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solmaris [256]
3 years ago
8

Please write out, step-by-step, how you obtained the correct answer for this math problem.

Business
1 answer:
Neko [114]3 years ago
3 0

Answer:

The correct answer is "$7,630".

Explanation:

Assuming there are four weeks in a month, then

Joe's income will be:

= 23.50\times 40\times 4

= 3,760 ($)

Zola's income will be:

= 21.50\times (40+5)\times 4

= 21.50\times 45\times 4

= 3,870 ($)

hence,

The combined gross monthly income will be:

= Jose's \ income+Zola's \ income

= 3,760+3,870

= 7,630 ($)

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If assets equal $95,000 and liabilities equal $40,000, then owners’equity equals _____.
Fudgin [204]
45 000 долл, это равенство владельцев.
5 0
3 years ago
The balance sheet above shows the financial situation for the Jamestown National Bank. The central bank has set a required reser
dedylja [7]

Answer: $40,000

Explanation:

Hello. Your question was incomplete as it lacked the balance sheet in question. Luckily I found it and have now attached it.

The question states that the central bank has set a required reserve ratio of 10%. This means that 10% of the deposits at the bank are not to be touched so they cannot loan past 90% of the deposits.

The bank has only $60,000 remaining to loan out as they will not sell their securities.

So we will calculate how much they can loan out thus,

= 60,000 - (200,000 * 10%) to find out what amount cannot be touched

= 60,000 - 20,000

= $40,000

The maximum amount of additional loans the bank in Jamestown can undertake is $40,000.

5 0
3 years ago
In 2019, Joshua gave $13,400 worth of Microsoft stock to his son. In 2020, the Microsoft shares were worth $27,000. What was the
baherus [9]

Based on the information given the gift tax in 2019 is $0.

Gift tax are tax that is imposed by the federal government on taxpayer for giving out gift.

The gift tax for 2019 is $15,000 annually which means that any taxpayer that gift someone else gift either as cash or property that is not above $15,000 will not be taxed or will not incurred any gift tax.

On the other hand any taxpayer that give out gift that is above $15,000 will  be taxed which means that the giver will have to file a tax return reason being that the gift is above the recommend yearly gift tax exclusion amount of $15,000.

Based on the given scenario the amount Joshua gave his son which is $13,400 is not above the yearly gift tax of $15,000 which means that Joshua will not  file a gift tax return.

Inconclusion the gift tax in 2019 is $0.

Learn more about gift tax here:brainly.com/question/7215286

7 0
3 years ago
Block Island TV currently sells large televisions for $ 380. It has costs of $ 310. A competitor is bringing a new large televis
Fofino [41]

Answer:

$281.67

Explanation:

Data provided in the question:

Current selling price of large TV = $380

Cost of Large TV = $310

Selling price of new TV = $340

Increase in sales = 20% = 0.20

Current sales = $150,000

Now,

Expected sales after reducing the price = Current sales + Increase in sales

= 150,000 + ( 0.20 × 150,000 )

= 150,000 + 30,000

= 180,000

Target Operating income = ( $380 - $310 ) × current sales

= $70 × 150,000

= $10,500,000

New operating cost per unit

= Target Operating income ÷ Expected sales after reducing the price

= $10,500,000 ÷  180,000

or

New operating cost per unit = $58.33

Target Cost

= Price after reduction - New operating cost per unit

= $340 - $58.33

= $281.67

3 0
4 years ago
Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net reali
NeTakaya

Answer:Hi

Explanation:Hi

8 0
3 years ago
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