Answer:
20,824 units
Explanation:
850x + [ 0.75 - 510,000 ] / x
solving the equation we get,
\(x^{2}\) = [ 0.75 - 510,000 ] / 850
x = 24.49
The number of items produced in each run should be;
510,000 / 24.49 = 20,824
a decrease in the trade-weighted value of the U.S. dollar will most likely result in which outcome
a. U.S. workers will be able to work in other countries more easily
b. U.S. businesses will be forced to accept more foreign currency.
c. U.S. consumers will have to spend more money to buy foreign goods.
d. U.S. products sold in foreign markets will be in lower demand.
Answer:
B
Explanation:
what is product curve
Answer: Product curves show the relationship between output and the quantity of a factor; they therefore have the factor quantity on the horizontal axis. Cost curves show how costs vary with output and thus have output on the horizontal axis.
question questionquestionquestionquestionquestionquestionquestionquestionquestion
Explanation:
what's the question I'm waiting to hear it
With what specific type of life insurance policy or policy dividends available
Whole life insurance policies pay dividends.
A contract between an insurance policy holder and an insurance company in which the insurer agrees to pay a quantity of money in exchange for a premium upon the demise of an insured person or after a specific amount of time is known as life insurance.
Insurance, often known as insurance coverage or insurance policy, is a contract between the insurer and the insured. The insurance offers financial protection against any losses the insured might incur in certain situations.
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A production possibilities frontier (PPF) graph would be used when a business wants to: A. determine outputs given the inputs available. B. create pricing systems. C. understand consumer demand. D. project rates of currency exchanges given political situations.
Answer:D duh
Explanation:
With political exchange economy grows and the rest of the solutions are solved
Swart Electrical is a Small, Medium and Micro Enterprise (SMME) specialising in electrical supplies in South Africa. The founder and CEO, Mr Swart prefers to solicit inputs from managers of different departments before formulating organisational goals. However, once planning has been concluded, he does not allow managers to deviate from the set goals. Which one of the following options is evident in the scenario regarding the costs of planning? Select one: a. Planning could cause delays in decision-making. O b. Planning consumes management time. O c. Planning demotes co-ordination. Qd. Planning may create rigidity.
The one options that is evident in the scenario regarding the costs of planning is: d. Planning may create rigidity.
Which evident in the scenario regarding the costs of planning?According to Mr. Swart's planning methodology, once objectives have been stated, managers are not permitted to stray from them.
This suggests that rigidity may have been a result of the planning process since it prevents flexibility or adaptability in response to a changing environment. While planning is crucial for providing direction and organizing efforts, if it is applied too strictly, it may also breed inflexibility.
Therefore the correct option is D.
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Sheila and Jim live in an island where they are the only two workers. Sheila can either catch 10 fish or gather 40 pounds of berries each day, and Jim can either catch 8 fish or gather 24 pounds of berries each day. Both of them work 200 days per year. At current world prices 1 fish trades for 3.5 pounds of berries. Who has the comparative advantage in producing berries
Answer:
SHEILA
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.
Sheila's opportunity cost in producing berries = 10/40 = 0.25
Jim's opportunity cost in producing berries = 8/24 = 0.33
Sheila has a lower opportunity cost in the production of berries and thus has a comparative advantage in the production of berries
Jacques lives in Chicago and runs a business that sells pianos. In an average year, he receives $701,000 from selling pianos. Of this sales revenue, he must pay the manufacturer a wholesale cost of $420,000; he also pays wages and utility bills totaling $247,000. He owns his showroom; if he chooses to rent it out, he will receive $9,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Jacques does not operate this piano business, he can work as a financial advisor, receive an annual salary of $32,000 with no additional monetary costs, and rent out his showroom at the $9,000 per year rate. No other costs are incurred in running this piano business.
What are Raphael's explicit costs of selling pianos?
1) The salary Raphael could earn if he worked in an accounting firm.
2) The wages and utilty bills that Raphael pays.
