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2 years ago

72% of millennials have between 0$ and $9,999 saved for their retirement so far. Why is this a potential problem?

1 answer:

6 0

Potential problem analysis is a method where it determines that the problem that can occur in a plan during development.

Explanation:

The potential problem causes can be rated accordingly such as nature of the occurrence of the problem , their consequences, the actions for prevention that can be taken, contingency plans that are being developed.

Millennial have to save more money for retirement otherwise they will go below the poverty line due to inflation. There are many millennial who invest unwisely without knowing the proper return on investment . According to Greg McBride , the chief analyst of the Bankrate.com said that the millennial are going to have big burden in savings after retirement.

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Damien Carranza is a nonexempt employee of Verdant Enterprises where he is a salesperson, earning a base annual salary of $31,75

Allushta [10]

Answer:

Damien Carranza

Gross pay = $1.494.17

Explanation:

a) Data and Calculations:

Base annual salary = $31,750

Weekly base hours = 40 hours

We assume that there are 52 weeks in a calendar year.

Hourly rate = $31,750/(52 weeks * 40 hours) = $15.26442 per hour

Overtime worked = 4 hours

Overtime rate = 4 * $31,750/2,080 * 1.5 = $91.59

Weekly base pay = 40 * $31,750/2,080 = 610.58

Commission = $26,400 * 3% = 792.00

Gross pay = $1,494.17

b) Since Damien is a non-exempt employee, he is entitled to earn the federal minimum wage and qualify for overtime pay. This is calculated as one-and-a-half times his hourly rate, for every hour worked above and beyond the standard 40-hour workweek. The gross pay is Damien's total earnings throughout the week before deductions for mandated taxes, health insurance, retirement, and Medicare contributions are made.

7 0

2 years ago

How do property right benefit entrepeneurs?

Vikki [24]

Answer:

Through allowing themselves to buy resources and spend them accordingly.

Explanation:

Properties law provides full authority for merchants or developers with possession of such resources or properties.
However, once the property has been enforced upon that estate, all persons besides just their owners haven't even the ability to access the property without any of the consent of their heirs.

Thus the above is the correct approach.

6 0

2 years ago

Assume that Simple Co. had credit sales of $250,000 and cost of goods sold of $150,000 for the period. It estimates that 1 perce

Dahasolnce [82]

Answer:

A. Debit: Bad Debt Expense 2,500

Credit: Allowance for Doubtful Accounts 2,500

250,000 x .01 = 2,500

B. Debit: Bad Debt Expense 2,750

Credit: Allowance for Doubtful Accounts 2,750

3,000 - 250 = 2,750

8 0

2 years ago

6. Why do American business owners try to avoid accepting Canadian coins?

fenix001 [56]

Answer:

because America coins and Canada coins is same

Explanation:

pls mark this

3 0

2 years ago

What is the difference between a change in aggregate supply and a change in aggregate output supplied?

trapecia [35]

The aggregate demand curve, like most typical demand curves, slopes downward from left to right. Demand increases or decreases along the curve as prices for goods and services either increase or decrease. In addition, the curve can shift due to changes in the money supply, or increases and decreases in tax rates.

4 0

3 years ago