Calculate the income needed based on the following budgeted expenses.
Month _______
Budgeted Amount
Rent
$350
Utilities
$100
Food
$150
Entertainment
$75
Bus Pass
$25
College Savings
$300
a.The income would need to be at least $1000.
b.The income would need to be at least $950.
c.The income would need to be at least $1125.
d.The income would need to be at least $850.

Answers

Answer 1

According to the given scenario, the correct answer would be Option A. The income would need to be at least $1000.

Budgeted expenses is given that;

Rent-$350 / Utilities-$100 / Food-$150 / Entertainment-$75 / Bus Pass-$25 / College Savings-$300

To get the minimum income, we will add all Budgeted expenses.

So Minimum income would be: 350+100+150+75+25 = 1000

So, Minimum income would at least $1000.

What is income ?

Income, which is typically stated in monetary terms, is the spending and saving opportunity acquired by an entity within a given duration. Conceptually, income is hard to define, and different fields may have distinct definitions.

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Related Questions

Target market demographics can help you determine which ____________________ would be most effective for marketing.

A) business card fonts
B) social media platforms
C) style of flyers

Answers

Target market demographics can help you determine which social media platforms would be most effective for marketing. Thus, the correct answer is option B.

A target market is a group of people who have been selected as the most likely potential purchasers for a product based on factors such as age, income, and lifestyle.

When a company creates, packages, and advertises its product, identifying the target market is an important element of the decision-making process and helpful in marketing. Everyone who can be defined as belonging to a given age group, income level, gender, occupation, and education level is included in the target market demographics.

Therefore, the appropriate answer is option B.

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A Empresa Comercial Ltda. apresenta um ciclo de caixa de 20 dias e efetua pagamentos anuais no montante total de R$ 180.000.
Com base nestas informações, calcule o caixa mínimo necessário para a empresa manter-se líquida.
A alternativa que apresenta o valor correto para o caixa mínimo necessário, é:

a.
15.000

b.
22.500

c.
25.800

d.
10.000

e.
20.000

Answers

Answer:

A Resposta é d) 10.000

Explanation:

5. Drawing account is a personal account.

Answers

The drawings account is a non-real account that belongs to the author. The cash that the trader of the firm withdrew for personal use is shown in his account.

All of a business's accounts for revenue and spending are included in a nominal account.

In and of itself, a drawing account is not a bank account. The record kept by a business owner or accountant that details how much cash has been taken out by business owners is referred to as drawing in accounts.

Drawing accounts distinguish between business and personal use of the company's finances and assets. In certain businesses, such as sole proprietorships and partnerships, it is virtually necessary because the owner and the company are one and the same.

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In a statement of approximately 75 words explain why the economic systems in countries with dictatorships or closed systems of government tend to be less prosperous and do not have healthy economic policies or markets.

Answers

The economy in countries with dictatorships or similar governments is often less prosperous because these countries usually have closed economy systems and this limits the profit from trading, the materials for manufacture, among others.

Most countries with authoritative governments such as dictatorial ones support closed economy systems, this means:

The country does not trade with others.There are no exportations and importations.All the good citizens buy are produced within the borders of the country.

These characteristics have been found to have mainly a negative effect because:

The country cannot obtain profits from trading with others.Manufacture and products are limited by those found inside the nation.Economic crises are difficult to overcome due to a lack of resources or support from other nations.

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Which behaviors benefits coworkers and colleagues involves assisting, supporting, and developing other organizational members in a way that goes beyond normal job expectations?

Answers

Answer:

Interpersonal citizenship behavior.

Explanation:

Interpersonal citizenship behavior can be defined as behaviors that benefits coworkers and colleagues and involves assisting, supporting, and developing other organizational members in a way that goes beyond normal job expectations.

This ultimately implies that, interpersonal citizenship behavior is the extent to which an employee (worker) goes beyond his or her job requirements (descriptions) to help colleagues (co-workers), which either directly or indirectly results in boosting individual job performance, as well as enhancing team work and organizational development.

For example, a line supervisor assisting his or her subordinates that are having a huge or cumbersome workload.

Hence, this voluntary employee behaviors and actions would go a long way to promote unity, foster growth and development and help the organization to successfully achieve its goals and objectives quickly.

