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3 years ago

Which of the following is the last step in creating budget

2 answers:

6 0

Answer D, determining savings or debt, is correct. The first step is identifying and writing down your financial goal(s). The second one is to start writing down every single one of your transactions, this is the most important because it shows you your spending habits. The third step is to create the actual budget. Set aside a certain amount of money for each bill/necessity. The last step is to determine what your savings are.

Amanda [17]3 years ago

6 0

Explanation: determine savings or debit

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Joshua is 25 years old and has a high risk job making $72,000 a year. The insurance company charges him an extra 20% on top of h

klio [65]

The correct answer is D. The annual premium for the cheapest policy is $6,644.

A life insurance policy can pay out in the event of the insured's death, whether or not before a specific date, or if the insured is alive on a specific date.

A life insurance policy can also be a mixture of both, in that case it pays out both when you are alive and when you die earlier. Finally, a life insurance policy can provide a periodic payment as long as the insured person is alive or precisely from the moment the insured person dies.

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4 0

2 years ago

Scott and Laura are married and file a joint tax return. Laura owns a sole proprietorship (not a "specified services" business)

ehidna [41]

Solution :

QBI 300000 W-2 wages 40000

Taxable 3814000 QBP 10000

income

W-2 limit

Phase greater of

out MFJ

Start 315000 50% of W-2 20000

Finish 415000 or 25% of W-2 10250

+ 2.5% of QBP

Selected 20000 Being higher As part 1

Taxable income above phase out

$\frac{381,400-315000}{100000}$ 66%

Now applying gross deduction and phase out

Gross deduction Being 20% of QBI = 66000

Less : wage limit of QBI - 20000

Phase out % x 66%

Phase out amount 30,360

Final deduction = gross deduction- phase out amount

= 66,000 - 30,360

= 35,640

8 0

2 years ago

Lopez Corporation incurred the following costs while manufacturing its product Materials used in product Depreciation on plant P

kirill [66]

Answer:

The missing data of this question is reproduced as follows;

Materials Used 128,900

Depreciation on plant 63,400

Property taxes on store 8,280

Labor cost of assembly workers 114,800

Factory supplies used 32,100

Advertising expense 55,800

Property taxes on plant 23,100

Delivery expense 24,800

Sales commission 43,600

Salaries paid to sales clerk; 60,400

Explanation:

Cost of Goods Manufactured

Materials Used 128,900

Depreciation on plant 63,400

Property taxes on plant 23,100

Labor cost of assembly workers 114,800

Factory supplies used 32,100

WIP Beginning 14,200

Less;WIP closing (16,900)

Cost of Goods Manufactured 359,600

Cost of Goods Sold

Opening Finished Goods 63,300

Cost of goods manufactured 359,600

Less; Closing Fininsed goods (48,200)

Cost of Goods Sold 374,700

5 0

3 years ago

Last month, sellers of good Y took in $100 in total revenue on sales of 50 units of good Y. This month sellers of good Y raised

nekit [7.7K]

Answer:

Option c = They are Substitutes and have cross price elasticity of 1.67

Explanation:

Cross-Price Elasticity = %change in Quantity demanded of good X

%change in Price of good Y

% change in Quantity Demanded of good X = Q2-Q1 × 100

(Q1+Q2)

% change in Quantity Demanded of good X = 40-20 ×100

(20+40)

% change in Quantity Demanded of good X = 66.67%

% change in price of good Y = P2-P1 × 100

( P1+P2)

Last month Total Revenue = $100

Total Units = 50

Last month Price / unit = 100/50 = $2

This Total Revenue $120

Total units 40

This monthPrice / unit = 120/40 = $3

% change in price of good Y= 3 - 2 × 100

3+2

% change in price of good Y = 1 × 100

2.5

% change in price of good Y = 40%

Cross-Price Elasticity = 66.67

Cross- Price Elasticity = 1.67

Since its greater than 1 its Cross price elasticity of Substitute

also as the price of good y increased from $2 to $3 the quantity demanded of good x increased although its price remained constant which indicates its a substitute good as people preferred buying good x instead of good y

6 0

3 years ago

What are Financial Statements??

kiruha [24]

Answer:

Financial statements are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand.

Explanation:

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7 0

2 years ago

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