3) The wholesale cost for pianos that Raphael pays the manufacturer.
4) The rental income Raphael could receive per year if he chose to rent his showroom out.
What is this omg
I didn't saw a question like this
Given the demand and cost function shown below, calculate the profit maximizing quantity
Q(P) =2314-89P
c(Q)=12Q
The optimal quantity(Q) is 4.333, and the optimal price(P) is 24.82, using the provided demand and cost function.
The concept of profit maximization is an essential component in economics.
It's essential to determine the quantity of a commodity that must be produced in order to achieve the greatest profit. This can be accomplished by determining the point at which the marginal cost and marginal revenue are equivalent.
In this scenario, we are provided with the demand and cost function, which we must utilize to compute the optimal quantity demanded and profit maximized.
Let us determine the optimal quantity(Q) by using the given demand function. Given that Q(P) =2314-89P, we can rewrite it as follows:P = (2314-Q)/89.
This is a linear equation that shows the inverse relationship between quantity and price.
By setting the given cost function equal to marginal cost (MC), we can compute the optimal quantity (Q*).
Given that Mc(Q)=12Q and TC(Q)=6Q²+50Q+360, MC(Q*) = 12Q* and TC(Q*) = 6Q*²+50Q*+360, we can set them equal to one another:12Q* = 6Q*²+50Q*+3606Q*²+38Q*+360 = 0.
Solving for Q* by utilizing the quadratic formula, we get the optimal quantity, which is 4.333.
Therefore, Q* = 4.333The optimal price can now be determined using the inverse demand equation:P = (2314-Q*)/89P = (2314-4.333)/89P = 24.82.
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If the Mount Lemmon fire district attempts to implement age diversity initiatives , but these initiatives are defeated because the district is concerned that younger firefighters will be treated worse as a result, which of the following barriers mentioned in Section 4.6 is this an example of?
The barrier that this would describe as shown in the relevant section is negative diversity climate.
Negative Diversity Climate This refers to an environment that does not favor diversity. Stems from the notion that diversity would cause harm to those it is meant to favor.If age diversity is implemented in the fire district to help younger firefighters, they would be treated worse. This is therefore a negative diversity climate because the people to be helped will be worse off.
In conclusion, this is a negative diversity climate.
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Which position most likely requires a master’s degree for success?
Computer Programmer
Website Designer
IT Project Manager
Computer Scientist
Answer:
The answer is computer scientist
Anong ahensya kaya ng gobyerno ang dapat makialam sakasong ito?
DEPARTMENT OF ENVIRONMENT AND NATURAL RESOURCES(DENR)
PLEASE HELP ME QUICK!
Which of these is not an example of a trade restriction?
a. paying a subsidy to domestic farmers
b. charging a tariff on imports
c. taking land to build an airport
d. limiting the import of certain goods
Answer:
c. taking land to build an airport.
Explanation:
While the other options (a, b, and d) are examples of trade restrictions, the act of taking land to build an airport is not directly related to trade restrictions. It is more related to the acquisition of land for public infrastructure development, which may involve eminent domain or other legal processes.
Select the correct answer.
Which option will help you add visual effects to your presentation when you move from one slide to another?
OA.
slide background
OB.
slide master
Ос.
slide theme
OD.
slide transition
Answer:D. Slide transition
Explanation:
Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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On January 1, 2021, Clark Corporation sold an $800,000, 7% bond issued for $767,320. The bonds are to pay interest quarterly and mature in 5 years. The market rate of interest if 8%. What is Clark’s total cost of borrowing?
Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.
What is the total cost of borrowing?The total cost of borrowing includes the bond discounts and the interest expenses.
In this case, the total cost of borrowing is $344,702.87. However, this is only the pre-tax cost.
