All categories

4 years ago

Transfer payments are payments that:

1 answer:

7 0

Transfer payments are payments that the government makes to a household even if the government did not receive a good or service from the household. Transfer payment examples are services like disability, social security, financial aid and other subsidies. Those on social security and benefits like this are not expected to give something to the government to earn these in their current state. Think of a transfer payment as a "gift" and do not need anything in return for use.

You might be interested in

Tower Corp. had the following stock outstanding and Retained Earnings at December 31, 2018: Common Stock (par $8; outstanding, 3

Illusion [34]

Answer:

common stock dividends 9,600 // 0.32 EPS

preferred stock dividends 4,800 //0.8 EPS

preferred stock dividends 14,400 // 2.4 EPS

common stock dividends 51,600 // 1.72 EPS

preferred stock dividends 14,400 // 2.4 EPS

Explanation:

preferred stock 6,000 shares x $10 each x 8% = 4,800

If noncumulative then:

14,400 - 4,800 = 9,600 for common stock

EPS:

4,800 / 6,000 = 0.8 PS

9,600 / 30,000 = 0.32 CS

if cumulative:

4,800 x 3 years (2016 // 2017 and the current year 2018) = 14,400

EPS

14,400 / 6,000 = 2.4 PS

if dividends are 66,000 rather than 14,400

66,000 - 14,400 = 51,600

EPs 51,600 / 30,000 = 1.72

4 0

3 years ago

When a company uses data from questionnaires and surveys to determine customer preferences, it is utilizing the _____ marketing

kondaur [170]

Marketing information management

5 0

3 years ago

Read 2 more answers

Has someone ever repeatedly asked for your phone number and refused to take "no" for an answer? Now when that individual asks fo

il63 [147K]

Answer:

its intangible product.

Explanation:

Analyzing the context of the above question, it can be said that in terms of product strategy, the telephone message from the Reject Hotline is classified as its intangible product, as this resource is configured as a service, which is something that is not it can touch, see or feel, that is, it is intangible, but it is the performance of an activity that satisfies a need.

8 0

3 years ago

Journalize the following transactions for Lucite Company. Assume 360 days per year.

yawa3891 [41]

Answer:

Date Account Title Debit Credit

Nov. 14 Note Receivable $4,800

Accounts Receivable $4,800

Date Account Title Debit Credit

Dec, 14 Interest Receivable $56.40

Interest revenue $56.40

Working

= 4,800 * 9% * 47 days / 360

= $56.40

47 days is number of days from Nov. 14 to December 31.

Date Account Title Debit Credit

Feb. 12 Cash $4,908

Interest receivable $56.40

Interest revenue $51.60

Notes Receivable $4,800

Working:

Cash = 4,800 + (4,800 * 90/360 * 9%)

= $4,908

Interest revenue = Cash - Interest receivable - Notes receivable

= 4,908 - 56.40 - 4,800

= $51.60

4 0

3 years ago

Inflation is running at 1.2% per year when you deposit $11,000 in an account earning 6% compounded monthly. In constant dollars,

nordsb [41]

Answer:

$13,316.54

Explanation:

Data provided in the question:

Inflation rate, i = 1.2% = 0.012

Deposits = $11,000

Interest rate, r = 6% = 0.06

Time, t = 4 years

since compounded monthly, number of periods n = 12

Now,

Future value of money with the interest

= Deposits × $[1+ \frac{r}{n}]^{n.t}$

= $11,000 × $[1+ \frac{0.06}{12}]^{12\times4}$

= $13,975.38

Considering the inflation,

Amount after 4 years = Future value × [1 - i ]ⁿ

= $13,975.38 × [1 - 0.012]⁴

= $13,316.54

5 0

3 years ago