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ANTONII [103]
2 years ago
12

PLEASE HELPPP

Business
1 answer:
Tanzania [10]2 years ago
3 0

Answer:

147647.83

Explanation:

If there are 52 weeks in a year we need to multiply his salary by those weeks

52 * 2831.60

we then get 147647.83564

we need to simplify and get

147647.83

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Use the following advice from most financial advisors to solve the problem. ∙ Spend no more than 28% of your gross monthly incom
Aliun [14]

Answer:

a) $1,400

b) $1,800

c) $820

Explanation:

If the annual income is $60,000, the gross monthly income is I=60,000/12=5,000.

a) The maximum amount you should spend each month on a mortgage payment is:

MP=0.28*I_m=0.28*5,000=1,400

b) The maximum amount you should spend each month for total credit obligations (including mortage) is:

DP = 0.36*I_m=0.36*5,000=1,800

c) If we need only 70% of the maximum allowed for the mortage, we have more income available for other debt payments.

The 70% represents:

MP'=0.7*(0.28*5,000)=980

We substract this from the total budget for debt payments and we have the budget for all other debts but mortage:

ODP=1800-980=820

3 0
3 years ago
Why is investing in a mutual fund less risky than investing in a particular company’s stock?
MrRissso [65]
A mutual funds only invest in blue-chip stocks
8 0
3 years ago
Read 2 more answers
4. Which of the following is a liability?
zlopas [31]

Answer:

Maybe C.

Explanation:

5 0
2 years ago
Read 2 more answers
If Barcelona has a core staff of restaurant managers and head chefs and contracts with staffing agencies to fill all other posit
Elden [556K]

Answer:

false

Explanation:

Barcelona has a network structure because it works with staffing agencies to fill many vacant positions.

When a company has a network structure, it works with other companies in order to produce a good or service (outsourcing). In this case, Barcelona outsources some of its human resources functions to other companies.

7 0
3 years ago
Farrel Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just compl
larisa [96]

Answer:

Dr Work in Process 574,000

Dr Manufacturing Overhead 163,000

Cr Wages Payable 737,000

Explanation:

Preparation of the journal entry to record the direct and indirect labor costs incurred during the year

Based on the information given the appropriate journal entry to record the direct and indirect labor costs incurred during the year will be :

Dr Work in Process 574,000

Dr Manufacturing Overhead 163,000

Cr Wages Payable 737,000

(574,000+163,000)

(Being to record direct and indirect labor costs incurred )

3 0
3 years ago
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