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Michelle has four credit cards with the balances and interest rates listed below. Rather than budget to pay each of the credit cards off in 36 months, Michelle would like to pay them off one at a time based on the balance for each credit card. In which order should Michelle pay off her credit cards? Credit Card Balance APR #1 $4,380 17% #2 $1,365 19% #3 $2,480 23% #4 $5,000 15%

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Answer:

#4, #1, #3, #2

Step-by-step explanation:

We will calculate the total amount for each of the credit card and then arrange them in descending order according to their interest after 36 months (3 years)

Interest on Credit card 1 = frac{4380*17*3}{100}

                                        = $2233

Interest on credit card 2 = frac{1365*19*3}{100}

                                        = $778

Interest on credit card 3 = frac{2480*23*3}{100}

                                        = $1656

Interest on credit card 4 = frac{5000*15*3}{100}

                                        = 2250

Hence the correct order to pay off all the credit card balances is

#4, #1, #3, #2

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The property taxes on a house that Alan owns and rents out to have increased. to balance his monthly budget, he decides to increase his talents rent by $10 per month. he will use extra money to pay his property tax. in this scenario, what type of tax do his tenants pay?

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The property taxes on a house that Alan owns and rents out to have increased. to balance his monthly budget, he decides to increase his talents rent by $10 per month. he will use extra money to pay his property tax. in this scenario, what type of tax do his tenants pay?

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Research department 8 employees budget of $11,500

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Research department 8 employees budget of $11,500

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What most distinguishes projects with a strong need for computer animation from projects without such a strong need? the length of schedule the size of the budget amount of planning demands of clients

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Answered by answersmine AT 22/10/2019 – 04:19 AM

Computer animation is the process used for generating animated images with computers. It is also referred to as CGI (Computer-generated imagery or computer-generated imaging).
If you understand the basic film
processes (editing, sound, continuity) you could make an animated film
either by making one drawing after another, moving an object frame by
frame in front of the camera, or using some animation software. However, when it comes to big project what most 
distinguishes projects with a strong need for computer animation from projects without such a strong need is the size of the budget, because people that know the animation industry and work well should be additional included in the project and paid.

Post your answer

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According to the 2012 budget, which two functions received the least spending? 1. international affairs 2. national defense 3. transportation 4. Social Security 5. income security

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The correct answer are 1 and 3, as International Affairs and Transportation received the least spending in the 2012 United States federal budget.

Social Security received $773 billion, National Defense received $678 billion, Income Security was allowed to spend until $541 billion, Transportation received $91 billion, and International Affairs received only $47 billion.

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What average global temperature is maintained when there is a balance in Earth’s energy budget?

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What average global temperature is maintained when there is a balance in Earth’s energy budget?

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How Do You Sell More Walnuts In A Perfectly Competitive Market? If the equilibrium price in a perfectly competitive market for walnuts is $4.99 per pound,then an individual firm in this market can A. Not sell additional walnuts unless the firm lowers its price. B. Not sell additional walnuts at any price because the market is at equilibrium. C. Sell an additional pound of walnuts at $4.99. D. Sell more only by increasing its advertising budget. the subject is Economics.

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Employee                                 Mary      Zoe         Greg         Ann           Tom

Cumulative Pay                       $6,800   $10,500  $8,400    $66,000   $4,700

Pay subject to FICA S.S.         $421.60  $651.00  $520.80 $4092.00 $291.40
6.2%, (First $118,000)

Pay subject to FICA Medicare $98.60 $152.25    $121.80    $957.00    $68.15
1.45% of gross

Pay subject to FUTA Taxes      $40.80  $63.00     $50.40    $396.00  $28.20
0.6%

Pay subject to SUTA Taxes   $367.20  $567.00  $453.60  $3564.00 $253.80
5.4% (First $7000)

Totals                                     $928.20 $1,433.25 $1,146.60 $9,009.00 $641.55

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What is the main goal of the creation of the federal budget

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1- The correct answer is B, as one result of the Great Society was that the lives of many underprivileged Americans improved.

The Great Society was a set of US national reform programs announced by President Lyndon B. Johnson for the first time in a speech at Ohio University on May 7, 1964 and more fully illustrated on May 22, 1964 at the University of Michigan. These reform programs were subsequently presented to the Congress of the United States and largely approved during the 1960s, thanks to the consent of its supporters of the Democratic Party.

