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2 years ago

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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Connolly Company produces two types of lamps, classic and fancy, with unit contribution margins of $13 and $21, respectively. Ea

Eva8 [605]

Answer:

a. 90,000 classic lamps; 0 fancy lamps

Explanation:

To determine the optimise total contribution, we need to calculate the contribution margin per hour of machine time for both the lamps. Then the result of whichever is higher would be produced.

Moreover, as there is no limitation on how many lamps can be produced, therefore, we would assume that we can make as many as we want up to the limit of machine-hours available. The calculation is done as follows:

Contribution margin per hour of machine time for classic lamp = Contribution/machine hours to build one classic lamp

Contribution margin per hour of machine time for classic lamp = 13 / 0.2

Contribution margin per hour of machine time for classic lamp = 65

Contribution margin per hour of machine time for fancy lamp = Contribution/machine hours to build one fancy lamp

Contribution margin per hour of machine time for fancy lamp = 21 / 0.5

Contribution margin per hour of machine time for fancy lamp = 42

Since classic lamp has the higher contribution margin per hour. Therefore, all the machine hours would be used to make classic lamps.

= 18,000 / 0.2

= 90,000

Hence, 90,000 classic lamps would be sold while no fancy lamps will be sold to optimise total contribution (which would be 65 x 18,000 = $1,170,000).

7 0

2 years ago

Larry Simmons has split-limit 150/225/110 automobile liability insurance. Several months ago Larry was in an accident in whic

goblinko [34]

Answer:

Larry's insurance policy cover = $729,000

Amount pay by Larry = $243,000

Explanation:

Given:

Number of insurance = 3

Each injured person awarded = $243,000

Find:

Larry's insurance policy cover

Amount pay by Larry

Computation:

Larry's insurance policy cover = Number of insurance × Each injured person awarded

Larry's insurance policy cover = $243,000 × 3

Larry's insurance policy cover = $729,000

Amount pay by Larry = $243,000 (For fourth person)

3 0

3 years ago

Logistics is the process of coordinating the flow of goods, services, and information among all members of the supply chain. Gro

Molodets [167]

This is true about about logistics. It is the process of coordinating the flow of goods, services, and information among all members of the supply chain.

<h3>What is the importance of logistics?</h3>

In the business and the supply world, logistics is very important for the reasons that have been listed below:

It helps to increase customer satisfaction.
It helps in the control of a businesses inventory.
It increases efficiency in the business place.
It helps to lower rates.

Read more on logistics here: brainly.com/question/23177203

8 0

2 years ago

Describe Reid Hoffman the founder and creator Linkedln?

CaHeK987 [17]

Answer:

Reid Garrett Hoffman is an American internet businessman, tech entrepreneur, writer. Hoffman became co-founder and president of LinkedIn, an enterprise-oriented social media network mainly utilized for business networking. In 2016, Hoffman transferred LinkedIn for $26.2 billion in cash to Microsoft, then entered the board for Microsoft.

5 0

2 years ago

During June, Buttrey Corporation incurred $73,000 of direct labor costs and $13,000 of indirect labor costs. The journal entry t

QveST [7]

Answer:

Dr. Cr.

Work in process $73,000

Manufacturing overhead $13,000

Account Payable $86,000

Explanation:

The Direct cost are those which are directly attributable to the product or service under consideration. Indirect cost are those which cannot be directly assigned to product or service cost. All the direct cost is added to the work in process account and indirect cost are included in the manufacturing overhead account.

4 0

2 years ago