1098 units are found to be the number of units required annually for the two operations to Break even point.
Break even point in the point where total cost of both operation is equal.
Let the number of units be x.
$6000 + $51 x = $ 51000 + $10x
41x=45000
x = 1097.56= 1098.
Hence the number of units per year necessary are 1098 units
By comparing the market price of an asset to its initial cost, the break-even point (break-even price) for a trade or investment can be identified. The break-even point is reached when the two prices are equal.
In corporate accounting, the break-even point is calculated by dividing Break even point the total fixed production costs by the revenue per unit less the variable production costs per unit. Fixed costs in this context relate to expenses that are constant regardless of the quantity of units sold. The production level at which total sales for a product equal total expenses is known as the break-even point.
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effective financial managers evaluate customers' ability to pay for merchandise purchased on credit.
This statement is True, effective financial managers evaluate customers' ability to pay for merchandise purchased on credit.
Credit is the consider which permits one birthday celebration to provide money or assets to another celebration in which the second celebration does no longer reimburse the first birthday party without delay (thereby generating a debt), however, guarantees both to pay off or return those assets (or other substances of identical price) at a later date. In different phrases, credit is a method of making reciprocity formal, legally enforceable, and extensible to a massive organization of unrelated human beings.
The assets provided may be monetary (e.g. granting a loan), or they will consist of goods or services (e.g. customer credit). credit score encompasses any shape of deferred payment. a credit score is prolonged by a creditor, also referred to as a lender, to a debtor, additionally known as a borrower.
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a ceiling on a credit card is determined by the borrower and is the dollar amount that they want to borrow using the cash advance provision on their credit card.
A ceiling on a credit card is determined by the borrower and is the dollar amount that they want to borrow using the cash advance provision on their credit card. This statement is false.
Which of the following investments would offer a source of income that is the most stable?Government and corporate bonds are examples of fixed-income investments that can offer a consistent, predictable source of income, frequently with lower risk than other types of investments. Fixed-income assets are the foundation of a well-diversified investment portfolio, along with equities and stock mutual funds.
Issues of revenue bonds that call for the issuer to accrue or reserve a portion of annual revenue for use in redeeming bonds prior to maturity, frequently much earlier than ordinary call dates. The sinking fund is the name given to the set-aside funds.
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which of the following are possible effects of restricting the output of a particular good or service? (choose all that apply)
Possible effects of restricting the output of a particular good or service
-Consumers can only enjoy a smaller amount of that product.
-Consumers are spending less on other goods.
What is Consumer?
A consumer is an individual or a group that is not directly involved in entrepreneurial as well as business activities and who intends to order as well as utilises buying products, products, as well as services primarily for individual, social, family, or household needs. The phrase is most frequently used to describe someone who makes purchases for their own use. On March 15, 1962, President John F. Kennedy presented his definition of "consumers" to the US Congress. He stated that "consumers, by definition, are including us all."
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speech to seeks both agreement and action of the audience. the speaker urges audience members to continue to doing something, stop doing something, or never to begin doing something.
Speeches intended to persuade the audience aim to elicit both agreement and action. The speaker exhorts audience members to carry out their current actions, cease their current actions, or never start their current actions.
A persuasive speech is one that is given with the intention of convincing the audience to hold a certain belief or behave in a particular way. One of the 40 Famous Persuasive Speeches You Need to Hear is MLK's "I Have a Dream." Speech made by Queen Elizabeth I at Tilbury. Speech by Woodrow Wilson to Congress on April 2, 1917; song Ain't I A Woman by Sojourner Truth. Abraham Lincoln's Gettsyburg Address and Susan B. Anthony's Women's Rights to the Suffrage. These are not mutually exclusive in any way. There may be a number of objectives in mind while you prepare your presentation. You could try to inform while being entertaining, for instance.
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One of the requirements of regression analysis is that the independent variables shouldn't be related. How is multicollinearity defined? a. Multicollinearity implies that all the distributions of Y values have the same variance. b. Multicollinearity exists when independent variables are correlated. c. Multicollinearity means that all the independent variables are related to the dependent variable by linear function. b. Multicollinearity exists when independent variables are correlated.
