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Personal Budgeting
George Marcus, a recent college graduate, has been appointed by Taylor Corporation at a salary of $54,000 per year. In anticipation of his salary, George bought a $20,000 new ski boat and will pay for it at a rate of $425 per month, including interest, for five years. He also rented a condominium for $600 a month and bought a car on account for $350 a month. In addition, George figures that his other monthly expenses will be:
1. On the assumption that George also pays income and FICA taxes of 25 and 7.65%, respectively,prepare his monthly budget.
2. George plans to save enough money for a down payment on a house. If a $20,000 down payment is needed, how long will it take him to save the needed amount? (For this exercise, ignore interest on savings, and assume that George does not have any savings at the present time.)
Where have you seen it work well and what factors should you consider when choosing a motivational approach?
Please provide a description of how to implement some motivational strategies and reduce pressure in workplace- the organization has turnover because employees face high pressure work so please give some recommendation for that.
A stock has a beta of 1.2 and the standard deviation of its returns is 25 percent. The market risk premium is 5 percent and the risk-free rate is 4 percent. Calculate the expected return for the stock
At rest, a car's horn sounds at a frequency of 385 Hz. The horn is sounded while the car is moving down the street. A bicyclist moving in the similar direction with one-third the car's speed hears a frequency of 342 Hz. What is the speed of the ca..
Select a city or state in the United States (or Canadian city or province), and employ the Internet to explore the annual budget of governmental unit you selected.
Provide an example of how expectancy theory has affected your motivation, or that of someone else you work with or have worked with. Be sure to specify the expectancy and valance.
It asks ISPs to disclose actual identities of these people. Should the ISPs comply with this request. Describe your reasoning
What things about organizations are considered to be parts of organizational culture, and what things are excluded from that category, in terms of the different models.
Compare the differences between a mature global market, a new growth market, and a newly industrialized economy.
You're meeting with Georgia tomorrow to provide her specific direction on how to develop the budget for the county fair event portion of project. She has determined that the event will most likely involve the tent of some sort which contains table..
Avitar Corporation manufactures the line of computer memory expansion boards employed in microcomputers. The average selling price of its finished product is $175 per unit. The variable cost for these same units is $115. Avitar incurs fixed costs ..
Browning, which employs a process-costing system, adds all material at the beginning of production and incurs conversion cost evenly during manufacturing. The information which follows relates to the period just ended:
Stang Sports Equipment Company made 40,000 basketballs in a given year. Its manufacturing costs were $288,000 variable and $95,000 fixed. Suppose that no price changes will take place in the following year and that no changes in production techniq..
Record the preceding events in a horizontal statements model. In the cash flows column, designate the cash flow as operating activities (OA), investing activities (IA), or financing actives (FA)
Why is variable costing not allowed for financial reporting purposes?
CollegePak Company produced and sold 60,000 units throughout the year just ended at an average price of $20 per unit. Variable manufacturing costs were $8 per unit, and variable marketing costs were $4 per unit sold.
Factors which must be taken in account when making decisions regarding price, such as any change in risk involved in cost-volume-profit structure; the link between short- and long-run prices
Detroit Disk, Inc. is a retailer for digital video disks. The projected net income for the current year is $600,000 based on a sales volume of 400,000 video disks. Calculate Detroit Disk's break-even point for the current year in number of video di..
Estilo Company has 3 operating segments with following information: What is the minimum amount of revenue that each of these segments must generate to be considered separately reportable?
What is a budget contingency and what are 3 reasons to have such a "safety net" in place? Have you been involved in projects where it was necessary to employ contingency funds?
Prepare a master budget for the three-month period.
Define and describe activity based costing. Also employ some real-life examples of how companies implement this management tool. Offer some comparisons and contrasts and pros and cons from different stand points on this topic.
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