The four sources of taxable income are: Taxable income in prior carryback years, Future reversals of existing taxable temporary differences, Tax planning strategies, Future taxable income exclusive of reversing temporary differences and carryforwards.
In this context, sources 1 and 2 are considered objective, as they are based on historical data and can be quantified accurately. On the other hand, sources 3 and 4 are considered subjective because they involve projections, estimates, and assumptions about future events.
When analyzing whether a valuation allowance is needed, greater weight is generally given to objective sources of taxable income, specifically future reversals of existing taxable temporary differences (source 2).
This is because objective sources provide a more reliable and quantifiable basis for determining the need for a valuation allowance, reducing the uncertainty associated with subjective estimates and projections.
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PLEASE HELP MEE 50 Pts
Question: What are the local, state, and federal taxes for a healthcare business?
Answer:
Is health care federal state or local?
The U.S. Department of Health and Human Services is the federal government's principal agency involved with health care services. The states cofund and administer their CHIP and Medicaid programs according to federal regulations. (goo gle)
Explanation:
hope this helps
Paper Exchange has 80 million shares of common stock outstanding, 60 million shares of preferred stock outstanding, and 50 thousand bonds. If the common shares are selling for $20 per share, the preferred shares are selling for $10 per share, and the bonds are selling for 105 percent of par, what would be the weight used for preferred stock in the computation of Paper's WACC?
Answer:
26.64%
Explanation:
Common stocks outstanding (C) = 80 million
Preffered stock outstanding (P) = 60 million
Number of bonds (B) = 50,000
Cost of common stock (Cc) = $20 per share
Cost of Preffered stock (Cp) = $10 per share
Cost of bond (Cb) = 105% of par
Weight of preferred stock :
(P * Cp) / [(P*Cp) + (C*Cc) + (B * Cb * par value)]
(60mill * $10) / [(60mill * $10) + (80mill * $20) + (50000 * 1.05 * 1000)]
600mill / (600 mill + 1600mill + 52.5mill)
600,000,000 / 2252500000
= 0.2663706
= 26.64%
In recent years the company has seen a fall in UK sales and profits, mainly due to increased competition from cheaper imports from countries such as China and, most recently, the UK's decision to leave the EU which has seen a 12% increase in tariffs for its exports into EU countries. However, human resource issues have also contributed to the decline in company profitability. In particular, high labour turnover and absenteeism coupled with a reduction in the time given to on-the-job training has resulted in lower productivity and an increase in the level of waste in the production process. At the March 2022 Board meeting, Rachel said "unless radical changes are made to both production and marketing, sales and profits will continue to fall and the future of JBD as a major UK manufacturer of ceramics would be seriously compromised." She went on to say, "the company has relied too much on its existing products and existing markets and failed to prepare for the changes to our trade with European Union (EU) post Brexit. As a company we need to recognise that the market for tableware and kitchenware ceramics has changed significantly over the past 10 years. Other UK manufacturers have been far more proactive in meeting the needs of the changing market and in this highly competitive market we are currently unable to compete on the basis of price. However, JBD has always had a reputation for the production of high quality products and many of our UK and foreign customers have been prepared to pay a slightly higher price for a more premium product"
The fall in UK sales and profits of JBD Company is mainly due to increased competition from cheaper imports from countries such as China and the UK's decision to leave the EU which has seen a 12% increase in tariffs for its exports into EU countries.
Additionally, human resource issues, such as high labor turnover, absenteeism, and a decrease in on-the-job training, have contributed to the decline in company profitability.
Rachel, during the March 2022 Board meeting, stated that unless there were radical changes made to both production and marketing, sales and profits would continue to fall and the future of JBD as a major UK manufacturer of ceramics would be seriously compromised.Rachel said that JBD has relied too much on its existing products and existing markets and failed to prepare for the changes to our trade with European Union (EU) post-Brexit.
As a company, they need to recognize that the market for tableware and kitchenware ceramics has changed significantly over the past 10 years. Other UK manufacturers have been more proactive in meeting the changing market needs and JBD, as a company, is currently unable to compete on the basis of price. However, JBD has always had a reputation for the production of high-quality products and many of their UK and foreign customers have been willing to pay a slightly higher price for a more premium product. Thus, JBD should focus on diversifying their product range and increasing the level of investment in both production and marketing while maintaining their quality to compete effectively in the current highly competitive market.
