All categories

3 years ago

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

How to solve this problem please help me

Svetach [21]

Answer:

Date Particulars Debit Credit

Inventory 40,000

Accounts Payable - Gita 30,000

Bank 10,000

Accounts Receivable - Jeewan 7,000

Sales 7,000

Cost of Goods sold 10,000

Inventory 10,000

Accounts Payable - Gita 15,000

Discount Received 1,000

Cash 14,000

Cash 6,500

Discount Received 500

Accounts Receivable - Jeewan 7,000

Explanation:

It is required to record journal entries of given transactions. It is shown on the question that transactions includes purchase, sales, cash receipts and cash payment. The first transaction describe that business purchase goods from Gita while in second transaction it shows the business sold goods on Credit. The third transaction indicates business paid cash to accounts payable and received discount. The fourth transaction indicates that business received cash from Jeewan a Receivable and received discount from them.

4 0

3 years ago

Weber believed that:

BartSMP [9]

Answer:

The correct answer is d. property could bring prestige, and prestige could bring property.

Explanation:

The textual definition of Weber is the following: "The set of probabilities is inherited property appropriated by an individual or a community or a society; being free property in the event that it is disposable" (Weber, 1922: 36) .

The "stratum" is the conglomerate of individuals who occupy a similar position in the hierarchy of prestige of a society. These men have a very weak and relative community of culture and gender of life and can hardly become the support of a common conscience and action. The "class" is instead a totality, a group, which is characterized above all by conscience, will and action (organization, party)

4 0

3 years ago

On october 1, 2014, balkan, inc. accepted from another corporation a 1-year note receivable in the amount of $15,000, with an in

Naily [24]

<span>Balkan's assets will increase by Accounted receivable: $15,000 + Interest Receivable (0.06)$15000 = $15,900, at October 1st, 2014.</span>

4 0

3 years ago

In Macroland there is $12,000,000 in currency. The public holds half of the currency and banks hold the rest as reserves. If ban

Rashid [163]

Answer:

C.$48,000,000; $54,000,000

Explanation:

First we lay out the data

Currency (C) = $6,000,000

Reserves (R) = $6,000,000

Reserve-Deposit Ratio (rr) = 12.5%

To find deposits we simply solve a rule of three. Reserves are 12.5% of what deposits are:

X 100%

6,000,000 12.5%

6,000,000 x 100/12.5 = 48,000,000

So Deposits (D) are $ 48,000,000

Now, to find the money supply, we must solve this equation

M = m x B

Where M = Money supply, m = money multiplier and B = monetary base

Monetary base is equal to currency in hands of the public + reserves, so:

B = C + R

B = $6,000,000 + $6,000,000

B = $12,000,000

The money multiplier equals to

m = (cr + 1)/(cr + rr)

cr is currency - deposit ratio

In this case currency is $6,000,000 and deposits are $48,000,000, so the currency-deposit ratio (cr) is the same as the reserve-deposit ratio (rr) = 12.5%

Now we plug the amounts into the formula, remember that we must convert percentages into decimals when solving an equation:

m = (0.125 + 1) / (0.125 + 0.125)

m = 4.5

Finally, we can solve for the money supply. Money supply is equal to the monetary multiplier times the monetary base:

M = m x B

M = 4.5 x $12,000,000

M = $54,000,000

8 0

3 years ago

Wolf Company used $5,940 of indirect raw materials and $56,700 of direct raw materials during the period. The company incurred $

lora16 [44]

Answer:

Overhead= $12,420

Explanation:

Giving the following information:

Wolf Company used $5,940 of indirect raw materials and $6,480 of indirect factory labor during the period.

Factory overhead costs are the costs that can't be directly assigned to a product, service or job. This is why companies assigned overhead using manufacturing overhead rates.

In this case, the overhead is the sum if indirect material and indirect labor:

Overhead= 5,940 + 6,480= $12,420

4 0

3 years ago