Based on her monthly income, her fixed expenses, and her variable income, Tamari's net income is $1,137.
What is Tamari's monthly net income?This can be found as:
= Net income - Fixed expenses - Variable costs
Solving gives:
= 4,350 - 1,955 - (28% x 4,350)
= 4,350 - 1,995 - 1,218
= $1,137
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Which accounts are found on an income statement?.
Answer:
Revenue. Contains revenue from the sale of products and services. Could be segregated into additional accounts to record sales for particular products, regions, or other classifications.
Sales discounts. This is a contra account, containing discounts granted to customers from the gross sale price.
Cost of goods sold. Contains the cost of manufactured goods or merchandise sold during the period. Could be segregated into additional accounts to record the costs of direct materials, direct labor, and factory overhead.
Compensation expense. Contains the costs of salaries and wages incurred during the reporting period for all employees. This includes bonuses, commissions, and severance pay.
Depreciation and amortization expense. Contains the periodic depreciation and amortization charges associated with tangible and intangible fixed assets.
Employee benefits. Contains the employer-paid portions of the costs of numerous benefits, such as medical insurance, life insurance, and pension plan contributions.
Insurance expense. Includes the recognized cost of insurance, such as for building insurance or general liability insurance.
Marketing expenses. Contains the costs of a variety of expenses, including advertising, publications, and brochures.
Office supplies expense. Contains the costs of all incidental supplies incurred by the business that are not related to production activities.
Payroll taxes. Contains the employer-paid portions of payroll taxes, such as social security.
Professional fees. Contains the costs of auditors, attorneys, and consultants.
Rent expense. Contains the cost of lease payments on facilities and land being leased by the entity.
Repair and maintenance expense. Contains the costs of all repair and maintenance activities incurred by the business that are not related to production activities.
Taxes. Contains property taxes, use taxes, and other taxes charged by local governments.
Travel and entertainment expense. Contains the costs of all airfare, mileage reimbursement, hotels, and related expenses incurred by employees.
Utilities expense. Contains the costs of telephones, electricity, gas, and so forth.
Income taxes. If the entity is subject to income taxes, the amount is recorded in this account.
What is the major disadvantage of having a regular savings account?.
The major disadvantage of having a regular savings account is Low-interest rates. This is further explained below.
What is a savings account?Generally, a savings account is simply defined as a savings account is an account with a financial institution that pays interest.
In conclusion, savings account in comparison to other accounts have low rates and federal savings, and withdrawal limitations.
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An economy that balances government intervention with free enterprise is known as a commission. monopoly. mixed market. regulatory agency.
Answer:
The correct answer is Mixed Market.
Explanation:
A Mixed Market, also known as a Mixed Economy, is an economic system where the government intervention and free enterprise coexist. In this type of system, the private property is protected and the laws of supply and demand determine prices, not the federal government. The duty of this latter, however, is to protect the people and the market to a certain extent.
Usually, the state is involved in international trade, national transportation, and military. In some countries, it also has a large role in major industries such as banking, energy production, health care, welfare, aerospace, and retirement programs. In other countries, its role may consist in creating certain guidelines to direct the economy.
An economy that balances government intervention with free enterprise is known as a mixed market. The correct option is c.
What is mixed market economy?A mixed market economy is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions required for efficiency in free markets, such as equal information and rational market participants, cannot be achieved in practical application. The disadvantage of a mixed market economy for most citizens is that it can be very difficult for citizens to start private businesses.
Mixed economies socialize select industries that are deemed essential or that produce public goods.
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The body of your presentation should____________.
1) include more than five points
2) be simple and logical
3) give as many details as possible
The body of presentation should be simple and logical, because the body of the presentation is the main part of the presentation, so it should have a simple but logical sentence which is easily under stable by people.
What should a good presentation include?Presentation is power of making other people understand the thoughts and ideas of the person's mind, so it should start from the introduction part which consist of sum up of main body.
Then the main body of the presentation in which all the important points must be included, then the key ways at the last conclusion of the presentation.
Thus, option B is correct.
