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tigry1 [53]
2 years ago
9

Tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local community college. He is

making a beginning annual salary of $19,760. How can this increased income affect his financial decisions? Compare his previous budget when he worked part time while finishing his degree with his current budget after getting a full time job.
Business
1 answer:
Mice21 [21]2 years ago
6 0

Answer:

Tristan will have more buying power and a better standard of living. The ripple effect of this on his financial decision will be that he will spend more.

Explanation :

Tristan increased income will affect his financial decision in the sense that he will have more purchasing power of goods and services, his standard of living will probably improve and consequently affecting his financial decision.

He will probably move to a neighborhood with safer security, reliable water and power supply. The ripple effect on this new found good life is that his financial decision will always make him spend more to sustain this life style.

It should also be of note the an increased income does not necessary translate to the want or need to live in luxury.

Comparing the new income with his previous budget when he worked part time prior to his degree, Tristan at this time would have be able to achieve sustainability and more purchasing power through proper investment.

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tatuchka [14]

Answer:

=5, 011.46

Explanation:

cost of materials : $ 2,415

cost of labor:         $ 1,832

Total cost; ( $ 2,415+$ 1,832)= $ 4,247

Add 18 percent mark-up = 4247*1.18

     =5, 011.46

3 0
2 years ago
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The efforts of employees who work directly to convert direct materials into the finished product are referred to as ______
Alex_Xolod [135]

Answer:

Direct labor

Explanation:

The role of direct labor is to convert direct material into the finished products. Without the help of direct labor, it is impossible to convert the direct material into the finished goods.

Here, the direct material means the labor which works on manufacturing a product which is directly related to the production level. The allocation of direct labor is done based on the number of hours worked or product.

Hence, The efforts of employees who work directly to convert direct materials into the finished product are referred to as direct labor

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2 years ago
Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for
frozen [14]

Answer:

A

Explanation:

3 0
2 years ago
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An industry dominated by a few large firms, all of which struggle with product differentiation, is known as A. multi-domestic. B
denis23 [38]

Answer:

A

Explanation:

Multidomestic

Multidomestic describes a set of strategies used by companies that operate in more than one country at a time. When businesses take their operations into markets overseas, they will naturally tend to act differently than their larger competitors, many of them choosing a multidomestic strategy. A multidomestic company is a business that uses a different approach in each of the markets it operates in.

A good example of a multidomestic company is Nestlé. Nestlé uses a unique marketing strategy and sales approach for each of the markets in which it operates. They conform their products to local tastes by offering different products in different markets.

8 0
2 years ago
A company uses the FIFO method for inventory costing. At the start of the period the production department had 20,000 units in b
UkoKoshka [18]

Answer:

equivalent cost per unit for labor: $4.1982

Explanation:

complete and transferred    165,000

work on ending WIP               16,500  //   22,000 x 75%

previous work on beginning (8,000) //  20,000 x 40%

Equivalent units                   173,500

labor cost added during the period 726,825

equivalent cost 726,825/173,500 = 4.198193084

equivalent cost per unit for labor: $4.1982

7 0
2 years ago
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