The current average income for American households is approximately $56,000 per year. According to the reading
assignment, Social Security benefits replace approximately 40% of your pre-retirement earnings. Calculate the expected SS monthly benefit
for the average American family.
Answers
Answer:it was c
Explanation:
Expected Monthly Benefit is $1866.67
Given that;
Current average income for American households = $56,000
Social Security benefits = 40% of pre-retirement earnings
Find:
Expected Monthly Benefit
Computation:
Expected Monthly Benefit = [Current Average Income × Replacement] / 12
Expected Monthly Benefit = [56000 × 40%] / 12
Expected Monthly Benefit = $1866.67
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Related Questions
which is better McDonalds or burger king?
Answers
Answer:
mc donalds
Explanation:
because its just betta
Answer:it can be answered if you run the numbers of taste every thing on both restaurants menus including every type of drink how well the cartons are how good are their fry's how good is there customer service how fresh is the food and the service time and how healthy is each one once you figure that out you can get this answer but you would have to conduct a survey to do so But the down side is this cant be carried out since neither company's are serving indoors meaning you have to wait out the pandemic and your need permission to conduct this experiment and have the right requirements to conduct such an experiment so until then al answers are currently an opinion not a solid answer
Explanation:
true or false: when pricing a bond, the present value of the annuity of the coupon payments is added to the present value of the maturity value of the bond.
Answers
It is accurate to say that while calculating a bond's price, the present value of its interest payments is added to its present value at maturity.
In a mortgage with most important plus interest, the principal (original amount borrowed) is divided into equal monthly payments, and the hobby (price charged for borrowing) is determined at the magnificent principal balance each month. Consequently, the monthly interest payments decrease over time as the value of the magnificent essential decreases.
Simple (regular) interest, cumulative interest, and Compound interest are the three form of interest payments.
The interest rate for the financial privilege of borrowing money, which is typically represented as an annual percent charge, is called a Hobby (APR). Interest is the compensation a lender or financial institution receives for lending money.
The amount that the federal goverment must pay on major public debt each year in interest is called the interest at the national debt. In addition to interest bearing assets, the national debt also include debt due to people, enterprises, and large foreign entities. Hence proved TRUE..
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Given the following table, how many workers should be hired to maximize profits?
Labor Marginal Product Labor VMPL Wage
1 8 $32 $100
2 32 $128 $100
3 16 $64 $100
4 -1 $-4 $100
5 -12 $-48 $100
A. 1
B. 2
C. 3
D. 4
Answers
The number of workers that should be hired to maximize profits is 2 workers. The correct option is B.
To determine how many workers should be hired to maximize profits, we should compare the value of the marginal product of labor (VMPL) to the wage for each worker.
1. Look at the VMPL and wage for each worker.
2. Compare the VMPL to the wage for each worker.
3. Hire workers until the VMPL is less than or equal to the wage.
Worker 1: VMPL is $32, and the wage is $100. Since the VMPL is less than the wage, we do not hire this worker.
Worker 2: VMPL is $128, and the wage is $100. Since the VMPL is greater than the wage, we hire this worker.
Worker 3: VMPL is $64, and the wage is $100. Since the VMPL is less than the wage, we do not hire this worker.
Worker 4: VMPL is $-4, and the wage is $100. Since the VMPL is less than the wage, we do not hire this worker.
Worker 5: VMPL is $-48, and the wage is $100. Since the VMPL is less than the wage, we do not hire this worker.
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which part of our body is affected by plogue pose?
Answers
Answer:
spine and shoulders are affected
The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.
Plow PoseIt is a stretching exercise which keeps your body fit and flexible.
Doing stretching exercise regularly benefits the body mucles and tendons.
The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.
This pose affects our spine and also our shoulders.
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PLEASE HELP ME
My career is a traveling nurse
Answers
Answer:
Step by step explanation
When marketers _____, they take into account the fact that customers are different, customers change, competitors change and react, and organizational resources are limited.
i. create a firm's mission statement
ii. conduct a SWOT analysis
iii. enter into the strategic marketing process
iv. develop a competitive advantage
Answers
Answer:enter into the strategic marketing process
Explanation:
When marketers enters into the strategic marketing process they take into account the fact that customers and different customers change competitors change and react and organizational resources are limited.
