip, a retail buyer for Bloomingdale's, does all the shopping for her family at the same store.

Explanation:

The business market is the market where you can sell your product and services to the other businesses so it can be used as a raw material for the other business in order to manufacture the products. And, the other reason is to purchased the products and resell them.

So based on the given statements, the first option is considered as in the remaining statements there are business transactions but in this only one person i.e. retail buyer is considered

8 0
3 years ago
Items such as cookies, crackers, and potato chips have separate schemas. However, these can be clustered into one category becau
r-ruslan [8.4K]

Answer:

The answer is A. Taxonomic categories

Explanation:

Taxonomy can be defined as the system of classification of various things based on their similarities or differences.

In the question above, cookies, crackers and potato chips are different products, but they all share a similarity, which is that they're all snack foods and therefore are under the same taxonomic category.

3 0
3 years ago
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