Data and Calculations:Face value = $800,000
Interest rate = 7%
Bonds proceeds = $767,320
Bonds discounts = $32,680 ($800,000 - $767,320)
Maturity period = 5 years
Market rate = 8%
Interest payment = quarterly
Quarter interest expense = $14,000 ($800,000 x 7% x 1/4)
N (# of periods) = 20 (5 x 4)
I/Y (Interest per year) = 8%
PMT (Periodic Payment) = $14,000 ($800,000 x 7% x 1/4)
FV (Future Value) = $800,000
Results:
PV = $767,297.13
Sum of all periodic payments = $280,000 ($14,000 x 20)
Total Interest = $312,702.87
Total cost of borrowing = $344,702.87 ($32,680 + $312,702.87)
Thus, Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.
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Where should you be on the focus-chaos scale to benefit from this course?
Based on the focus-chaos scale, to benefit from any course, you have to be on the left side of the scale.
What is the focus-chaos scale?This is a scale that is used to describe the focus and planning attribute of different types of people.
The people on the left are in the focus section and then to organize their lives well and embarked on planned activities. Youl'll have to lean towards this side to benefit from most courses as they require you to be organized in your learning.
The right side has the chaotic people who may not be organized, but someone find a way to live life successfully. It is harder to pass courses using this.
The complete question wasn't given so I gave a general discussion.
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An exchange rate is fixed when it:
Answer:
is independent of demand and supply in the market
Explanation:
when the government peg(fix) it at a certain value relative to other hard currencies like US dollar
The following time-phasing chart is available for a single item within an MRP system. Complete this chart by estimating inventory on hand and planned order release values. Lead time is 2 weeks, and order policy is 100 units, which means this part can be ordered only in 100-unit batches. Inventory replenishment is JIT; lead times are negligible. Week Number 1 2 3 4 5 6 7 8 9 10 Gross Requirements 80 95 110 50 Scheduled Receipt 100 Inventory on Hand Planned Order Release The following time-phasing chart is available for a single item within an MRP system. Complete this chart by estimating inventory on hand and planned order release values. Lead time is 2 weeks, and order policy is 100 units, which means this part can be ordered only in 100-unit batches. Inventory replenishment is JIT; lead times are negligible. Week Number 1 2 3 4 5 6 7 8 9 10 Gross Requirements 80 95 110 50 Scheduled Receipt 100 Inventory on Hand Planned Order Release
Orders for replenishment are anticipated to be received at the start of the period, or by planned order receipt. Release of the item's planned replenishment orders utilizing a lead-time offset is known as planned order release.
Why is inventory replenishment important?Reordering the proper stock products to satisfy customer demand is made possible through stock replenishment, which is a crucial component of inventory management. The act of moving things through the supply chain so they are prepared to be picked up and sent, in order to fulfill orders on time, is known as stock (or inventory) replenishment.
Using the information provided, we can complete the time-phasing chart as follows:
The Required are shown in the file given attached below.
In Week 1, there is a gross requirement of 80 units, but there are 100 units scheduled to arrive (in inventory). Therefore, there is no need to release any planned orders.
In Week 2, there is a gross requirement of 95 units, but there are only 20 units left in inventory (100 - 80). Therefore, a planned order release of 100 units is needed to meet the gross requirement of 95 units.
In Week 3, there is a gross requirement of 110 units, but there are only 25 units left in inventory (100 - 80 + 25). Therefore, a planned order release of 100 units is needed to meet the gross requirement of 110 units.
In Week 4, there is a gross requirement of 50 units, but there are 25 units left in inventory. Therefore, there is no need to release any planned orders.
In Week 5, there are no gross requirements or scheduled receipts. However, the inventory on hand is now 0, so a planned order release of 100 units is needed to maintain the 100-unit order policy.
In Week 6, a planned order release of 100 units arrives, bringing the inventory on hand up to 100 units.
In Week 7, a planned order release of 100 units is needed to meet the gross requirement of 50 units and maintain the 100-unit order policy.
In Week 8, a planned order release of 50 units is needed to maintain the 100-unit order policy.