What is the market?Market is a place where all the business and the commercial activities being take place for example a place where a person who go and buy and sell things is known as market. Market can be physical as well as virtual for example a stationery shop in the market is a physical market but buying stationery online from a website is a virtual market.
What are the Marketing strategies?
Forming marketing strategy is a process in which a business concentrate to find best opportunities and increase its sales with the limited resources available. There are many factors which are integral part of marketing strategies. Marketing strategies done by seven Ps
1- product
2-price
3-promotion
4-please
5- packaging
6-positioning and
6- people
What are diiferent type of customers?A customer is a person who purchase the product from the market. Customer can be of many types such as :- new customer, old customer ,potential customer ,discount customers, impulsive customer, loyal customer, need based customer.
Hence option III is the correct answer,
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what is double entry in financial accounting
Answers
Answer:
method of recording transactions where for every business transaction, an entry is recorded in at least two accounts as a debit or credit. In a double-entry system, the amounts recorded as debits must be equal to the amounts recorded as credits.
Zach is taking a survey that contains questions about his future plans. Which question would most likely be on the survey?
A. What educational, career, and financial goals will you have accomplished?
B. What values, beliefs, or principles are most important to you?
C. What issues or causes do you care about?
D. What activities have you never done before but want to try?
Answers
The correct answer is "What educational, career, and financial goals will you have accomplished?"
Option A would probably be asked on the survey because it directly relates to Zach's future objectives for his profession, finances, and schooling. Zach's long-term goals and ambitions must be understood in order to find chances for both personal and professional development.
Although options B, C, and D are equally significant, Zach's values, interests, and hobbies are more the focus of these choices. These inquiries might appear in a different kind of survey, like a personality test or a market research questionnaire, but they are unrelated to future planning.
For a survey designed to learn more about Zach's future plans, hopes, and goals, Option A is a pertinent and fitting question.
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Lilly, Briah, Chloe, and Terry are the directors and equal shareholders of Fantastic Holidayz Pty Ltd, a company that runs an exclusive airline company and operates in several high-rise office buildings in Melbourne. Briah is the Managing Director and Terry is the Chief Financial Officer. Lilly and Chloe are non-executive directors. The Company has adopted a written constitution which contains the following clauses: (36) A directors' meeting may be called by a director giving reasonable notice individually to every other director (37) Quorum for directors' meetings is four directors and the quorum must be always present during the meeting (42) A resolution of the majority of directors may resolve to remove another director of the company. Business is booming, and Fantastic Holidayz has made a great deal of money over the last few years. However, the Board of Directors have rejected Lilly's proposal to declare a dividend for the last 7 years in a row - and she is getting fed up. The other directors always outvote her, arguing that it is better to keep the profits in reserve and continue to expand the business. Terry is currently investigating the possibility of opening further destinations to their itinerary In October 2017 Lilly was overseas for a family funeral and on her return to Melbourne, she discovers that the other directors have met and passed resolutions to remove her as a director of the company. Lilly did not receive any notice of the director's meeting. In another resolution, the remaining directors voted to pay themselves $500,000 in bonuses - equating to the entire year's profit. Lilly is angry that she has been removed and not paid a bonus and comes to you for your professional advice and opinion. Further, Fantastic Holidayz has a longstanding agreement with several travel agencies, and in January 2018, Fantastic's financial accounts showed that one agency owed the company $85,000, and there was no applicable security Recently, Lilly discovered that by June 2018 the debt owing to Fantastic Holidayz had blown out to $200,000. Terry had approved additional credit without the knowledge of the other directors. He did this, even though the agency had been taking a long time to pay its overdue account. Additionally, there are now rumours that are insolvent, but this cannot be proven. REQUIRED: 1. Discuss whether Lilly can bring any action to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses? (5 marks) 2. Advise Lilly about the process and potential outcomes if the travel agency is placed into voluntary administration - and any implications of this on Fantastic Holidayz. (5 marks) 3. Advise Lilly about whether Terry has breached any of his statutory duties as a director of Fantastic Holidayz. Include in your answer the consequences of a breach of duty, whether Lilly could bring an action for compensation on behalf of the company against Terry, and whether there are any defences available.
Answers
It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.
1. Lilly's Challenge to Dividend Denial and Bonus Payment:
Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:
a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.
b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.
c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.
Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.
2. Travel Agency in Voluntary Administration:
If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:
a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.
b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.
For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.
3. Terry's Breach of Director's Duties:
Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:
a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.
b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.
c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.
d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.
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The units of an item available for sale during the year were as follows: Jan. 1 Inventory 11 units at $41 $451 Aug. 13 Purchase 17 units at $44 748 Nov. 30 Purchase 18 units at $46 828 Available for sale 46 units $2,027 There are 28 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) $ b. Last-in, first-out (LIFO) $ c. Weighted average cost $
Answers
Answer:
A. $1,620
B.$1,199
C. $1,234
Explanation:
A. Calculation to Determine the inventory cost using the first-in, first-out (FIFO) method
First in first out = (18*46+18*44)
First in first out =$828+$792
First in first out =$1,620
Therefore the inventory cost using the first-in, first-out (FIFO) method is $1,620
B. Calculation to determine the inventory cost using the last-in, first-out (LIFO) method
Last in first out = (11*41+17*44)
(11-28=17)
Last in first out =$451+$748
Last in first out =$1,199
Therefore the inventory cost using the last-in, first-out (LIFO) method is $1,199
C.Calculation to determine the inventory cost using the Weighted average cost method
Weighted average = ($2,027/46)*28
Weighted average =$44.0652*28
Weighted average =$1,234
Therefore the inventory cost using the Weighted average cost method is $1,234
Estelle is a recent accounting graduate, and while she likes the idea raised by her fellow graduate Fernando to set up business in a partnership together, she has always wanted to go into business for herself. Before Estelle makes a decision, her instructor tells her it would be a good idea to consider the effect of different tax structures on each type of business, just in case she favors one situation more than the other. Compare and contrast how partnerships and sole proprietorships differ in terms of their tax requirements.
Sanjay was recently alerted to the fact that his business will be audited by the IRS. What are some possible causes for Sanjay’s business being selected for audit? What will this audit likely entail? How can Sanjay prepare?
After getting his first paycheck, Marlon is incredulous at the amount of money that goes to FICA. “Who in the world is FICA?” he asks his mother. How does she reply?
Eloise has exactly $300 to spend on an airline ticket. Assuming that she will need to pay the passenger ticket tax, the passenger facility charge, and the Sept. 11th fee, what is the maximum base ticket price Eloise can still afford to pay, knowing that she has all these additional fees and taxes to pay? Explain.
Sloan has always been pretty lax about preparing her taxes, and she doesn't pay too much attention to the rules. However, after taking a class on tax fraud, she is a bit concerned that some of the information in her past tax returns may be questionable. Sloan should only be worried about tax fraud if she’s made certain mistakes in the past. What kind of mistakes should Sloan be concerned about? Explain.
Answers
1) A small firm employs nine workers. The wages it pays to these workers are $200, $220, $280, $300, $310, 320, $330, $350 and $390 a week. What is the average wage paid?
Answers
solution :
sum of dollar =200+220+280+300+310+320+330+
350+390
Now,
average =total sum of all dollar
total sum of worker
=2370
9
=263.333#
How do I earn money the quickest way?
Answers
2. Make deliveries for Amazon or Uber Eats
3. Become a pet sitter or dog walker
4. Get a babysitting gig
5. Install Christmas lights for the holidays
6. Become a home organizer
7. Help with home gardening
8. Assist with deliveries or moving
i hope this helps (:
As opposed to a payments system based on barter, a payments system based on money:
a. makes trades less costly.
b. leads to less specialization.
c. requires a double coincidence of wants.
d. None of the above is correct.
Answers
Option a. is correct. A payments system based on money makes trades less costly because it eliminates the need for a direct exchange of goods and services, which can be time-consuming and inefficient.
With money, individuals can easily exchange goods and services for a universally accepted medium of exchange, reducing the transaction costs associated with bartering. Options b. and c. are incorrect as a payments system based on money can actually lead to more specialization as individuals can specialize in producing goods and services in which they have a comparative advantage and use money to obtain other goods and services.
A double coincidence of wants is not required with money, as it can be used to purchase any good or service. Therefore, option d. is also incorrect.
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Arbitration is the final step in the conflict-management process.
