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Zarrin [17]
2 years ago
9

The table below shows the average income of the U.S. total population over age 25, based on level of education. Drag the differe

nce in average income
based on education level.
Increase
Less than HS
High school graduate
Some college or Associate's degree
Bachelor's degree
Profession or Doctorate degree
Average Income
$25,876
$31,956
$38,125
$56,344
$75,495
:: $19,151
:: $6,169
:: $18,219
:: $6,080

Business
1 answer:
abruzzese [7]2 years ago
4 0

The differences in average income are $6,080, $6169, $18,219, and $19,151.

The table below organizes income from the one with the lowest education level to the highest one. Moreover, there is a general trend in which income increases with education.

Now, to find the difference in average income based on education it is necessary to subtract the income of a lower level to the income of the next educational level.

Less than Highschool vs. High school graduate:

  • $31,956 - $25,876 = $6,080

High school graduate vs. some college or Associate's degree:

  • $38,125 - 31,956 = $6169

Some college or Associate's degree vs. Bachelor's degree:

  • $56,344 - $38,125 = $18,219

Bachelor's degree vs Profession or Doctorate degree:

  • $75,495 - $56,344 = $19,151

Learn more about mathematics in: brainly.com/question/12083755

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Worldwide annual sales of a product in 2013–2017 were projected to be approximately q = −10p + 4,700 million units at a selling
OlgaM077 [116]

The revenue function is given by R = -10p² + 4700p

Revenue is the total amount of money made from selling a particular unit of products while cost is the amount of money spent in production.

Given an annual sales (q) as:

q = (−10p + 4,700) million units.

The selling price is $p per unit. Hence:

Revenue = per unit price * annual sales

Revenue = p * (−10p + 4,700)

Revenue (R) = -10p² + 4700p

The revenue function is given by R = -10p² + 4700p

Find out more on Revenue at: brainly.com/question/16232387

8 0
3 years ago
Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows:
stiv31 [10]

Answer:

a) Determination of the amount of the amortization, depletion, or impairment for the current year for each item:

   Item                 Impairment   Amortization    Depletion

                             Expense         Expense          Expense

a. Timber rights                                                  $304,000

b. Goodwill        $ 1,110,000

c. Patent                                     $456,000

b) Adjusting Journal Entries:

Date       Account Titles                                   Debit         Credit

Dec. 31   Depletion Expense -Timber rights  $304,000

              Accumulated Depreciation - Timber rights     $304,000

To record the depletion expense for Timber rights.

Dec. 31   Goodwill Impairment Loss             $1,110,000

              Accumulated Goodwill Impairment                $1,110,000

To record the impairment loss for Goodwill

Dec. 31   Amortization Expense - Patent     $456,000

              Accumulated Amortization - Patent                 $456,000

To record the amortization expense for Patent.

Explanation:

a) Data and Calculations:

February 22, Purchase of Timber rights $1,140,000

Estimated stand of timber = 6,000,000

Used board feet of timber = 1,600,000

Units of product Depletion

= $1,140,000/6,000,000 * 1,600,000

= $304,000

December 31, Goodwill impairment

= $1,110,000

April 3 Patent:

Cost incurred $9,120,000

Amortization per annum = $608,000 ($9,120,000/15)

Amortization for the current year = $456,000 ($608,000 * 3/4)

8 0
3 years ago
A manager hires an agent to obtain a license to build a warehouse in an industrial district. The agent gets caught offering a br
Rus_ich [418]

Answer: The correct answer is D:)

6 0
3 years ago
Managers should act in shareholders' interests because shareholders have ___________ priority in receiving their claims.A. TopB.
Cloud [144]

Answer:

Regarding to Claim to income, the correct answer would be C-Bottom

Explanation:

Shareholders can be preferred or common and they have differents claims to income.  Generally, preferred stock will be given preference in assets to common assets in case of company liquidation, nonetheless both will fall behind bondholders if asset distribution happen. If bankruptcy happen, common stock investors will receive any remaining funds after bondholders,  then creditors and preferred stockholders are paid. That's why these investors often receive nothing after a bankruptcy. Preferred stock also has the first right to receive dividends. In general, common stock shareholders will not receive dividends until it is paid out to preferred shareholders, and that happen because they are at the bottom of the pyramid.

3 0
3 years ago
In Benny v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a tr
eduard

Answer:

A

Explanation:

Allow the minor to cancel the contract

5 0
3 years ago
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