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3 years ago

14

Haley just graduated from college. She accepted a position with a firm at an annual salary of $38400. Using HUD guidelines, what

is the maximum Haley should pay for rent on a monthly basis?

1 answer:

s2008m [1.1K]3 years ago

8 0

Answer:

$960,000

Explanation:

$1,000 (Monthly income x 30%)

$1,000 (3200 x 30%)

= $960,000

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You have just deposited $8,500 into an account that promises to pay you an annual interest rate of 6 percent each year for the n

Pachacha [2.7K]

Answer:

12.51%

Explanation:

after the first 6 years, you will have:

FV = PV (1 + r)ⁿ

PV = $8,500
r = 6%
n = 6

FV = $8,500 (1 + 6%)⁶ = $12,057.41

If you need to have $19,320 in 4 years, then you must determine r:

$19,320 = $12,057.41 (1 + r)⁴

$19,320 / $12,057.41 = (1 + r)⁴

1.6023 = (1 + r)⁴

⁴√1.6023 = 1 + r

1.1251 = 1 + r

1.1251 - 1 = r

0.1251 = r

r = 12.51%

8 0

3 years ago

Warren Company has taken a position in its tax return to claim a tax credit of $30 million (direct reduction in taxes payable) a

shutvik [7]

Answer:

The correct answer is $84 million.

Explanation:

According to the scenario, the computation of the given data are as follows:

Taxable income = $255 million

Tax rate = 40%

Tax credit = $30 million

So, Current tax payable = $255 million × 40% = $102 million

So, Net current tax payable = Current tax payable - Tax credit

= $102 million - $30 million

= $72 million

So, we can calculate the total income tax expense by using following formula:

Total income tax expense = net current tax payable + Additional projected liability

= $72 million + ( $30 million - $18 million)

= $72 million + $12 million

= $84 million

5 0

3 years ago

The environmental protection agency of a county would like to preserve a piece of land as a wilderness area. The current owner h

charle [14.2K]

Answer: The answer is given below

Explanation:

Here , we are going to apply the present value of annuty formula.

a. Social Opportunity cost = $1.1 Million

The Yearly cash flows = $110,000

Time (n) = 20 years

The Discount rate (R) = 4%

Net benefits= Present value of cash inflows - the intial socail opportnity cost

Net benefits= Yearly cash flow × (1 - 1/(1+R)^n) / R - 1100000

Net benefits = 110000 × (1 - 1/1.04^20)/0.04 - (1100000)

= $394936

b. We will use the formula for present value of an annuity with the growth rate in benefits as 2 percent.

Firstly, dg= (0.04 - 0.02)/ (1+0.02)

= 0.01961

PV(benefits) = [($110,000)÷ (1+0.02)][1-(1+dg)-20]/dg]

= $1,770,045

NPV = $1,770,045 - $1,100,000= $670,045

7 0

3 years ago

This is a growth strategy with a goal to take customers away from competitors.

vitfil [10]

Answer:

market penetration

Explanation:

As market is already created but the share of the company needs to be higher.

8 0

3 years ago

What will happen to the trade balance and the real exchange rate of a small open economy when government purchases increase, as

kkurt [141]

Answer: When a government purchase increases during a war, be it a local war or a world war. it means that it's savings has reduced, therefore the trade balance will fall. And if the purchase is done to import more goods into the country, the trade balance becomes negative, leading to a deficit.

The exchange rate of the currency will reduce because the country the government is making more currency to be available and surplus, by increasing it's purchase. When they is excess currency in the world market, the currency reduces it value. In a world war, or local war, the exchange rate may not actually reduce because, it will be difficult for the country to have enough money to make its currency to be available in the world market.

7 0

3 years ago