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tester [92]
2 years ago
14

Xavier has been working at his first post college job for almost a year when his company gives him a raise, resulting in a paych

ecks increase of 200, for a total of $400 extra in take home pay every month. He makes a quick list of possible ways to use that money, along with relevant notes for each.
Save for fun summer vacation trip in 8 months

Estimated cost= $1000

Interest rate-- 1% - savings account

3 friends are going -- really want to join



Pay off credit card debt sooner

Balance= $6,500

Interest rate-- 20%

Completely up to date on payments

Typically pay monthly minimum only



Pay down student loan dept

Balance= $34,000

Interest rate-- 4%

Completely up to date on payments



Increase Emergency funds

Balance= $250

Interest rate-- 1% savings account

Realize this should be much higher

Have been lucky so far-- haven't used the account once yet



Participate in company 401(k) plan

Not participating yet

Interest rate-- Variable

Company will match dollar for dollar up to 5% of my salary ($250) a month)



Finance Nicer, more reliable car

Estimated cost- $25,00

Interest rate-- 6%

Currently driving 14-year-old car paid for in cash at a time for purchase

No down payment currently saved



Provide a detailed plan, including actual dollar amounts, for Xavier to wisely use the extra $400 per month from his raise. For each part of the plan, briefly describe why you're making this choice
Business
1 answer:
marshall27 [118]2 years ago
5 0

Answer:9900

Explanation:

600=700

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Griffin goat far inc has sales of 666000, depreciation expense of 72000, interest expense of 46000, nad a tax rate of 24 percent
Helen [10]

In a condition where Griffin Goat Far Inc., has sales of 666000, depreciation expense of 72000, interest expense of 46000, and a tax rate of 24 percent, the net income of this firm will be $416,480.

<h3>What is the significance of net income?</h3>

The net income can be referred to or considered as the surplus difference between the gross income and the expenses plus taxes of an organization for a given period.

Using the given information, it can be interpreted that,

Net Income = 666,000 – (72,000 + 46,000) – 24%

Net Income = 666,000 – 118,000 – 24%

Net Income = 548,000 – 24%

Net Income = $416,480

Therefore, the significance regarding the net income has been aforementioned.

Learn more about net income here:

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6 0
1 year ago
The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following
Maurinko [17]

Answer:

Net income = $364,000

Earning per share (EPS) = $0.36 per share.

Explanation:

A continuous multiple-step statement of comprehensive income is a form of income statement shows in a categorical and continuous manner operating income, i.e. the profit earned from the primary activities of an entity through buying and selling merchandise, other income and expenses, and net income.

For this question, continuous multiple-step statement of comprehensive income can be prepared as follows:

Lindor Corporation

Multiple-step Statement of Comprehensive Income for 2016

<u>Details                                                                  $      </u>

Sales revenue                                            2,300,000

Cost of goods sold                                    <u> 1,400,000 </u>

Gross profit                                                   900,000

Operating expenses:

Selling and administrative expenses        <u> (420,000) </u>

Operating income                                        480,000

Non operating income and exp.:

Unrealized holding gains on inv. sec.          80,000

Interest expense                                          <u> (40,000) </u>

Income before tax                                        520,000

Income tax (30% * $520,000)                    <u> (156,000) </u>

Net income                                                  <u>  364,000 </u>

EPS (364,000 / 1,000,000)                                 0.36

8 0
3 years ago
Hayleah is a california cpa practicing in california. to renew her license in active status, hayleah must to meet the basic requ
kenny6666 [7]

When performing work, there are specific requirements depending on which work Hayleah performs and these are <u>B) </u><u>Government </u><u>auditing </u><u>continuing education </u><u>requirement</u>

When dealing with governmental accounting:

  • There are certain rules that must be followed.
  • The specific rules imposed are to ensure better management of tax payer funds.

As a result, when a California CPA is involved in governmental work, specific rules known as the government auditing continuing education requirements will most likely apply.

In conclusion, option B is correct.

Find out more about different accounting standards at brainly.com/question/24441480.

7 0
2 years ago
In considering channels and logistics, what is the definition of intermodal transportation? Group of answer choices Combining tw
Taya2010 [7]

Answer:

Inter-modal transportation: Combining two or more modes of transportation

Explanation:

Logistics is the movement and coordination of resources such as food, liquids, materials, inventory, people and equipment from one location (origin) to another (destination). Intermodal transportation is used in logistics to transport a shipment from the shipper to the consignee. There are 3 methods of transportation:

  1. Ocean transportation e.g. ships
  2. Land transportation e.g. trucks, trains
  3. Air transportation e.g. flights

When any resource is transported by use of any two or more of these modes, it is known as intermodal transportation. For example, a container of clothing might be transported from Tokyo, Japan to New York, USA.

<u />

Japan factory to Japan Harbor: Train

Japan Harbor to USA Harbor: Ship

USA Harbor to warehouse in USA: Flight

Warehouse to shopping mall: Truck

5 0
2 years ago
On March 1, Sara, a student, received a telephone call from ComputerChip, Inc. offering her a job for one year beginning on June
densk [106]

Answer:

Yes, because the job offer is for longer than one year from March 1

Explanation:

Since in the question it is mentioned that Sara who is a student have offered a job on March 1 that begins on June 15 and she have to move to california for the job. So here the Sara  would ask the letter in the case when she accepted the offer immediately as the job offer would be more than one year i.e. from March 1

Therefore the above represent the answer

7 0
3 years ago
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