Which action would a government most likely take to reduce its

Sal and Jen went to the store together, and each bought the same car stereo. Sal used a card to make the purchase, and the full

Irina18 [472]

<span>Because Sal paid for the purchase in full at the time he bought the car stereo, his total at the time was $442.00. Jen bought the same identical car stereo and her payments of $21.30 a month for 18 months equaled $383.40. Add to this total $58.60 in interest and the final total would be $442.00.</span>

4 0

4 years ago

Which statement describes the effect of taxes on a traditional 401(k) retirement account?

Inga [223]

Answer:

C.

A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.

Explanation:

There are two types of 401 k plans: traditional 401k and Roth 401k plans. The difference is the way there are taxed.

The traditional 401k plan is an employer-sponsored retirement scheme. The employer withholds the employee contributions and remits the funds to the employee's 401k savings account. The amount deducted as the employee contribution is not subject to taxation at that point. Contributions to 401k plans reduce the employee's taxable income.

The amounts saved in a 401k plan are invested and generate income. Employees are not expected to pay taxes on the income generated every financial period. All taxes are deferred until the time of withdrawal.

3 0

3 years ago

Read 2 more answers

The demand to attend a certain college is represented by a downward-sloping demand curve. The supply of spots at the college is

oksano4ka [1.4K]

Answer:

B. GPA required to attend the college will probably fall

Explanation:

If the demand for college falls but the tuition stays constant, GPA required to attend the college will probably fall so as to stimulate demand for colleges and increase demand for colleges.

I hope my answer helps you

5 0

4 years ago

Which statement best explains why reporters should use mostly primary sources?

Flura [38]

Answer:

b

Explanation:

because it is the best one for that

5 0

3 years ago

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Flura [38]

Answer:

Warnerwoods Company

Perpetual Inventory System:

1. Cost of Goods Available for Sale and Units Available for Sale:

Mar. 1 Beginning inventory 60 units $50.20 per unit $3,012

Mar. 5 Purchase 205 units $55.20 per unit 11,316

Mar. 18 Purchase 65 units $60.20 per unit 3,913

Mar. 25 Purchase 110 units $62.20 per unit 6,842

Available for Sale 440 units Cost = $25,083

2. The number of units in ending inventory:

Units Available for Sale 440

Subtract units sold 310

Ending Inventory 130 units

3. The Cost assigned to ending inventory using:

a) FIFO: Ending Inventory

20 units at $60.20 per unit = $1,204

110 units at $62.20 per unit = 6,842

Ending Inventory $8,046

b) LIFO: Ending Inventory

Mar. 1 Beginning Inventory 45 units $50.20 per unit = $2,259

Mar. 18 Purchase 65 units $60.20 per unit = 3,913

Mar. 25 Purchase 20 units $62.20 per unit = 1,244

Ending Inventory 130 units Cost = $7,416

c) Weighted Average: Ending Inventory

Cost of Goods Available for Sale divided by units available for sale

= $25,083/440 = $57 per unit

Ending Inventory = $57 x 130 = $7,410

d) Specific Identification: Ending Inventory

This cannot be answered from the information provided in the question:

4. Gross Profit for each costing method:

FIFO LIFO WEIGHTED SPECIFIC

AVERAGE IDENTIFICATION

Sales $27,312 $27,312 $27,312 $27,312

Cost of Sales 17,037 17,667 17,670

Gross Profit $10,275 $9,645 $9,642

Explanation:

a) Sales:

Mar. 9 Sales 220 units $85.20 per unit = $18,744

Mar. 29 Sales 90 units $95.20 units = 8,568

Total = $27,312

b) Cost of Sales:

i) FIFO

Mar 1. Beginning inventory 60 units $50.20 per unit = $3,012

Mar. 5 Purchase 205 units $55.20 per unit = 11,316

Mar. 18 Purchase 45 units $60.20 = 2,709

Cost of Sales = $17,037

ii) LIFO:

Mar. 1 Beginning inventory 15 units $50.20 per unit = $753

Mar. 5 Purchase 205 units $55.20 per unit = $11,316

Mar. 25 Purchase 90 units $62.20 per unit = $5,598

Cost of Sales = $17,667

iii) Weighted Average:

Cost of Sales = $57 x 310 = $17,670

c) Calculations under the specific identification cannot be made because of the figures given under this method.

5 0

4 years ago