The correct answer is b. Multicollinearity exists when independent variables are correlated.
What is Multicollinearity?
Multicollinearity is a statistical concept that refers to a situation where two or more independent variables in a regression model are highly correlated. This can be a problem because it can make it difficult to accurately determine the individual effects of the independent variables on the dependent variable. Multicollinearity can inflate the standard errors of the coefficients and lead to incorrect conclusions about the statistical significance of the coefficients. To identify multicollinearity, you can use statistical tests or look at measures such as the variance inflation factor (VIF).
According to the problem:
Multicollinearity occurs when two or more independent variables in a regression model are highly correlated. This can be a problem because it can make it difficult to accurately determine the individual effects of the independent variables on the dependent variable. When multicollinearity is present, the coefficients of the independent variables may be unstable and difficult to interpret. In addition, multicollinearity can inflate the standard errors of the coefficients, which can lead to incorrect conclusions about the statistical significance of the coefficients. To identify multicollinearity, you can use statistical tests or look at measures such as the variance inflation factor (VIF).
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mars inc. issues 5,000 shares of no par stock for $100,000. which of the following entries are required? (select all that apply.)
The required input is called the common stock credit, it is the correct choice for the statement "Mars Inc. issued 5,000 shares of no par value for $100,000."
Common stockThey are shares that are given to third parties on the stockholders' equity and assets of a company, in order to raise money and finance their projects, granting partial rights in decision-making and in obtaining dividends.
They are negotiable financing assets without maturity that represent a residual portion of the property of a company, a common share gives its owner rights over both the company's assets and the profits it generates, as well as to comment and vote on the decisions that are made.
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9 For international financial reporting, the accounting standard IAS 2 permits the use of either the FIFO or weighted average cost flow assumption, but prohibits the use of LIFO.
True or False
True. 9 For international financial reporting, the accounting standard IAS 2 permits the use of either the FIFO or weighted average cost flow assumption, but prohibits the use of LIFO.
First-in, first-out, or "FIFO," refers to the practice of recording sales of the oldest inventory goods first (but this does not necessarily mean that the exact oldest physical object has been tracked and sold). In other words, the expensed cost is the cost related to the inventory that was acquired initially. Even if a corporation utilizes FIFO for inventory management, it may nevertheless use the LIFO approach for accounting (i.e., for the actual storage, shelving, and sale of its merchandise). For instance, a business that sells a lot of perishable goods, like a chain of supermarkets, is likely to manage its inventory using the FIFO approach to make sure that items with earlier expiry dates are sold
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which of the following is a direct benefit of becoming more proficient at emotional intelligence at work?
You will be able to control your responses to challenging events as a direct result of improving your emotional intelligence at work.
If you have strong emotional intelligence, you will be able to appreciate your coworkers' efforts and hard work. Additionally, it strengthens the bonds between team members by fostering empathy for one another. You have a deeper understanding of your coworkers' jobs and the challenges they confront.
Because it can enhance your interpersonal relationships, both personally and professionally, emotional intelligence is significant. Motivation, self-awareness, self-regulation, empathy, and social skills are the five facets of emotional intelligence at work.
Emotional intelligence training is a collection of useful skills and knowledge that enables people to understand emotions with ease.
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funds held in bank accounts that can be withdrawn from banks at any time without advance notice are called deposits.
Funds held in bank accounts that can be withdrawn from banks at any time without advance notice are called demand deposits.
