All categories

2 years ago

it is often said that the poor are economically vulnerable and thus are the ones most affected by recession. Why is it so?

Business

1 answer:

xeze [42]2 years ago

7 0

Answer:

because economically the poor are really suffering from lack of money are been affected by recession

You might be interested in

Cass Corporation reported pretax book income of $10,600,000. During the current year, the reserve for bad debts increased by $17

s344n2d4d5 [400]

Answer:

Tax Income Expense 10,600,000

Tax income payable 10,302,500

deffered tax liability 297,500

Explanation:

pretax book income 10,600,000

reverse bad debt 172,500

additional dep -227,500

book asset sale gain -87,000

taxable asset sale gain 114,500

tax expemt insurance proceed -270,000

Taxable income 10,302,500

7 0

3 years ago

You can afford a $1050 per month mortgage payment. You've found a 30 year loan at 8% interest.

Paladinen [302]

Answer:

loan can you afford = $143097.67

total money will you pay the loan company = $378000

interest amount = $234902.33

Explanation:

given data

principal = $1050 per month

time = 30 year = 30 × 12 = 360 months

interest rate = 8% = $\frac{0.08}{12}$ = 0.006667 monthly

solution

we get here first maximum amount of loan by present value of annuity as

present value of annuity = principal × $\frac{1-(1+rate)^{-t}}{rate}$ .........1

put here value we get

present value of annuity = 1050 × $\frac{1-(1+0.006667)^{-360}}{0.006667}$

present value of annuity = $143097.67

and

now we get total amount of money pay will be as

total amount of money pay = principal × time period

total amount of money pay = $1050 × 360

total amount of money pay = $378000

and

total amount of interest paid will be

interest amount = total amount paid - loan amount

interest amount = $378000 - $143097.67

interest amount = $234902.33

6 0

4 years ago

A young customer who is a novice investor wishes to begin an investment program. He is eligible for his employer's 401(k) plan,

nirvana33 [79]

Answer:

The answer is "Option D"

Explanation:

The first bit of wisdom can offer a consumer qualifying for a 401(k) program is to make regular donations to the program, especially when the business provides employee benefits, therefore the correct choice is to make direct payment donations to the 401(k) plan of both the employee at minimum to just the contributing amount of the employee.

3 0

3 years ago

Canyon Buff Corp. is considering the purchase of a new piece of equipment which would cost $11,000. This equipment will have a f

Furkat [3]

Answer:

Tax shield on depreciation = 600

Explanation:

given data

new piece of equipment = $11,000

salvage value = $1,000

marginal tax rate = 30%

average tax rate = 20%

time period = 5 year

to find out

net effect of annual depreciation on the free cash flow

solution

we know here cost of asset and Salvage value so we get depreciation cost

depreciation cost is = 11000 - 1000 = 10000

and

annual depreciation = 2000

so that Tax shield on depreciation will be

Tax shield on depreciation = 2000 × 30%

Tax shield on depreciation = 600

5 0

4 years ago

At the beginning of march, janet opened a checking account with her first paycheck of $153.82. during the month, she withdrew $4

elena55 [62]

Answer:

The account balance is $70.40.

Explanation:

Please make the brainliest :)

6 0

3 years ago

Read 2 more answers

it is often said that the poor are economically vulnerable and thus are the ones most affected by recession. Why is it so?​

it is often said that the poor are economically vulnerable and thus are the ones most affected by recession. Why is it so?