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Ann [662]
3 years ago
15

ECONOMICS

Business
1 answer:
Wittaler [7]3 years ago
6 0

Answer:

Annual Income is calculated by multiplying the Hourly wage by 4,000 hours.

The Difference between annual wage and federal poverty line is calculated by deducting the 2019 Poverty threshold of $13,011 from the Annual Income.

The Difference between annual wage and median household income is calculated by deducting the 2019 Median household income of $68,703 from the Annual income. Negative balances are highlighted.

You might be interested in
If you will be given enough capital or resources, what processed food would you like to manufacture? What techniques you will ap
iris [78.8K]

Answer:

CAKE products

Explanation:

Food processing can simply be defined as “a variety of operations carried out on raw materials or raw foodstuffs/ingredients in order to make it edible for cooking, consumption and storage."

If given enough capital, the processed food that I will love to manufacture is <u>cake</u>. This is due to my interest in food processing, especially when dealing with cake. <em>I have undergone several pieces of training on how to bake a cake of different flavours and have been taught its method of preservation. Hence to ensure the safety of the general populace, I will ensure the cake is properly preserved and kept away from anything that may cause food contamination. I will also ensure its handling is minimal to some extent to avoid cross-contamination that may cause food hazards.</em>

8 0
3 years ago
Suppose Joe is maximizing total utility within his budget constraint. If the price of the last pair of jeans purchased is $25 an
inessss [21]

Answer:

80 units

Explanation:

Given:

  • Price: $25 we have: 100 units
  • Price: $20, how many units to maximize the total utility

Let X is the number of units we need to find

As we know that, the law of equal-marginal utility a consumer spends his or her income among goods so that utilities receive from the amount spent is equal. So we use a simple rule of three:

$25    100 units of utility

$20      X

<=> 25X = 20*100

<=> X = 80 units

Hope it will find you well.

6 0
3 years ago
Rick O'Shea, the only employee of Hunter Furniture Company, makes $32,400 per year and is paid once a month. For the month of Ja
mina [271]

Answer: $‭368.55‬

Explanation:

Employer payroll tax is;

= Social security + Medicare +  State Unemployment Tax + Federal Unemployment tax

Monthly salary = 32,400/12 = $2,700

= (6.2% * 2,700) + (1.45% * 2,700) + ( 5.4% * 2,700) + ( 0.6% * 2,700)

= $‭368.55‬

8 0
3 years ago
You would like to have enough money saved after your retirement such that you and your heirs can receive $100,000 per year in pe
san4es73 [151]

Answer:

$900,000

Explanation:

Given that,

Perpetuity payment = $100,000

Annual interest rate = 12.5 percent

Total value of investment should be:

= Perpetuity payment ÷ Annual interest rate

= $100,000 ÷ 0.125

= $800,000 (should be as balance on the date of retirement)

The first payment of $100,000 should be on the date of retirement

Therefore,

Total investment on the date of retirement should be:

= $800,000 + $100,000

= $900,000

3 0
3 years ago
Suppose that the Federal Reserve decides to increase the money supply with a $300 purchases of Treasury bills. Complete the tabl
shutvik [7]

A $ 300

B $ 300

C $ -300

D $ 300

Treasury bills are assets and the monetary base is a liability.

<u>Explanation:</u>

To increase the money supply in the economy, the federal reserve should buy the treasury bills and this will increase the money supply in the economy, leading to more demand in the economy and therefore there will be growth and development of the economy.

With the increase in the purchase of the treasury bills by the federal reserve, the money supply will increase by $300.

4 0
3 years ago
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