Two main goals of social reforms were the elimination of poverty and racial injustice. During this period new large spending programs were launched in the fields of education, medical care, urban problems and transport. Johnson’s “Great Society” was linked, in its objectives and policies, to President Franklin Delano Roosevelt’s New Deal program.

Some proposals of the Great Society resumed initiatives contained in the New Frontier program, interrupted by the tragic death of President John F. Kennedy. Johnson’s success in promoting and endorsing his reforms depended on his considerable congressional political influence, his persuasion, and the favorable historical circumstances resulting from the 1964 presidential elections, which allowed the Democratic Party to dominate Congress and to elect the House of Representatives with the largest number of exponents of the liberal current since 1938.

The evolution of the Vietnam war and the massive involvement of the American military machine in the conflict, however, partly undermined the success of the “Great Society” program. Growing, huge expenditures for the continuation of the war made more difficult to finance the reform programs. Representatives of the Democratic Party against the war in Vietnam complained that military spending decisively stifled the Great Society program. On the whole, however, despite growing political and economic difficulties, which forced the administration to eliminate or reduce the financing of some projects, President Johnson managed to activate a series of programs of great importance, including Medicare, Medicaid, the Older Americans Act and the federal education funding, which are still active.

2- The correct answer is C, as the Immigration and Nationality Act of 1965 was necessary because the previous existing American immigration policies were discriminatory.

On October 3, 1965, President Lyndon B. Johnson signed the law into effect, saying: “The [old] system violates the basic principle of American democracy, the principle according to which the valuation and reward of each man should be established on the basis of his merits as a man. It has been anti-American in the highest sense, because it has been unfaithful to the faith that led thousands to these shores, even before we were a country. ”

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As the product life cycle curve approaches the decline state, a company can attempt to jumpstart the curve again by doing which of the following? find new users and new uses increase the size of their sales force increase the advertising budget increase free samples as incentives to buy none of the above

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The Contribution Margin per unit (CM) can be calculated
from the difference of Selling Price per unit (SP) and Total Expenses per unit
(TE).

 

First, let’s calculate the value of SP:

SP = Sales / Units sold

SP = $1,043,400 / 22,200 units sold

SP = $47

 

Second, calculate all expenses:

Direct materials per unit = $234,948 / 27,970 units
manufactured = $8.4

Direct labor per unit = $131,459 / 27,970 units
manufactured = $4.7

Variable manufacturing overhead per unit = $240,542 / 27,970
units manufactured = $8.6

Variable selling expenses per unit = $113,220 / 22,200
units sold = $5.1

TE = $26.8

 

Therefore the CM is:

CM = SP – TE

CM = $47 – $26.8

CM = $20.2 per unit

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Robert's coworkers have decided to organize a strike against their employer. they say they won't report to work until they receive a pay increase. robert doesn't really feel this is fair because he knows the budget has been cut, and the employer is trying to discuss other ideas with the workers. robert decides to participate in the strike anyway. robert's actions can best be explained by:

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Robert’s coworkers have decided to organize a strike against their employer. they say they won’t report to work until they receive a pay increase. robert doesn’t really feel this is fair because he knows the budget has been cut, and the employer is trying to discuss other ideas with the workers. robert decides to participate in the strike anyway. robert’s actions can best be explained by:

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How is the national debt affected by the national budget? A. The debt decreases as the government prints money. B. The debt decreases when spending is greater than taxes. C. The debt increases every year that there is a budget deficit. D. The debt increases when the budget is balanced.

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How is the national debt affected by the national budget? A. The debt decreases as the government prints money. B. The debt decreases when spending is greater than taxes. C. The debt increases every year that there is a budget deficit. D. The debt increases when the budget is balanced.

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What occurs if the government has more expenses than revenue? A. There is a budget deficit, and the government may increase taxes to get more money. B. There is a budget deficit, and the government may distribute foreign currency. C. There is a budget surplus, and the government may purchase bonds. D. There is a budget surplus, and the government may refund money to taxpayers.

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The Contribution Margin per unit (CM) can be calculated
from the difference of Selling Price per unit (SP) and Total Expenses per unit
(TE).

