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2 years ago

QUESTION 10

Business

1 answer:

melisa1 [442]2 years ago

5 0

Answer:

business

Explanation:

Business is a term that generally describes a firm, company, or individual's combined activities, or system that deal with the creation of commodities or services for the purpose of meeting the targeted consumers' demands.

In order to meet the targeted consumers' demands, businesses transform lower-value inputs into high-value outputs.

Hence, in this case, the correct answer is BUSINESS

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A good rule of thumb is to limit consumer credit payments to ____________ percent of your net monthly income.

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<span>A good rule of thumb is to limit consumer credit payments to 20% percent of your net monthly income.</span>

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3 years ago

James Perkins wants to have a million dollars at retirement, which is 15 years away. He already has $200,000 in an IRA earning 8

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Solution :

Given :

James needs $ 1,000,000 after 15 years.

His IRA deposit is $ 200,000 and is earning at the rate of 8% per annum.

Maturity value of $200,000 after 15 years = $2000000 \times( 1.08)^{15}$

= $ 634,434.

Balance fund needed after 15 years = 1,000,000 - 634,434

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Therefore, the future value of the annuity is :

$FV=A[\frac{(1+k)^n-1}{k}]$

Here, FV = future annuity value = 365,566

A = periodical investment

k = interest rate = 8%

n = period = 15 years

∴ $365566 = A\frac{[(1.08)^{15}-1]}{0.08}$

A = 13,464

Thus, James needs to save $ 13,464 each year end to reach his target.

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2 years ago

Marco predicts he will have $18,750 in expenses for one year of college. He expects to receive $3,450 in grants annually. How mu

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3 years ago

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Under which type of policy does the government reduce its expenditures and increase tax rates? A. contractionary monetary policy

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Answer:

B. contractionary fiscal policy

Explanation:

The government influences economic direction through fiscal policy measures of increasing or decreasing its expenditure and taxation. Therefore, fiscal policies involve the government's actions of adjusting its spending and taxation to achieve desired economic objectives.

Fiscal policies can either be contractionary or expansionary. Contractionary measures are applied to control rising inflation and moderate the rate of growth. These policies aim at reducing liquidity in the market, thereby achieving stable prices. A reduction in government spending and an increase in taxation reduces liquidity or money circulation.

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2 years ago

During 2018, Jerry is a self-employed therapist, and his net earned income is $187,600 from his practice. Jerry's SEP Plan, a de

DerKrebs [107]

Answer:

$55,000

Explanation:

A Simplified Employee Pension (SEP) Plan is used in the United States by employers or self-employed persons to provide retirement benefits for themselves and their employees

As stated by the Internal Revenue Service (IRS), the contributions that can be made to each employee’s SEP-IRA each year is which one is lower between 25% of compensation and the maximum of $55,000 for 2018.

We can then calculate as follow:

1. Jerry's contribution calculation = 25% × $187,600 = 46,900.

2. Maximum allowable = $55,000.

Since a defined contribution plan states that Jerry will contribute the maximum amount allowable and the maximum for 2018 is $55,000, Jerry's contribution will therefore be $55,000.

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3 years ago