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3 years ago

you are saving $30 each month. you have a goal to accumulate $700 in savings. how long will it take you?

2 answers:

6 0

Goal = accumulate $700 in savings
Saving = $30 a month
To solve: Take the goal savings amount of $700 and divide the amount that is going into the savings monthly, $30 by it. $700/$30 = 23.33 months If sticking to a full month goal, it would take 24 months for the savings to be at $700.

vredina [299]3 years ago

5 0

Goal = accumulate $700 in savings
Saving = $30 a month
 To solve: Take the goal savings amount of $700 and divide the amount that is going into the savings monthly, $30 by it.
$700/$30 = 23.33 months
If sticking to a full month goal, it would take 24 months for the savings to be at $700.

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Damien Carranza is an nonexempt employee of Verent Enterprises where he is a salesperson, earning a base annual salary of $30,00

Kay [80]

Answer:

Total weekly pay of August = = $ 1468.75

Explanation:

Annual salary = $30,000

Monthly Salary = $ 30,000/12= $ 2500

Salary for 40 hours * ( 4 weeks) = 160 hours = $ 2500

Salary for 1 hour= $ 2500/160= $ 15.625= $ 15.63

He worked additional 4 hours so pay for four hours is = 4 * 15.63= $ 62.5

But as he is a non exempt employee he is entitled to get 1.5 times higher than normal pay for over time so

he will be paid $ 62.5 * 1.5= $ 93.75 for over time

Commission on Sales = 3 % of $25,000

= $ 750

Weekly pay= $ 2500/4= $ 625

Total weekly pay of August = Weekly pay + Commission + Overtime

= $ 625 + $ 750 + $ 93.75

= $ 1468.75

8 0

2 years ago

When financing a car, you must pay ___ on the amount borrowed.

goldfiish [28.3K]

The answer is interest. whenever you take a car loan from a bank or a financial institution, you always have to pay interest on the amount borrowed or the principal amount. the interest is how the financial institution or bank will earn through lending money

7 0

3 years ago

On September 1, 2020, Windsor Company sold at 104 (plus accrued interest) 3,840 of its 8%, 10-year, $1,000 face value, nonconver

Rzqust [24]

Answer:

total sales value = 3,840 x $1,000 = $3,840,000 x 1.04 = $3,993,600

since each bond carried 2 detachable stock warrants, we must include in the bond issuance the value of the stock warrants = 3,840 bonds x 2 warrants x $2 per warrant = $15,360

the premium on bonds payable = total cash received - bonds payable - stock warrants = $3,993,600 - $3,840,000 - $15,360 = $138,240

the journal entry for recording the bond issuance:

September 1, 2020, 3,840 8% bonds issued

Dr Cash 3,993,600

Cr Bonds payable 3,840,000

Cr Premium on bonds payable 138,240

Cr Additional paid in capital - warrants 15,360

5 0

3 years ago

If the money supply is $500 and nominal income is $3,000, the velocity of money is A. 1/60. B. 1/6. C. 6. D. 60.

algol [13]

Answer:

The correct option is c.6

Explanation:

For computing the velocity of money, the following formula should be used which is shown below:

The Velocity of money = Nominal income ÷ money supply

where,

Nominal income is $3,000

and, the money supply is $500

Now put these values to the above formula so that we can find out the answer

So, the answer would be equal to

= $3,000 ÷ $500

= 6

Thus, the velocity of money is 6

Hence, the correct option is c.6

5 0

3 years ago

Identify the correct statement regarding an employee assistance program. Multiple Choice It involves hiring an arbitrator from o

Genrish500 [490]

Answer:

It is a system that supervisors can use to refer their employees for professional treatment when necessary.

Explanation:

The employee assistance program is the program that helps the employee to received the benefits for assist the manager to solve out the personal problems that occurs at the time of performing a job that directly impact your job performance in terms of health, mental, emotional behavior

Therefore the above represent the answer

5 0

2 years ago