 

First, let’s calculate the value of SP:

SP = Sales / Units sold

SP = $1,043,400 / 22,200 units sold

SP = $47

 

Second, calculate all expenses:

Direct materials per unit = $234,948 / 27,970 units
manufactured = $8.4

Direct labor per unit = $131,459 / 27,970 units
manufactured = $4.7

Variable manufacturing overhead per unit = $240,542 / 27,970
units manufactured = $8.6

Variable selling expenses per unit = $113,220 / 22,200
units sold = $5.1

TE = $26.8

 

Therefore the CM is:

CM = SP – TE

CM = $47 – $26.8

CM = $20.2 per unit

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A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. the balance of accounts receivable can be obtained from the? _

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Initial investment on Jan 1, 2013 = (500 shares)*($24 per share) = $12,000

Dividend collected at the end of 2013 = $2.50*500 = $1,250
Dividend collected at the end of 2014 = $4*500 = $2,000
Dividend collected at the end of 2015 = $3*500 = $1,500
Mony received from sellng the 500 shares at the end of 2015 = $20*500 = $10,000

Total returns at the end of 2015 = 1,250+2,000+1,500+10,000 = $14,750
Net gains = 14750 – 12000 = $2,750
Duration = 3 years
Realized total rate of return = 2750/12000 = 0.2292 = 22.9%

Answer: 22.9%

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The? month-end figures are in. although the production quantity met? goals, the scrap rate was over budget. the managers reviewing these numbers are engaging in? _____________.

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The? month-end figures are in. although the production quantity met? goals, the scrap rate was over budget. the managers reviewing these numbers are engaging in? _____________.

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Often, the sum of the initial estimated costs is greater than the amount of funds budgeted by the sponsor. what should be done to arrive at an acceptable budget amount

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Often, the sum of the initial estimated costs is greater than the amount of funds budgeted by the sponsor. what should be done to arrive at an acceptable budget amount

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Chelsa manufacturing co.’s static budget at 5,000 units of production includes $40,000 for direct labor and $5,000 for variable electric power. total fixed costs are $23,000. at 8,000 units of production, a flexible budget would show a. variable and fixed costs totaling $107,000 b. variable costs of $64,000, and $28,000 of fixed costs c. variable costs of $64,000, and $23,000 of fixed costs d. variable costs of $72,000, and $23,000 of fixed costs

[ad_1]

The Contribution Margin per unit (CM) can be calculated
from the difference of Selling Price per unit (SP) and Total Expenses per unit
(TE).

 

First, let’s calculate the value of SP:

SP = Sales / Units sold

SP = $1,043,400 / 22,200 units sold

SP = $47

 

Second, calculate all expenses:

Direct materials per unit = $234,948 / 27,970 units
manufactured = $8.4

Direct labor per unit = $131,459 / 27,970 units
manufactured = $4.7

Variable manufacturing overhead per unit = $240,542 / 27,970
units manufactured = $8.6

Variable selling expenses per unit = $113,220 / 22,200
units sold = $5.1

TE = $26.8

 

Therefore the CM is:

CM = SP – TE

CM = $47 – $26.8

CM = $20.2 per unit

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Damian wants to save $7200 to buy a car within the next 2 years. How could a monthly budget be created to help Damian save enough money to buy a car in a timely manner with minimal effect on his other essential expenses?

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Damian wants to save $7200 to buy a car within the next 2 years. How could a monthly budget be created to help Damian save enough money to buy a car in a timely manner with minimal effect on his other essential expenses?

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Which one of the following statements contains bias? A. The school budget was reduced by 20 percent. B. It was Sunday afternoon before he finished. C. It has rained for three days without stopping. D. The employees whined about their low wages.

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The sentence that contains a helping verb is the last one, “We should stop and ask for directions”

Explanation: Helping verbs are useful because they help the main verb in a sentence to have an extended meaning. These verbs are used to form sentences with complicated tenses such as the progressives and the perfect tenses. They are needed to create the structure of a sentence.

Some helping verbs are: were, been, has, had, did, do, does, should, can, could, may, among many others.

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Which party has a balanced budget amendment as one of its principles?

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The correct answer is alternative D: “The United States should explore many different sources of energy.”

The Republican Party is one of the two major political parties of the United States, and is the party of the current president Donald Trump. This party has elected many important presidents over the course of its history, such as Abraham Lincoln, Theodore Roosevelt, Dwight Eisenhower, Richard Nixon, Ronald Reagan and George Bush senior and son.

Through history this political parties has expressed its desire to explore alternative sources of energy so as to achieve energy independence from other nations.

For this reason, the correct alternative is letter D.

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What is the key idea in this passage that affects whether or not the library can be open more often? A. The city budget B. The frustrated students C. The disappointed families D. The library staff

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A. The crowd is mortified by Antinous’s actions.

The very discomfort of the crowd in face of Antinous threat towards the beggar shows us a disapproval.

B. A man verbally criticizes Antinous.

A reiteration of the crowd’s disapproval, confirming the greek’s general disregard for lack of hospitality.

