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2 years ago

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Business

2 answers:

Ymorist [56]2 years ago

7 0

Answer:

the right answer is "B. The children should manage their own weekly allowances."

Explanation:

trust me ;)

kobusy [5.1K]2 years ago

5 0

Hi!

Option C is correct.

Explanation of the choices:

A. - This seems a good choice, however it's not the best choice. Let's come back to it.

B. - This is the best choice because they get to experience first-hand how to manage and make their own money decisions. Choice A might seem good at first, but we can see this is better because they get to make their own decisions and experience hands-on how to do it.

C - This is not a good choice, because it's best to expose children early so they can grow up knowing how to do it.

D - This choice doesn't make sense. What is the point of money if you store it away and don't spend it? This will likely not be a good lesson in the future.

Hope this helps! :D

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Hermano and Rosetta are a retired couple who receive $10,000 in Social Security benefits during the current year. They also rece

Zolol [24]

Answer:

$41,000

Explanation:

Gross income an individual or individuals is the total amount of income that he or they receive from his or their employer(s) before taxes are deducted and other allowable deductions are made.

The gross income is an aggregation of all income from all sources whether the income is received in cash or in kind. That is, part of the income to consider when calculating gross income are income received in kind like property or services received.

From the question, the gross income of Hermano and Rosetta can be calculated by adding all the income they received from all sources before tax are deducted as follows:

Gross Income = Social Security benefits + Interest on savings account + Taxable pension payment

Gross Income = $10,000 + $3,000 + $28,000

= $41,000.

Therefore, the gross income of Hermano and Rosetta is $41,000.

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3 years ago

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3 years ago

Because monopoly firms do not have to compete with other firms, the outcome in a market with a monopoly a. is often not in the b

olchik [2.2K]

Answer:

a. is often not in the best interest of society.

Explanation:

A monopoly is when there is a single firm operating in an industry. This is usually so because of high barriers to entry of other firms.

Because a monopoly has only one firm in the industry, the firm sets prices to maximise profit. The firm earns economic profit in the short and long run.

The monopoly benefits the producer more than consumers. It is often inefficient and fails to maximise total welfare .

Because of these inefficiencies, government usually steps in to regulate the activities of a monopoly.

I hope my answer helps you.

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3 years ago

On January 1, 2019 Miller Corporation had retained earnings of $8,000,000. During 2019, Miller reported net income of $1,500,000

Stels [109]

Answer:

$9,000,000

Explanation:

As we know, in preparing accounts, the following steps are considered:

From all the revenues earned, all the expenses are deducted, and then we get net revenues.

From such net revenues all the taxes are provided.

Then all the appropriation in the form of dividend is provided.

Firstly to preference and then to equity.

After that all the remaining earnings are added to retained earnings.

In the given instance,

Net Income - Dividend = $1,500,000 - $500,000 = $1,000,000

Now this will be added to opening retained earnings.

Therefore, retained earnings balance at year end = $8,000,000 + $1,000,000

= $9,000,000

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3 years ago

Scallion Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan asse

Vesnalui [34]

Answer:

The pension expense for the year is 198,400

Explanation:

According to the reports received by the company we have the following relevant data to calculate the pension expense for the year:

Service cost of $ 193,000

Interest cost of $ 31,000

Considering that the long-term expected rate of return on plan assets is 10%, then $ 256,000×10%= 25,600

Pension expense for the year= Service cost of $ 193,000 +Interest cost of $ 31,000-25,600= 198,400.

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3 years ago

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