To determine the current worth of 4 annual payments of $1,000 at 4%, one would refer to a table for the present value of $1.

Initially, Stacy earns a salary of $300 per year and Virginia earns a salary of $200 per year. Stacy lends Virginia $100 for one

lina2011 [118]

Answer:

The answer is "$306 and $204".

Explanation:

Given value:

Stacy salary = $300

Virginia salary = $200

The nominal value is 2%

Calculating the Stacy salary $= 300 \times \frac{2}{100}$

$= 3 \times 2 \\\\ =6$

$\text{ Stacy salary = slaray+ percent value}$

$= \$ 300 + \$ 6\\\\= \$ 306 \\$

Calculating the Virginia salary $= 200 \times \frac{2}{100}$

$= 2 \times 2 \\\\ =4$

$\text{ Virginia salary = slaray+ percent value}$

$= \$ 200 + \$ 4\\\\= \$ 204 \\$

7 0

2 years ago

A professional gambler moves from a state where gambling is illegal to a state where gam-bling is legal. Most of his income was,

Murrr4er [49]

Answer:

The answer is: A) raises GDP.

Explanation:

If a gambler is a professional gambler (pays income tax on his gambling earnings) then when he moves from a state that prohibits gambling to a state that allows gambling, his earnings will increase the GDP.

The GDP only considers legal income, so illegal activities such as prostitution, drug trafficking, or illegal gambling are not included in the GDP. But if they become legal (e.g. some states legalized marijuana) then they should be included in the GDP.

4 0

2 years ago

AlphaBrona Industries manufactures 50,000 components per year. The manufacturing cost of the components was determined as follow

sashaice [31]

Answer:

Option (a) is correct.

Explanation:

Manufacturing cost:

= Direct materials + Direct labor + Variable overhead + Fixed overhead

= $80,000 + $100,000 + $30,000 + $60,000

= $270,000

Purchase from outside:

= Fixed overhead + Purchase price

= $60,000 + (50,000 × $10)

= $60,000 + $500,000

= $560,000

Effect on income = Purchase from outside - Manufacturing cost

= $560,000 - $270,000

= $290,000

Therefore, the above calculations shows that income will decrease by $290,000.

8 0

2 years ago

Carla Vista Co. had the following assets on January 1, 2017. Item Cost Purchase Date Useful Life (in years) Salvage Value Machin

Minchanka [31]

Answer:

I have no Idea ask your teacher

7 0

1 year ago

Ruiz Co. provides the following sales forecast for the next four months. April May June July Sales (units) 500 580 540 620 The c

nexus9112 [7]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales:

April= 500

May= 580

June= 540

July= 620

Finished goods inventory on April 1 is 190 units

Desired ending inventory= 25% next month sales.

To calculate the production for each month, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

April:

Sales= 500

Desire ending inventory= (580*0.25)= 145

Beginning inventory= (190)

Total production= 455 units

May:

Sales= 580

Desire ending inventory= (540*0.25)= 135

Beginning inventory= (145)

Total production= 570 units

June:

Sales= 540

Desire ending inventory= (620*0.25)= 155

Beginning inventory= (135)

Total production= 560 units

4 0

2 years ago