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BlackZzzverrR [31]
2 years ago
12

Connor heard that as a general rule, he should spend no more than one week's pay on rent. If Connor's salary is $29,000 per year

, what is the maximum amount per month that he should spend on rent?
A. $475
B. $523
C. $845
D. $558
Business
2 answers:
tatiyna2 years ago
7 0

Answer:

D is correct

Explanation:

Alja [10]2 years ago
3 0
The answer is D:$558.
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Structuring a Keep-or-Drop Product Line Problem with Complementary Effects Shown below is a segmented income statement for Hicko
MAVERICK [17]

Answer:

Contribution margin for :

    STRIP PLANK     Income Statement

$ 360,000  $ 190,000 Total Net Sales

-$ 225,000 -$ 120,000 Variable Cost

$ 135,000    $ 70,000 Contributing Margin

It's more effective to keep the parquet product line, the company get

an extra return of $5,000.

Explanation:

With all the product line operating these are the results:

STRIP PLANK PARQUET Total Income Statement

$ 400,000 $ 200,000 $ 300,000 $ 900,000 Total Net Sales

-$ 225,000 -$ 120,000 -$ 250,000 -$ 595,000 Variable Cost

$ 175,000 $ 80,000 $ 50,000 $ 305,000    Contributing Margin

-$ 5,000  -$ 20,000 -$ 50,000 -$ 75,000 Machine Rent

-$ 15,000 -$ 10,000 -$ 20,000 -$ 45,000 Supervision

-$ 35,000 -$ 10,000 -$ 25,000 -$ 70,000 Depreciation

$ 120,000 $ 40,000 -$ 45,000 $ 115,000 Segment Margin

If the company keeps the parquet line will get worst result during the year.

STRIP PLANK PARQUET Total Income Statement

$ 360,000 $ 190,000 $ 0,000 $ 550,000 Total Net Sales

-$ 225,000 -$ 120,000 $ 0,000 -$ 345,000 Variable Cost

$ 135,000 $ 70,000 $ 0,000 $ 205,000 Contributing Margin

-$ 5,000 -$ 20,000 -$ 10,000 -$ 35,000 Machine Rent

-$ 15,000 -$ 10,000 $ 0,000 -$ 25,000 Supervision

-$ 35,000 -$ 10,000 $ 0,000 -$ 45,000 Depreciation

$ 80,000 $ 30,000 -$ 10,000 $ 100,000 Segment Margin

6 0
3 years ago
Enviro Company issues 8%, 10-year bonds with a par value of $230,000 and semiannual interest payments. On the issue date, the an
andrew-mc [135]

Answer:

Cash proceeds is  $201,250.00  

Explanation:

The cash proceeds derived from issuing the bonds can be computed as follows:

cash proceeds=87.5%*$230,000=$201,250.00  

Total interest expense on the bond is $212,519   as contained in the attached bond amortization schedule

The first payment=$201,250*10%*6/12=$10,063 as it also found in the attached

Download xlsx
7 0
3 years ago
Is the presentation of raw numerical or verbal descriptions in a form that is useful for a specific purpose.
grin007 [14]

Information is the presentation of raw numerical or verbal descriptions in a form that is useful for a specific purpose.

<h3>What is the importance of information?</h3>

It should be noted that information simply means the data that has been processed.

In this case, inormation is the presentation of raw numerical or verbal descriptions in a form that is useful for a specific purpose.

Learn more about information on:

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3 0
1 year ago
The government's too-big-to-fail policy applies to: Group of answer choices large corporate payroll accounts held by some banks
gtnhenbr [62]

Answer:

large banks whose failure would start a widespread panic in the financial system.

Explanation:

A bank run can be defined as a situation where bank clients or depositors make withdrawals of their money simultaneously from banks as a result of being scared or afraid the depository institution will run out of cash (bankruptcy) and become insolvent.

In order to counter the problem with bank runs, the Federal Deposit Insurance Corporation (FDIC) was established on the 16th of June, 1933.

Furthermore, to avoid bank runs or other financial institutions from being insolvent, the Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to these institutions when they're running out of money and as well as regulate their activities.

Hence, the government's too-big-to-fail policy applies to large banks whose failure would start a widespread panic in the financial system.

3 0
3 years ago
Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $15,000 cash and inventory with a fair valu
Naya [18.7K]

Answer:

$2,000 capital loss

Explanation:

Randolph recognizes a $2,000 capital loss because RD distributes only cash and inventory and the adjusted bases of the property distributed is less than his basis in RD.

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3 years ago
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