What is deposit?A deposit is money that you put into your bank account as funds. You have to put money in the bank to create savings and earn interest on it. Demand deposits are made on funds that can be withdrawn at any time. A fixed deposit is a long-term investment. The security deposit is also the amount of deposit that you pay when you take out a loan. Traditionally, there are four types of bank deposits in India: Current Accounts, Term Deposits, Savings Accounts and Time Deposits.A deposit is the amount of money you put into your bank account. There are two types of deposits: list deposits and time deposits. Funds market accounts include checking accounts, savings accounts and money market accounts. Term deposit accounts include Certificates of Deposit (CD) and individual retirement accounts.To learn more about deposit from the given link :
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JPAK manufactures and sells mountain bikes Classify each of the following costs as fixed or variable with respect to the number of bikes made Cost Variable Item a. Bike frames b. Bike brakes c. Sales commissions d. Bike handlebars e. Office rent f. Accountant salary g. Insurance h. Assembly worker wages i. Bike seats
Bike brakes costs as fixed or variable with respect to the number of bikes made Cost Variable Item .
Installing the best mountain bike brakes you can is recommended because they are unquestionably the most important control component on your bike. When riding off-road, disc brakes are essential. Concerningly, there is a wide range in performance across the board, and in addition to personality and power, there are numerous weight and cost factors to take into account when looking for the best mountain bike brakes for your bike. For more information on Bike Perfect's testing procedures and how our scoring system works, visit our how we test page. This author believes that SRAM makes the best brakes for most riders after testing every readily available set of mountain bike brakes on the market. The most latest Level is lightweight, extremely controllable, and e-MTB-proof.
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Which of the following costs are capitalized as an asset for an internally developed patent? (Select all that apply.)
Multiple select question.
research and development
accretion expense
legal fees
filing fees
Answer:1
1
1Explanation:
1
financial intermediaries transfer funds from savers to investors is another term for the central banks in a country
Financial intermediaries transfer funds from savers to investors is another term for the central banks in a country. An organization or person acting as a mediator between different parties to assist financial transactions is known as a financial intermediary.
Commercial banks, investment banks, stockbrokers, pooled investment funds, and stock exchanges are typical examples. Financial intermediaries use a range of loan, equity, or hybrid stake holding arrangements to redistribute otherwise uninvested cash to profitable businesses.
Financial intermediation is the process through which some assets or liabilities are changed into other assets or liabilities
As a result, financial intermediaries transfer money from savers with extra cash to those who need liquid money to carry out their desired activity (investors).
An organisation that enables the indirect flow of money between lenders and borrowers is known as a financial intermediary. In other words, savers (lenders) donate money to an intermediate organisation (like a bank), and that organisation distributes the money to spenders (borrowers). This might take the shape of mortgages or loans. Financial disintermediation is the practice of doing away with the middleman by lending the money straight through the financial markets.
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Use graphical analysis to show how each of the following would affect the economy first in the short run and then in the long run. Assume that the United States is initially operating at its full-employment level of output, that prices and wages are eventually flexible both upward and downward, and that there is no counteracting fiscal or monetary policy. Assume each event begins at the full-employment level of output. Because of a war abroad, the oil supply to the United States is disrupted, sending oil prices rocketing upward. Construction spending on new homes rises dramatically, greatly increasing total U S. investment spending. Economic recession occurs abroad, significantly reducing foreign purchases of U S. exports.
Construction spending on new homes rises dramatically, greatly increasing total U S. investment spending. An economic recession occurs abroad, significantly reducing foreign purchases of U S. exports.
In economics, a recession is a contraction of the business cycle in which there is a general decline in economic activity. A recession generally occurs when spending is widespread.
A recession will have its usual monetary and fiscal consequences. Short-term interest rates tend to fall as available credit becomes tighter. As companies try to cut costs, unemployment rises. This will lead to lower consumption rates and lower inflation rates.
A recession can be defined as a prolonged period of slow or negative real GDP (output) growth accompanied by a significant rise in unemployment. Many other economic indicators also weaken during recessions.
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the customer service manager in a retail company, is keen on ensuring customer satisfaction and loyalty. she sends follow-up mails to customers, gathers their responses to different products, and ensures that changes are made in the products accordingly. which of the following types of control does this scenario illustrate?
The customer service manager in a retail company, is keen on ensuring customer satisfaction and loyalty. she sends follow-up mails to customers, gathers their responses to different products, and ensures that changes are made in the products accordingly. She uses Feedback Control in this scenario.