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Please I need help on this Question! 10 POINTS***
Answer:
I would say answer number 3. Debit cards access money in your account and credit cards are like a loan.
Explanation:
My reasoning for this is debit card you have the amount you put on it no more and no less. With credit cards you can use money that you do not have and you can pay it back later.
please respond to all parts of the question below, each with its own section. a. do you think businesses should voluntarily undertake environmental efforts, beyond those required by law? why or why not? b. describe the sustainability management practices of a business firm with which you are familiar. which stage of the corporate environmental responsibility model best fits this firm, and why? looking again at this same firm, what steps might its managers take to improve its environmental performance? in answering this question, consider the various elements of effective environmental management.
a. Yes, I think businesses should voluntarily undertake environmental efforts beyond those required by law. There are several reasons for this:
Environmental degradation can have negative impacts on businesses, including increased costs due to natural disasters or regulatory fines, as well as reputational damage from negative public perception. By proactively addressing environmental issues, businesses can mitigate these risks and potentially even benefit from improved reputation and customer loyalty.Some environmental efforts may also have financial benefits for businesses, such as reduced energy costs from energy efficiency measures or the ability to sell excess renewable energy back to the grid.Businesses have a responsibility to operate in a way that takes into account the well-being of society and the environment. By proactively addressing environmental issues, businesses can demonstrate their commitment to sustainability and their broader role in society.b. One business firm that I am familiar with that has strong sustainability management practices is Patagonia, an outdoor clothing and gear company. Patagonia has a comprehensive environmental policy that includes commitments to reducing the environmental impact of its products and operations, as well as advocating for environmental causes.
To improve its environmental performance, Patagonia's managers could consider implementing additional sustainability initiatives, such as increasing the use of recycled materials in its products, implementing water conservation measures in its manufacturing processes, or increasing the use of renewable energy in its operations. Other elements of effective environmental management that Patagonia's managers could consider include setting clear environmental goals and targets, engaging with stakeholders (including employees, customers, and suppliers) on environmental issues, and reporting transparently on the company's environmental performance.
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our nonverbal communication includes all of the following except:
a. posture b. tone of voice
c. gestures d. facial expressions e. the job application
Our nonverbal communication includes posture, tone of voice, gestures, and facial expressions except in job applications.
Nonverbal communication refers to communication without words, such as body language, gestures, facial expressions, and tone of voice. The job application is a written form of communication and is not considered nonverbal communication.
What are the six examples of nonverbal communication?
Smiling, raising your eyebrows, and furrowing your brow are all examples of facial expressions that can communicate a lot about the way you are feeling in the moment. There are also a variety of contexts in which facial expressions play an important role in non-verbal communication.
Hence, the right answer is option E. The job application.
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which part of our body is affected by plogue pose?
Answer:
spine and shoulders are affected
The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.
Plow PoseIt is a stretching exercise which keeps your body fit and flexible.
Doing stretching exercise regularly benefits the body mucles and tendons.
The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.
This pose affects our spine and also our shoulders.
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Is South Korea one of the fastest-growing Asian country
Answer:
yes, it is
Explanation:
It has one of the largest economies in the world
EPA is part of how to avoid this type of risk?
compliance
operational
strategic
financial
Answer:
A.compliance
Explanation:
In a general admission event with tickets, which method is used to allocate the best locations to experience the event?a. commandb. personal characteristicsc. first-come, first-servedd. contest
first-come, first-served is the method is used to allocate the best locations to experience the event
What does the first come first serbed method mean?In a general admission event with tickets, the method typically used to allocate the best locations to experience the event is "first-come, first-served." This means that the attendees who arrive first at the event venue are given the first opportunity to choose their preferred seats or standing locations. The earlier they arrive, the more options they have for selecting the best locations to view the event. This method is fair and efficient and is commonly used for general admission events, such as concerts, festivals, and sports games.
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Indicate whether each account has a normal debit or credit balance. debit credit service revenue salaries expense accounts payable dividends
Service revenue and salaries expense accounts have a normal debit balance, while accounts payable and dividends have a normal credit balance. Keep in mind that this is a general guideline and specific transactions can affect the balances of these accounts.
