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2 years ago

True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement plan

Business

2 answers:

goldenfox [79]2 years ago

7 0

A.( true because of each year

jeka942 years ago

6 0

Answer:

Its false

Explanation:

because when I clicked true I got it wrong.

You might be interested in

What is the difference between federal purchases and federal expenditures?

Pani-rosa [81]

What is the difference between federal purchases and federal expenditures? Federal purchases require that the government receives a good or service in return, whereas federal expenditures exclude transfer payments. In this case, another way to remember the two are that federal purchase requires a purchase to be made for a good or service. A federal expenditure requires no purchase to be made but a transfer of payments to happen.

5 0

3 years ago

TB MC Qu. 3-209 Chavez Corporation reported the ... Chavez Corporation reported the following data for the month of July: Invent

ss7ja [257]

Answer:

The cost of goods manufactured for July is $ 232,000

Explanation:

Raw Materials Inventories Utilized In Production

Beginning Raw materials $ 41,000

Add Purchases $ 73,000

Less Ending Raw materials ($ 37,000)

Used in Production $ 77,000

Cost of goods manufactured

Raw Materials $ 77,000

Direct labor cost $ 98,000

Manufacturing overhead $ 65,000

Total Cost of Manufacturing $ 240,000

Add Opening Work in process $ 23,000

Less Ending Work in process ($ 31,000)

Cost of goods manufactured $ 232,000

Not that Manufacturing overhead are included to the amount Applied in the Manufacturing Cost

5 0

3 years ago

Old Quartz Gold Mining Company is expected to pay a dividend of $8 in the coming year. Dividends are expected to decline at the

LenKa [72]

Answer:

$133.33

Explanation:

Calculation for The intrinsic value of the stock

Intrinsic value of the stock = 6% + [−0.25(14% − 6%)] = .04

Intrinsic value of the stock = 8/[.04 − (−.02)]

Intrinsic value of the stock = 8/.06

Intrinsic value of the stock = $133.33

Therefore the intrinsic value of the stock is $133.33

8 0

2 years ago

The town of Draper, with a population of 20,000, sits adjacent to State University, which has an enrollment of 27,000 students.

madam [21]

Answer: See explanation

Explanation:

a. Let the break even sales be represented by x.

Firstly, we will calculate the total fixed cost which will be:

Investment = $4.5million/30 = $150,000

Add: Annual labor cost = $140,000

Add: Interest = 8% × $4.5million = $360,000

Total Fixed cost = $650000

The total variable cost will be: = 0.60 × x = 0.60x

Therefore, total cost:

= fixed cost + variable cost

= 650000 + 0.60x

Total revenue = Selling price × sales

= 3.20 × x = 3.20x

Break even point will now be:

Total revenue = Total cost

3.20x = 650000 + 0.60x

3.20x - 0.60x = 650000

2.60x = 650000

x = 650000/2.60

x = 250000

Therefore, number of cars that would have to park in the lot on an annual basis to pay off the project is 250000.

b. The approximate number of cars that would have to park in the lot on a daily basis will be:

= 250000/365 days

= 684.91

=685 cars

6 0

3 years ago

Campbell Co. has net sales revenue of $1,320,000, cost of goods sold of $760,700, and all other expenses of $297,000. The beginn

olasank [31]

Answer:

3.46

Explanation:

Calculation for Campbell Co. fixed asset turnover ratio

First step is to find the Average net fixed assets

Using this formula

Average Fixed assets= Fixed assets Beginning balance +Fixed assets ending balance /2

Let plug in the formula

Average Fixed assets= $368,000 + $396,000/ 2

Average Fixed assets=$764,000/2

Average Fixed assets=$382,000

Second step is to calculate for the Fixed asset turnover

Using this formula

Fixed asset turnover = Net revenue ÷ Average net fixed assets

Let plug in the formula

Fixed asset turnover= $1,320,000 ÷ $382,000

Fixed asset turnover= 3.46

Therefore Campbell Co. fixed asset turnover ratio will be 3.46

7 0

3 years ago