From the question we are informed about The customer service manager in a retail company who sends a post-purchase questionnaire to all consumers who buy their products. She is interested in gathering data on product quality, customer service orientation, and customer satisfaction in this case, This is an example of feedback control.
The feedback control can be viewed as training of answering genuinely to clients when they leave input. For example, in the event that a client lay a whines about being cheated, The reaction of the organization could be a conciliatory sentiment as well as giving of a discount. Clients might give criticism in a circumstance by which they have an especially significant encounter
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An American company that sells consumer electronics products has manufacturing facilities in Mexico, Taiwan, and Canada. The average hourly wage, output, and annual overhead cost for each site are as follows:
Mexico Taiwan Canada
Hourly wage rate $1.50 $3.00 $6.00
Output per person 10 18 20
Fixed overhead cost $150,000 $90,000 $110,000
1. Given these figures, is the firm currently allocating its production resources optimally? If not, why do you think so? Consider output per person as a proxy for marginal product.
2. Suppose the firm wants to consolidate all of its manufacturing into one facility. Where should it locate? Is there any difference in treating cost information between (1) and (2)?
3. In deciding to consolidate its manufacturing into one facility, what are other factors the firm needs to consider? Please list and explain your reasons.
4. Nike outsources its manufacturing operation whereas New Balance does not. In terms of marginal productivity (output per person) and hourly wage rate, explain why New Balance did not outsource its production whereas Nike did briefly.
The company has not allowed its resources optimally. The optimal allocation will be to allocate resources in ratio of the respective MP/wage ratio. For example, highest in Mexico>Taiwan>Canada
It should consolidate it at Mexico because it is giving highest output per dollar input.
The company is required to consider the following resources:
1.Cost of raw material.
2.Availability of Raw material.
3.Utility cost.
4.Transportation costs etc.
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g if the pound appreciates, unit b will need dollars for loan payments, which would partially offset the effect of this appreciation on the revenue of unit b.
if the pound appreciates, unit b will need dollars for loan payments, which would partially offset the effect of this appreciation on the revenue of unit b. This statement is true.
An increase in the value of one currency in comparison to another is known as currency appreciation. For a variety of factors, including governmental policies, interest rates, trade balances, and business cycles, currencies appreciate against one another.
The rate directly relates to the base currency for purposes of currency appreciation. If the exchange rate rises to 110, one US dollar will now buy 110 Japanese yen, which will result in a gain in value.
Generally speaking, an increase or reduction in a rate always correlates to an increase or decrease in the value of the base currency, and the opposite is true for the quoted currency.
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On January 2, Chaz transfers cash of $60,000 to a newly formed corporation for 100% of the stock. In its initial year, the corporation has net income of $15,000. The income is credited to its earnings and profits account. The corporation distributes $5,000 to Chaz.
If an amount is zero, enter "0".
a. How do Chaz and the corporation treat the $5,000 distribution?
Chaz has a taxable dividend of $5000 and the corporation has a deduction of $0.
b. Assume instead that Chaz transfers to the corporation cash of $30,000 for stock and cash of $30,000 for a note of the same amount. The note is payable in equal annual installments of $3,000 and bears interest at the rate of 6%. No distributions are made during the year to Chaz. However, at the end of the year, the corporation pays an amount to meet the loan obligation (i.e., the annual $3,000 principal payment plus the interest due).
Determine the total amount of the payment and its tax treatment to Chaz and the corporation.
The corporate payment to Chaz totals $_________. Chaz has interest of $1800 and a note repayment of
$3000 of which $1800 is taxable to Chaz. The corporation has a deduction of $1800.
a. Chaz's taxable dividend is $14,535 and the company has a deduction of $0.
B. Corporate payments to Chaz totaled $15,504. Chaz has $5,814 in interest and $9,690 in bills paid, of which $5,814 is taxed to Chaz. The company deductible is $5,814
$96,900 x 6% = $5,814.
Dividend tax is a tax imposed by the state on dividends paid by companies to shareholders. Although the main tax liability is that of shareholders, companies may also be subject to tax liability in the form of withholding tax.
