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- you have $84.25. you get additional money for mowing lawns. then you purchase a new pair of shoes for $75.49 and $63.76 left. how much money do you earn mowing lawns?You are choosing between buying a home or continuing to rent.You value the home at $1,000,000 (one million dollars) over the course of your life.The home will cost $600,000, which includes the $400,000 price tag for the house itself,$100,000 in mortgage interest payments, and $100,000 in repair costs.You value the apartment you'd live in at $800,000 over the course of your life, and it will cost$500,000 in rentWhat is the economic surplus of buying the house? Don't include commas or dollar signs inyour answer.Your paycheque for the year is higher this year than last year. Does that mean that your real income has increased?
- Jill took $50,000 that she had in savings and started her own business. If left in investments, she would have earned $5,000 this year. Jill also left a job that paid her $70,000 a year and plans on paying herself $40,000. Materials and other labor costs will be $80,000. The company is located in a building that Jill owns. She has an insurance and mortgage payment of $20,000. She could have rented the building out for $40,000. What are the accounting and economic costs? The accounting cost is $ and the economic cost is $Jill took $40,000 that she had in savings and started her own business. If left in investments, she would have earned $4,000 this year. Jill also left a job that paid her $50,000 a year and plans on paying herself $30,000. Materials and other labor costs will be $60,000. The company is located in a building that Jill owns. She has an insurance and mortgage payment of $10,000. She could have rented the building out for $20,000.For credit card accounts, the interest rate is normally expressed as the Annual Percentage Rate. This interest rate is considered effective. a True b False
- Plan to Save You will need to spend money to achieve most of the long-term goals you set in your life. It could be money to pay for your education, buy a house, raise a family, travel, start a business, and so on. Because you need money to achieve your most valued long-term goals, you also need to create a savings plan as a part of your overall financial plan. Saving is not something that just happens for most people. It is the result of careful planning and controlled spending. Consider Walter, who would like to save $300 per month toward the purchase of a home. Walter's income and spending in the past month are shown below. Use this information to answer the questions that follow. Walter's Income Income Spending Net (after tax) Wages $2,850.00 Rent/Utilities S751.76 Interest Earned $64.07 Food $348.32 Stock Dividends $120.00 $239.42 Clothing Transportation $499.61 Loan Payments S299.00 Entertainment $454.92 Insurance $231.42 Other $273.45 4. Which types of spending could Walter…Which of the following is not something you need to consider when planning for retirement? how much money you need to do what you want in retirement where you want to live where you are going on vacation in two weeks what you want to do when you retireSarah is unemployed if she is working at the accounting department of General Motor. is laid off and still looking for a job. has looked for a job for two months and then give up looking. is not looking for a job.