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Studentka2010
1 month ago
8

Oh, no! You contract Mononucleosis (Mono) and consequently miss two weeks of work without pay. You do not have any type of disab

ility insurance. Due to work missed, you lose $1500 in take-home pay for the current month. What do you do to meet your monthly financial commitments? How do you prepare for similar unfortunate events in the future?
Business
1 answer:
Mariulka [3.8K]1 month ago
3 0

Answer:

Obtain a credit line and secure insurance coverage.

Explanation:

To fulfill your monthly financial obligations, consider requesting an upfront credit facility from your organization if available, or inquire about a salary loan that can be deducted at source (from your salary).

To prepare for similar unfortunate circumstances in the future, it's essential to obtain life and health insurance coverage, either through your employer or independently.

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Mike and Karen were divorced. Their only marital property was a personal residence with a fair market value of $1.5 million and
Katen [3525]

Answer:

Mike's acknowledged gain from the transfer of the house to him is:

$175,000

Explanation:

a) Data and Calculations:

Marital property = $1,500,000

Cost of property =  $575,000

Residual value =     $925,000

Alimony to Karen = $750,000 ($150,000 * 5)

Balance (Mike's) =  $175,000

The amount of $175,000 signifies the surplus of the fair market value of the marital property after accounting for the property's cost and the alimony paid to Karen.  Thus, Mike recognizes a gain of $175,000 following the property sale.

7 0
1 month ago
Lisa surveyed a sample group of people. Based on her survey, Lisa suggested to her company that they develop a customizable trav
stepan [3596]

Answer:

I believe the correct answer is e) ad analysis

Explanation:

She conducted a survey among a group of individuals. Following this, she recommended to her company the development of a customizable travel app.

8 0
2 months ago
Lucas is in first grade and works hard to print his alphabet letters on the lines on his notebook paper. in which direction is t
soldi70 [3635]
<span>Lucas's motor skills are evolving from his midline toward his outer limbs. This process resembles crossing the midline, where a child masters bilateral skills enabling them to perform actions like touching an elbow, crossing both ankles, or having Lucas read from left to right.</span>
6 0
2 months ago
The bonus rates for each salesperson are determined by sales amounts using the following scale:__________.
soldi70 [3635]

Response:

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

Justification:

Below is the formula intended to be entered in cell C8:

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

This formula computes the bonus based on the provided data, utilizing the IF function. The formula begins with an equal sign, followed by IF and the application of all relevant terms.

7 0
2 months ago
Following is partial information for the income statement of Audio Solutions Company under three different inventory costing met
Nady [3600]

Answer:

The calculations are presented below:

Explanation:

1.                       FIFO    LIFO Average cost  

Cost of goods sold      

Beginning inventory       $11,200      $11,200  $11,200

(400 units ×  $28)                          

Purchases                       $16,625    $16,625   $16,625

(475 units × 35)                  

Total goods available $27,825    $27,825   $27,825  

Ending inventory             $18,025    $15,575    $16,695

(525 units)  

Cost of goods sold          $9,800    $12,250    $11,130  

Calculated using ending inventory = 475 × $35 + 50 × $28    

FIFO = $18,025  

For LIFO ending inventory: 400 × $28 + 125 × $35

Results in $15,575  

Average cost is found by: $27,825 ÷ $875    

Which equals 31.8      

Ending inventory is calculated as 525 × 31.8

This leads to $16,695

2.                           FIFO            LIFO         Average

Sales

(307 × $50)                $15,350         $15,350    $15,350

Cost of goods sold     $9,800    $12,250    $11,130

Gross Profit                 $5,550           $3,100      $4,220

Expenses                     $1,680           $1,680      $1,680

Net income                  $3,870           $1,420       $2,540

3. FIFO ranks as 3

LIFO ranks as 2

Average ranks as 1

5 0
2 months ago
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