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jok3333 [9.3K]
3 years ago
11

Julie evaluated her spending and found that she was spending about $75 more per month on transportation than she has bodgeted Sh

e can transfer money from other categories to increase transportation budget to $250 per month If her total monthly income S1,900 , to the nearest percent, what percent of her monthly income will be budgeted for transportation
Business
1 answer:
o-na [289]3 years ago
6 0

Answer:

Julie

The percent of her monthly income that will be budgeted for transportation is:

= 13%.

Explanation:

a) Data and Calculations:

Amount budgeted for transportation = $175

Amount being spent on transportation = $250

Total monthly income = $1,900

Percentage of monthly income that will be budgeted for transportation = $250/$1,900 * 100

= 13.16%

= 13.2%

= 13%

Percentage of monthly income earlier budgeted for transportation = 9% ($175/$1,900 * 100)

The additional spending on transportation represents 4% ($75/$1,900 * 100)

New percentage spending on transportation = 13% (9% + 4%)

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Materials and Processes in Manufacturing E. Paul DeGarmo, Ernest Paul DeGarmo, J. T. Black, Ronald A. Kohser
weqwewe [10]

DeGarmo's Materials and Processes in Manufacturing, which has been guiding engineering and technology students for more than 50 years, offers a thorough introduction to manufacturing materials, systems, and processes.

  • A practical approach is preferred above sophisticated mathematics in the coverage of the content, with a focus on qualities and behavior.
  • Analytical equations and mathematical models are only offered when they help to clarify and deepen understanding.
  • To facilitate a thorough knowledge of fundamental concepts, material production processes are explored in the context of practical application.
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3 0
2 years ago
The federal accounting standards advisory board's mission is to serve the __________ interest by improving federal financial rep
rosijanka [135]

Hey there

the answer is

to serve the publics interest

thank you

OFFICIALLYSAVAGE2003

4 0
3 years ago
Hi-Tek is a young start-up company that is currently retaining all of its earnings. The company plans to pay a $2 per share divi
ziro4ka [17]

Answer:

Option (a) is correct.

Explanation:

Given that,

Dividend pay in year 7, D7 = $2 per share

Growth rate of dividend, g = 2.2 percent per year

Required return, ke = 16 percent

Present value of the future dividend at year 6:

= D7 ÷ (ke - g)

= $2 ÷ (0.16 - 0.022)

= $14.49

Therefore, the present value of dividend now is as follows;

= Present value of the future dividend at year 6 × (1 + ke)^{-6}

= $14.49 × (1 + 0.16)^{-6}

= $5.95

5 0
3 years ago
You are reviewing your checking account balance of $800 after you've just sent in your rent check of $500. How much money is ava
inessss [21]

You are reviewing your checking account balance of $800 after you've just sent in your rent check of $500. The money that is available for you is $1300.

<h3>What we can do if we don't have sufficent balance?</h3>

If you had a check that you don't have sufficient funds for that has been run through the bank the bank will usually charge you an overdraft fee.

This means that you have arranged an overdraft loan/agreement with the bank. The bank will go ahead and pay the fund to the person or company you wrote the check to.

You will have a certain amount of time to put the money back into your account and pay the overdraft fee.

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8 0
2 years ago
Vests, Inc. has 1,000 shares of 5%, par $100, non-cumulative preferred stock and 10,000 shares of $1 par value common stock outs
aleksklad [387]

Answer:

$5,000 and $7,500

Explanation:

For computing the preferred dividend and common shares dividend, first, we have to find out the yearly dividend which is shown below:

= Number of shares × par value per share × dividend rate

= 1,000 shares × $100 × 5%

= $5,000

The total dividend declared is $12,500

Out of $12,500, the $5,000 will be paid to preferred stockholders and the remaining $7,500 will be paid to common shares

4 0
4 years ago
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