Here's the breakdown of whether each account has a normal debit or credit balance: - Debit: Service revenue and salaries expense accounts. These accounts typically have a debit balance. Service revenue represents income earned, so it increases with debits. Salaries expense accounts record the company's expenses, so they also have a debit balance.
- Credit: Accounts payable and dividends. These accounts usually have a credit balance. Accounts payable represents the company's outstanding debts to suppliers or creditors, so it increases with credits. Dividends represent the distribution of profits to shareholders, which also increases with credits.
It's worth noting that the terms "debit" and "credit" are used in accounting to represent increases or decreases in accounts. Debit and credit balances depend on the type of account and the transactions recorded. Remember that the normal balance can change if there are specific transactions or adjustments made.
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which statement correctly applies to a real estate broker who represents both parties as a single agent in a transaction?
A real estate broker who represents both parties as a single agent in a transaction must disclose this fact to both parties and obtain their informed written consent before proceeding with the transaction.
A single agent in real estate represents the interests of one of the parties in a real estate transaction. This means that the agent is legally bound to work exclusively for one party's benefit. A dual agent in real estate represents both parties in a transaction. This means that the agent is legally bound to work for the benefit of both parties.
A real estate broker who represents both parties as a single agent in a transaction must disclose this fact to both parties and obtain their informed written consent before proceeding with the transaction. This is necessary to ensure that both parties understand and agree to the broker's role in the transaction.
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Given an actual demand of 69, a previous forecast of 64, and an alpha of .2, what would the forecast for the next period be using simple exponential smoothing?
Group of answer choices
36.9
57.5
60.5
65
65.5
The forecast for the next period using simple exponential smoothing would be 65. So, the correct answer is 65.
In order to calculate the forecast for the next period using simple exponential smoothing, we would need to use the following formula:
Ft+1 = α(At) + (1-α)Ft
where:
Ft+1 = forecast for the next period
α = smoothing constant (in this case, α = 0.2)
At = actual demand for the current period (in this case, At = 69)
Ft = forecast for the current period (in this case, Ft = 64)
Using these values, we can plug them into the formula and solve for Ft+1:
Ft+1 = 0.2(69) + 0.8(64)
Ft+1 = 13.8 + 51.2
Ft+1 = 65
Therefore, the forecast for the next period using simple exponential smoothing would be 65. This forecast takes into account both the actual demand for the current period (69) and the previous forecast for the current period (64), and it uses a smoothing constant (α) to give more weight to recent data points. By using simple exponential smoothing, we can create more accurate forecasts that can help businesses make more informed decisions about production, inventory, and other important factors. So, the correct answer is 65.
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The forecast for the next period using simple exponential smoothing with an alpha of .2 would be 65.5.
Simple exponential smoothing is a time series forecasting method that uses a weighted average of past observations to make a forecast. The weight given to each past observation is determined by the value of alpha, with larger values of alpha giving more weight to more recent observations. To calculate the forecast for the next period, we use the formula F_t = alpha * A_t-1 + (1 - alpha) * F_t-1, where A_t-1 is the actual demand in the previous period, and F_t-1 is the forecast for the previous period. Plugging in the given values, we get F_t = 0.2 * 69 + 0.8 * 64 = 13.8 + 51.2 = 65.5. Therefore, the forecast for the next period is 65.5.
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the metaphor the textbook choose to describe the relationship between organizational culture and project management is that of a riverboat trip. culture
Culture is the river and the project is the boat in the textbook describing the organizational culture and project management.
What is organizational culture and how does it affect project management?The attitudes, values, beliefs, and behaviors of an organization's workplaces where the culture is not supportive of it, project personnel, as well as its underlying presumptions, make up its culture. In management can occasionally be seen as an additional burden and disturbance to routine work.
In the absence of an effective project management office (PMO) and consistent organizational culture and practices across projects, project operations will differ from one project to the next as well as from one department to the next. The project culture of an organization largely impacts whether the projects it works on are successful or unsuccessful.
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Which situation is an example of direct taxation?
O A. A government charges a bank a fee on its deposits, so banks raise
rates for customers.
B. The government charges a tax on imports, which companies pass
on in the prices they charge buyers,
C. Businesses must send a portion of their income each year to the
government
D. Stores charge sales tax on each purchase and send that money to
the government
When Businesses pay a portion of their income to the government in the form of taxes, such a situation is an example of direct taxes. Therefore, (C) is the correct option.