In Weeks 9 and 10, there are no gross requirements or scheduled receipts, and the inventory on hand remains at 50 units. Therefore, there is no need to release any planned orders.
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One of the most important things to understand about the Income-Expenditure model is that as GDP (or national income) increases ________ increases as well.
Answer:
B. aggregate expenditure
Explanation:
Options are "A. aggregate demand B. aggregate expenditure C. aggregate supply"
One of the most important things to understand about the Income-Expenditure model is that as GDP (or national income) increases, Aggregate Expenditure increases as well. When income or GDP increases along with that, the Aggregate expenditure also rises. The GDP and Aggregate Expenditure shares positive relationship in the long run.
report on a case study of business ethics
a corporate ethics case study-
This sequential framework consists of:
Describe the specifics of the moral dilemma you initially saw.
List the pertinent details.
Identify the participants.
Explain the fundamental principles.
Consider the effects.
Find the applicable obligations and rights.
Consider which virtues are relevant.
Think about any pertinent connections.
An ethical case study is what?A collection of case studies on ethical difficulties that could come up when conducting physics research is known as the APS Ethics Case Studies. There are discussions that go along with many of the research. Researchers, teachers, and students are all expected to use these case studies as educational resources.
What kinds of case studies are there?Different Case Study Types
A community as a whole or a particular group of people may be the subject of a study. For instance, psychologists might investigate how a community's resource accessibility has impacted the residents' overall mental health.
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Marketing channels used to promote destinations and products include all but which of the following?
An attractive, effective, and easy-to-navigate website
Email marketing through newsletters and promotions
Online travel agents (OTAs) and booking engines
The marketing and sales departments in a company
Marketing channels used to promote destinations and products include all Email marketing through newsletters and promotions.
What are the 4 kinds of promoting channels?Websites, email, targeted digital advertising, and (digital or in-person) events are currently the most widely used marketing channels. Previously, individuals typically utilized an immediate circulation station (like mailers) or a circuitous promoting station (like TV).
What exactly are marketing channels and how do they work?The following are general functions that marketing channels carry out: carrying inventory, physically distributing products, supporting transactions, and providing after-sale service are all aspects of market information collection. Some of these tasks are easy to perform; However, there are a few that require explanation.
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Ethio Selam Company Consolidated Balance Sheet For 2021, September 30 (ETB millions) Assets Cash and cash equivalents Br. 842,000,000 Receivables 3,599,000 Inventories 702,000,000 Film and television costs 1,162,000 Other 1,258,000 Total current costs 7,563,000 Film and television costs 5,339,000 Investments 2,270,000 Theme parks, resorts, and other property, at cost Attractions, buildings, and equipment 16,160,000 Accumulated depreciation (6,892,000) 9,718,000 Project in process 1,995,000 Land 597,000,000 Intangibles assets, net 16,117,000 Other assets 1,428,000 Total assets 25,027,000 Liabilities and stockholders’ equity Accounts payable and accrued liabilities 5,161,000 Current portion of borrowing 2,502,000 Unearned royalties 739,000,000 Total current liabilities 8,402,000 Borrowings 6,959,000 Deferred income taxes 2,833,000 Other long-term liabilities 2,377,000 Minority interest 356,000,000 Common shareholders’ equity Common shares ($.01 par value) 12,101,000 Retained earnings 12,767,000 Cumulative translation and other adjustments (28,000) Treasury shares (740,000) 24,100,000 Total liabilities and stockholders’ equity 45,0270000 • Net income, Br. 920,000,000 • Cost of goods sold, Br. 21,321,000 • Net sales, Br. 25,402,000 • Inventory on 2021 September 30, Br. 796,000,000 • Total interest expense for the year, Br. 598,000,000 Calculate the following ratios and show your computations. For calculations normally involving averages, such as average stockholders’ equity, use year-end amounts unless the necessary information is provided. 1. Current ratio. 2. Net income to average common stockholders’ equity. 3. Inventory turnover. 4. Number of days’ sales in accounts receivable (assume 365 days in 2021). 5. EPS of common
Applying the knowledge of financial reporting, using the given information for Ethio Selam Company Consolidated Balance Sheet, for 2021:
1. The current Ratio = 184.2 : 1
2. Net Income to Average Stakeholders' Equity = 7602.7%
3. Inventory Turnover = 0.03 times
4. Number of Day's Sales in Account Receivable = 51.7 days.
5. EPS (Equity Per Share) = Br. 76.0.
This problem is about Financial Reporting.
