Answer:
Carol should save $672 per month.
Explanation:
Savings is the process of setting aside some part of one's income for the sake of an emergency or for retirement purposes. The best way to budget one's income by economists is: to save at least 20 %, a maximum of 50% should be spent on necessities and the remaining 30% should go towards discretionary items. In our case Carol can budget her income as follows;
<em>Step 1: Determine annual savings</em>
S=20%×N.I
where;
where;
S=savings
N.I=net income
In our case;
S=unknown
N.I=$40300 a year
replacing;
S=(20/100)×40,300
S=(0.2×40,300)=$8,060
<em>Step 2: Determine monthly savings</em>
Monthly savings=annual savings/number of months in a year
where;
Monthly savings=unknown, to be determined
annual savings=$8,060
number of months in a year=12
replacing;
Monthly savings=(8,060/12)=$672 per month
Carol should save $672 per month.
Answer:
The $125 income from the new job - relevant (A)
The $40 income from the library - irrelevant (B)
The $50 nonrefundable registration fee Isabella paid for the basket-weaving class - irrelevant (C)
The $15 cost for gas - relevant (D)
The $75 per month that Isabella spends for clothing and The time Isabella spends volunteering at the animal sanctuary. - Irrelevant (E)
Explanation:
(A) the income from the new job is relevant. It is the wages she will receive per week
(B) the library is irrelevant as it would not have to leave this job
(C) that is a sunk cost. Is irrelevant for the decision making
(D) the gas is a variable cost related to the job offer. It is relevant
(E) the consumer preferences are not relevant for their decision on the job offer. Also their volunteering is irrelevant. Is not related to the job
Answer:
$124,000 is the correct answer if we use 6% which is the correct question scenario. If we take 7% then its
Explanation:
The cash dividend announced is $160,000. Remember the first payment goes to preferred shareholders and then the amount left would be distributed among the ordinary shareholders.
The dividend share of Preferred shareholders = 6000 shares * $100 par value * 6% fixed rate = $36,000
After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:
Share of Dividend of ordinary shareholders = $160,000 - $36,000
= $124,000
Similarly if we use 7% fixed rate, then
The dividend share of Preferred shareholders = 6000 shares * $100 par value * 7% fixed rate = $42,000
After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:
Share of Dividend of ordinary shareholders = $160,000 - $42,000
= $124,000
Answer:
martphones are a type of handheld computer that do not need input, output, processing, or storage.
Explanation: sasas
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Answer:
The income elasticity of demand for Good G is 1.17
Explanation:
Income elasticity of demand = % change in quantity demanded ÷ % change in income
% change in quantity demanded = (1200-800)/1200 × 100 = 400/1200 × 100 = 33.33%
% change in income = (3600-2800)/2800 × 100 = 800/2800 × 100 = 28.57%
Income elasticity of demand for Good G = 33.33% ÷ 28.57% = 1.17