False
True
Answers
Answer:
True
Explanation:
Arbitration is a private judicial -like process of resolving conflicts. The two or more conflicting parties select an independent party to make a final and binding decision on the conflicting issue. In general, there is no room to appeal when a decision from an arbitration process.
In arbitration, the conflicting parties are given a chance to present their evidence before the arbitrator. The arbitrator or a panel of arbitrators are experts in law or in the subject causing the conflict. A decision is made after listening and evaluating the evidence produced.
What is the difference between revolving and term credit?
Answers
Answer: Revolving credit offers borrowers the option to draw funds up to a limit while ,Term credit is the agreement between a seller and buyer that lists the timing and amount of payments the buyer will make in the future.
nancy works for peoplesoft, an up-and-coming company that makes soft people, such as inflatable paramedic demonstration dummies. the working atmosphere at this start up organization provides workers with a more relaxed, family feel so that workers do not feel over stressed. at the same time, there exists a strong motivation to get peoplesoft's product out to the market. part of the ceo's plan is to forge communal bonds to emphasize the need to be innovative in everything the company does, so that it can separate itself from the competition. the atmosphere of values that makes up the environment where nancy works is better known as
Answers
The atmosphere of values that makes up the environment where Nancy works is better known as organizational culture.
Organizational culture encompasses the shared values, beliefs, attitudes, and behaviors that define an organization's character and identity. In this case, the organizational culture at Peoplesoft is one that emphasizes innovation, communal bonds, and a relaxed, family feel.
Peoplesoft's CEO recognizes the importance of a strong organizational culture and has intentionally fostered a culture that encourages creativity and teamwork. By emphasizing communal bonds, the CEO is helping to create a sense of shared purpose among employees, which can lead to higher levels of engagement and productivity.
Additionally, by prioritizing innovation, Peoplesoft can differentiate itself from competitors and stay ahead of industry trends. Overall, the organizational culture at Peoplesoft is a crucial aspect of the company's success. By creating a positive and supportive work environment, Peoplesoft is able to attract and retain talented employees who are motivated to work towards a common goal.
The company's emphasis on innovation and communal bonds helps to drive the company forward and ensures that it remains competitive in a crowded market.
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according to sfac no. 2, "qualitative characteristics of accounting information", is "the quality of information that enables users to perceive its significance." (enter only one word per blank.)
Answers
According to sfac no. 2, "qualitative characteristics of accounting information", understandabilityis "the quality of information that enables users to perceive its significance."
Accounting is a time period that describes the procedure of consolidating financial facts to make it clean and comprehensible for all stakeholders and shareholders. The principle aim of accounting is to record and document a business enterprise's financial transactions, monetary performance, and coins flows.
Accounting, also called accountancy, is the dimension, processing, and verbal exchange of financial and nonmonetary information approximately monetary entities inclusive of groups and corporations.
The median annual wage for an accountant is well above the countrywide median common for occupations. The top-paying industries for accountants consist of finance and insurance, management of agencies and firms, tax coaching, and the government.
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this type of market structure is made up of one large firm that controls the prices.
Answers
A monopoly type of market structure is made up of one large firm that controls the prices.
Which market has the most price control over a firm?
A monopoly market is one in which there is only one seller of the good and no competitors. As a result, the monopolist has complete control over the product's price.
When there are no close substitutes for the product or service that one company produces, the market is said to be monopolized. In an oligopoly, the market is controlled by two or more firms, and none of them can prevent the others from exerting significant influence.
Therefore, A market situation where one business controls all of the market shares and the prices and output is referred to as a monopoly.
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all four areas of social responsibility for firms (economic, legal, ethical, and discretionary) are of equal importance in a firm's overall level of social responsibility.
Answers
A company's overall level of social responsibility depends on all four dimensions of corporate social responsibility: economic, legal, ethical, and discretionary. This statement is true.
Corporate social responsibility, or CSR, is a business strategy that takes into account how an organization affects society, its workforce, and other stakeholders. CSR is used to reduce harm, conduct ethical business, be accountable along the entire global supply chain, engage in philanthropy, and develop a self-directed human resource management system.
Throughout the 1950s and 1960s, social activist organizations (as well as others) promoted corporate social responsibility. The message to be socially and environmentally conscious, however, didn't become crystal evident until the 1970s.