In most cases, dividend income is taxable. A taxpayer often receives a Form 1099-DIV for dividends one company has earned over $10. In addition, taxpayers must report that income on Schedule B of their federal income tax return if they receive more than $1,500.
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There is a ____ accuracy tolerance for amounts stated on the Loan Estimate and the actual closing costs if the consumer is allowed to shop for his/her own settlement service provider.
According to TRID, There is a 10% accuracy tolerance for amounts stated on the Loan Estimate and the actual closing costs if the consumer is allowed to shop for his/her own settlement service provider.
What is TRID?
TRID is a set of regulations that the Consumer Financial Protection Bureau (CFPB) is enforcing in an effort to eliminate some of the gaps that dishonest lenders have previously used to deceive customers. The mortgage information lenders must give to borrowers under TRID regulations, as well as when they must do so. The costs that lenders may charge and how these fees may alter when the mortgage matures are likewise governed by TRID regulations.
The initiative aims to assist borrowers in selecting a mortgage lender that has their best interests in mind by helping them better understand their mortgage options. All mortgage lenders must abide by TRID regulations as of 2015 when providing you with a mortgage or an estimate.
Because they cover material that customers should read and comprehend before making an offer on a home and agreeing to monthly loan payments, TRID guidelines are also frequently referred to as "Know Before You Owe" laws.
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You chose to upgrade the inventory management system. While this is definitely an important need, it doesn't impact customers shopping experiences directly, and the number of customer complaints continues to pile up. Next, you need to select an ERP provider that includes an inventory management, as well as other features such as pos that you will need to address down the road. The ERP you choose needs to meet all of your needs so that the different facets of the systems integrate smoothly. The number of ERP providers is overwhelming. Each seems to offer similar services and tools. You decide to focus on one indicator that will help you differentiate between the options. What factor do you prioritize? O Price O Level of support included
To integrate the ERP that will meet my all need, I will focus on those ERPs that has included support. The level of support would be a top priority and then the price will be the second priority when choosing the ERP.
To upgrade the inventory management system, with the ERP that will help in solving customer complaints. I will choose only that ERP which provides support. This support may be linked with ERP functionality, technical support, or customization according to our needs. When choosing the ERP for the organization, the level of support should be the top priority and price would be the second priority.
ERP is a type of software system that enables firms to automate, manage, and coordinate business activities to achieve the best performance. It can integrate a company's financials, operations, supply chain, commerce, manufacturing, reporting, and human resources function onto a single platform.
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alpine company issues $2.0 million, 10-year, 7% bonds at 99, with interest payable on december 31. the straight-line method is used to amortize bond discount. prepare the journal entry to record the sale of these bonds on january 1, 2022. (credit account titles are automatically indented when amount is entered. do not indent manually) date account titles and explanation debit credit jan. 1 etextbook and media list of accounts prepare the journal entry to record interest expense and bond discount amortization on december 31, 2022, assuming no previous accrual of interest. (credit account titles are automatically indented when amount is entered. do not indent manually) date account titles and explanation debit credit dec.3 31
alpine company issues $2.0 million, 10-year, 7% bonds at 99, with interest payable on december 31. the straight-line method is used to amortize bond discount. prepare the journal entry to record the sale of these bonds on january 1, 2022. than:
Cash 1,980,000
Disc on BP 20,000
BP 2,000,000
12-31
Int exp 142,000
Disc on BP 2,000
Cash 140,000
A bond is what?Governments and businesses both issue bonds as a means of raising capital. By purchasing a bond, you are essentially lending the issuer money. In exchange, they promise to repay you the face amount of the loan on a particular date and to make periodic interest payments along the way, typically twice a year.
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when a startup wants to offer stock on the stock market, they go from a private to a public company. t/f
When a startup wants to offer stock on the stock market, they go from a private to a public company---- True
What is it called when a company goes public?
When a private company goes public for the first time, the process is known as an initial public offering (IPO). Essentially, an IPO means that the ownership of a company changes from private to public.
