Answer:
Market
Explanation:
A market economy is a system where the laws of supply and those of demand direct the production of goods and services. 1 Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.
~Hope this helps
Let x = the price of the car that Olivia can afford.
Down payment = $2,500
Remaining amount to be financed is P = x - 2500.
Total payments should equal the monthly payments.
The total payment over 4 years (48 months) is
A = $185*48 = $8,880
The rate is r = 4.9% = 0.049.
The compounding interval is n = 12.
The time is t = 4 years.
The amount financed is P = $(x - 2500).
Therefore
(x - 2500)(1 + 0.049/12)⁴⁸ = 8880
1.216(x - 2500) = 8880
x - 2500 = 7302.63
x = 9802.63
Olivia can afford a car priced at $9,802.63.
Answer: $9,802.63
Answer:
c. Simplified Employee Pension (SEP)
Explanation:
A simplified employee pension (SEP) is known as a retirement package that a company establish for the employees in the company. Furthermore, the company allows a monthly contribution in form of a tax deduction from the employees' monthly salaries. Therefore, based on the description provided in the problem, the correct answer is a Simplified Employee Pension (SEP).
Answer:
a. "Not deductible"
b. "Not deductible"
c. "Not deductible"
d. "Deductible"
e. "Not deductible"
f. "Not deductible"
Explanation:
Expenses to be deductible ( especially for tax purposes) must pass the WREN test where;
W stands for wholly
R stands for reasonably
E stands for exclusively
N stands for necessarily
Looking at the expenses incurred and paid for by Doug during the year, the $50 ticket for running a red light is not a necessary expense as an adherence to traffic signs would have prevented such an expense. it can also be said that the expense was not reasonably incurred. This also applies to options b and c. Parking at the handicapped space is completely avoidable (necessity test) and as such the $100 would not have been incurred. While the $200 paid to the attorney for representation in court is an offshoot of options a and b. This would not have been incurred if the first two incidences were avoided.
Option c is deductible as the $500 paid is wholly for the business, reasonable, exclusive and necessary. As such, the expense is deductible or allowable. Options e and f are not related to business and are incurred on personal grounds which are avoidable hence, these expenses would not pass the WREN test.
Style:
Too many bullet points and text on one slide. Make the text bigger and consolidate points. The image is irrelevant and should be replaced with something relevant to the points or deleted all together
Content:
Many of the bullet points are on the same topic but separated for some reason. You could say "The project will start December 3rd and will run for 6 months" which combines 2 of the points. Also, don't say "this project is important!" <em>Show </em>how important the project is through objectives and goals.
