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2 years ago

Creating a Budget

Business

1 answer:

nikklg [1K]2 years ago

8 0

Answer:

a. Auto insurance - Expenditure

b. Clothing for school - necessity

c. concert tickets - luxury

d. Dinner for two at the newest - luxury

e. Restaurant in town groceries - expenditure

f. music downloads - luxury

g. medical treatment for strep throat - necessity

h. Theme park tickets - luxury

i. New car - luxury

j. Rent - expenditure

K. school lunches - necessity

l. school ski trip - expenditure

m. Cell phone service - necessity

Explanation:

2. Necessity is anything without which survival of a person is not possible. Luxury is anything which adds value to the living standard of a person but survival without such thing is possible.

3. My weekly income is $200

4. Clothing $20

Debt repayment $50

entertainment $30

Food $45

Rent and utilites $25

transportation $10

Personal care items $5

Others $3

total weekly expenditure $188

5. $200 - $188 = $12

6. Yes i have $12 as saving at the end of the week.

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g Jana just found out that she is going to receive an end-of-year bonus of $32,200. She is in the 35 percent marginal tax brac

maria [59]

Answer:

Jana just found out that she is going to receive an end-of-year bonus of $32,200. She is in the 35 percent marginal tax bracket. Calculate her income tax on this bonus.

tax liability = $32,200 x 35% = $11,270

Now assume that instead of receiving a bonus, Jana receives the $32,200 as a long-term capital gain. What will be her tax?

tax liability = $32,200 x 15% = $4,830

Which form of compensation offers Jana the best after-tax return?

if the bonus is taxed as a long term capital gain, she will páy less than half the taxes, so it is the best option for her

Would your calculation be different if the gain was short-term rather than long-term?

Short term capital gains are taxed at the same rate as ordinary income, so the difference between the bonus being a long vs short term capital gain is very significant to Jana.

8 0

3 years ago

Ari is a generous employer who truly values his workers. He is constantly praising the work his employees do and finds many ways

inn [45]

Ari does not like conflict and will often let his employees get away with inappropriate behavior on the job. Ari would most likely be considered a <u>country club manager.</u>

<h3>What is a country club manager's style?</h3>

A country club manager's leadership depicts a manager who scores low on productivity but high on concern for people.

Country club managers are attentive to the:

Security
Well-being
Harmony of subordinates.

Thus, Ari does not like conflict and will often let his employees get away with inappropriate behavior on the job. Ari would most likely be considered a <u>country club manager.</u>

Learn more about Country Club Managers at brainly.com/question/15877035

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2 years ago

You are asked to recommend whether a firm should make or purchase product A. The following are data concerning the two options.

Alexxandr [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

For the purchase option:

Buying price= $22 per unit.

For the make option:

Weekly rental payment of $30,800

The firm also has to hire five operators to help make product A. Each operator works eight hours per day, five days per week at the rate of $14 per hour.

The material cost for the make option is $15 per unit of product A.

A) We need to find the number of units that makes the unitary fixed costs= $7

Weekly rental= 30800

Direct labor= ($14*8 hours*5workes)*5 days= 2800

Total fixed costs= $33,600

Unitary fixed costs= total fixed costs/ Q

7=33600/Q

Q= 4800 units

B) Now Q= 6600

Buy= 6600*22= $145,200

Make= 6600*15 + 33600= $132,600

3 0

2 years ago

APR on a loan may be adjusted based on a borrower’s

horsena [70]

APR on a loan may be adjusted based on a borrower’s

credit history

8 0

3 years ago

Read 2 more answers

Manziel Corporation constructed a building at a cost of $10,000,000. Average accumulated expenditures were $4,000,000, actual in

stira [4]

Answer:

$237,500

Explanation:

Cost of building $10,000,000

Avoidable Interest $300,000

Less;Salvage value ($800,000)

Depreciation Cost $9,500,000

Depreciation per year $9,500,000/40=$237,500

7 0

3 years ago