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skad [1K]
3 years ago
14

When making a major purchase, first determine your ______ income by subtracting the deductions from your gross pay.

Business
2 answers:
Bingel [31]3 years ago
6 0

Answer:

When making a major purchase, first determine your  <u>net </u> income by subtracting the deductions from your gross pay.

Explanation:

In business and accounting, net income is an entity's income minus cost of goods sold, expenses and taxes for an accounting period.

Marysya12 [62]3 years ago
3 0

Answer:

net income

Explanation:

There are two concepts of income. Gross income, which is the nominal amount of salary, and net income, which is gross income minus all income taxes. For example, if you have a contract-negotiated $ 5000 salary, this is your gross income. Your net income is the total left over for you after the tax is levied. For example, if your income of $ 5000 incurs $ 700 of taxes, your net income will be $ 4300.

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Turrubiates Corporation makes a product that uses a material with the following standards: Standard quantity 7.6 liters per unit
frosja888 [35]

Answer:

Direct material quantity variance= $1,260 unfavorable

Explanation:

Giving the following information:

Standard quantity of 7.6 liters per unit

Standard price $ 2.10 per liter

The company budgeted for production of 3,400 units.

The actual production was 3,500 units.

The company used 27,200 liters of direct material to produce this output.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 3,500 units* 7.6= 26,600

Direct material quantity variance= (26,600 - 27,200)*2.1= $1,260 unfavorable

<u>It is unfavorable because the company used more material than estimated to produce 3,500 units.</u>

6 0
3 years ago
Government policymakers decided to reduce the rate of inflation from 3% to 1.6%. As a result, the unemployment rate increased fr
andreyandreev [35.5K]

Answer:

Government policymakers decided to reduce the rate of inflation from 3% to 1.6%. As a result, the unemployment rate increased from 4.8% to 6.2%. The sacrifice ratio is:______

d. none of the above

Explanation:

a) Data and Calculations:

Old inflation rate = 3%

New inflation rate = 1.6%

Old unemployment rate = 4.8%

New unemployment rate = 6.2%

Ratio of old inflation rate to old unemployment rate = 3 : 4.8 = 0.625

Ratio of new inflation rate to new unemployment rate = 1.6% : 6.2% = 0.258

Sacrifice ratio = Difference between the two ratios = 0.367 (0.625 - 0.258)

b) The sacrifice ratio is the difference between the old ratio and the new ratio of inflation rate to unemployment rate.

6 0
2 years ago
What is a competitive​ market? A. a market in which a good can be bought and sold at the same price B. a market in which a good
Wittaler [7]

Answer:

The correct answer is letter "A": a market in which a good can be bought and sold at the same price.

Explanation:

Competitive markets are those with large numbers of producers fighting against each other to fulfill consumers' needs. In these markets, the producers and consumers cannot determine the price of the goods or services being traded. Both <em>participants are price-takers</em> which imply they will come to a point in which the price level offered by producers and desired by consumers will be equal.

5 0
3 years ago
Emma lives on a tight budget. She saves money and also makes intelligent choices when spending it. Which of these statements dec
kodGreya [7K]
  • Emma is more prepared to meet her basic needs
  • Emma is better prepared to avoid financial setbacks
  • Emma is better able to accumulate assets
  • Emma is more prepared to face emergencies
5 0
3 years ago
Blanche, a minor, enters into a contract to buy two all-season passes from Chalet Mountain Resort. The contract will be made enf
WARRIOR [948]

Answer:

ratifies it

Explanation:

7 0
2 years ago
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