All categories

2 years ago

Match the different types of incomes to their sources.

2 answers:

7 0

There are three (3) types of income: Earned Income, Portfolio Income and Passive Income.

Earned Income - a type of income that is generated through work (e.g. salary)

Portfolio Income - These income are somewhat called "capital gains" because it is where the state gets salary taxes. This type of income is generated through selling investments in a higher price that you paid.

Passive Income - This type of income is generated through your assets that you have created. Like for instance, you bought a house and let it rent to earn an income.

Norma-Jean [14]2 years ago

5 0

For plato

Automatic Draft- A convenient payment method where funds are automatically debited from your account

Cash- the physical form of currency

Credit card- Allows you to make a payment now and pay for it later

Digital Wallet- An electronic device that aids consumers to make online payment through various websites

You might be interested in

how many years will be required for a given sum of money to triple, if it is deposited in a bank account that pays 6% per year c

IgorLugansk [536]

Answer:

19 years

Explanation:

the 19th year your money will triple and be worth 3.0256 times the original sum.

7 0

3 years ago

Two individuals start the same training program at the same time, but one is able to grow muscle faster and larger than the othe

stellarik [79]

Answer:A.One individual was born with more muscle fibers.

Explanation:

Muscle fibers are fibers that helps us break down the protein in our body and protein are the actual muscle makers .

If someone is born with muscle fibers his body breaks up these protein faster that the normal individual which makes their muscles build up faster than a normal person .

6 0

2 years ago

Read 2 more answers

Mercury Inc. purchased equipment in 2019 at a cost of $497,000. The equipment was expected to produce 580,000 units over the nex

Ivan

Answer:

Gain or (Loss) on sale = (17000) Loss

Cash 253600 Dr

Accumulated Depreciation 226400 Dr

Loss on Sale 17000 Dr

Equipment 497000 Cr

Gain or (Loss) on sale = 9400 Gain

Cash 280000 Dr

Accumulated Depreciation 226400 Dr

Gain on Sale 9400 Cr

Equipment 497000 Cr

Explanation:

We first need to calculate the carrying value of the equipment at the date of disposal. The carrying value is calculated as follows,

Carrying value = Cost - Accumulated depreciation

Depreciation 2019 = (497000 - 33000) * 83000 / 580000

Depreciation 2019 = 66400

Depreciation 2020 = (497000 - 33000) * 133000 / 580000

Depreciation 2020 = 106400

Depreciation 2021 = (497000 - 33000) * 67000 / 580000

Depreciation 2021 = 53600

Carrying value = 497000 - [ 66400 + 106400 + 53600 ]

Carrying value = $270600

Gain or (Loss) on sale = Sales price - Carrying Value

Gain or (Loss) on sale = 253600 - 270600

Gain or (Loss) on sale = (17000) Loss

Cash 253600 Dr

Accumulated Depreciation 226400 Dr

Loss on Sale 17000 Dr

Equipment 497000 Cr

Gain or (Loss) on sale = Sales price - Carrying Value

Gain or (Loss) on sale = 280000 - 270600

Gain or (Loss) on sale = 9400 Gain

Cash 280000 Dr

Accumulated Depreciation 226400 Dr

Gain on Sale 9400 Cr

Equipment 497000 Cr

6 0

2 years ago

Free if I am voted brainiest and like!<br> Next time will be Moree than 50.... :)

PolarNik [594]

Answer:

huh?

what?

is this fReEeE?

4 0

2 years ago

Weston drives a car that was a birthday gift from his father almost a decade ago. In spite of the age of the car, Weston enjoys

Basile [38]

In this scenario, there is a high degree of social risk for Weston.

<h3><u>Explanation:</u></h3>

That act that has impacts on the people surrounding a person refers to social risk. The adverse effects that are caused as a result of actions of a particular person refer to social risk. Some of the examples of social risks include issues associated with labours, corruptions, etc. Most important things that are the result of social risk is the health related hazards.

Social risk also associates with the way the people treats the other based on certain criteria’s. In the given example Weston is driving a car that was presented as a gift by his father a long time ago. But as a partner of a law firm he thinks that others will disrespect him because of the car he drives. In this scenario, Weston has high degree of social risk.

8 0

3 years ago