1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
guapka [62]
2 years ago
15

Describe a real or made up but realistic example of earned income that you or someone you know has received. What type of work w

as the income from? Was the income in the form of a salary or wages?
Business
1 answer:
makkiz [27]2 years ago
8 0
A friend has earned income from babysitting children in her neighborhood. She earned $15 per hour that she babysat so the income was in the form of an hourly wage.
You might be interested in
Angelo invested $4,000 into two accounts. One account paid 4% interest and the other paid 9% interest. He earns 6% interest on t
inn [45]

Answer:

$2,400 was placed in the account earning 4%, and $1,600 was placed in the account earning 9%

Explanation:

In this case, we have two unknowns, so in order to be solved, we need to find two equations.

We know that amount 1, that we call x, plus amount 2, we call y, is 4000.  

<em>x + y = 4000</em>

Also we know, when we add the interest earned on amount 1 to the interest earned on amount 2, the total interest is 6% of 4000, it means: 240

<em>0.04x+0.09y=240</em>

So, we have two equations with two unknowns

<em>x + y = 4000</em>

<em>0.04x+0.09y=240</em>

That we can solve for any method we know. We will use substitution.  Lets clear from first equation the unknown x.

x=4000-y

Then, we substitute in second equation

0.04(4000-y)+0.09y=240

And we solve:

160-0.04y+0.09y=240

0.05y=240-160

y=80/0.05=1600

Now we simply plug this into our first equation and solve for x

x+y=4000

x+1600=4000

x=4000-1600

x=2400

So, $2,400 was placed in the account earning 4%, and $1,600 was placed in the account earning 9%

4 0
3 years ago
Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Smiley Corporation wholesales repair products to equipm
Masja [62]

Answer and Explanation:

The Journal entry is shown below:-

a. Cash Dr, $20,811,010

            To Bonds payable $20,000,000

            To Premium on Bonds payable $811,010

(Being issuance of the bond is recorded)

For recording this we debited the cash as it increased the assets and at the same time it also increased the liabilities so the bond payable and premium is credited

b. Interest expenses Dr, $818,899

Premium on Bonds payable $81,101 ($811,010 ÷ 5 × 6 ÷ 12  )

              To Cash $900,000 ($20,000,000 × 9% × 6 ÷ 12)

(Being  interest expense is recorded)

For recording this we debited the interest expense as it increased the expenses and credited the cash as it reduced the assets plus the remaining balance is debited to premium on bond payable

c.The contract rate of interest is higher than market rate of interest.

5 0
3 years ago
Customers are likely to be less price sensitive when:A. it is easy to compare prices.B. someone else pays the bill.C. the total
My name is Ann [436]

Answer:

Letter E is correct. <em>Their share of the cost is hig</em>h.

Explanation:

Price sensitivity is characterized by consumer behavior in relation to the price of a product or service.

The degree of price sensitivity can be measured using the price elasticity of demand, which is the study of the percentage change in the amount of demand for a good or service divided by the percentage change in price.

Some variables may affect consumer behavior, price sensitivity may be higher when there are many substitute products and lower when the consumer values ​​a higher quality good and <u>when its profitability is higher compared to the total cost of the product. </u>

3 0
3 years ago
true or false: market-based forecasting of exchange rates has shown to be more consistent and reliable than the other primary fo
soldier1979 [14.2K]

True, Compared to the other main forecasting techniques, market-based forecasting of exchange rates has proven to be more reliable and consistent.

What is Market-based forecasting?
By utilising a wide range of data that describe the nature of demand within the organization's service area, market-based demand forecasting is a technique for estimating future demand for a healthcare organization's services. The primary and secondary service areas, population breakdowns by various demographic categories, discharge utilisation rates, market size, and market share by service line and overall are just a few examples of the information we're talking about. Strategic planners can develop scenarios describing potential future demand based on observable market dynamics and a variety of explicit assumptions about future trends. Then, financial planners can assess every scenario to see how it might affect particular financial and operational metrics, like operating margin, days with cash on hand, as well as debt-service coverage, and create a strategic financial plan that accounts for a variety of contingencies.

To learn more about Market-based forecasting
brainly.com/question/29222915
#SPJ4

3 0
1 year ago
Boron company has net sales of $60,000; beginning inventory of $7,000; purchases of $35,000 and ending inventory of $5,000. The
SCORPION-xisa [38]

Net sales for the Boron Company were $60,000, with $7,000 in beginning inventory, $35,000 in purchasing, and $5,000 in ending inventory. $37,000 is the cost of the sold goods.

Cost of Goods Sold is calculated as Beginning Inventory minus Purchases minus Ending Inventory.

$7000+$35000-$5000=$37000

The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution. As a company's gross profit is calculated by subtracting COGS from its revenues, COGS is a crucial financial statement statistic.

To learn more about Cost of goods sold here

brainly.com/question/13499038

#SPJ1

7 0
11 months ago
Other questions:
  • Match each organization with its correct relationship to the government.
    12·2 answers
  • You are buying a bond at a clean price of $1,140. The bond has a face value of $1,000, a coupon rate of 3.8 percent, and pays in
    7·1 answer
  • Research shows that ____ strategies are not as prevalent as once thought, and that they are very difficult to implement. in fact
    6·1 answer
  • Night Shades, Inc. (NSI), manufactures biotech sunglasses. The variable materials cost is $11.13 per unit, and the variable labo
    7·1 answer
  • As a general rule, a profit-maximizing restaurant owner employs each factor of production up to the point at which the value of
    12·1 answer
  • Compare and contrast the views of management and accountants regarding the changes required by the Sarbanes-Oxley Act on interna
    12·1 answer
  • Research shows that legal action is taken against fraud perpetrators in: Group of answer choices Almost all fraud cases. More th
    14·1 answer
  • A small risk of loss in an investment.
    11·1 answer
  • The FIFO method provides a major advantage over the weighted-average method in that: A. the calculation of equivalent units is l
    14·1 answer
  • Which situation would increase the scarcity of a product?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!