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Mr. Parker sells 10 bottles of wine per week at $50 per bottle. He can sell 11 bottles per week if he lowers the price to $45 per bottle. The quantity effect of the sale of an additional bottle would be _______, whereas the price effect of the sale of an additional bottle would be ________
The quantity effect of the sale of an additional bottle would result in an increase in revenue by $45 whereas the price effect of the sale of an additional bottle would result in a decrease in revenue by $50.
What is sales revenue?
Sales revenue is the amount earned by a company by selling their manufactured goods or services
Given values:
For quantity effect (reduced price is constant and quantity changes)
Number of bottles sold at a normal price: 10
Number of bottles sold at a reduced price: 11
Price on the additional bottle (reduced price): $45
Computation of quantity effect on revenue:
[tex]\rm\ Quantity \rm\ effect =(\rm\ Number \rm\ of \rm\ bottles \rm\ at \rm\ a \rm\ reduced \rm\ price- \rm\ Number \rm\ of \rm\ bottles \rm\ at \rm\ a \rm\ normal \rm\ price) \times \rm\ Reduced \rm\ price\\\rm\ Quantity \rm\ effect =(11- 10) \times \$45\\\rm\ Quantity \rm\ effect =\$45[/tex]
For price effect (quantity is constant and the price is changing)
Number of bottles sold at a normal price: 10
Normal price: $50
Price on the additional bottle (reduced price): $45
Computation of price effect on revenue:
[tex]\rm\ Price \rm\ effect =(\rm\ Normal \rm\ price - \rm\ Reduced \rm\ price ) \times \rm\ Number \rm\ of \rm\ bottles \rm\ at \rm\ a \rm\ normal \rm\ price\\\rm\ Price \rm\ effect =\$50 -\$ 45 ) \times 10\\\rm\ Price \rm\ effect =\$50[/tex]
Therefore, the revenue increased by $45 in the quantity effect and decreased by $50 in the price effect on the additional sale.
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Written instructions that describe how to perform a business transaction or handle an organizational procedure are called ____.
Written instructions that describe how to perform a business transaction or handle an organizational procedure are called standard operating procedure. Includes goals, roles, and responsibilities, descriptions of what needs to be done.
What is standard operating procedure?A standard operating procedure is a series of step-by-step instructions developed by a company to assist employees in doing everyday tasks.
SOPs are intended to improve efficiency, output quality, and performance consistency while reducing miscommunication and noncompliance with industry regulations.
Thus, it is standard operating procedure.
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Ricky spends $173.19 in additional interest and charges on monthly payments as the result of a prior bankruptcy. if ricky had been able to save this money for one year and then put it into a savings account earning 2.1% simple interest, how much money could he have in savings after two years?
The amount of money Ricky could have in savings after two more years is $2,165.57.
Calculation of balance in savingsSaving for 12 months = $173.19 * 12 = $2,078.28
Annual interest earned = Saving for 12 months * Simple interest rate = $2,078.28 * 2.1% = $43.64388
Savings balance after 2 years = Saving for 12 months + (Annual interest earned * Number of years) = $2,078.28 + ($43.64388 * 2) = $2,078.28 + $87.28776 = $2,165.57
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Diego works for an electronics firm. If he wanted to know how many people prefer to respond to emails on their smart phones or on their tablets, he would most likely conduct ________ research;
If Diego wanted to find out how many people prefer emails on their smartphones or tablets, he would most likely engage in qualitative research with the use of questionnaires.
What is Research?This refers to the statistical findings that is done about a particular area of study to find out more about it.
Hence, we can see that because Diego works for an electronics firm and wants to find out how many people prefer to reply to emails through their smartphones or tablets, he would most likely engage in qualitative research with the use of questionnaires.
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An organism on which a parasite or virus lives is called a .
Answer:
host organism. it lives in either mutualistic or comenstlitic
Insurance that covers damage to your car from an accident is called:.
Answer:
car insurence
Explanation:ITS SO EASY
Answer:
Collision insurance =
Collision insurance is a type of coverage that pays for damage to your own car as a result of an accident. Collision insurance will pay out even if you're responsible for the crash.
