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dimulka [17.4K]
2 years ago
8

Bruce is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour up to 1,200 hours per

year. He is eligible for welfare, and if he does not earn any income, he will receive $15,000 a year. If Bruce works, the government policy is to deduct 60 cents from his welfare stipend for every $1 that he earns in income. With this policy in place, if Bruce works 600 hours, his income will be_________.
Business
1 answer:
serg [7]2 years ago
4 0

Answer:

$16,440

Explanation:

If Bruce is able to work 600 hours per year, his salary will be $3,600 (= $6 x 600), but he will lose $2,160 (= $3,600 x 60%) of welfare stipend.

His total welfare stipend is $15,000 if he is not able to work during the year.

Bruce's total income = $15,000 + $3,600 - $2,160 = $16,440

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In the circular flow of income A. households buy goods and services and firms supply goods. Resources are supplied by other firm
Alla [95]

Answer:

D. households demand goods and services that are supplied by​ firms, while supplying resources that are demanded by firms.

Explanation:

The circular flow of income shows how money moves in an economy. Firms pay households for resources needed in production. The money flows back to firms when households demands goods and services from firms.

I hope my answer helps you

8 0
3 years ago
Which section of a proposal identifies the problem and discusses the goals of the project?
gladu [14]

Answer:

Background, problem, and purpose

Explanation:

A project proposal consists of multiple segments. The section titled Background, problem and purpose outlines the context of the project and the problem that it seeks to address. In essence, this section provides a brief overview of the project purpose and the subsequent sections of the proposal add additional details which are relevant to the execution of the project.

6 0
2 years ago
A flower delivery business wants to raise their overall sales volume to increase profit. After analyzing their costs, they choos
Mrac [35]

Answer:

C) By lowering the price of the flower arrangements to increase demand.

Explanation:

According to the law of demand, the lower the prices, the higher the quantity demanded and the higher the price ,the lower the quantity demanded.

When prices are reduced, demand increases, revenue increases and net profit increases.

I hope my answer helps you.

7 0
3 years ago
Gentle Ben's Bar and Restaurant uses 7,400 quart bottles of an imported wine each year. The effervescent wine costs $5 per bottl
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7 0
3 years ago
A company's current assets are $30000 and current liabilities are $19000. Calculate the company's current ratio as a percentage.
drek231 [11]

Answer:

Current Ratio (in %) = 157.89473684211%  rounded off to 157.89%

The current ratio of 157.89% means that the company has 157.89% of current assets to pay off 100% or all of its current liabilities. To understand it better, we can say that to pay off every $1 of current liability, the company has $1.5789 of current assets. Thus, the company has enough current assets to pay off its current liabilities.

Explanation:

The current ratio is a measure of liquidity of a business. It is calculated by dividing the current assets by the current liabilities of the company. To express current ratio in a percentage form, we use the following formula,

Current Ratio (in %) =  [Current Assets / Current Liabilities] * 100

Current Ratio (in %) = [30000 / 19000] * 100

Current Ratio (in %) = 157.89473684211%  rounded off to 157.89%

5 0
3 years ago
Read 2 more answers
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