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4 years ago

A bank statement:

Business

1 answer:

eimsori [14]4 years ago

6 0

Answer:

4. shows the activities that increased or decreased the depositor's account balance.

Explanation:

A bank statement is a document that the bank sends to its customers in which there is a record of all the transactions that have been made in the account with the specific amounts deposited or withdrawn in a specific period of time. According to this, the answer is that a bank statement shows the activities that increased or decreased the depositor's account balance.

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If the price of good X increases by 2%, and that causes the quantity demanded of good Y to increase by 10%, then the cross-price

saul85 [17]

Answer:

The cross elasticity of good X 5%, divide 10% of change in demand from the 2% of price increase in good Y.

The two goods are SUBSTITUTE Goods.

Explanation:

In substitute goods, when the price of one good increases, people start using less of that good and move onto use cheaper other goods that can be used instead of that good.

4 0

4 years ago

Question help if you spend a large portion of your income on a good,

eduard

c. demand for that good is more elastic than if you spent a smaller portion of your income on the good.

Demand elasticity is the change in demand as the price changes - aka price has a big effect on demand.

Think about if the cost of a candy bar doubles from $1 to $2. This is a big increase but $2 isn't a huge portion of your income so it isn't a huge deal and you will probably keep buying. Now imagine if your car payment doubles from $350 to $700. Because this is such a big portion of your income, you will probably look to trade it in for a cheaper car.

3 0

4 years ago

You want to buy a new sports coupe for $92,500, and the finance office at the dealership has quoted you an APR of 74 percent for

SVEN [57.7K]

Answer:

a) we must first determine the effective interest rate

effective monthly interest rate = APR / 12 = 7.4% / 12 = 0.617%

monthly payment = present value x annuity factor

present value = $92,500

PV annuity factor, 0.617%, 60 periods = 50.024

monthly payment = $92,500 / 50.024 = $1,849.12

b) effective annual rate = (1 + 7.4%/12)¹² - 1 = 0.076562 = 7.66%

8 0

3 years ago

Me-Mirror, Mirror on the wall, who’s the fairest of them all?

Gnesinka [82]

Answer:

what?

Explanation:

4 0

4 years ago

Quantitative Problem: Jenna is a single taxpayer. During 2018, she earned wages of $113,000. She doesn't itemize deductions, so

noname [10]

Solution :

Item Amount

Income $113,000

Personal exemption for one $ 4,050

Standard deduction $ 6,350

Taxable income $102,600

Therefore the taxable income is $102,600.

Now the tax payable on the taxable income is given by :

Marginal tax rate Amount brackets

10% $0 - $ 9,325

15% $ 9,326 - $ 37,950

25% $ 37,951 -$ 91,900

28% $ 91,901 - $ 191,650

Now according to the above taxable slab, the amount of tax on the wages earned by Jenna is :

Tax payable = $= (0.1 \times 9325)+(0.15 \times (37950 - 9325))+(0.25 \times (91900 - 37950))+(0.28 \times (102600-91900))$ $= (0.1 \times 9325)+(0.15 \times 28625)+(0.25 \times 53950)+(0.28 \times 10700)$

= 932.5 + 4293.75 + 13487.50 + 2996

= $ 21,709.75

There is also a long term capital gain of $ 5,200 that is earned by selling the common stock.

Now as per IRS, the capital gain of a long term tax percentage for an individual single filer is in 28% tax slab category is 15%.

Therefore the tax on the capital gain of $ 5,200 is = 0.15 x 5200

= $780

Thus the total tax payable by Jenna is = $ 21,709.75 + $ 780

= $ 22,489.75

5 0

3 years ago