Carroll's methodology establishes consistency in an area lacking a precise, predetermined definition. However, since this model was created in 1991, it is no longer relevant in the current corporate climate.
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Correct question:
All four areas of social responsibility for companies (economic, legal, ethical, and discretionary) are equally important to a company's overall level of social responsibility. True or false.
How many references does an employer usually want?
Answers
Dudhdhdhdhxhxjc
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She prices the cupcakes at $0.50 each. With in 15 minutes she has sold all of her cupcakes, and through out the day teachers and students ask her if she has anymore.
This market model is in a [______]?
This is for a economics class I didn't know what catagory to pick
Answers
Answer:
Shortage
Explanation:
I got it correct because I watched the given recording.
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. This market model is in a "competitive market".
Georgina operates in a competitive market characterized by high demand and a desirable product: her cupcakes. The price point of $0.50 each aligns with the perceived value which is resulting in swift sales within 15 minutes.
Subsequent inquiries from both teachers and students demonstrate sustained interest indicating that Georgina's cupcakes have achieved product-market fit.
Georgina's success in selling all cupcakes swiftly and generating ongoing inquiries highlights a well-balanced market equilibrium within the school community.
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If you have 900 dollars and you save it for ten years woth eight percent interest, what will be it’s future value?
Answers
900 times 8%, or 0.08 is 72. So 72 is the interest for 1 year. You multiply that times 10 for ten years of interest and get 720. You add 900 and 720 and you get 1620. Therefore, 1620 is how much you have after 10 years with eight percent interest. Hopefully this helps!
assume markup percentage equals desired profit divided by total costs. what is the correct calculation to determine the dollar amount of the markup per unit?
Answers
The correct calculation to determine the dollar amount of the markup per unit is "Total cost per unit times mark-up percentage per unit".
Mathematically, Mark up percentage is
Mark up percentage = desired profit ÷ total costThe dollar amount of the mark-up per unit will be calculated by multiplying the total cost per unit with the markup percentage per unit
Mathematically,
Dollar amount of the mark-up per unit = Total cost per unit × mark up percentage per unitTherefore, dollar amount of the markup per unit is determined by "Total cost per unit times mark-up percentage per unit".
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Consumers experience ______ marginal utility the more they consume of a particular good or service.
Answers
Answer:
less
Explanation:
The law of diminishing marginal utility states that, as consumption of a good or service increases, its marginal utility decreases.
5. Paulie Mateja purchased a digital camera for $699.99. The store charged 4.65% sales tax. What was the camera's total pur- chase price? A $703.64 B $732.54 C $753.64 D $767.54
Answers
Answer:
B : 732.54
Explanation:
1. 4.65% over 100% times with 699.99 = 32.55
2. plus 32.55 with 699.99
Credentials are an official verification, from an accredited source, attesting to capability.
True
False
Answers
Answer:
false
Explanation:
.
Answer: False
Explanation:
difference between service-orinated and level wise profession?
Answers
If the shop can charge only a single price, it will charge $
and sell
wands
Answers
Tt will sell a total of wands and earn a profit of Total profit = $36 + $16 = $52
If the firm practices perfect price discrimination, it will sell a total of 4 wands and earn a profit of $48.
Perfect price discrimination means that the firm is able to charge each individual buyer the maximum price they are willing to pay. In this case, there are two buyers: one willing to pay $30 for a wand and the other willing to pay $20.
The firm will sell 2 wands to the buyer willing to pay $30, earning a total revenue of $60. It will also sell 2 wands to the buyer willing to pay $20, earning a total revenue of $40.
The total profit earned will be the sum of the profits from each transaction:
$60 (revenue from 2 wands sold at $30) - $24 (cost of producing 2 wands) = $36 profit
$40 (revenue from 2 wands sold at $20) - $24 (cost of producing 2 wands) = $16 profit
Total profit = $36 + $16 = $52
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Full Question ;
If the shop can charge only a single price, it will charge $ 24 and sell 2 wands. Part 2 (2 points) See Hint if the firm practices perfect price discrimination, it will sell a total of wands and earn a profit of $
Which is a requirement for an acceptance?
mirror image of offer
intent to contract
communicated
all of the above
Answers
All of the above
The offer must be mirrored, the first party must have an intent to contract, and that intent must be communicated for the second party to know, for sure, that a specific contract is agreed upon for acceptance.
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