Upon the transfer of a property from one owner to another, all funds being held for the tenants by the landlord must be transferred to

Answers

Upon the transfer of a property from one owner to another, all funds being held for the tenants by the landlord must be transferred to the new owner.

What will happen to all funds being held by tenant Upon the transfer of a property from one owner to another

This includes security deposits, prepaid rent, and other tenant funds that the landlord may be holding on behalf of the tenants. The new owner becomes responsible for managing these funds and complying with any applicable laws and regulations regarding their use and return to tenants.

It is important for landlords and new property owners to carefully document and account for these tenant funds during the transfer process to ensure that all funds are properly accounted for and that tenants are not unfairly impacted by the transfer of ownership.

Hence, the transfer of a property from one owner to another, all funds being held for the tenants by the landlord must be transferred to the new owner.

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XYZ company's prime costs total OMR 3,000,000 and its conversion costs
total OMR 7,000,000. If direct materials are OMR 2,000,000 and factory
overhead is OMR 6,000,000, then direct laboris
OMR 2,000,000 a
OMR 1,000,000 b
X
OMR 4,000,000
.c
OMR 3,000,000 d
OMR 3,500,000 e

Answers

Answer:

ok

Explanation:

William sold Section 1245 property for $26,000 in 2022. The property cost $40,000 when it was purchased 5 years ago. The depreciation claimed on the property was $22,000.

If an amount is zero, enter "0".

Question Content Area
a. Calculate the adjusted basis of the property.


Question Content Area
b. Calculate the realized gain on the sale.


Question Content Area
c. Calculate the amount of ordinary income under Section 1245.


Question Content Area
d. Calculate the Section 1231 gain.

Answers

Both Section 1231 b and d gain and realized gain on the sale are the same, the answer to both is $8,000. The correct answer is option- b and d.

Given that William sold Section 1245 property for $26,000 in 2022. The property cost $40,000 when it was purchased 5 years ago. The depreciation claimed on the property was $22,000.

a. Calculate the adjusted basis of the property.The adjusted basis of the property is calculated as follows:

Adjusted basis of property = Original cost - Accumulated Depreciation$40,000 - $22,000 = $18,000

b. Calculate the realized gain on the sale.The realized gain on the sale is calculated as follows:Realized Gain = Amount realized on the sale - Adjusted basis of property$26,000 - $18,000 = $8,000

c.Calculate the amount of ordinary income under Section 1245.The amount of ordinary income under Section 1245 is calculated as follows:

Ordinary Income = Depreciation claimed on property $22,000

d. Calculate the Section 1231 gain.

Section 1231 gain is calculated as follows:Section 1231 Gain = Total sales price - Total adjusted basis of all 1231 assets$26,000 - $18,000 = $8,000

Since both Section 1231 gain and realized gain on the sale are the same, the answer to both is $8,000. The correct answer is option- b and d.

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Explain link between creativity, innovation and entrepreneurship, and outline the steps for screening opportunities

Answers

Creativity, innovation, and entrepreneurship are interconnected and essential for driving economic growth. When screening opportunities, aspiring entrepreneurs should engage in creative idea generation, evaluate market potential, conduct thorough research,

Creativity refers to the generation of novel and valuable ideas, while innovation involves turning those ideas into practical solutions.

Entrepreneurship, on the other hand, is the process of identifying and pursuing opportunities, mobilizing resources, and taking risks to create and manage a successful venture. The link between these three concepts lies in their mutually reinforcing nature. Creativity fuels innovation by providing the initial spark for new ideas and perspectives.

Innovation, in turn, serves as a platform for entrepreneurial endeavors, as it creates opportunities for commercialization and market disruption. Entrepreneurship then takes these innovative ideas and transforms them into tangible products, services, or businesses that generate value and drive economic growth.

When screening opportunities, aspiring entrepreneurs can follow a systematic approach:

Idea Generation: Encourage and engage in creative thinking to generate a pool of potential opportunities.

Opportunity Evaluation: Assess the feasibility, market potential, and competitive landscape of each idea.

Market Research: Conduct thorough research to understand target customers, their needs, and existing solutions.

Resource Assessment: Evaluate the resources required to pursue the opportunity, including financial, human, and technological aspects.