A simple way to outline your vision and spot any mistakes before going further is ______. usability testing advertising interviewing paper testing
If you want to spot any mistakes in a model before going further, you can engage in usability testing.
What is usability testing?This refers to testing a program or model before releasing it in its final form to ensure that it can perform as intended.
This allows you, as the creator, to identify any errors or flaws and act to correct them. It also helps you to clearly define your program's vision based on how well it succeeds.
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Which of the following is a part of the winding down process?
O A. Forming corporate bylaws
O B. Paying outstanding obligations
O C. Appointing a board of directors
O D. Voting on dissolution
Answer:
B. Paying Outstanding Obligations
Explanation:
I hope this helps, I just took the test !!!
The one year requirement in the statute of frauds is based on a standard of a contract being _________ finished in the one year period.
Cash payments a business makes to stockholders are called
.
Answer:
Cash dividends are often paid on a regular basis, such as monthly or quarterly, but are sometimes one-time-only payouts, such as after a settlement. Most brokers offer a choice to accept or reinvest cash dividends. Dividend-paying companies are typically established, with stable cash flow, and beyond the growth stage.
Explanation:
give me a brainliest
Ray is a delivery driver for Sicilian Pasta Company. Ray does exactly what the company tells him. Ray is a. an independent contractor. b. an employee. c. a principal. d. an employer.
Ray is an employee of Company S as he follows the commands of the company.
Option B is the correct answer.
What is a company?A company is an entity that is controlled by its board members. It is commonly of two types namely, private and public company.
Company S acts as a principal toward Ray, as he follows the instructions given by them and the Ray, who is a delivery agent works accordingly. This establishes a relation between both of them as principal and agent.
Therefore, Ray act as an employee for the Sicilian Pasta Company, an employer.
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Which mynav module serves as the source for sales and delivery content, assets, and intellectual property across industries?
The mynav module that serves as the source for sales and delivery content, assets, and intellectual property across industries is: Accenture mynav.
What is Accenture myNav?Accenture myNav is a platform that enables a company or an organization to choose their cloud architecture.
Accenture myNav is important for companies as it serve as an intellectual property across industries.
Therefore Accenture mynav module that serves as the source for sales and delivery content.
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The higher a country’s gross domestic product (gdp), the more likely it is that the country is wealthy. is developed. has high inflation. has little debt.
The higher a country’s gross domestic product (gdp), the more likely it is that the country is wealthy.
What is gross domestic product?Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
The economic growth rate which measures wealth is the rate at which the nominal GDP of a country increases with the passage of time.
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Answer:
i think its A
Explanation:
edg 2022
Lindsay needs to purchase a car. The car Lindsay is planning on
purchasing costs $10,000 and Lindsay has $1,000 that they will be using
as a down payment. Lindsay is offered credit terms of 3% APR for a term
of 2 years. Please calculate the following:
a. To purchase the car, what is the dollar amount that Lindsay will need to
finance? (1 point).
b. In one year, what is the dollar amount of interest that Lindsay will pay
on the loan? (Principal X Rate X Time) (1 point)
C. In two years, in order for Lindsay to finally OWN the car, what will the
actual cost of the car be in dollars? (2 points) (down payment+amount
financed+ 2 years interest=actual cost of car)
The quantity a lender costs a borrower and is a percent of the principal of the quantity loaned; is called as an interest rate. The total amount of interest she will pay is $418.68
What do you mean by interest on a loan?
A mortgage is normally mentioned on an annual foundation referred to as the once-a-year percent fee (APR). It is known as interest rate.
As per the information,
Costs = $10,000, Down payment is equal to $1,000; where PV is the amount owing = $9,000
Rate of interest is 3%, that is 3%/12 = 0.0025;
n is the number of periods = 3 x 12 = 36 months.
