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Law Incorporation [45]
3 years ago
7

Carl and Nancy Johnson prepared a household budget in an attempt to manage their money better. As part of their budgeting proces

s, Carl and Nancy prepared the following list: Monthly Income (after taxes) = $4,500; Monthly Expenses (Necessities), which include Rent: $550, Auto Loan: $250, Student Loan: $200, Savings: $500, Food: $200; Total Monthly Expenses = $1,700; Amount Left Over = $2,800. After totaling their necessary expenses, which equals $1,700, Carl and Nancy subtracted that amount from their monthly income of $4,500. The Johnsons were happy to realize that they had $2,800 left over, which is their __________.
Business
1 answer:
Marina CMI [18]3 years ago
6 0

Answer:

Discretionary income

Explanation:

Discretionary income can be described as the amount of money that an individual have left to save, spend, or invest after he has paid taxes and for necessities.

The necessities are food, clothing and shelter which are the most important needs of human beings.

Discretionary income is therefore spent on vacations, luxury goods, and other commodities that are not essential.

Therefore, the $2,800 left over for the Johnsons is their discretionary income.

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At the beginning of the year, Rangle Company expected to incur $64,000 of overhead costs in producing 6,400 units of product. Th
Studentka2010 [4]

Answer:

$48,000

Explanation:

The total cost of the units produced in the month is the sum of the direct and indirect cost. The indirect cost is also known as the overheads.

The direct cost is the sum of the direct labor and direct material cost.

Total direct cost = 600( $30 + $40)

= $42000

Indirect cost = 600/6400 * $64,000

= $6000

The total cost of the units made in January was

= $42000 + $6000

= $48,000

6 0
3 years ago
Read 2 more answers
Julie wants to create a $5,000 portfolio. She also wants to invest as much as possible in a high risk stock with the hope of ear
svetoff [14.1K]

Answer:

C) Invest $2500 in a risk free asset and $2500 in a stock with beta of 2.0

Explanation:

Stock that is beta 2 means that it is twice as volatile as the whole market. Meaning for example if the market is expected to move by 5% this stock will move 10%. New startup firms that are fast-growing usually have stocks in this category. It is more risky thank normal shares but no too much. We can invest $2,500 here.

We invest the remaining $2,500 in risk-free assets

This is a backup on the chance that the investment on beta 2 stocks do not perform, the risk-free assets will make up for losses.

3 0
3 years ago
The ________ is where quantity demanded and quantity supplied are equal at a certain price.
nikklg [1K]
The answer to this question is Equilibrium price
The equilibrium price most commonly indicate the price level where both sellers and buyers feel satisfied.
In this level, the buyers will get the maximum value from the products while the sellers still maintaining a sustainable level of profit to continue their business.
6 0
2 years ago
2. Setting a goal, reaching it, and then setting a bigger goal is a characteristic trait of a _______ entrepreneur. A. forthrigh
gulaghasi [49]
Setting a goal, reaching it, and then setting a bigger goal is a characteristic trait of a Self-motivated Entrepreneur.
5 0
3 years ago
Read 2 more answers
La) State clearly 1 consumer need which is met by "Canadian Living" magazine. Be careful to remember that needs are "states of d
ella [17]

Answer:

<u>Need to perform everyday tasks like cooking.</u>

Explanation:

For example, Canadian Living magazines has a record of often publishing articles related to new cooking recipes that are cheap and affordable.

Many consumers often need information that can help that can assist them in cooking nutritional foods at the best price possible.

7 0
2 years ago
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