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3 years ago

What should be the maximum spending if your gross income 2,400 per month

Business

1 answer:

Tcecarenko [31]3 years ago

5 0

It depends on what the spending is for.

For example it is recommended that you budget roughly 30% of gross income for housing, so 30% of $2400 is about $720 a month.

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At the equilibrium price, Multiple Choice there are forces that cause price to rise. quantity supplied may exceed quantity deman

Vilka [71]

Answer:

There are no pressures on price to either rise or fall.

Explanation:

Equilibrium price refers to the market price at which the amount of quantity supplied is exactly equal to the amount of quantity demanded. At this point, the market supply curve and the market demand curve intersect each other.

This price would be determined by the market forces such as demand and supply of the goods.

8 0

2 years ago

You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money?

Ne4ueva [31]

In general, it is true that if the frequency is higher, then you make more money. For example, suppose you have a capital 1$ and the interest rate can be either 50% compunded annually or 25% compounded semiannually (same total interest in a year, different compounding rate). In the first case you get 1.5$ back at the end of the year, while in the second case after 1 semester you have 1.25$. After 2 semesters, you have 1.56$. You cannot make infinite money this way though; you can at most gain a factor of 2.7 by reducing the intervals of compounding.
The correct answer is the highest frequency, namely when the interest is compounded as frequently as possible (as long as the total interest rate is the same).

3 0

3 years ago

An employer reports a pension loss in Other comprehensive income when: Multiple Choice a change in an assumption causes the proj

Jlenok [28]

Answer:

The employer can experience pension loss if it found out that the retirees benefits paid out are more than expected.

Explanation:

Normally during salary payments, pension claims are paid to retirees as well, and can be automatically checked and processed as if the deficiency was very contrary.
However, if payments for retired claims are found to be higher than expected, we can say that the company has suffered a pension loss.
so The employer can experience pension loss if it found out that the retirees benefits paid out are more than expected.

8 0

3 years ago

Which of the following scenarios is consistent with the Laffer curve?

sergejj [24]

Answer:

No option is correct.

a. An increase in the tax rate always increases tax revenue. ⇒ FALSE, if tax rates increase beyond the optimal level, instead of increasing total revenue they will decrease it.
b. The tax rate is 1 percent, and tax revenue is very high. ⇒ FALSE, very low tax rates will result in very low government revenue.
c. The tax rate is 99 percent, and tax revenue is very high. ⇒ FALSE, very high tax rates will result in very low government revenue.
d. A decrease in the tax rate always increases tax revenue. ⇒ FALSE, if tax rates decrease beyond the optimal level, instead of increasing total revenue they will decrease it.

Explanation:

According to Arthur Laffer, a direct and sometimes inverse relationship exists between tax rates and government revenue. Sometimes a lower tax rate can result in higher government revenue. But that is not always the case. Sometimes an increase in the tax rate can increase government revenue. The optimal tax rate (T*) is equal to the tax rate that will allow the government to collect the highest amount of revenue. Any lower or higher tax rate will decrease government revenue.

3 0

3 years ago

The standard direct labor cost per unit for a company was $30 (= $20 per hour × 1.5 hours per unit). During the period, actual d

Bad White [126]

Answer:

Labor Price Variance = 3,700 F

Labor Efficiency variance = $37,000 U

Explanation:

Labor Price Variance = (Standard Rate - Actual Rate) $\times$ Actual Hours

Standard Rate Given = $20 per hour

Actual Cost = $198,300

Standard Rate $\times$ Actual Hours = $20 $\times$ 10,100 hours = $202,000

Labor Price Variance = $202,000 - $198,300 = 3,700 Favorable

Labor efficiency Variance = (Standard Hours - Actual Hours) $\times$ Standard Rate

Standard Hours for Actual Output = 5,500 $\times$ 1.5 = 8,250 hours

Actual Hours = 10,100 hours

Standard Rate = $20 per hour

Labor Efficiency variance = (8,250 - 10,100) $\times$ $20 = - $37,000 Unfavorable as the amount is negative.

Final Answer

Labor Price Variance = 3,700 F

Labor Efficiency variance = $37,000 U

8 0

3 years ago