Many people receive and analyze financial information about business firms. These people include managers, employees, directors, customers, suppliers, owners, lenders, potential investors, potential creditors, brokers, regulatory authorities, among others.
Financial reporting provides useful information to users of accounting information.
Many of the users of accounting information do employ certain ratios to analyze and interpret the financial statement presented to them to enable them take decision.
This question reveals some of such ratios. Let's calculate each of them for the given company given the information provided:
1. Current Ratio: This is the ratio that shows the relationship between current assets and current liability.
Given:Current Assets = Br. 1,547,599,000
Current Liabilities = Br. 8,402,000
Current Ratio = \(\frac{Current . Asset}{Current. Liabilities}\)
Therefore:Current Ratio = \(\frac{1,547,599,000}{8,402,000} = 184.19\)
Therefore, current Ratio = 184.2 : 1
2. Net Income to Average Stakeholders' Equity: This measures success of a business in reaching this goal.
Given:Net income = Br. 920,000,000
Common Shares = 12,101,000
Thus:Net income/common stakeholders' equity x 100 = \(\frac{920,000,000}{12,101,000} \times 100 = 7602.7 \%\)
3. Inventory Turnover: This measures how long a company holds merchandise inventory before selling it.
Inventory Turnover = lost of goods sold / Average Inventory
Given:Cost of goods sold = Br. 21,321,000
Average Inventory = \(\frac{702,000,000 + 796,000,000}{2} = 749,000,000\)
Therefore,Inventory Turnover = \(\frac{21,321,000}{749,000,000} =\) 0.03 times
4. Number of Day's Sales in Account Receivable: This measures how frequently a company collects its accounts.
No. of day's sales in account receivables = account receivable / Credit Sales x 365 days
Given:Account Receivables = 3,599,000
Credit Sales (Net Sales) = 25,402,000
Thus:No. of day's sales in account receivables = \(\frac{3,599,000}{25,402,000} \times 365\) = 51.7 days.
5. EPS of Common Stakeholders' Equity: This measures the return on common stakeholders' equity.
EPS (Equity Per Share) of Common Share = Net Income / Average Common Stakeholders EquityGiven:Net Income = Br. 920,000,000
Average Common Stakeholders' Equity = 12,101,000
Therefore:EPS = \(\frac{920,000,000}{12,101,000}\)
= Br. 76.0.
Therefore, applying the knowledge of financial reporting, using the given information for Ethio Selam Company Consolidated Balance Sheet, for 2021:
1. The current Ratio = 184.2 : 1
2. Net Income to Average Stakeholders' Equity = 7602.7%
3. Inventory Turnover = 0.03 times
4. Number of Day's Sales in Account Receivable = 51.7 days.
5. EPS (Equity Per Share) = Br. 76.0.
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A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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as the tax assessor for Indian creek county, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $800,000,000. currently, the assessment rate is 35% and the tax rate is 40 mils. The county commission increases the assessment rate to 45% and the tax rate to 45 mils
Answer:
this didnt make sense but ok
Explanation:
Why does a country need fewer banks
Answer:
Explanation:
Despite the consolidation of the sector, authorities will not refrain from issuing new licences. Instead, they are expected to continue granting new banking licences in the future. That said, we can also expect more mergers and acquisitions in the sector as experts predict the consolidation will continue in the coming years.