What pricing method will be used for the public offering of shares?An IPO, or initial public offering, is the process by which a privately held company purchases its shares to the public. The stock or stock price to be sold must be determined prior to commencing the IPO. This can be done by fixed cost method or book building method.
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The chart shows the marginal cost of producing apple pies. This chart demonstrates that the marginal cost initially decreases as production increases. Initially increases as production increases. Eventually decreases as production increases. Eventually increases as production decreases.
The marginal costs will keep rising, pushing up the overall cost, while the marginal revenue will stay flat, pushing down the profit.
Define Marginal Cost.The marginal cost, or price of producing more, is the variation in total cost that results from increasing the quantity produced in economics. The increased total revenue produced by increasing product sales by one unit is known as marginal revenue and is a key topic in microeconomics.
Profit in economics is the difference between the revenue generated by an economic entity's outputs and the sum of its input costs. It is equivalent to total income less total expenses, which includes both direct and indirect expenses.
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which of the following internet-based marketing research methods is most liley to raise an ethical issue regarding the users right to privacy
The following internet-based marketing research methods is most liley to raise an ethical issue regarding the users right to privacy is cookies.
Legally, the proper of privacy is a fundamental regulation which includes: The proper of persons to be free from unwarranted publicity. Unwarranted appropriation of one's character. Publicizing one's non-public affairs with out a valid public situation.
The proper to privacy is an detail of numerous prison traditions that intends to restrain governmental and private actions that threaten the privateness of people. Over a hundred and fifty country wide constitutions mention the proper to privateness.
Privateness gives us the power to pick out our mind and feelings and who we share them with. privacy protects our facts we do not need shared publicly (which includes health or non-public price range). privacy allows guard our bodily safety (if our real time location facts is private).
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Which of the following is a Financial incentive?
Stock incentive is a financial incentive. The correct answer would be option B.
Money is offered by a person, business or institution as a financial incentive to promote particular behaviors or actions. A financial incentive could be a monetary benefit that a business provides to its clients or staff. The phrase can also be used to describe rewards intended to persuade members of the public to assist or provide information. Employers use financial incentives as a way to boost employee loyalty and efficiency. Financial incentives include things like commissions, raises, bonuses, stock options and profit sharing.Employees may receive bonuses from their employers in addition to their base pay. Bonuses typically happen once a year, once a month, or once every three months. Depending on the level of sales and profitability, employees receive additional pay.
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Full question: Which of the following is a Financial incentive?
A. Promotion
B. Stock incentive
C. Job security
D. Employer participation
a tariff is most likely to__________ prices and_______ consumption of the good or service being protected.
A tariff is a tax that a government imposes on goods and services that are imported from other nations in order to raise prices and reduce the appeal of imports or at the very least their competitiveness, compared to domestic products and services.
By imposing a levy on imported products that are paid by the domestic importer, tariffs raise the cost of goods and services in domestic markets. The domestic importer then raises the pricing for the products and services to meet the additional expenses.
Producing cash, protecting domestic industries, and balancing trade are the three major goals of tariffs. The fact that tariff money is used by governments as a source of finance leads to the creation of the revenue function.
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which of the following are accurate regarding the recognition and de-recognition of assets and liabilities with the current rate method?
The following are accurate regarding the recognition and de-recognition of assets and liabilities with the current rate method:
New assets and liabilities are recognized using the current rate at the time of the transaction.
Existing assets and liabilities are de-recognized using the current rate at the time of de-recognition.
In its simplest shape, your balance sheet can be divided into categories: property and liabilities. assets are the gadgets your employer owns that can offer future monetary gain. Liabilities are what you owe other parties. In short, belongings placed cash on your pocket, and liabilities take cash out!
Assets are what a enterprise owns and liabilities are what a enterprise owes. both are listed on a employer's stability sheet,
Liabilities are the money owed you owe to different parties. A liability may be a mortgage, credit score card balances, payroll taxes, debts payable, fees you haven't been invoiced for but, lengthy-term loans (like a loan or a business loan), deferred tax payments, or a long-time period lease.
