Answer:
Julie
The percent of her monthly income that will be budgeted for transportation is:
= 13%.
Explanation:
a) Data and Calculations:
Amount budgeted for transportation = $175
Amount being spent on transportation = $250
Total monthly income = $1,900
Percentage of monthly income that will be budgeted for transportation = $250/$1,900 * 100
= 13.16%
= 13.2%
= 13%
Percentage of monthly income earlier budgeted for transportation = 9% ($175/$1,900 * 100)
The additional spending on transportation represents 4% ($75/$1,900 * 100)
New percentage spending on transportation = 13% (9% + 4%)
Yes. Subsidies are benefits that the government can grant to institutions, households and businesses to promote economic efficiency and reduce market failures. They may be distributed through cash or by cutting tax rates. However, there is controversy about the effectiveness of using subsidies for the economy, often related to the inefficiency of promoting a free market, allocating resources that could be used for investment in productive resources and masking the results of economic efficiency. Another major concern with the use of subsidies is the formation of political alliances of those who receive them and those who provide them, creating political interests because of their use.
Answer:
$763,808.48
Explanation:
The computation of the principal amount after considering the monthly payment is shown below:
But before that first we have to determine the annual interest i.e
= $765,000 × 5.5%
= $42075
Now the one month interest rate which is
= $42,075 ÷ 12 months
= $3506.25
And, the given interest rate per month is $4,697.77
So, now the principal amount is
= $765,000 - ($4,697.77 - $3506.25)
= $765,000 - $1,191.52
= $763,808.48
Answer:
In a situation in which the transactions that occurred were been arranged accordingly or just exactly the way the transaction happened which means that the customer will owe the amount of $22.
In a situation in which the transactions are been posted in descending order which is from largest transaction to the smallest transactions the customer money in his or her bank account will reduce quickly which will in turn make customer to have the amount of $88 as overdraft.
Explanation:
In a situation in which the transactions that occurred were been arranged accordingly or just exactly the way the transaction happened which means that the customer will owe the amount of $22 because based on the information given we were told that the customer original order resulted in one $22 fee which means that 1 multiply by $22 fee will give us $22 (1*22) which is the amount owe by the customer.
Secondly in a situation in which the transactions are been posted in descending order which is from largest transaction to the smallest transactions the customer money in his or her bank account will reduce quickly which will in turn make the customer to have the amount of $88 as overdraft reason been that we were been told that the reordering resulted in four $22 fee which means that four multiply by $22 fee will give us $88 (4*22).
Answer:
Cost of goods sold will be overstated by $10,000
Net income will be understated by $10,000
Explanation:
The movements in inventory account can be shown as
Opening balance + purchases - cost of goods sold = ending balance
As such, understating the ending balance would result in an overstatement of cost of goods sold. This will in turn result in an understatement of gross and net income.