A) The dollar amount that Lindsay will need to finance is $9,000
B) Now, to calculate the installment amount to be paid that is P:
[tex]PV = P(\frac{1 - (1 + r)^{-n} }{r} )\\\[/tex]
[tex]9,000 = P(\frac{1 - (1 + 0.0025)^{-36} }{0.0025} )\\\\\\9,000 = P\frac{ ( 1 - 0.9140)}{0.0025} \\\\9,000 = 34.4P\\\\P = $261.63\\\\Hence, the amount of installment that she will pay = \$261.63[/tex]
C)The actual cost of the car after financing = $1,000 + $261.63 x 36 = $10418.68
The total amount of interest she will pay = $10418.68 - $10,000 = $418.68
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The principle which states that a company should record expenses it incurred in the same period as the revenue it generated is known as the.
Answer:
The Expense Recognition Principle
On December 31, Briar Co. disposed of a piece of equipment that cost $6,000 with accumulated depreciation as of December 31 of $4,500. The entry to record this disposal would include a debit to which account and for how much
Briar Co. disposed of a $6,000 piece of equipment on December 31 with $4,500 in accrued depreciation as of that date. Then $1,500 will be debited from the Loss on Equipment Disposal account.
What is loss on Equipment Disposal account?Gain/Loss on Asset Disposal is a common account name of the Equipment Disposal account.
The net difference between the initial asset cost and any cumulative depreciation (if any) is debited to the disposal account, while the balances in the fixed asset account and the accumulated depreciation are reversed.
On December 31, the debited amount is calculated as:
[tex]=\text{Disposed Equipment- Accumulated Depreciation}\\\\ =\$6,000- \$4,500\\\\ =\$1,500[/tex]
Therefore, $1,500 will be the amount of loss on disposal of the Equipment.
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5. Angela Corcoran bought a $125,000 home. She made a 12% down payment
and borrowed the rest on a 25-year, 8.8% fixed rate mortgage. Her
monthly mortgage payment was $908.10. A. How much was the down
payment Angela made? B. How much did she borrow on the mortgage? C.
What is the total amount of the monthly payments Angela expects to pay
over the life of the loan? D. What is the amount of interest Angela will
pay over the 25-year loan term?
6. The Coverley's bought a home for $162,500. They made a 5% down
payment and borrowed the rest on a 7.4%, 30-year fixed rate mortgage.
Their monthly payment was $1,068.86. A. How much was the down
payment they made? B. How much was the amount of their mortgage? C.
What was the total amount of their monthly payments over 30 years. D.
What was the amount of interest they paid over the life of the loan?
The details of the home bought by Angela Corcoran are:
$15,000 down payment.$110,000 was borrowed. $272,430 is the total amount of monthly payments. $162,430 is the total amount of interest to be paid.The details for the home by the Coverley's are:
$15,000 down payment.$154,375 was borrowed. $384,789.60 is the total amount of monthly payments. $230,414.60 is the total amount of interest to be paid. What are the payments for Angela Corcoran?The down payment is:
= 12% x 125,000
= $15,000
The loan amount is:
= Cost of house - down payment
= 125,000 - 15,000
= $110,000
The total amount to be paid is:
= 908.10 per month x 12 months per year x 25 years
= $272,430
The total interest:
= Total amount paid - Cost of loan
= 272,430 - 110,000
= $162,430
What are the payments by the Coverley's?The down payment is:
= 5% x 162,500
= $8,125
The loan amount is:
= Cost of house - down payment
= 162,500 - 8,125
= $154,375
The total amount to be paid is:
= 1,068.86 per month x 12 months per year x 30 years
= $384,789.60
The total interest:
= Total amount paid - Cost of loan
= 384,789.60 - 154,375
= $230,414.60
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What are the roles of consumers? select two options.
Answer:
im new here
Explanation:
were are you from
dicuss whether or not an economy would benefit from allocating from allocating more of its resources to agriculture
Yes, an economy would benefit if it gives more resources to agriculture.
What is Agriculture?This refers to the planting of crops, rearing livestock, and other agricultural practices for personal consumption or sale.
Hence, we can see that agriculture is important to every economy because food is needed to both feed the country and also for export purposes and this would benefit the economy because it would reduce the importation of food that can be home-grown.
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Who would be eligible for student loan forgiveness.