D. People are afraid that the gods will punish inhospitable behavior.

The verbal critics from a man in the crowd reveal to us this common belief held by the Greeks – the belief of the gods disguising as men among them, in order to judge them. That would very well serve as a sustainable argument to justify this appreciation.

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When preparing food for yourself, what do you not need to consider as you plan the meal? a. personal food preferences b. other’s food allergies c. the nutritional value of the food d. your budget for the food

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The answer is “Recalculate the calories she needs to consume”.

As with such a significant number of things, it relies upon your objectives. In case you’re attempting to manufacture muscle, you have to expend a larger number of calories than you’re consuming, while fat misfortune requires the inverse.  

A straightforward and successful approach to figure your calorie target is to increase your weight in kilograms by 29 for fat misfortune or 40 for muscle gain. Subsequently, a man who gauges 80kg should plan to devour 2,320 calories per day to get in shape and 3,200 calories per day to construct muscle.

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A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends a direction for your financial activities is a(n) A. insurance prospectus. B. financial plan. C. budget. D. investment forecast.

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Let:
x = amount in the account invested in 2.5%
20000 – x = amount in the account invested in 3%

Solution:
.025x + .03 (20000 – x) = 540
.025x + 600 – .03x = 540
-.005x + 600 = 540
-.005x = 540 – 600
-.005x = -60
x = 12000

Therefore, that person invests 12,000 at 2.5%
and
20,000 – 12,000 = 8,000 at 3%

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Sidney works in the accounting department. His boss just assigned him a task that involves creating budget formulas for the company’s payroll expense reports. Sidney will be using Excel spreadsheets to calculate the company’s payroll expense reports. In Excel, what does Sidney need to consider when creating formulas? A. Excel has predefined formulas, so you don’t have to create any formulas from scratch. B. Excel performs operations based on the order of precedence. C. Excel has third-party formulas you can purchase from Microsoft. D. Excel has limited capabilities, so it would be easier to use payroll software for this application.

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The option that you’re looking for is the Insert Tab.

Slide elements generally refer to the objects that you can put inside a slide in most presentation programs. This includes elements such as shapes, texts, pictures, videos, and even audio files. The Insert Tab can generally be accessed on the toolbar pinned to the top of your presentation program.

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Mighty Corporation manufactures end tables. Each end table requires .50 direct labor hours in its production. Mighty Corporation has a direct labor rate of? $15 per direct labor hour. The production budget shows that Mighty Corporation plans to produce? 1,000 end tables in March and? 1,100 end tables in April. What is the total combined direct labor cost that Mighty Corporation should budget in March and? April?

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The actual cash received from cash sales was $14,356 and the amount indicated by the cash register total was $14290

a.what is the amount deposited in the bank for the day’s sales?

14,356
Because this is the amount which is actually received by sales

b.What is amount recorded for the day’s sales?

14,290
Because this is the amount which has been recorded in the cash register.

c.How should the difference be recorded?

Dr Cash 14,356 
Cr Over/Short 66 
Cr Sales 14,290

d. If a cashier is consistently over or short what action should be taken?

First of all we need to find out that whether the cashier is genuinely making mistakes or there is a case of theft.There would be some close monitoring. If they are just mistakes, maybe some extra mentoring in cash handling would help.

E5-18

Part a and b are informational and thus we dont have to do anything with them.

Part c and d are reconciling terms.

Parts e and f needs entries to adjust the company’s books. For e there needs to be a debit to cash for the incorrect amount and a credit for the correct amount. For f there needs to be a credit to cash.

E.
(Dr) Cash in bank $540 
(Cr) Accounts payable $540
$710 – $170

F.
(Dr) Bank charges $50 
(Cr) Cash in bank $50

Bank reconciliation:
Cash balance per book $24,010
Add: error $540 
Less: Debit memo $50
Adjusted book balance $24,500

Cash balance per bank $22,750
Add: Deposits in transit $9,100 
Less: Outstanding checks $7,350 
Adjusted bank balance $24,500

Hope you get it.

Get back to me in case you have any doubts.
I would be happy to help.

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I WILL UPVOTE U IF U HELP!!!!! The Congressional Budget Office was created in order to assist members of Congress in setting the parameters of the federal budget. assist the president in developing and carrying out the budget. collect revenues and administer the federal income tax. hold public hearings on the federal budget. set levels of spending on military and social programs.

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Posted in Advanced placement (ap)

Aassistmembers of congress


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