What is Direct Taxes?Direct taxes are paid by the citizens directly to the government without any other stakeholder in between. there are majorly two types of direct taxes, corporate Tax, and Income tax.
Businesses pay corporate tax on their income, which is a form of direct tax.
Therefore, (C) is the correct option.
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A global start-up faces many management challenges including a. pressure to perform internally all primary activities of the value chain. b. hiring only from home country. c. communication and coordination across time zones. d. assuring financing from home country only.
Can ah budget include donations to charities
Answer:
A common rule of thumb for budgeting for charitable donations uses the concept of the 50/30/20 split for your budget. The other portion is for your wants: About 30 percent of your budget goes into this category, which might include vacations, gifts, or date nights.
Your cousin has just graduated from college and is starting her search for an apartment to rent. What are three steps you think she should take during her search?
When a person lives in a house or apartment of another person or the tenant on a contract basis is called rent.
The three steps that she should take during the rental apartment search is:
She should first know her location and the area very well. The location of the apartment matters for safety as well as convenient purposes. Secondly, she should know her budget well. Budgeting is very important as she is just a graduate and should filter the search accordingly.Lastly, the information about the owner or tenant must be known as it will help in the lease issues and will keep away from illegal problems.In these ways, she could search for the apartment.
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"The scope of market management depends on the size and nature of the business " . Justify the statement and critically analyse the current situation
Answer: Yes. The scope of market management depends on the size and nature of business.
Explanation:
The market management depends on various aspects of business and vise versa. It can happen both ways. Market management is the process of planning, decision making, controlling the marketing aspects of the company in terms with the goals and nature of the company. The type of marketing is determined by the size, nature and type of business. All these must go hand in hand to run a successful business.
Analyse the following trasaction for surprise Ltd. Using the concept of Accounting Equation comprising of Assets, Liabilities and Equity. 1. Commenced business with cash of ₹ 5,00,000
2. Purchased equipment for cash ₹ 2,00,000
3. Purchased furniture worth ₹ 50. 000 on credit from indimart
4. Purchased raw material for ₹ 25,000 against cash from xyz suppliers
5. Deposited cash of ₹ 1,25,000 in the current account
6. Sold goods for ₹ 75,000 and received a cheque against the same
The accounting equation for Surprise Ltd. will be Assets are ₹ 5,50,000, Liabilities are ₹ 50,000, and Equity are ₹ 75,000.
The accounting equation is Assets = Liabilities + Equity. Let's analyze each transaction and its effect on the accounting equation
Commenced business with cash of ₹ 5,00,000
Increase in cash (Asset) by ₹ 5,00,000
No effect on liabilities and equity
Assets = ₹ 5,00,000, Liabilities = 0, Equity = 0
Purchased equipment for cash ₹ 2,00,000
Decrease in cash (Asset) by ₹ 2,00,000
Increase in equipment (Asset) by ₹ 2,00,000
No effect on liabilities and equity
Assets = ₹ 3,00,000 (₹ 5,00,000 - ₹ 2,00,000), Liabilities = 0, Equity = 0
Purchased furniture worth ₹ 50,000 on credit from Indimart
Increase in furniture (Asset) by ₹ 50,000
Increase in accounts payable (Liability) by ₹ 50,000
No effect on equity
Assets = ₹ 3,50,000 (₹ 3,00,000 + ₹ 50,000), Liabilities = ₹ 50,000, Equity = 0
Purchased raw material for ₹ 25,000 against cash from XYZ suppliers
Decrease in cash (Asset) by ₹ 25,000
Increase in raw material (Asset) by ₹ 25,000
No effect on liabilities and equity
Assets = ₹ 3,50,000 (no change), Liabilities = ₹ 50,000 (no change), Equity = 0 (no change)
Deposited cash of ₹ 1,25,000 in the current account
Increase in cash (Asset) by ₹ 1,25,000
No effect on liabilities and equity
Assets = ₹ 4,75,000 (₹ 3,50,000 + ₹ 1,25,000), Liabilities = ₹ 50,000 (no change), Equity = 0 (no change)
Sold goods for ₹ 75,000 and received a cheque against the same
Increase in cash (Asset) by ₹ 75,000
Increase in equity (Capital) by ₹ 75,000 (assuming no expenses)
No effect on liabilities
Assets = ₹ 5,50,000 (₹ 4,75,000 + ₹ 75,000), Liabilities = ₹ 50,000 (no change), Equity = ₹ 75,000
Therefore, after all the transactions, the accounting equation for Surprise Ltd. will be
Assets = ₹ 5,50,000
Liabilities = ₹ 50,000
Equity = ₹ 75,000
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An individual who previously worked as a salaried corporate attorney loses his or her job. Subsequently, the individual now works as an hourly wage employee at a retail store. This individual has experienced which type of social mobility?.