Risk Analysis: Identify and evaluate potential risks and uncertainties associated with each opportunity.

Business Model Development: Formulate a clear and viable business model that outlines how the opportunity will be monetized.

Prototype and Testing: Develop prototypes or minimum viable products to gather feedback and validate the opportunity.

Financial Analysis: Conduct a comprehensive financial analysis to determine the potential profitability and sustainability of the opportunity.

Decision-making: Prioritize and select the most promising opportunities based on the evaluation and analysis.

Implementation and Execution: Develop an action plan and execute it effectively, leveraging creativity, innovation, and entrepreneurial skills.

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Information related to plant assets, natural resources, and intangibles at the end of 2020 for Concord Company is as follows: buildings $1,030,000, accumulated depreciation—buildings $653,000, goodwill $410,000, coal mine $496,000, and accumulated depletion—coal mine $108,000.

Answers

A.nswer and Explanation:

The preparation of the partial balance sheet is as follows;

Assets

Long term assets:  

Plant, property & equipment

Coal mine $496,000

Less: Acc. depletion, coal mines -$108,000     $388,000

Buildings $1,030,000

Less: Acc. depreciation, buildings - $653,000  $377,000

Total Plant, property & equipment                       $765,000

Goodwill                                                                $410,000

Total long term assets                                          $1,175,000

Page organized Google into seven business units. The vice president in charge of each unit has full responsibility for the success of his or her unit. What controls should Page have put in place to ensure that the units cooperate with each other when needed, even if it would benefit only one of the units that must work together?A. Use incentive controls that are linked to higher-level performance. B. Use output controls based on measurable financial criteria. C. Use bureaucratic controls to regulate the financial budgets and capital spending of the divisions. D. Use market controls to allocate capital resources between different divisions.Page reorganized Google into seven core business units. What type of structural form did he employ?
A. Functional structure.
B. Multidivisional structure.
C. Matrix structure.
D. Integrated structure.

Answers

Answer:

A. Use incentive controls that are linked to higher-level performance.

C. Matrix structure.

Explanation:

Since in the question it is mentioned that Google has 7 business units as organized by page also at the same time the vice president has the full responsibility with respect to the success of each units so here the control would be that by using the incentive controls that are interconnected to the performance i.e. outsanding would results into the success of the each unit.

As Google has seven business units so here the structure form is of matrix structure as it deals with more than one organization structure that involves more responsibility, authority etc

If you were Marshall’s manager how might you increase Marshall’s awareness of the negative impact he is having on his team?

Answers

As Marshall's manager, I would increase his awareness of the negative impact he is having on his team by providing specific and constructive feedback on his behavior and its consequences. This would involve having open and honest conversations with Marshall, highlighting examples of how his actions are affecting team morale, productivity, and collaboration.

In order to effectively address Marshall's negative impact on his team, it is important to approach the situation with clarity and professionalism. By providing specific examples of incidents where Marshall's behavior has caused harm, I can help him understand the direct consequences of his actions. This feedback should be delivered in a constructive manner, focusing on the behaviors rather than attacking his character.

By emphasizing the impact on team dynamics, performance, and overall work environment, Marshall can begin to see the need for change. Additionally, it would be beneficial to discuss alternative approaches and provide guidance on how he can improve his interactions with the team. Ongoing feedback and support from me as his manager can help Marshall recognize the negative impact he is having and encourage him to take steps towards positive change.

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The maintenance department of a large hospital uses about 816 cases of liquid cleanser annually. Ordering costs are $12 and carrying costs are $4 per case. The new price schedule is as follows: Quantity Unit Cost 1-49 $20 ' 50-79 $18 ~ 80-99 $17 .3 100 or more $16 Determine the optimal order quantity and the total cost.

Answers

Answer:

/

Explanation:

Select the correct answer.
In general, how long does it take to accomplish a long-term goal?
OA.
a few days to a week
OB.
a few weeks to a month
OC.
a few months to a year
OD.
more than a year

Select the correct answer.In general, how long does it take to accomplish a long-term goal?OA.a few days

Answers

C or d sorry if wrong

Which is these is true about trusts?
OA. They have less tax liability.
OB. They have multiple beneficiaries.
C. They require power of attorney.
OD. They have more tax liability.

