Answer:
$44,994.56
Explanation:
Provided that
Spending amount for living expenses by a family = $40,000
Percentage increase is 4%
Number of years = 3
So, the family living expenses after three years equal to
= Spending amount for living expenses by a family × (1 + rate)^number of years
= $40,000 × (1 + 0.04)^3
= $40,000 × 1.124864
= $44,994.56
Answer:
The correct answer is letter "D": deducted to arrive at an employee's net pay.
Explanation:
Federal income taxes represent the main monetary resource from where the government can fund its diverse projects. These sources are also allocated to deal with common social issues such as building highways, improving education or funding social programs such as Medicare.
When it comes to wages,<em> the federal income taxes are deducted from the gross income of workers resulting in their net payment which is the actual amount of money employees see in their checks</em>.
Answer:
The product is composed of mass produced homogenous units.
Explanation:
Process costing is utilized when there is a large production of products that have similar features. In process costing the cost of each product produces is equivalent to the cost of other products. Example of products that undergo process costing include:chemicals, processed foods, textiles, paper, oil refinery, soap.
In process costing, the finished product gotten from each stage becomes the raw material of the next stage till the last stage of completion.
The production of product in process costing is continuous and the final product derived from the production process is as a result of a sequence of processes.
Answer:
4.93%
Explanation:
For computing the yield to maturity we need to apply the RATE formula i.e to be shown in the attachment below:
Provided that,
Present value = $1,046.487
Future value or Face value = $1,000
PMT = 1,000 × 5.524% ÷ 2 = $27.62
NPER = 10 years × 2 = 20 years
The 10 years is come from
= May 2029 - May 2019
= 10 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula,
The yield to maturity is
= 2.46% × 2
= 4.93%
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