This individual has experienced Vertical type of social mobility.
What is social mobility?Individuals, families, homes, and other groups of people migrate within or between social strata in a society, which is referred to as social mobility. It is a shift of social status in relation to one's current social position within a society.
The ability of people to migrate between socioeconomic strata during their lifetime and between generations is referred to as social mobility. [a] Individual results in nations with minimal social mobility are heavily influenced by their beginning point in life.
The link between a person's occupation or income and their parents' occupation or income is referred to as social mobility. There is less social mobility if there is a strong relationship. There is more social mobility where there is a weak connection.
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Which set of costs reflect the tradeoff of economic order quantity (EOQ)?
A. ordering and carrying costs
B.
fixed and variable costs
C. marginal and utility costs
D.
marginal and semi-variable costs
many employers recognize that past performance is the best indicator of future performance, so they conduct interviews. a. behavioral b. panel c. selection d. informational
Many employers recognize that past performance is the best indicator of future performance, so they conduct interviews. The answer is : a) behavioral interviews.
Behavioral interviews are a type of interview technique used by employers to assess a candidate's past behavior as an indicator of their future performance. In a behavioral interview, the interviewer asks specific questions about past experiences and actions in order to gauge how the candidate might respond in similar situations in the future.
By asking candidates to provide detailed examples of how they have handled specific situations or challenges in the past, behavioral interviews allow employers to assess the candidate's skills, competencies, and decision-making abilities.
Behavioral interviews typically focus on key competencies and skills relevant to the job, allowing employers to gather insights into the candidate's abilities to handle various work scenarios. The interviewer may ask questions such as "Tell me about a time when you faced a difficult deadline and how you managed to meet it," or "Describe a situation where you had to resolve a conflict within a team."
Overall, behavioral interviews help employers make more informed hiring decisions by evaluating a candidate's past performance and how it aligns with the requirements of the position.
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Coronado Industries uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $385,200 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,870. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,870, prepare the adjusting journal entry for bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount (b)
Answer:
A. Dr Bad debt expense $8,686
Cr Allowance for Doubtful account $8,686
B. Dr Bad debt expense $10,669
Cr Allowance for Doubtful account $10,669
Explanation:
(a) Prepararion of the adjusting journal entry to record bad debt expense for the year.
Dr Bad debt expense $8,686
Cr Allowance for Doubtful account $8,686
[(3%*$385,200)-$2,870]
(Being to record bad debt expense)
B.Preparation of the adjusting journal entry for bad debt expense
Dr Bad debt expense $10,669
Cr Allowance for Doubtful account $10,669
[(3%*$385,200)+$887]
(Being to record bad debt expense)
An economic principle states that the lower the price of a product, the greater the quantity consumers will wish to purchase. This principle is based on the critical assumption that
T/F The introduction of a presentation should take about 60 percent of the allotted time.
False, the introduction of a presentation should not take about 60 percent of the allotted time.
While the introduction of a presentation is essential for capturing the audience's attention and setting the tone for the rest of the talk, it is generally recommended that the introduction be kept concise and focused. The exact duration of the introduction can vary depending on factors such as the overall length of the presentation, the complexity of the topic, and the audience's familiarity with the subject matter. However, it is generally suggested that the introduction should be brief and take up a smaller portion of the total presentation time.
A lengthy introduction that takes up 60 percent of the allotted time can lead to an imbalance in the overall structure of the presentation. It may leave insufficient time for delivering the main content, addressing key points, providing examples, or allowing for audience engagement. Effective presentations often allocate a larger portion of the time to the main body of the talk, where the core message, supporting evidence, and key insights are presented in a clear and organized manner. A well-balanced presentation ensures that both the introduction and the main content receive appropriate attention, creating a cohesive and engaging experience for the audience.
