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gizmo_the_mogwai [7]
2 years ago
10

Eric Patterson earns $82,000 a year. His monthly expenses total $5,400. What is the minimum amount of money that he should set a

side in an emergency fund
Business
1 answer:
slava [35]2 years ago
5 0

Based on the amount earned and the monthly expenses, Eric should set aside <u>$16,200</u> for an emergency fund.

It is generally recommended that when settling cash aside for an emergency fund, the amount that one sets aside be 3 times their monthly expenses.

Eric's monthly expenses are $5,400 so the amount to be set aside should be:

= 5,400 x 3

= $16,200

In conclusion, Eric should set aside $16,200 for the emergency fund.

<em>Find out more at brainly.com/question/13420184. </em>

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Is it possible for a company to initiate two products that target the same market that are not mutually exclusive?
Nutka1998 [239]
It is possible but there should be some type of criteria that needs to be met. For example, the market should have room for both products and the other important thing to have in mind is that the company must have sufficient resources in order to produce both products simultaneously. 
4 0
3 years ago
Jason and Paula are married. They file a joint return for 2020 on which they report taxable income before the QBI deduction of $
mote1985 [20]

Answer: $28940

Explanation:

Their QBI deduction for the year goes thus:

Jason's QBI amount will be:

= $173000 × 20%

= $173000 × 0.2

= $34600

Paula's QBI amount will be:

= $28,300× 20%

= ($5660)

Therefore, their combined qualified business income will be:

= $34600 - $5660

= $28940

The overall limitation which is based on th modified taxable income will be:

= $247000 × 20%

= $49400

Since $28940 is lesser than $49400, their QBI deduction for the year is $28940

7 0
3 years ago
In union terms, a direct strike occurs:
Alex_Xolod [135]

Answer:

. when an organized body of workers withholds its labor to force the employer to comply with its demands.

Explanation:

6 0
3 years ago
The costs of services charged to a profit center on the basis of its use of those services are:__________a. support department a
Aleonysh [2.5K]

Answer:

a. support department allocations

Explanation:

These costs are known as support department allocations or service department charges. Every company tends to have these costs since this applies to any department or third party which provides the company with a service. Many times this mainly refers to manufacturing departments and production departments since both provide a service that every company needs in order to obtain their desired product.

4 0
2 years ago
Cane Company manufactures two products called Alpha and Beta that sell for $130 and $90, respectively. Each product uses only on
lyudmila [28]

Answer:

Explanation:

a. Raw material needed to make one unit

Alpha = 25/5 = 5 Pound

beta = 10/5 = 2 Pound

b.  Contribution margin per pound

                                                                         Alpha Beta

Selling price                                                   130 90

Direct material                                            25 10

Direct labor                                                    22 21

Variable manufacturing overhead              17 7

Variable selling expenses                              14 10

Contribution margin per unit                     52 42

pound per unit                                               5 2

Contribution pound per pound                   10.4 21

c. product mix

Pound Unit

Beta 62000*2 = 124000 62000

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Total 162000  

d.  Maximum contribution margin = (62000*42+7600*52) = $2999200

e.  Highest price = 10.4+5 = 15.40 per pound

7 0
3 years ago
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