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3 years ago

1. Seven out of every ten families in America live

Business

1 answer:

vlabodo [156]3 years ago

3 0

Answer:

paycheck to paycheck

Explanation:

Living from paycheck to paycheck means that a big proportion of an individual or household income is spent on expenses. It is a situation where individuals do not save for emergencies and have no tangible investments. Almost all their incomes are spent on consumables.

In the US, over 70 % of households have not saved for rainy days. Should these families lose their source of income, they will have challenges in meeting their financial obligations almost immediately.

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These expenditures were incurred by Carla Vista Co. in purchasing land: cash price $61,440, accrued taxes $4,720, attorney’s fee

ludmilkaskok [199]

Answer:

Cost of land = $76,240

Explanation:

Cost of land = cash price + accrued taxes + attorney's fees + broker's commission + clearing and grading

Cost of land = $61,440 + $4,720 + $2,660 + $3,360 + $4,060

Cost of land = $76,240

Original cost is the total price associated with the purchase of an asset.
The original cost of an asset takes into consideration all of the items that can be attributed to its purchase and to putting the asset to use.
These costs include the purchase price and such factors as commissions, transportation, appraisals, warranties and installation and testing.
Original cost can be used to value an asset type, including equipment, real estate and security instruments.

3 0

4 years ago

Billy Bob's Barber Shop knows that a 5 percent increase in the price of their haircuts results in a 15 percent decrease in the n

Gala2k [10]

Answer:

Option (B) is correct.

Explanation:

Given that,

Percentage increase in price = 5%

Percentage decrease in quantity demanded = 15%

Therefore,

$Elasticity\ of\ demand=\frac{percentage\ change\ in\ quantity\ demanded}{percentage\ change\ in\ price}$

$Elasticity\ of\ demand=\frac{15}{5}$

= 3.0

Hence, elasticity of demand facing Billy Bob's Barber Shop is 3.0

6 0

3 years ago

What is the future value of this investment at the end of year five if 5.34 percent per year is the appropriate interest (discou

leva [86]

According to Formula:- AFV=PV(1+i)

<h3>How do you calculate the future value of an investment?</h3><h3>The future value formula</h3>

future value = present value x (1+ interest rate)n Condensed into math lingo, the formula looks like this:

FV=PV(1+i)n In this formula, the superscript n refers to the number of interest-compounding periods that will occur during the time period you're calculating for.

FV = $1,000 x (1 + 0.1)5

<h3>What will the future value be at the year's end?</h3>

If the proper interest (discount) rate is 5.34 percent annually, what will the investment be worth at the end of year five?

The present value ($100) plus the value of the interest at the set interest rate (5% of $100, or $5) equal the future value (FV) at the end of a year.

<h3>How is future value compounded annually determined?</h3>

The number of compound periods is exponentiated in formula 9.3, FV=PV(1+i)N. Over the course of five years, the 8% compounded monthly investment generates 60 periods of compound interest, whereas the 8% compounded annual investment generates only five periods.

<h3>How are present and future values determined?</h3>

Main Points

PV = FV/(1 + I n, where PV = present value, FV = future value, I = decimalized interest rate, and n = number of periods, is the formula for calculating present value.

The formula for future value is FV = PV (1 + i)n.

To Know more about future value (FV)

brainly.com/question/15071193

#SPJ4

7 0

2 years ago

Determine the missing amounts.Unit SellingPriceUnit VariableCostsUnit ContributionMarginContribution MarginRatio1. $650 $390 $en

tatiyna

Answer:

I tried to order the information and prepared the following table:

Product A Product B Product C

Unit Selling Price = $650 $200 <u>e)$2,300</u>

Unit Variable Costs = $390 <u>c)$108</u> <u>f)$1,495</u>

Unit Contribution Margin = <u>a)$260</u> $92 $805

Contribution Margin Ratio = <u>b)40%</u> d)<u>46%</u> 35%

contribution margin ratio = (revenue - cogs) / revenue or

contribution margin ratio = contribution margin / revenue

8 0

3 years ago

Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in it

Marina86 [1]

Answer:

The cost of units transferred out during the month was:$ 99980

Explanation:

Mundes Corporation

Current Costs Added

Units Transferred Costs $ 90480

Materials =8700 * $ 4.7= $ 40890

Conversion= 8700* $5.70= $ 49590

Costs from Preceding Department (WIP beginning Inventory)= $ 9500

Total Costs= Costs Added + Costs from Preceding Department

= $ 90480+ $ 9500= $ 99980

The Costs of units transferred out is $ 99980

The current costs are added to the preceding costs to get the total costs of the units transferred out.

7 0

3 years ago