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Dvinal [7]
3 years ago
12

Last year rebecca set aside $5000 pretax dollars for child care in a flexible spending account. she only used $3200. what happen

ed to the remaining $1800?
Business
1 answer:
worty [1.4K]3 years ago
4 0
A flexible spending account allows an employee to set aside a portion of the earnings to pay for qualified expenses.It is either you 'use it or lose it.' if you haven't used the funds by the end of the year your employer can keep it. This is what happened to the $1800 Rebecca hadn't used.
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What is the amount of income you should save for an emergency fund.
ZanzabumX [31]

Answer:

Depending on your income I recond 15% of every paycheck but put it to the emergency funds.

Explanation:

3 0
2 years ago
Maldovar Company is considering purchasing a new machine to replace a machine purchased one year ago that is not achieving the e
weeeeeb [17]

Answer:

c. Purchase cost of existing machine

Explanation:

Relevant  costs are the incremental costs that can be avoided by avoiding the functional activity with which the costs are associated.

Maintenance costs are relevant as they are directly linked to the use of machinery and as such are incremental with the use. The same is the case with the maintenance costs of the existing machine as they are avoidable if the new machine is purchased.

Expected cost savings would be incremental with the improved new machine. These cost savings thus are relevant.

Resale value of existing machine are also relevant as these would contribute towards the purchase of new machine.

The purchase price of existing machine is irrelevant as the machine cost has already been paid and regardless of purchasing the new machine or not, this cost is not a part of any calculations.

Hope that helps.

4 0
3 years ago
On January 1, a company issues bonds dated January 1 with a par value of $380,000. The bonds mature in 5 years. The contract rat
Pavlova-9 [17]

Answer:

See explanation

Explanation:

Selling Price of Bonds =396,210

                                  Journal Entry

Date        Account Title and Explanation        Debit       Credit

1 Jan      Cash                                                $396,210  

                        Bond payable                                           $380,000

                        Premium on bond payable                       $ 16,210  

               (To record issuance of bond)

Working

Premium On Bonds Payable = Selling Price of Bonds - Value of Bonds

= $396,210 - $380,000 = $ 16,210  

Interest payment:

Semi-annual interest = 7%× 380,000× 1/2 =13,300

Date        Account Title and Explanation        Debit       Credit

June 30    Bond interest expense                  $13,300                              

                        Cash                                                           $13,300

               (To record semi annual interest paid on bond)

4 0
3 years ago
The income elasticity of demand for housing property is exactly 1.40. Due to a recession, you expect incomes to drop by 5% next
a_sh-v [17]

Answer:

Buy 7% less houses

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income

Income elasticity of demand = percentage change in quantity demanded/ percentage change in income

1.40 = percentage change in quantity demanded/ 5%

Percentage change in quantity demanded = 1.4 × 5% = 7%

Because the coefficient of elasticity is greater than one, it means demand is income elastic. This means quantity demanded is responsive to changes in income. A fall in income would reduce the quantity demanded.

I hope my answer helps you

5 0
3 years ago
A strategy to be the industry's overall low-cost provider tends to be more appealing than a differentiation or best-cost or focu
Zigmanuir [339]

The offerings of rival firms are essentially identical, standardized, commodity-like products.

<h3><u>Explanation:</u></h3>

Strategy refers to the plans that are made and executed by a firm in achieving the objectives. Niche refers to the segment of customer that is being focused by a business in selling its products and services. When any company sells its products and services at a lower cost than its competitors then it will achieve success and also will survive in the market rivalry.

Differentiation refers to the process of selling the similar products at different prices to different consumers  of different market. A strategy to overall low-cost provider of the industry tending to be more appealing when compared with the differentiation or best-cost or focus/market niche strategy when The offerings of rival firms are essentially identical, standardized, commodity-like products.

7 0
3 years ago
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