Calculate net income level and spending level

Assignment Help Finance Basics
Reference no: EM132661343

In Jan. 2020 Mary Jones was earning $40,000 in net income and spending $39,000 on a yearly basis. Mary Jones loses her job on April 1, 2020, and regains the same job ---at the same pay ---exactly six months later on October 1, 2020. During the six month layoff period, in the first three months, April, May and June, she earns $600 a week in EXTRA unemployment benefits -- IN ADDITION TO the $347 a week he earns, which is the average UI benefit for the workers in our state. Thus, for these 13 weeks, she earns $947 per week. In the next three months, July, August and September, she earns $347 per week in UI benefits. She and her family cut back on their spending by ten percent during the six months duration of unemployment, but then they go back to spending $39,000 on a yearly basis after he goes back to work. What is her net income level and spending level for 2020? What is his A.P.C. for the year?

Reference no: EM132661343

Questions Cloud

Elasticity of demand of company products : 1. What are the factors influence the supply for any company's products, stating clearly your assumptions.
Discuss the current literature to clinical practice : Psychiatric mental health nursing practice is one of the newest disciplines to be licensed to provide psychotherapy As such, the majority of psychotherapy.
Evaluate the role of the imf : Critically evaluate the role of the IMF and The World Bank and their contribution to sustainable development.
Branches of the commerce department : Provide three US governments that help serve and advise export (e.g., branches of the Commerce Department), and two types of export intermediaries?
Calculate net income level and spending level : What is her net income level and spending level for 2020? What is his A.P.C. for the year?
What is the expected recoverable amount of the accounts : Accounts Receivable $50,000; Allowance for Doubtful Debts $2,000, Bad Debt Expense $3,000. What is the expected recoverable amount of the accounts receivable?
Discuss a nursing framework or theory : Discuss a nursing framework or theory that fits that philosophy including how it fits your personal philosophy. Identify a possible situation in which.
What is the fi net exposure in pounds : What is the FI's net exposure in pounds? $100 million equivalent UK loans (one year) (loans made in pounds) (10%). $10 million cash (in dollars)
Estimated useful life at the time of acquisition : Estimated useful life at the time of acquisition was 20 years. In 2019, there was litigation challenging these trademarks brought by a competitor

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd