b) State the minimum monthly income and hourly wage per worker needed to cover monthly expenses for the family you used in part a. Then, explain how to calculate the hourly wage based on the monthly income and state the hourly wage. Assume that each full-time worker works four 40-hour work weeks per month, and each part-time worker works two 40-hour weeks per month.
Answers
Answer:
Minimum monthly income for a full-time employee[tex]= \$ 7,846.40[/tex]
Minimum monthly income for a part-time employee[tex]= \$ 7,846.40[/tex]
Per hour for a full-time employee[tex]=\$49.04[/tex]
per hour for a part-time employee[tex]=\$98.08[/tex]
Explanation:
To accurately answer this question, let's review the facts provided.
A family of two adults and three children in the Modesto metro region pays [tex]\$ 7,846[/tex] a month.A full-time worker is someone who works 40 hours per week for 4 weeks each month.A part-time worker is someone who works 40 hours a week for 2 weeks a month.Consider calculating the worker's minimum monthly income as well as his or her average hourly compensation.
Hourly wage of a full-time worker:
[tex]= \frac{Monthly\ costs}{160}=\frac{7,846}{160}=\$ 49.04[/tex]
Minimum monthly income for a full-time worker: [tex]= Hourly\ wage \times 160=\$ 7,846.40[/tex]
Hourly pay for a part-time worker:
[tex]=\frac{Monthly\ costs}{80}=\frac{7,846}{80}=\$98.08[/tex]
Minimum monthly income for a part-time worker:[tex]= Hourly \ wage \times 80=\$ 7,846.40[/tex]
Related Questions
Electronic Wonders reports net income of $96,500. The accounting records reveal Depreciation Expense of $50,200 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $38,500, $23,900, and $20,400, respectively. Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.)
Answers
Answer:
$152,500
Explanation:
Preparation of the operating activities section of Electronic Wonders' statement of cash flows using the indirect method
Cash flows from operating activities:
Net Income $96500
Adjustments for noncash effects:
Depreciation expense $50,200
Changes in current assets and current liabilities:
increase in accounts payable $23,900
Increase in income tax payable $20,400
Less Increase in prepaid rent ($38,500)
Net cash flows from operating activities $152,500
Therefore the operating activities section of Electronic Wonders' statement of cash flows using the indirect method is $152,500
Suppose the marginal cost curve in the short run first decreases, then reaches a minimum, and then increases. If we are at an output where marginal cost is increasing, then: Question 5 options: a) marginal product must be increasing. b) marginal product must be decreasing. c) average total cost must be increasing. d) average variable cost must be increasing.
Answers
Answer:
b) Marginal product must be decreasing.
Explanation:
b) Marginal product must be decreasing.
The relationship between the marginal product and the marginal cost is negative which means if the marginal cost increases then the marginal product must fall. If the marginal cost decreases then the marginal product must increase. Therefore, option "b" that states marginal product decreases is the correct answer.
7. Priscilla took out a loan for a new car. What is MOST likely to be TRUE about this process?
Answers
Answer: D. The bank will hold the title of the car until her loan is paid off.
Explanation:
When a person uses a car loan to buy a car, the car itself is also used as collateral which means that if the person defaults on the loan, the bank is allowed to repossess the car.
In order to do this, the bank will hold the title of the car until the borrower is able to pay off the loan. Only then is the title properly transferred to the owner who is this case is Priscilla.
Product differentiation by incumbents act as an entry barrier because a. incumbents will take legal action if new entrants do not differentiate their products. b. it helps a firm to derive greater economies of scale. c. new entrants cannot differentiate their products. d. new entrants will have to spend heavily to overcome existing customer loyalties.
Answers
Answer:
d. new entrants will have to spend heavily to overcome existing customer loyalties.
Explanation:
When the product is different and can be recognized by an incumbent so the same should be acted as the entry barrier as the new entrants should spend more amount so that they would able to overcome the loyalties of the customer that are pre-existed in the market
So according to the given situation, the option d is correct
And, the remaining of the options should be incorrect
Product differentiation by incumbents act as an entry barrier because new entrants will have to spend heavily to overcome existing customer loyalties. Hence option D is correct.
Product differentiation by incumbents can act as an entry barrier for new competitors because established firms have already built brand loyalty and customer relationships. This makes it difficult for new entrants to attract customers away from the existing offerings.
To overcome this barrier, new entrants would need to invest significantly in marketing, advertising, and promotion to differentiate their products and create their own customer base. This can require substantial financial resources and marketing efforts to establish brand recognition and gain customer trust and loyalty.
Learn more about product differentiation here:
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Profession in medical are not practice for money but for public welfare? Do you support this statement? Explain.
please help me
Answers
Answer:
Explanation:
if a Doctor decrease his price than poor people can get a better health care for them it
An electronics store located in Los Angeles, California, purchases electronics from an electronics corporation located in San Antonio, Texas. On January 19, the electronics store mailed to the corporation an order for $200,000 worth of electronics, specifying that delivery was to be no later than February 25, F.O.B. South Texas Railroad Depot, San Antonio, Texas. The corporation delivered the electronics to the railroad depot on February 15 and notified the electronics store by fax that its order was scheduled to arrive at the Southern Pacific Railroad Depot in Los Angeles on February 20. On February 17, the corporation learned that the electronics store was insolvent. The corporation demands immediate payment in cash for the electronics. Is this demand permissible
Answers
Answer: Yes because the electronics store is insolvent.
Explanation:
Since the corporation learned that the electronics store was insolvent, and the corporation demands immediate payment in cash for the electronics, the demand is permissible because the electronics store is insolvent.
In this case, the electronic store is insolvent and therefore, unable to pay the debts that are owed and therefore, the demand is permissible in this case.
PLS HELPPP FASTTT!!!! Which of the following is not consistent with the efficient market hypothesis?
a. Stock prices should follow a random walk.
b. Index funds should typically outperform highly managed funds.
c. News has no effect on stock prices.
d. There is little point in spending many hours studying the business pages looking for undervalued stocks.
Answers
Answer:
c. News has no effect on stock prices.
Explanation:
A foreign exchange market can be defined as a type of market where the currency of a country is converted to that of another country. For example, the conversion of the United States of America dollars into naira, rands, yen, pounds, euros, etc., at the foreign exchange market.
Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.
The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis which states that, asset (share) prices reflect all information and it is very much impossible to consistently beat the market. Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.
According to the efficient market hypothesis, News has an effect on
the prices at which a stock is sold because it affects demand and supply.
Historically, investments in the ________ have experienced the greatest returns.
Bond market
Real estate market
Stock market
Money market
Answers
Answer:
C. Stock market.
Explanation:
Stock market have experienced the greatest returns, even tho they are long term. ♥
A plaintiff sued a defendant in a patent infringement suit. To sustain his claim, the plaintiff was required to demonstrate the formula for a common chemical compound. The plaintiff produced three well-known chemistry texts containing explanations of the formula and asked the court to take judicial notice of the formula for the compound. Must the trial judge take judicial notice of the formula
Answers
Answer:
Yes
Explanation:
A judicial notice is defined as a rule concerning recognition not evidence by a court where a fact that is very well known and attested that there is no room for doubting the fact.
There is no need for formal presentation of evidence.
I'm the given scenario the plaintiff produced three well-known chemistry texts containing explanations of the formula and asked the court to take judicial notice of the formula for the compound.
Since the formula is well known and even contained in well known chemistry texts, the court should take judicial notice of the formula
what is accounting in entrepreneurship
Answers
Answer:
Definition: A business's bookkeeping system that tracks the money coming in vs. the money going out. Aside from every business owner's inherent desire to stay in business, there are two other key reasons to set up a good bookkeeping system: 1.
Define service level. Multiple choice question. It is the ratio between average inventory and the level of sales. It is the measure of how well the objective of meeting customer demand is met. It is the number of days of business operations that can be supported with the inventory on hand. It is an event that occurs when no inventory is available.
Answers
Answer:
It is the measure of how well the objective of meeting customer demand is met.
Explanation:
Which statement best describes the outlook for small businesses in international markets? Multiple Choice The world is a larger, and potentially a more lucrative market than the U.S. domestic market. Most foreign buyers prefer to deal with large, well-known corporations rather than small businesses. Higher business costs eliminate the profit opportunities in global markets. The threat of terrorist activities prevents small businesses from competing internationally.
Answers
Answer:
The correct option is "The world is a larger, and potentially a more lucrative market than the U.S. domestic market."
Explanation:
An international market can be described as a market that exists outside of a company's home country's international borders. This is different from a domestic market that is located within company's own country.
The international market comprises of the whole world or all the countries in the world. As a result, the international market is larger and more profitable than the domestic market for small businesses.
Therefore, the correct option is "The world is a larger, and potentially a more lucrative market than the U.S. domestic market."
Capital has diminishing returns in the Solow model, but ideas do not have diminishing returns in the Romer model because Group of answer choices capital is scarce, but new ideas are not scarce. capital is a rival object, but ideas are non-rival. capital depreciates because it is a physical object, but ideas cannot depreciate because they cannot physically break over time. capital is excludable, but ideas are non-excludable.
Answers
Answer:
capital is a rival object, but ideas are non-rival.
Explanation:
The ideas are non rivalrous and have no restrictions on their return.The master budget of Swifty Corporation shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $630000 Machine supplies 90000 Indirect materials 120000 Depreciation on factory building 60000 Total manufacturing overhead $900000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of
Answers
Answer:
$1,068,000
Explanation:
The computation of the total manufacturing overhead cost should be
Total variable manufacturing overhead for 50,000 machine hours is
= Indirect labor + Machine supplies +Indirect materials
= 630,000+90,000+120,000
= $840,000
Now
Variable manufacturing overhead per machine hour is
= Total variable manufacturing overhead cost ÷ Number of machine hours
= $840,000 ÷ 50,000
= $16.80
And,
Total variable manufacturing overhead for 60,000 machine hours
= Variable manufacturing overhead per machine hour × 60,000
= $16.80 × 60,000
= $1,008,000
Now the total manufacturing overhead cost should be
= 1,008,000 + 60,000
= $1,068,000
Social commerce is ______. Multiple choice question. browsing for or trying a product in a physical store but buying it online advertising within social networks to promote goods and services recommending a product to a personal connection in exchange for a discount the use of social networks for browsing and buying products
Answers
Answer:
D. the use of social networks for browsing and buying products
Explanation:
A. browsing for or trying a product in a physical store but buying it online
B. advertising within social networks to promote goods and services
C. recommending a product to a personal connection in exchange for a discount
D. the use of social networks for browsing and buying products
Social commerce is the use of social networks for browsing and buying products
Commerce means means the exchange of goods and services between the seller and the buyer.
Social means the gathering where people of different ages, cultures gets to meet each other. There different social networks where people meets on the internet.
Therefore, social commerce is the use of social network for buying and selling of products. The buyer gets to browse different products and order from the seller. The delivery of ordered products could be door step delivery or the buyer picks the product up at a pick up station.
which of the following strategies for conflict managment assumes that many conflicts are win-win conflicts
Answers
Answer: resolving
Explanation:
Conflict resolution refers to the process whereby two or more parties find a peaceful solution to a conflict. There are several ways to resolve conflict such as arbitration, negotiation, and mediation.
Resolving of a conflict is a win-win situation for both parties. This is because both parties eventually have a satisfactory outcome.
All of the following are true regarding a decreasing term policy EXCEPT
A. The payable premium amount steadily declines throughout the duration of the contract.
B. The death benefit is $0 at the end of the policy term.
C. The contract pays only in the event of death during the term and there is no cash value.
D. The face amount steadily declines throughout the duration of the contract.
Answers
The statement "The payable premium amount steadily declines throughout the duration of the contract" is not true in the context of decreasing term policy.
To know that which statement is not true, we will the facts associated with 'Decreasing Term Policy';
The insurance amount keeps reducing with the policy's life at a rate which is previously decided at the time of insurance.The amount paid in premium remains stable across the duration of the insurance. Such a policy pays a non-consolidated amount if the insurer dies prior to the maturity of the agreed term.Thus, this shows that option A asserts a false claim regarding 'Decreasing Term Policy.'
Learn more about 'Decreasing Term Policy' here:
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Which of the following should be included in the acquisition cost of a piece of equipment?
Answers
Answer: All of these choices are correct.
Explanation:
You didn't give the options to the question. The options include:
testing costs prior to placing the equipment into production
transportation costs
installation costs
All of these choices are correct.
Acquisition cost, is the total cost that is recognized by a company on its books for the purchase of an asset. These costs include the transportation cost, installation cost, shipping cost, testing costs, sales taxes, customs fees, etc.
Therefore, based on the explanation, the correct option is All of the choices are correct.
Feel Good Inc. is a multinational sports goods manufacturer that uses a different strategy in each of its subsidiaries and operations. Moreover, all decision-making is decentralized, which leaves the company open to the threat of opportunistic behavior. Since the expatriate managers do not rely on headquarters expertise, there is also an asymmetry in the transfer of information and specialized knowledge. In the context of the four international strategies proposed by Bartlett and Ghoshal, Feel Good Inc. uses a(n) _____.
Answers
Answer:
multidomestic strategy.
Explanation:
It is correct to state that in the context of the four international strategies proposed by Bartlett and Ghoshal, Feel Good Inc. uses a multi-domestic strategy, which occurs when a company uses several different marketing strategies according to the location where it operates.
Feel Good Inc uses a multi-domestic strategy because the statement tells us that the company uses a different strategy in each of its subsidiaries and operations, and that decision-making is decentralized.
This strategy can be advantageous for adapting the marketing campaign to the needs and desires of a specific target audience in a place. To be effective, market research, population study and market segmentation must be carried out.
The following happened in a recent M&A transaction:
PP&E of the target company was increased from its original book basis of $650 million to $800 million to reflect fair market value for book purposes in accordance with the purchase method of accounting.
No "step-up" for tax purposes
Original tax basis of $650 million
Assuming a corporate tax rate of 35%, for book purposes, the company should record the following:
A. A deferred tax liability equal to $280 million
B. A deferred tax asset equal to $280 million
C. A deferred tax liability equal to $52.5 million
D. A deferred tax asset equal to $52.5 million
Answers
Answer: D. A deferred tax asset equal to $52.5 million
Explanation:
Original book basis of PP&E = $650 million
Fair market value = $800 million
Then, we calculate the difference between the fair market value and the original book value which will be:
= $800 million - $650 million
= $150 million
Then, the deferred tax liabilities will be:
= 35% × $150 million
= $ 52.5 million
Therefore, assuming a corporate tax rate of 35% for book purposes, the company should record a deferred tax asset equal to $52.5 million.
Economists argue that: (1pts) Question 4 - Economists argue that: Select b) there is an opportunity cost associated with all decisions. as your answer b) there is an opportunity cost associated with all decisions. Select c) economic decisions do not have opportunity costs but other decisions do. as your answer c) economic decisions do not have opportunity costs but other decisions do. Select a) accounting costs consider all types of costs including implicit costs as your answer a) accounting costs consider all types of costs including implicit costs Select d) economic decisions should consider sunk costs as your answer d) economic decisions should consider sunk costs
Answers
Answer:
b) there is an opportunity cost associated with all decisions.
Explanation:
An opportunity cost represents a potential benefit for the individual and business. An opportunity coast shows business users the concept of education decisions. As they have multiple options before them. It is the value of what one looses over another value.Dermody Snow Removal's cost formula for its vehicle operating cost is $2,980 per month plus $328 per snow-day. For the month of December, the company planned for activity of 22 snow-days, but the actual level of activity was 20 snow-days. The actual vehicle operating cost for the month was $10,490. The spending variance for vehicle operating cost in December would be closest to:
Answers
Answer: $950 Unfavorable
Explanation:
Following the information given in the question, the budgeted operating cost will be calculated as the addition of the fixed cost and the variable cost given and this will be:
= $2,980 + ($328 × Level of activity)
= $2980 + ($328 × 20)
= $2980 + $6560
= $9540
Since the actual operating cost is $10,490, then the Spending Variance for the vehicle operating cost will be:
= Flexible Budget - Actual Budget
= $9,540 - $10490
= $950 Unfavorable
A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Purchase price of the land$690,000 Sale of salvaged parts already on land$20,000 Demolition of the old building$32,000 Ground-breaking ceremony (food and supplies)$1,800 Land preparation and leveling$8,300 What amount should be recorded for the purchase of the land
Answers
Answer:
Purchase of land $710,300
Explanation:
The computation of the amount that should be recorded for the purchase of the land is shown below:
Purchase Price of the land $690,000
Less: Sale of salvaged parts already on the land -$20,000
Add: Demolition of the old building $32,000
Add: Land preparation and leveling $8,300
Purchase of land $710,300
Tomorrow is my interview in Lucknow Public School for admission for 9th standard. Can anyone help me by giving some tips and tricks for passing my interview
Answers
Which of the following best explains the cause-and-effect relationships portrayed by the Balanced Scorecard? Multiple Choice Improvements in the Process perspective leads to improvements in the Learning & Growth perspective. Improvements in the Learning & Growth and Customer perspectives lead to improvements in the Process perspective. Improvements in areas related to Customer and Process perspectives lead to improvements in the Financial perspective. Improvements in the Financial and Process perspectives lead to improvements in the Customer perspective.
Answers
Answer:
Improvements in areas related to Customer and Process Perspectives lead to improvements in the Financial Perspective.
Explanation:
A balance scorecard can be defined as a performance metrics used for measuring and assessing the quality of performance of a company.
Generally, the four (4) performance metrics of a balance scorecard includes the following; customer, learning and growth, internal business processes, and financial.
Hence, a balance scorecard should be used to determine whether or not the operations of a business is in synchronization with its vision statement and values.
Typically, improvements in areas related to Customer and Process Perspectives lead to improvements in the Financial Perspective best explains the cause-and-effect relationships portrayed by the Balanced Scorecard.
Cause and effect can be defined as the relationship between two things or events in which an occurrence of one (cause) leads to the occurrence of another (effect).
The Lend-Lease Bill, introduced in Congress: Group of answer choices authorized the president to sell, transfer, lend, lease, or otherwise dispose of other equipment and supplies to any country whose defense the President deems vital to the defense of the United States. forbade the president to sell, transfer, lend, lease, or otherwise dispose of other equipment and supplies to any country whose defense the President deems vital to the defense of the United States. authorized the president to lend arms to only democratic countries. excluded communist countries from receiving any goods.
Answers
Answer:
Authorized the president to sell, transfer, lend, lease, or otherwise dispose of other equipment and supplies to any country whose defense the President deems vital to the defense of the United States.
Explanation:
Lend-Lease Act
This bill was said to come into existence on 11th of March, 1941. The Congress passed the Lend-Lease Act. The legislation gave the President at that time, President Franklin D. Roosevelt the right, powers to sell, transfer, exchange, lend equipment to any country to help it defend itself against the other powers.
It was said that with the Lend-Lease bill stated that country of any kind whose defense the President thinks is very important to the defense of the United States will be given or can be able to receive military equipment, supplies, and other necessary materials even if that country is unable to generate funds to pay for those items.
Firms A and B plan to collude in an economy for their similar products, which includes the grim strategy for punishment. They plan to set the price of their product at $8. The marginal cost of Firm A is $5 and Firm B is $4.50. If firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, which of the following situations would likely occur? A. Firm B reduces the price to $7 causing Firm A to exit the market. B. Firm B reduces the price to $7 causing Firm A to reduce its price to $7. C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50. D. Firm A reduces the price to $7 causing Firm B to exit the market.
Answers
Answer: C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50.
Explanation:
Since firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, then Firm A will reduce the price to $7 causing Firm B to reduce its price to $4.50.
Since Firm A reduces the price to $7, this will lead to an increase in the quantity demanded of the product and therefore the firm can earn more profit. On the other hand, firm B will reduce its price to a point where the price meets the marginal cost which is $4.50.
President Hoover's approach to the Great Depression was to a leave the economy alone to work itself out of trouble. b nationalize major industries. c encourage the states to stimulate spending. d work for the breakup of business monopolies. e offer federal assistance to businesses and banks but not individuals.
Answers
Answer:
e. offer federal assistance to businesses and banks but not individuals.
Explanation:
Herbert Clark Hoover was democratically elected as the 31st President of the United States of America and he served from the 4th of March, 1929 to the 4th, March, 1933.
The Great Depression was a period of severe economic meltdown or downturn (crisis) of the industrialized world and it started from the United States of America, typically lasting for about ten years (1929-139).
Basically, the Great Depression started in America on the 4th of September, 1929 as a result of a major fall in the prices of stocks and consequently, leading to a stock market crash on the 29th of October, 1929.
Hence, the negative effects of the Great Depression includes a decline in investments, tax revenues, market price, personal income level, consumer spending, profits and a general rise in unemployment rate.
As a result of the aforementioned negative effects, struggling businesses had to lay off workers in order to try to remain open during the Great Depression.
However, President Hoover's approach to the Great Depression was to offer federal assistance to businesses and banks but not individuals.
Franchising offers all the following benefits for franchisers except Group of answer choices franchise agreements require a certain standard of behavior from franchisees, which helps protect the franchise name. franchisers can retain control of their name while increasing global penetration of their products. the franchisee's revenue stream is fairly consistent because franchisers pay fixed fees and royalties. the franchiser's revenue stream is fairly consistent because franchisees pay fixed fees and royalties. franchisers do not have to put up a large capital investment.
Answers
Answer:
Franchising offers all the following benefits for franchisers except
the franchisee's revenue stream is fairly consistent because franchisers pay fixed fees and royalties.
Explanation:
When a franchisor gives a franchisee the authority to do business in the franchiser's trade name, using its business system, it is called franchising. The franchisee pays a royalty, including an initial franchise fee, to the franchisor in exchange for this right. In this business arrangement, the franchise right confers on the franchisee the authority to establish branches of the franchising company.
which of these transactions types increase how much you owe the credit card company
Answers
Answer:
hope it is helpful to you
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