Answers

Answer: The answer is They have more tax liability.

Explanation:Trust is a fiduciary relationship.In this, a first party gives the right to assets or the right to hold the title to a second party for the benefit of a third party.The first party is called the Grantor.The second party is called as the Trustee.The third party is called as the Beneficiary.As the trust is a seperate legal and taxable entity, the tax payment of the trusts depend upon whether it is a simple trust,complex trust or a grantor trust.The tax brackets of trusts are more compressed.So, the trusts pay more taxes than individual taxpayers.

The HR department at Tremont Communications oversees the recruitment and training of employees at the firm. As the firm grows and recruits more employees, overseeing individual training programs has become too much for the HR staff to handle. Which application should the HR department use to help with employee training

Answers

Answer: learning management system

Explanation:

Based on the information given in the question, the application that the HR department should use to help with employee training is the learning management system.

This is a software application that can be used by schools, or organizations to help in administering, tracking, and delivering training programs or courses to students or employees. Examples of Learning Management Systems are Moodle, Blackboard Learn, Google Classroom, etc.

1.Why is knowledge of consumer behavior important to the marketer?

Answers

The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.

CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.

When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.

Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.

Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.

Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.

The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.

The importance of consumer behavior to marketers is discussed below:

Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.

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Hi-Tech, Inc., reports net income of $65.0 million. Included in that number are depreciation expense of $5.5 million and a loss on the sale of equipment of $1.5 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $2.5 million, $3.5 million, and $4.5 million, respectively. What are Hi-Tech's net cash flows from operating activities?

Answers

Answer:

Net Cash Flows from operating activities is $68.5 million.

Explanation:

The indirect Method would be used here because all we will find the cash expenses and revenues that were converted into within the year and are reported in the income statement by calculating the increase and decrease in the current assets and current liabilities. Here we will also eliminate the non cash expense effects by adding them back.

The net cash flows from operating activities can be calculated using the following method:

                                                                 Millions

1. Net Income                                                65

Add Non Cash Deductions

2. Depreciation                                             5.5

3. Loss on sale of Equipment                       1.5

Add / (Less) the increase or

decrease in current Assets or

liabilities

4. Increase in Trade Receivables                (2.5)

5. Increase in Trade Payables                      3.5

6. Increase in inventory                               (4.5)

Net Cash Flows from operating activities $68.5

the united states measures its economy by how many goods and services are produced in a ___.; true or false? money is a factor of production.; economically, a \" need\" is something __________.; road building and purchasing military equipment are examples of purchasing by

Answers

1. The United States measures its economy by the amount of goods and services produced in a given year.

The size of a country's overall economy is typically measured by its GDP, which is the value of all final goods and services produced within a country in a given year.

Measuring GDP entails calculating the total dollar value of the production of millions of different goods and services smartphones, cars, music downloads, computers, steel, bananas, college educations, and all other new goods and services produced in the current year.

2. Capital is commonly used in economics to refer to money. Money, on the other hand, is not a factor of production because it is not directly involved in the production of a good or service. As a result, the answer is False.

Capital, on the other hand, facilitates production processes by allowing entrepreneurs and business owners to purchase capital goods or land or to pay wages.

3. A "need" in economic terms is something that is required to sustain life.

Simply put, a need is something that is required in order to survive. In economics, the concept of survival is real, which means that someone would die if their needs were not met. This includes necessities such as food, water, and shelter.

4. Road construction and military equipment purchases are examples of government purchases.

The government is in charge of purchasing military equipment and constructing roads. These purchases are classified as gross investment expenditures. The government treats this as its own asset when it invests. The government also purchases infrastructure projects such as roads and civil servant payrolls.

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i am meeting my new team, which I will directly supervise for the first time. I introduce myself and jump right into the agenda items for the jobs each team member will be assigned. I am using ______.

Answers

Leadership?...........

1. TRUE OR FALSE
Picking the First Distributor you find is always the right fit for you.

Question 3 options:
True
False

Answers

Answer:

False

Explanation:

Picking the first distributor you find is not always the right fit for you. It is important to do research and carefully evaluate potential distributors to ensure that they have the right capabilities, experience, and resources to help you achieve your goals. Choosing the wrong distributor can lead to problems such as poor performance, low sales, or damaged brand reputation. It is important to consider factors such as the distributor's track record, customer base, market reach, pricing, and communication skills before making a decision.

Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax’s sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $400,000. During 2021, Halifax sold merchandise on account for $12,500,000. Halifax merchandise costs it 70% of merchandise selling price. Also during the year, customers returned $613,000 in sales for credit, with $338,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. A) Prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns. Note: Record the estimated returns at net amounts. B) What is the amount of the year-end allowance for sales returns after the adjusting entry is recorded?

Answers

A)To record the merchandise returns: Sales Returns and Allowances $613,000 Accounts Receivable $613,000 To record the year-end adjusting entry for estimated returns:

Estimated Sales Returns and Allowances $625,000Allowance for Sales Returns and Allowances $625,000 The estimated sales returns and allowances of $625,000 is calculated as follows: Sales = $12,500,000 Estimated returns (5% of sales) = $625,000 Since $338,000 of the returns were for merchandise sold prior to 2021, we need to subtract this amount from the total returns to determine the amount of returns for merchandise sold during 2021: Returns for merchandise sold during 2021 = $613,000 - $338,000 = $275,000 The net amount of the estimated returns is calculated as follows: Estimated returns = $625,000 Less: Returns for merchandise sold prior to 2021 = $338,000 Net estimated returns for merchandise sold during 2021 = $287,000 The adjusting entry is recorded for the net estimated returns of $287,000. B) The year-end allowance for sales returns after the adjusting entry is recorded is calculated as follows: Refund liability at the beginning of the year = $400,000 Add: Returns for merchandise sold during 2021 = $275,000 Subtract: Net estimated returns for merchandise sold during 2021 = $287,000 Year-end allowance for sales returns = $388,000 Therefore, the year-end allowance for sales returns after the adjusting entry is recorded is $388,000.

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Roy Wilton is a CPA who recently made a poor investment. When researching the investment, Roy examined the financial statements of the firm, but did not read the accompanying footnotes, and therefore didn’t comprehend the broader context underlying those financial statements. Which of the following is true with respect to the enhancing qualitative characteristic of understandability in this case?
a. This demonstrates a violation of understandability, given that Roy did not comprehend all relevant information.
b. This does not demonstrate a violation of understandability, as Roy did not bother to read the footnotes but could have understood them if he did so.
c. This does not demonstrate a violation of understandability, but rather completeness, as Roy’s understanding was incomplete.
d. This demonstrates a violation of understandability, as CPAs should be able to rely on the financial statements alone.

Answers

Answer: This does not demonstrate a violation of understandability, as Roy did not bother to read the footnotes but could have understood them if he did so

Explanation:

Even though Roy examined the financial statements of the firm, as stated above, he didn't read the accompanying footnotes, and hence, he did not comprehend the underlying context of the financial statements.

Therefore, in this case this doesn't demonstrate a violation of understandability, due to the fact that Roy did not bother to read the footnotes but could have understood them if he did so.

According to concept of understandability in accounting, the information that are given in financial statements must be understandable by the financial statements and users.

In which set of markets does imperfect information have the most impact in
terms of creating problems that are extremely hard to solve?
a. labor markets
b. goods and services markets
c. financial markets
d. insurance markets

Answers

A is the most logical in my opinion

My reasoning is because of a mistake is made in a labor market then suing is the most common route people will turn to when resolving an issue. They’re are also unions that can be formed in the labor market causing difficult problems.

Hope this helps have a nice day :)

Braxton Enterprises currently has debt outstanding of million and an interest rate of . Braxton plans to reduce its debt by repaying million in principal at the end of each year for the next five years. If​ Braxton's marginal corporate tax rate is ​, what is the interest tax shield from​ Braxton's debt in each of the next five​ years?

