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joja [24]
3 years ago
13

As a percent of take-home pay, monthly consumer credit payments should not exceed

Business
1 answer:
likoan [24]3 years ago
6 0
Take-home pay is calculated through individual's monthly gross income and subtracting federal tax, government, health and other contributions.

Consumer credit can be goods, money or services provided to a consumer instead of a payment and an example are credit cards and personal loans.

As a percent of take-home pay, monthly consumer credit payment should not exceed to 20%.



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A department adds raw materials to a Process at the beginning of the process and incurs conversion costs uniformly throughout th
Natasha_Volkova [10]

Answer: c. 78,000 equivalent units.

Explanation:

Equivalent units for conversion is calculated as:

= Units completed and transferred out + Equivalent ending work in process

Units completed and transferred out:

= Units started into production - Ending units

= 90,000 - 20,000

= 70,000 units

Equivalent ending work in process = 40% * 20,000 work in process units

= 8,000 units

Equivalent units for conversion = 70,000 + 8,000

= 78,000 units

7 0
3 years ago
You decide to take $600 out of your piggy bank at home and place it in the bank. If the reserve requirement is 2 percent, how mu
Ostrovityanka [42]
To determine the increase in the amount of money in the economy brought about the $600 taken out of the piggy bank, we multiply $600 by the decimal equivalent of the percentage given. That is,
                                  ($600) x (0.02) = $12
Hence, your $600 will increase the amount of money in the economy by $12. 
3 0
2 years ago
Sally and Andy are partners in Just Hats, LLC. Andy works in the business for an agreed salary draw of $4,000 per month. Sally h
den301095 [7]

Answer:

Net income allocated to sally is $112000

Explanation:

Sally invested $200000 and Andy invested $100000, which means Andy's  investment is half of Sally's investment. So he will receive the half of what Sally will get.

Let

Sally's pay be x

Andy's pay be x/2

Total Net income is 168000 dollars.

So, putting it in an equation, we get

(x+x/2)=168000

x(1+0.5)=168000

x(1.5)=168000

x= 168000/1.5

x=112000

So Sally's share will be $112000

Andy's share will be x/2

=112000/2

=56000

So Andy share will be $56000

4 0
3 years ago
Consider two economic regions, region A and region B. If region A has strict union protection laws present, while region B lacks
barxatty [35]

Answer:

higher unemployment rate

Explanation:

The economic region, A, where there is the presence of strict union protection laws, is most likely to experience increase unemployment rate compared to region B where there is the absence of strict union protection laws.

Unions most times favor those who are currently employed as opposed to those who are searching for jobs. They try to reduce wage inequality between low and middle wage workers and high- wage workers, this most times leads to increase in wages above the equilibrium level. This further result to the decline of amount of labor required hence leading to unemployment.

4 0
3 years ago
Read 2 more answers
Zephyr Inc. sells wind based systems for generating electricity. The company pays no dividends, but you estimate the stock will
kari74 [83]

Answer:

The price you should be willing to pay for this stock= $24.86

Explanation:

To estimate the stock will be worth $50 per share 5 years from now and you require a 15% rate of return for stock investments of this type . Therefore  50= xX1.15^5  by solving this equation we have  x= 24.86  . The price you should be willing to pay for this stock= $24.86

7 0
2 years ago
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