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3 years ago

Which is an example of an expense control strategy?

Business

1 answer:

lana66690 [7]3 years ago

3 0

Answer:

Explanation:

Unfortunately cutting or reducing production, or reengineering at all.

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Phil, age 20, is single and can be claimed as a dependent on his parent's return. He had $150 in interest income and wages of $7

Korvikt [17]

Answer: B - $7,150

Explanation: Standard taxation is an option by IRS to reduce an inidvidual taxable income. this is subject to an individuals filling status.

Phil who is aged 20, single and who can claim a dependent on his parents tax filling return. As of 2019, his standard tax deduction is limited to his earned income plus $350.

According to the above question, Phil earns $7,000 as wages plus $150 in interest income.

From the above information, Phil has a standard tax of $7,150.

3 0

3 years ago

A financial institution near you advertises itself as especially oriented towards educators and teachers. What is the category t

sergij07 [2.7K]

Answer:

Credit union.

Explanation:

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks to employees such as teachers, educators, nurses, etc.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

In this scenario, a financial institution advertises itself as especially oriented towards educators and teachers. Thus, the category this institution would most likely fall under is a credit union because it's not run like businesses that is after making profit i.e it's a non-profit business established to assist employees with their finances.

6 0

3 years ago

Read 2 more answers

Why is a price floor set above an equilibrium price tends to cause persistent imbalances in the market?

kotykmax [81]

Answer:

A price floor set above the equilibrium price will result in a surplus of supply.

Explanation.

An equilibrium price refers to the price at which demand for a service or product is equivalent to the quantity of the product or service supplied in the market.

Setting a price floor above the equilibrium price essentially means that the set prices will be higher than what demand is willing to pay for the product or service. Demand will therefore purchase fewer quantity of the product offered by supply at the prevailing price than they would have at equilibrium price.

Since the price floor will raise the product price to considerably higher than the equilibrium price, supply will be willing to provide higher volumes of the product at the prevailing price than at equilibrium price.

This will lead to a mismatch in the market between supply and demand resulting into a surplus.

5 0

3 years ago

Which of the following insurance types will cover the possessions inside your home?

OleMash [197]

I wanna think prob full coverage home owners insurance

4 0

3 years ago

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the fi

Dimas [21]

Answer:

Quik Furniture Company

Production cost report - Sanding department

Month ended on March 31, 2020

Units Physical units Equivalent units

Materials Conversion

Units started 9,240

in production

Completed and 6,240

transferred out

Work in progress 3,000 600

Total units 6,240 3,000 600

accounted for

Costs Direct Conversion Total

materials costs

Beginning WIP $0 $0 $0

Costs added during $36,960 $51,642 $88,602

period

Total costs $36,960 $51,642 $88,602

Cost per unit $4 $7.55 $11.55

(9,240 u.) (6,840 u.) (finished u.)

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3 years ago