Answer:
$274,400
Explanation:
Data provided in the question:
Annual income of Tim and Tammy = $56,000
Net worth of Tim and Tammy = $150,000
Now,
Using the easy method
Step 1;
Multiply the annual gross income by 70%
⇒ $56,000 × 0.70
⇒ $39,200
Step 2 :
Multiply the above result with 7
⇒ $39,200 × 7
⇒ $274,400
therefore,
we get the amount of life insurance as $274,400
Lock the card, and contact the bank.
Answer:
Access to factors of production
Explanation:
Factors of production refers to all the resources that are needed in order to create goods or services. Generally, factors of production are divided into 4 category:
-Land
- Labor
- Capital
- Entrepreneurial skill
The woods that needed as raw materials from the text above is included as a part of 'land' . Since Resumbro have closer access to this resources, it will be cheaper for them to produce that materials, and it will be cheaper for Grettzee to buy it from another place .
Answer:
b. exit barriers are high
Explanation:
Declining industries are those industries wherein the industry has saturated and experiences a negative growth. The characteristic of such industries being the products are lesser in demand.
For instance, cassettes and magnetic tapes industry was in demand until the arrival of more advanced forms such as compact discs and usbs, post which those industries turned into declining industries.
A declining industry with high barriers to exit would experience a greater competition since the barriers would encourage competition instead of withdrawal. And with higher costs of withdrawal, the firms continue producing at negative growth.
<span>Separate maintenance payments and alimony are deductible
by the party creating the payments and are includible in the gross income of
the party getting the payments. Therefore, income is shifted from the income
earner to the income beneficiary, who is better able to pay the tax on the amount
received.</span>
