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Vsevolod [243]
2 years ago
15

TRUE OR FALSE: Take-home pay minus total living expenses equals money available for savings and investment

Business
1 answer:
Alik [6]2 years ago
7 0

Answer:

TRUE

Explanation:

Take-home pay is the gross pay minus all deductions. Deductions include statutory and voluntary deductions. Take home is the money that gets to the employee's bank account.

In most households saving and investment are done after meeting the basic expenses. In other words, people will save or invest after meeting their basic needs. Therefore, take home minus total expenses necessary for life is saving and investment

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If for a given individual, between a wage rate of $20 and $25 the ____________________ effect outweighs the ________________ eff
lakkis [162]

Answer:

Substitution Effect outweighs Income Effect ; Labour Supply Curve between wages will be upward sloping. OR :-

Income Effect outweighs Substitution Effect ; Labour Supply Curve between wages will be backward bending

Explanation:

Relationship between wage rate & labour supply can be explained by two effects :

  • Substitution Effect : Higher wage means more opportunity cost of leisure, so labourer would substitute leisure by working hours. This would imply increased labour supply.
  • Income Effect : Higher wage means more income. At higher income, consumer demands more of all goods, including leisure. So that would imply labourer preferring more leisure, decreased labour supply.

Wage rate change from $20 to $25 is a case of wage rate increase

If substitution effect > income effect, labour supply would increase as a result of wage rise ( from $20 to $25). So, the labour supply curve would be upward sloping

If income effect > substitution effect, labour supply would decrease as a result of wage rise ( from $20 to $25). So, the labour supply curve would be backward bending

5 0
3 years ago
Compute the present value of an $1,350 payment made in nine years when the discount rate is 11 percent. (Do not round intermedia
xeze [42]

Answer:

<h2>The present value of PV in this case is $527.76 approximately.</h2>

Explanation:

The mathematical or accounting formula of Present Value(PV)=\frac{FV}{(i+r)^{n} } where FV denotes the future cash payment to be made,r represents the discount rate and n is the number of years in which the future payment has to made.Here,the future cash payment of FV is given as $1350,the discount rate is 11% or 0.11 and the number of years in which the FV has to be paid is 9 years.

Hence,PV in this case=\frac{1350}{(1+0.11)^{9} }=\frac{1350}{(1.11)^{9} }=\frac{1350}{2.5580 }=527.76 dollars approximately

Therefore,based on the information given the PV in this case is $527.76 approximately.

3 0
3 years ago
A realtor is trying to predict the value of a home. He has quantitative data available and has evidence that the home price has
nadya68 [22]

Answer:

a. linear regression.

Explanation:

Based on the information provided within the question it can be said that in this scenario the best choice would be a linear regression model. That is because this type of approach deals with seeing to what extent there exists a relationship between two variables. Which in this case would be the quantitative data/prices and the square footage of the home.

6 0
3 years ago
A value chain is a set of: a) similarly profitable firms competing against each other in any given industry. b) large firms that
OLEGan [10]

Answer:

c) activities through which a product or service is created and delivered to customers.

Explanation:

A value chain is the entire range of activities that a company undertakes to create a product or a service. These activities include design,  production, marketing and distribution.  A manufacturing company will have its value chain processes start with the procurement of raw materials and end when the product is sold.

Companies will, from time to time, perform value chain analysis.  Value chain analysis involves a detailed examination of all the business processes and procedures. The purpose of the analysis is to improve the efficiency of the value chain. An efficient system of production has cost-saving benefits to the organization.

5 0
3 years ago
Molave Furniture Company plans to launch a new website. Lila, the company's CIO, thinks that the company can better reach its cu
Kisachek [45]

Answer:

<u>e-commerce</u>.

Explanation:

When Molave ​​Furniture Company wants to launch a new website to customize the ability for customers to shop online and thereby increase sales, it is an e-commerce promotion strategy.

In order for Lila to be able to effectively promote e-commerce, it is essential that the focus is on optimizing the customer experience, the site must be easily accessible, as well as a logistics service that ensures agility in receiving goods, as well as a efficient after sales service to answer questions and resolve purchase related issues.

4 0
3 years ago
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