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investors commercial property corporation obtains an insurance policy that protects against any losses incurred as a result of existing claims against or liens on certain property at the time of its purchase. this is casualty insurance. fire insurance. life insurance. title insurance.
Investors Commercial Property Corporation obtains an insurance policy that protects against any losses incurred as a result of existing claims against or liens on certain property at the time of its purchase. This is title insurance.
A commercial property is a property that is used solely for business purposes. This could include office buildings, retail storefronts, warehouses, and more. Commercial properties are typically larger and more expensive than residential properties, and they often come with special zoning regulations.
It is important to choose the right investors for your business. You want to find investors who share your vision for the company and who are willing to support your growth. You also want to make sure that you are getting the best
Hence, the correct option is "FOURTH".
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robert capa and henri cartier-bresson felt that it was important to form the independent photo agency named magnum because:
Robert Capa and Henri Cartier-Bresson felt that it was important to form the independent photo agency named magnum because: to reflect their independent natures as both people and photographers
What is independent?An independent person is someone who does not rely on others for money, help, or emotional validation.It is a person with healthy self-esteem and healthy self-esteem. This means you don't need validation from others to make decisions and feel good about yourself.Being independent gives you the opportunity to care for yourself emotionally, physically, and financially.As a result, you are in a better position to enrich others. This will increase your happiness, increase your sense of belonging, give you purpose, and increase your satisfaction with life.In contrast, the independent self-concept is the extent to which people see themselves as separate and distinct from others and the social world.Excessive independence may be related to past trauma. For example, they may be overly independent because they have learned that they cannot trust others and can only rely on themselves. Your very independent trait may have evolved to protect you from further harm.To learn more about independent from the given link :
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Bruce is a single father with 1 child. He can work as a bagger at the local grocery store for $7 per hour up to 1,200 hours per year. He is eligible for welfare, and if he does not earn any income, he will receive $15,000 a year. If Bruce works, the government policy is to deduct 60 cents from his welfare stipend for every $1 that he earns in income. With this policy in place, if Bruce works 600 hours, his income will be Hint: Think through what different components will contribute to income in this scenario. O $16.440 O $16,680 O $15,000 O $3,600 Question 14 2 pts When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a O moral risk O moral hazard O hazard risk O risk
Previous question
The government's policy is to take 60 cents from Bruce's welfare payment for every dollar he makes in income if he works. If Bruce works 600 hours under this strategy, his income will be $16,680. The right response in this case is option B.
Bruce works at a local grocery store for = $7 per hour
Total hours in year = 1200 hours
If he does not work his welfare income would be = $15,000 per year
The government tends to deduct for every $1 = 60 cents if Bruce works
If bruce works with this welfare income at = 600 hours
Firstly, Bruce's Gross Income:
Gross Income = 600 hours x $7 Per hour Gross Income = $4,200
Now when government deducts 60 cents, thus;
Government Deduction = 60% of gross income
Government Deduction = 4,200/100 × 60
= 42 x 60
Government Deduction = $2,520
Therefore, Bruce's Income Will Be:
Bruce Income = Welfare income + Gross income - Government deduction
= $15,000 + $4,200 - $2,520
= $19,200 - $2,520
Bruce Income = $16,680
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A common mistake people make in retirement planning is:
a. planning too early.
b. saving too little
c. spending too little.
d. starting too early.
e. investing too aggressively.
A common mistake people make in retirement planning is investing too aggressively.
Hence, option D is correct
What do you mean by retirement?
Retirement refers to the period of a person's life when they decide to permanently leave their job and work-life behind. It is typically a time of transition, when a person moves away from their career and into a more relaxed lifestyle. Retirement can be voluntary or involuntary, and can be planned for or unexpected. It is a significant life event that can bring about a range of emotions, from excitement to anxiety. Retirement is an important milestone that marks the end of one chapter and the beginning of another.Types of retirement includesTraditional Retirement. Semi-Retirement. Temporary RetirementTherefore, the planning and investment needs to be done carefully.
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