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further from center has 10,900 shares of common stock outstanding at a price of $43 per share. it also has 250 shares of preferred stock outstanding at a price of $94 per share. there are 590 bonds outstanding that have a coupon rate of 6.2 percent paid semiannually. the bonds mature in 24 years, have a face value of $1,000, and sell at 105.5 percent of par. what is the capital structure weight of the preferred stock? multiple choice .4205 .0211 .0664 .0978 .5584
The capital structure weight of the preferred stock is approximately 0.0211 %. Option B is correct.
To calculate the capital structure weight of the preferred stock, we need to find the total market value of the preferred stock and the total market value of the company.
The total market value of the preferred stock is;
250 shares x $94 per share=$23,500
The total market value of the common stock will be;
10,900 shares x $43 per share = $469,700
To find the total market value of the company, we also need to calculate the market value of the bonds. The market value of the bonds is;
105.5% x $1,000 x 590 bonds = $623,450
The total market value of the company will be;
$23,500 + $469,700 + $623,450 = $1,116,650
The weight of the preferred stock in the company's capital structure is the proportion of the total market value that is represented by the preferred stock;
Preferred stock weight = Total market value of preferred stock/Total market value of the company
Preferred stock weight = $23,500 / $1,116,650
Preferred stock weight = 0.0211 or 2.11%
Hence, B. is the correct option.
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--The given question is incomplete, the complete question is
"Further from center has 10,900 shares of common stock outstanding at a price of $43 per share. it also has 250 shares of preferred stock outstanding at a price of $94 per share. there are 590 bonds outstanding that have a coupon rate of 6.2 percent paid semiannually. the bonds mature in 24 years, have a face value of $1,000, and sell at 105.5 percent of par. what is the capital structure weight of the preferred stock? multiple choice A) 4205 B) .0211 C) .0664 D) .0978 E) .5584."--
Prepare a monthly and yearly budget for Bill and Maura Jones based on the following information. They plan
on putting $50 into a college fund.
Net paychecks total = $1,555 monthly
Average monthly expenses:
Rent
$450
Utilities
$ 80
Gasoline
$ 70
Insurance
$ 90
Clothing
$ 50
Groceries
$300
Car payment $190
Car Maintenance
$ 50
Telephone
$ 25
Entertainment and Recreation $100
Gifts and donations $ 10
Personal care
$ 25
Miscellaneous $ 50
Savings - To be determined
Answer:
it is c on usa
Explanation:
The Jones have monthly income of $ 3,110, expenses of $ 1,540, and savings of $ 1,570. In turn, the Jones have annual income of $ 37,320, expenses of $ 18,480, and savings of $ 18,840.
To establish an annual and monthly budget for the Jones, taking into account the expenses raised, the following calculation must be performed:
All the expenses must be added, and thus the monthly budget is obtained. It must be multiplied by 12 to obtain the annual budget. 50 + 450 + 80 + 70 + 90 + 50 + 300 + 190 + 50 + 25 + 100 + 10 + 25 + 50 = X 1,540 = X 1,555 x 2 = 3,110 3,110 - 1,540 = 1,570
Thus, the Jones have monthly income of $ 3,110, expenses of $ 1,540, and savings of $ 1,570.
3,110 x 12 = 37,320 1,540 x 12 = 18,480 1,570 x 12 = 18,840
In turn, the Jones have annual income of $ 37,320, expenses of $ 18,480, and savings of $ 18,840.
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How does Ana spend her time in seedfolks?
Answer:
B
Explanation:
Got it right on edg 2020
What is a disadvantage to online
banking?
security breaches can
happen and compromise
your personal information
it makes you use your
computer
it prevents you from
having to go to the
ATMto deposit
money
it is convenient
One major disadvantage of online banking is the potential for security breaches and the compromise of personal information. Since online banking involves transmitting sensitive information over the internet, such as account numbers, passwords, and social security numbers, there is always a risk of that information being intercepted by hackers or other unauthorized individuals.
Additionally, online banking may require the use of a computer or mobile device, which can be inconvenient for those who do not have easy access to such devices or who prefer to conduct their banking in person. Finally, while online banking may be convenient for many people, it does not allow for the same level of personal interaction with bank representatives as traditional banking methods, which can be a disadvantage for those who prefer to have a more personalized banking experience.