Ken spent 1/4 of his money and an additional $6 on a number of CDs. He then spent 3/5 of the remaining money and an additional $12 on magazines. Given that he was left with $18, what fraction of his money was spent on magazines? Kurqaahshshshs
Q: Angela's monthly disposable income is $1,749. She has monthly expenses of $1,548 (including…
A: Savings refers to portion of disposable income left after payment of all expenses or liabilities.
Q: Schlitz bought some new material which cost $1,000 and which had credit terms of 1/10 net 30.…
A: 1/10 net 30 means the trade credit offered to a customer for the sales of goods and implies if the…
Q: Jeff Jones bought a ring for $4,000 from Zales. He must pay a 7% sales tax and 10% excise tax. Since…
A: A price that includes taxes and other relevant charges to possess a particular asset is term as the…
Q: Lia spent $140 on shoes. This was $50 less than twice what she spent for a skirt. How much was the…
A: Let x be the cost of the skirt. Twice the cost of the skirt is 2x. The shoes cost $50 less than…
Q: Jordan took a business trip from New York to Denver. She spent two days in travel, conducted…
A: The cost of traveling for the purpose of conducting any type of business or profession is referred…
Q: Dr. Belo has a total of 14 bills in his wallet. Some are P50 bills and the rest are P100 . The total…
A: Suppose count of P50 = X and count of P100 = Y
Q: Jennifer has the transactions below, what is the combined impact on her net worth when considering…
A: A financial indicator known as net worth shows the difference between an individual's or an entity's…
Q: Inno earns P^(180000).00 a year. If he spends (1)/(5) for food, (1)/(8) for rent, (1)/(10) for…
A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…
Q: Marcus runs a business selling reclining chairs. He buys 540 chairs for $55 each (including GST)…
A: Solution: Marcus buys 540 chairs for $55 each (including GST) and He…
Q: Andrew has purchased a new car. He want to set aside enough money in a bank account to pay the…
A: Present value of future cash flows Discount rate 5%
Q: Imagine that a student graduated from college with a degree in education, and they got a full-time…
A: Bankruptcy is a situation when the borrower is not having enough money to repay the scheduled…
Q: Financial Position 1. John James has assets of $ 150 000 and liabilities of $ 65 000. What is her…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Jack Lowes $358.32 on his Visa account. He returns two items costing $23.13 and $32.77 for credit.…
A: Total amount to be paid off shall be: = Opening Balance + Purchases - Returns Further, the said…
Q: Jordan took a business trip from New York to Denver. She spent two days in travel, conducted…
A: Total deductible expenses are the total expenses that can be subtracted from a taxpayer's gross…
Q: Mr. Rizki is a private employee who is currently planning to buy a car to support mobility in his…
A: The interest rate is used to calculate the amount of interest per period that will be paid. The…
Q: ster has a small store. For the current month, she purchased merchandise costing 75000 for which she…
A: Part a: The cost of sales includes the purchasing cost of the goods which are sold by the company.…
Q: 2. Jeffrey purchased a new car. He wishes to set aside enough money in a bank account to pay…
A: Interest Rate = 5% Year Maintenance Cost 1 6720.00 2 8400.00 3 10080.00 4 11760.00 5…
Q: Using the information below, determine Brian's Net Worth. Savings Account: $5,400, Checking Account:…
A: Net worth = Total assets - Total liabilities
Q: Erin O’Malley looked over her savings account statement. Her previous balance was $981.93. She made…
A: New balance = Previous balance + deposits + interest earned - withdrew
Q: n Searcy buys a condominium for $96,200. He makes a 5% down payment, and pays these closing costs:…
A: Down payment is the amount to be paid by the buyer of the home that is cash money out of pocket of…
Q: Mike Solid started a pizzeria in 1999. For this purpose he rented a building for $1,800 per month.…
A: Projected Income Statement For the year ended 31 December 2002…
Q: ) What amount of these costs can Melissa deduct as business expenses? b) Suppose that while Melissa…
A:
Q: LO.3 Adelene, who lives in a winter resort area, rented her personal residence for 14 days while she…
A: The effect on the Adelene's AGI :
Q: 2. Riley's financial advisor believes that she should spend no more than 24% of her gross monthly…
A: Annual salary of employees means how much employee earns in an year. Salary will be received monthly…
Q: Dave invests $3,700 in a savings account at his local bank which gives 3.296 simple annual interest.…
A: Investment means engaging your funds to generate income for the future. Interest is an income on…
Q: Four boys, Carl, Peter, Elijah and Ryan saved some money. Peter's savings was of the total savings…
A: Savings are that portion of Income that is not spent. It can be invested to earn future income.
Q: A man bought a car for $250 and he spent $15. If he sells out the car for $500. Calculate gain…
A: The provided information are: Cost price of the car = $250 Amount spent = $15 Total cost price of…
Q: Sam bought a ring for $2,000 from Zales. He must pay at 6% sales tax and 9% excise tax. Since the…
A: Purchase price refers to the final amount that is being paid by the purchaser for buying any goods…
Q: Harri spent $250 at the supermarket. This was seventy-seven dollars less than three times what he…
A: A mathematical statement known as an equation is made up of two expressions joined together by the…
Q: Joe Gallegos purchased a calculator for $14.18 and paid with a $20 bill. How much change did he get?