Answers

Answer:

Interest tax shield in year 0  = $1.155 million

Interest tax shield in year 1  = $0.924 million

Interest tax shield in year 2  = $0.693 million

Interest tax shield in year 3  = $0.462 million

Interest tax shield in year 4  = $0.231 million

Interest tax shield in year 5  = 0

Explanation:

Here is the complete question :

Braxton Enterprises currently has debt outstanding of $55 million and an interest rate of 6%. Braxton plans to reduce its debt by repaying $11 million in principal at the end of each year for the next five years. If Braxton's marginal corporate tax rate is 35%, what is the interest tax shield from Braxton's debt in each of the next five years?

interest tax shield is a reduction in tax paid as a result of interest paid on debt

interest tax shield = (debt amount x interest rate x tax rate)

Interest tax shield in year 0  = $55 million x 0.06 x 0.35 = $1.155 million

Debt in year 1 = $55 million - 11million = $44 million

Interest tax shield in year 1  = $44 million x 0.06 x 0.35 = $0.924 million

Debt in year 2 = $44 million - 11million = $33 million

Interest tax shield in year 2  = $33 million x 0.06 x 0.35 = $0.693 million

Debt in year 3 = $33 million - 11million = $22 million

Interest tax shield in year 3  = $22 million x 0.06 x 0.35 = $0.462 million

Debt in year 4 = $22 million - $11 million = $11 million

Interest tax shield in year 4  = $11 million x 0.06 x 0.35 = $0.231 million

Debt in year 5 = $11 million - $11 million = 0

Interest tax shield in year 5 = 0 x 0.06 x 0.35 = 0

The property appraisal district for Marin County has just installed new software to track residential market values for property tax computations. The manager wants to know the total equivalent cost of all future costs incurred when the three county judges agreed to purchase the software system. The system has an installation cost of $150,000 and an additional cost of $50,000 at year 10. The annual software maintenance cost is $5,000 for the first 4 years and $8,000 thereafter. If the new system will be used for the indefinite future, find the equivalent present value at a discount rate of 5%.

Answers

Answer:

Equivalent annual cost = $16,502.89

Explanation:

Equivalent annual cost = Present Value of cost / Annuity factor

Present value of cost:

PV of additional cost  =50,000 ×1.05^(-10)=30,695.66

PV of maintenance cost

First four years= 5,000×  (1-1.05^(-4))/0.05=17,729.75

From year 5 to infinity = (8,000/0.05)× 1.05^(-4)=131,632.39

PV of maintenance cost =  17,729.75  + 131,632.396= 149,362.14

PV of costs = 150,000 + 30,695.66 + 149,362.14= 330,057.8112

Annuity factor = 1/r = 1/0.05= 20

Equivalent annual cost = 330,057.8112 /20=$16,502.89

Equivalent annual cost = $16,502.89

Rihanna Company is considering purchasing new equipment for $450,000. It is expected that the equipment will produce net annual cash flows of $60,000 over its 10-year useful life. Annual depreciation will be $45,000. Compute the cash payback period

Answers

Answer:

7.5 years

Explanation:

Payback is the period a project takes to recover its initial capital outflow.

The formula for calculating the payback period = Initial investments divide by net cash flow per period.

Payback Period = Initial Investments/ Net Cash Flow per Period

Payback period = $450,000/ $60,000

Payback period =7.5 years

How can you reduce your total loan cost?
Make interest payments while in school
Make interest and principal payments while in school
Make interest and principal payments during the grace period
Any of the above

Answers

The ways that you can reduce your total loan costs include paying interest while in school and during your grace period so the answer is Any of the above.

How can you reduce your total student loan cost?

You can start off by making interest payments while you are still in school even though this isn't required. Also pay off principal payments if you can.

When you get out, try to pay interest and principal payments in your grace period. The reason for this is that you will reduce the interest that you have to pay per period which would be capitalized if not paid.

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Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?

Answers

Reggie's medical expense deduction is $7,276.

AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.

Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:

Drugs (prescribed by physicians): $5,701

Marijuana (prescribed by physicians): $1,470

Health insurance premiums-after taxes: $1,280

Doctors' fees: $1,320

Eyeglasses: $445

Over-the-counter drugs: $270

Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.

Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486

Reimbursements: $570

Medical expenses after reimbursements: $10,486 - $570 = $9,916

To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.

Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.

Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.

Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276

Therefore, Reggie's medical expense deduction is $7,276.

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Which of the following is something that companies are likely to engage in
with famous, well-publicized sports teams?
A. Direct marketing
B. Customer frequency programs
c. Merchandising
D. Sponsorship
SUBMIT

Answers

The answer is D. Sponsorship
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