According to the Central Bank of Kenya, banks that will embrace innovation and adopt new technologies will have unprecedented opportunities to change and improve how they provide financial services and products. At the same time, they must manage the risks created by the new digital economy,
The Kenya Bankers Association’s State of the Banking Industry report 2019 revealed that financial technology is increasingly changing the shape of the banking industry in the sense that competition in the provision of financial services is well beyond the formal regulated institutions.
It further states that new entrants with digital prowess will gain prominence, while many incumbent lenders will be forced to alter their strategies to compete. There will be greater industry fragmentation and blurring of industry boundaries, with financial services increasingly offered by an emerging breed of nonbanks.
Richard Njoroge told International Finance, “Consolidation can be regulator driven, such as through requirements for higher capital levels as was the case in Nigeria, or market-driven. Attempts by the regulator in the past to increase the level of minimum capital have not gone far as these proposals have been blocked in Parliament. In my view consolidation will be driven by business imperatives, which make it difficult for banks below a certain scale to be competitive. Consolidation has taken a while, but we are already seeing this starting to happen. I expect that we will have fewer banks in 10 years’ time.”
An investor sells 150 shares of Amazon (AMZN) stock at $35.00 and pays a $7 commission. What is the total amount of money received by the investor ?
$5,243
$5,250
$5,520
Please help me answer it correctly
Answer:$5,257 well....thats not an option so im sorry....if i were to guess based on answer opitons i would pick $5,243
Explanation:
:)
Calculating Returns and Variability (LO1) You’ve observed the following returns on Regina Computer’s stock over the past five years: 7%, −12%, 11%, 38%, and 14%. a. What was the arithmetic average return on Regina’s stock over this five-year period? b. What was the variance of Regina’s returns over this period? The standard deviation?
The arithmetic average return that Regina Computer stock saw on its returns over the five years was 11. 6 %
The variance of the returns over the period was 320.3, and the standard deviation was 17.9 %
How to find the arithmetic mean?The arithmetic mean on returns can be found by summing up all the returns and then dividing this by the number of returns.
The arithmetic mean to Regina stock in the five year period was therefore:
= (7 % + - 12% + 11 % + 38 % + 14 % ) / 5
= 58 % / 5
= 11. 6 %
Using this mean, the variance can be found on a spreadsheet to be 320.3.
The standard deviation is the square root of variance so the standard deviation of Regina Computer stock in the past 5 years is:
= √ Variance
= √ 320.3
= 17.89
= 17.9 %
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I NEED IT ASAP!!!!!!!
a) Search for a "family budget estimator" and calculate the monthly expenses for a family living in your city.
Insert a screenshot of the calculator you used, as well as all of the information you entered into it. If you are unable to insert a screenshot, then list the information below
b) State the minimum monthly income and hourly wage per worker needed to cover monthly expenses for the family you used in part a. Then, explain how to calculate the hourly wage based on the monthly income and state the hourly wage. Assume that each full-time worker works four 40-hour work weeks per month, and each part-time worker works two 40-hour weeks per month
c) Keeping all other criteria the same, add a child to the family you used in part a to determine the monthly expenses. How does an additional child impact the family budget and hourly wage? Which category was least affected by this change? Explain why you think there was little impact to this category
The main significance of a family budget estimator is that it helps to effectively manage money and helps the family to spend their money wisely on the things they needs.
What is a family budget estimator?This budget estimator helps to measures the income that a family needs in order to attain a modest yet adequate standard of living. The budgets also estimate the community-specific costs for 10 family types (one or two adults with zero to four children) in all counties and metro areas in the United States.
Based on the attached image:
MONTHLY COSTS
••• adults and ••• children
••• 2 adults and 4 children
Union County, NJ
HOUSING ••• $1,731
FOOD ••• $1,142
CHILD CARE ••• $1,723
Transportation ••• $1,173
HEALTH CARE ••• $1,528
OTHER NECESSITIES ••• $1,159
TAXES ••• $1,411
Monthly Total ••• $9,865
Annual Total ••• $118,386
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