A: To calculate the change that Joe Gallegos has received, we need to subtract the cost of the…
Q: I got $0 for questions 1,2 are NOT correct, can you help me correct and explain it? tks 1). Jamie…
A: Jamie, as a single taxpayer, engaged in purchasing household goods both above and below the $1,000…
Q: ollowing transactions? If not, why not? A) Lucy sells her car to Karen for $5,000 cash. B) Lucy…
A: The transactions which are relating to business activities should be recorded in the books of…
Q: Two people contributed to their IRA. One person had a FV total of -$1,452 and the other had a FV…
A: Individual retirement accounts or IRAs are accounts that allow individuals to make contributions…
Q: I am stuck on what my utility expense for my income statement. I had $30K utilities the first year…
A: Utility expenses are the cost incurred for different utilities consumed by the organisation. The…
Q: The Lahiri family rents a room in their home on Airbnb. They deposit all of the money that they earn…
A: Revenue for 5 years is provided and future value for all the cash flows will be detemrined. Here,…
Q: Construct a personal income statement for the Humperdinck family usingthe following information:…
A: Income statement is one of the financial statement prepared periodically by the company depicting…
Q: Maria Lopez shares an apartment with a friend. They divide all expenses evenly. Maria's monthly…
A: Net profit refers to an amount that is earned after deducting all the expenses from the revenue…
Q: Ed and Marta are paid $2 comma 410 after taxes every month. Monthly expenses include $777 on…
A: The objective of the question is to calculate the savings ratio of Ed and Marta based on their…
Step by step
Solved in 4 steps with 3 images
- Ken spent 1/4 of his money and an additional $6 on a number of CDs. He then spent 3/5 of the remaining money and an additional $12 on magazines. Given that he was left with $18, what fraction of his money was spent on magazines? EoeoeoeoeiekkKen spent 1/4 of his money and an additional $6 on a number of CDs. He then spent 3/5 of the remaining money and an additional $12 on magazines. Given that he was left with $18, what fraction of his money was spent on magazines? Ieiejeekkejejejekeekekejejeje1/3 of Milo's money was 4/5 of Alan's money. If Milo gave $18 to Alan and he returned $4 to him a few days later, then both of them would have an equal amount of money left. How much did Milo have at first?
- Inno earns P^(180000).00 a year. If he spends (1)/(5) for food, (1)/(8) for rent, (1)/(10) for clothing, and (1)/(20) for recreation: a. How much does he spend for each? b. How much is his total expenses? c. How much does he save? d. What fractional part of his earnings is his savings?Peter and Cindy each had some money at first. Peter started spending $1.20 daily. After 15 days, Cindy started spending 1 2/3 of what Peter spent daily. When CIndy spent all of her money, she had spent $11.60 more than Peter. a) How many days did Cindy take to spend all of her money? b) How much did Peter spend in total when Cindy spent all of her money? Eieiwwiwiwkwkkwa Don’t use an aiMarcos purchases a top-up card for his pre-paid cell phone. His remaining balance, B, can be modeled by the equation B = 45 – 0.35n, where n is the number of minutes he's talked since purchasing the card. a) How much money was on the card when he purchased it? $ Which intercept is this? Select an answer v b) How many minutes will he have talked when he runs out of money? minutes. Which intercept is this? Select an answer v c) What is the slope of this equation? What are the units on the slope? Select an answer
- Jennifer has the transactions below, what is the combined impact on her net worth when considering all of the transactions? She purchases $5,000 worth of a mutual fund with cash from her savings account. She spends $6,000 on a two-week vacation to Italy using funds in her money market account. She purchases $10,000 worth of furniture for her house and uses her credit card to finance the purchase. A. $21,000 decrease in net worth B. $6,000 decrease in net worth C. $15,000 increase in net worth D. $6,000 increase in net worthJordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for five days. She incurred the following expenses: Airfare $ 440 Lodging 2,400 Meals 600 Entertainment of clients 480 Required: How much of these expenses can Jordan deduct? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar value.)Patricia McDonald has determined the following information about her own financial situation. Her checking account is worth $650 and her savings account is worth $1,400. She owns her own home that has a market value of $100,000. She has furniture and appliances worth $14,000 and a laptop worth $3,400. She has a car worth $9,500 and owes $8000 on her auto loan. She has also purchased some stock worth $5,300 and she has a retirement account worth $37,000. What is the total value of her assets? Multiple Choice $171,250 $172,650 $100,000 $172,000 $170,600 C
- Zachary Lee has a personal automobile policy (PAP) with coverage of $50,000/$100,000 for bodily injury liability, $50,000 for property damage liability, $3,000 for medical payments, and a $500 deductible for collision insurance. How much will his insurance cover in each of the following situations? Will he have any out-of-pocket costs? Round your answer to the whole dollar, if necessary. Leave no cells blank, be sure to enter "0" wherever required. Zachary loses control and skids on ice, running into a parked car and causing $2,645 damage to the unoccupied vehicle and $4,500 damage to his own car. Total paid by the insurance company $ Zachary's out-of-pocket costs $ Zachary runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $50,000 each. Total paid by the insurance company $ Zachary's out-of-pocket costs (for both victims) $ Zachary's 18-year-old son borrows his car. He backs into…Diana has determined the following information about her own financial situation. She has to pay a monthly rent of $1,488, her monthly expenditure on food is $596, the phone and internet bill for the month was $55, the electricity bill for the month was $60; she spends on average $316 per month on eating out. Gasoline and monthly parking costs her $159 and her personal computer is valued at $1,067. Diana's checking account is worth $2,473 and her savings account is worth $2,393. She owns her own house that has a market value of $211,983 and her car is worth $16,008, of which she still owes $6,122 to the local bank. She pays $235 per month for her car loan. She has household possessions worth $7,109 and a home sound system worth $1,717 and she has a retirement account with $31,294 in it. She has a monthly income of $5,604. She has a mortgage of $127,571 with a payment of $550 per month, an educational loan with a balance of $14,064 and payments of $279 per month, and a MasterCard credit…Jordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for five days. She incurred the following expenses: $ 450 2,500 625 500 Airfare Lodging Meals Entertainment of clients Required: How much of these expenses can Jordan deduct? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar value. Deduction