Answer:
broke people
Explanation:
if you broke then maybe they help
Ralph is leasing a $32,000 car for 36 months. the terms of his lease include an 8.5% interest rate (money factor of 0.00354) and a residual value of 72%. determine ralph’s approximate monthly lease payment. a. $145.00 b. $230.40 c. $248.89 d. $443.73 please select the best answer from the choices provided a b c d
If the residual value is 72%. Approximate monthly lease payment is: d. $443. 73.
Monthly Lease paymentFirst step is to find the residual value
Residual value=$32,000×72%
Residual value=$23,040
Second step is to find the depreciation and base monthly lease payment
Depreciation=$32,000-$23,040
Depreciation=$8,960
Base monthly lease payment=$8,960/36
Base monthly lease payment=$248.89
Third step is to find the Interest per month
Interest per month=($32,000+$23,040)×0.00354
Interest per month=$55,040×0.00354
Interest per month=$194.84
Last step is to calculate the lease payment
Monthly lease payment=$248.89+$194.84
Monthly lease payment=$443.73
Therefore Ralph approximate monthly lease payment is: d. $443. 73.
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True or false?
when a potential employer calls or emails you regarding an interview, the verbal or written conversation itself would be considered an interview.
Answer:
yes
Explanation:
because all the documents are send and an exchange of words through the phone which make the answer to be yes
A microwave oven costs $124.85 before it is marked down. if it is marked down by 63%, what is its new price, to the nearest cent? a. $78.66 b. $61.85 c. $58.68 d. $46.19
A microwave oven costs $124.85 before it is marked down. if it is marked down by 63%, the new price, to the nearest cent, is $46.19.
How to calculate the percentage of an amount?The percentage represents a value divided by 100. In this way, saying 25% of a value is the same as saying 25 out of 100, that is, 25 divided by 100.
In this case we have:
[tex]\$124.85 * (100\% - 63\%)\\= \$124.85 * 37 \%\\= \$124.85 * 0.37\\= 46.1945\\= \$46.19[/tex]
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Mariah received a promotion at work and wanted to replace her mobile phone with a more expensive smartphone that she could now afford. the lower-priced cell phone that mariah no longer wanted to have is an example of which type of good
The lower-priced cell phone that Mariah no longer wanted to have is an example of inferior goods. Thus, the option (a) is correct.
What is promotion?
Promoting products and services in the marketplace is referred to as “promotion.” A paid and unpaid payment is the promotion. In order to promote itself, the business releases a new product.
Public purchasing is influenced by the promotion of the goods and services. Public relations, advertising, sales promotion, and direct marketing are the four different methods of promotion.
The Maria's income improved as a result of a job advancement. Mariah intends to replace her outdated mobile phone with a new smartphone. A person's increased income allows them to spend more money on new items, which are the lesser goods. As demand declines, utility, and consumption rates go up.
Therefore, option (a) is correct.
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Your question is incomplete, but most probably the full question was:
Inferior goodsVeblen goodsGiffen goodsNormal goodsWhich behavior style prefers to follow a plan that is provided to them and will not change the plan in anyway
Identifies needed tasks is behavior style likes to follow a plan that is supplied to them and will not change the plan in any case. When a person knows what they need to be done, then there is no requirement to change in plan.
What is behavior style?Behavior style is the way how someone reacts or acts at any time. People sometimes pretend to change their behavior in some of the condition to act differently.
There are commonly four types of behavior style that are aggressive, passive, assertive and upset styles.
Thus,Identifies needed tasks is behavior style
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HELPPP!!!!
You own and manage a hotel that appeals to a variety of age groups with the multitude of amenities that you offer—a nightclub on the premises, a relaxing day spa, morning aqua aerobics classes in the pool, kids clubs with free daycare, and a physical therapist on site. However, you are trying to put together a marketing campaign specifically for all of the early 20-somethings that will be in town for spring break next month. What will most likely be the best amenity to include in this advertising campaign to appeal to 20-something year-old spring breakers?
A. free daycare
B. the nightclub
C. physical therapist
D. morning aqua aerobics
Answer:
I too struggle with business, but I believe the answer would be D.