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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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Jack and Jill have a tenancy in common in an apartment building. After ten years of ownership, Jill dies unexpectedly. On Jill's
Basile [38]
<h2>Jill's interest in the property will: <u>Pass to Jill's heirs </u>(Option B)</h2>

Explanation:

Let us understand the meaning of tenancy: It is the "possession of any property which might be land or building and get connected as tenant".

In contrast, ownership means the property belongs that person alone or in partnership.

Understanding the above terms, We can say, Jack and Jill have been a tenant and after ten years, Jill dies. So the rest of the interest in the property will definitely go to his heirs only.

It cannot be passed to Jack because Jill's interest will not be paid by other person except for Jill's heirs. Jack heirs are no way responsible or own the property of Jack.

7 0
3 years ago
Of the four sources of cash listed below, which can be found in the balance sheet?a. funds provided by operations.b. funds provi
My name is Ann [436]

Answer: b. funds provided by borrowing.

c. funds provided by the sale of assets.

d. funds provided by issuing common or preferred stock.

Explanation:

The financial statement consists of two main components which are the balance sheet and the income statement. The balance sheet simoly shows the financial standing of a firm.

Of the options, those that can found in the balance sheet are:

b. funds provided by borrowing.

c. funds provided by the sale of assets.

d. funds provided by issuing common or preferred stock.

5 0
3 years ago
Suppose that the government imposes a​ $2 a cup tax on coffee. The rise in the price of a Starbucks coffee will be​ ______, coff
Scrat [10]

Answer:

increase, decrease

Explanation:

In simple words, when the tax was imposed on the product the company will ultimately bear it to the final consumer which means the price will rise. However when the price of the product rises the demand for that product decreases due to the fact that many individuals would not be able to buy it now from their limited income, this phenomenon is called price elasticity due to income.

5 0
3 years ago
The village of goodsprings has an annual budget requirement of $8,000,000 to be funded by property taxes. assessed valuations ar
Natalija [7]

2.13% or 2 2/15%  
The assessed value of all the property is $400,000,000. But $25,000,000 worth is exempted, leaving $400,000,000 - $25,000,000 = $375,000,000 worth of taxable property. Now we need to get $8,000,000 worth of taxes, so we simply divide the required income by the taxable property. So $8,000,000 / $375,000,000 = 0.021333333 = 2.1333333% 
 Now let's see if we can convert that 0.13333 portion into an exact fraction so that the Village of Goodsprings doesn't have to round up to 2.14% and doesn't loose that small amount of income by rounding down to 2.13%.
 x = 0.133333...
 10x = 1.33333...
 - x -0.13333
 9x = 1.2
 90x = 12
 x = 12/90 = 2/15


3 0
3 years ago
Explain the hierarchy of controls in risk management and how you would use these control measures.
Serga [27]

Answer:

Hierarchy of hazard control is a system used in industry to minimize or eliminate exposure to hazards. It is a widely accepted system promoted by numerous safety organizations. This concept is taught to managers in industry, to be promoted as standard practice in the workplace.

Explanation:

five rungs of the Hierarchy of Controls: elimination, substitution, engineering controls, administrative controls and personal protective equipment. The hierarchy is arranged beginning with the most effective controls and proceeds to the least effective.

6 0
3 years ago
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