A woman making $2000 per month has her salary reduced by 10% because of sluggish sales. One year later, after a dramatic improvement in sales, she is given a 20% raise over her reduced salary. Find her salary after the raise.
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A woman making $2000 per month has her salary reduced by 10% because of sluggish sales. One year later, after a dramatic improvement in sales, she is given a 20% raise over her reduced salary. Find her salary after the raise.
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- The Sandhill Acres Inn is trying to determine its break-even point during its off - peak season. The inn has 50 rooms that it rents at $120 a night. Operating costs are as follows: Salaries $5,400 per month Property tax $1,300 per month Depreciation (straight-line) $1,100 per month Maintenance $120 per month Maid service $33 per room Other costs $ 63 per room Determine the inn's break-even point in number of rented rooms per month. Break - even point 1584 rooms eTextbook and Media Solution Attempts: 4 of 4 used (b) * Your answer is incorrect. Determine the inn's break- even point in sales dollars. Break-even point in sales. $Fred is considering three job offers in advertising. A full-time position as a coordinator that pays a salary of $40,000 per year. A full-time position as a designer that pays an hourly wage of $28. The job assumes five 8-hour days per week. A sales representative that pays a 5% commission. Sales reps typically sell an average of $100,000 per month in advertising. The following are the specifics about the benefits of the job opportunities: The U.S. government will deduct Social Security (6.2%) and Medicare (1.45%). Fred will deduct 15% of Gross Income to cover Federal Income Tax. Fred does not live in a state with State Income Tax. Fred is planning on taking two weeks of vacation and has typically been sick 3 days per year. The Coordinator job includes two weeks of paid vacation and five paid sick days per year, paid health insurance, life insurance costing $35 per month, and a fully paid retirement plan. The Designer job includes five paid vacation days and three paid sick days…Suppose that at one of the Talbot's shops, marginal cost of a coat is constant at $150, and total fixed cost is $3,000 a day. The shop maximizes its profit by selling 15 coats a day at $500 per coat. Then the shops nearby increase their advertising. The Talbot shop responds by spending $1,500 a day more on advertising its coats. As a result, its profit-maximizing number of coats sold increases to 25 a day at $400 per coat. In the scenario above, as a result of increased advertising, Talbot's markup a. decreases by $100. b. increases by $50. C. decreases by $60. d. increases by $75.
- You sell $5 million dollars' worth of delivery trucks to Walmart on account and offer them a 2% discount if they pay within 15 days, with the invoice due after 45 days (2/15, n/45). Unfortunately, Walmart returns all of the trucks after one week because they discover that the model you sold them is not approved for use in California. Which of the following is part of the correct journal entry to make at the time that Walmart returns the trucks? DEBIT to Sales Returns of $5 million CREDIT to Sales Discount of $100,000 CREDIT to Accounts Receivable of $4.9 million CREDIT to Sales Revenue of $5 millionA University of Massachusetts study found that married women who work outside the home do about one hour less of housework per week for every $7500 they earn outside the home. Assume that they hire a housekeeper one time per week for $120; that the $7500 is received in uniform amounts of $625 per month; and, that the housekeeper is paid weekly with these payments made before the $625 is received. What rate of return are they making per week on their “investment” in the housekeeper?* Your answer is incorrect. Sheridan Beverages sells bottles of premium champagne. It currently costs $41 per bottle to produce each bottle of champagne. Sheridan has overhead costs of $2700 per month, and expects to incur this amount each month. Sheridan produced and sold 100 bottles of champagne last month and expects to continue this production and sales pattern for the rest of this current year. Its closest competitor currently sells its bottles of champagne at $75.00 per bottle. What is the lowest price that Sheridan could sell each bottle of champagne for to make a monthly operating profit? $75.00 O $68.01 $65.01 O $78.00
- Manuel Romo sell tires at the local shopping mall. Romo earns 20 percent commission on the first $500, 25 percent on the next $1,000 and 30 percent on sales over $1,500. Last weekend he sold $1,940 worth of tires. What is his total commission?John Doe, a 23-year young newly graduated engineer just got a job in a major engineering firm. Human resources told him that he could join the company's 401K Plan, and if his maximum contribution is 10 percent of his gross annual salary then company will match another 5% to his contribution. He is paid $38 per hour, and he gets a 2.5% raise every other year and after 20 years of work he is laid off. Roth IRA is $6000 per year during this period (Age 23-42). He finds another job with an annual salary of $120'000 per year and works till his retirement (age 43-67). The new company doesn't have a retirement plan and he can only save in his Personal IRA $15000 per year on the average. During second half of his career the salary increase is only 3% every five years and there are no medical benefits either. John was assuming that at retirement he has paid off his mortgage, he doesn't have a major consumer debt and based on today's buying power he only needs $5000 to live well. For this…Tom borrowed $40,000 from his parents to open a donut stand. He agrees to pay his parents a 5% yearly return on the money they lent him. His other yearly fixed costs equal $10,000. His variable costs equal $25,000. He sold 40,000 dozen donuts during the year at a price of $2.00 per dozen. Tom's total costs equal: O $37,000 O $59,000 O $40,000 O $25,000
- You start a baking business,and your goal is to earn a profit of 250 in the first month. Your expenses in the first month are 155.What are your posible revenues that you can earn to meet your goalSuppose you have a job that pays a monthly salary of (g) $_3,900____.Unfortunately, recent events have significantly reduced your company’s cash flow.Your employer says that everyone needs to take a 6.5% pay cut or the company mayhave to close.(a) When the 6.5% pay cut is applied to your original monthly salary, by how many dollars will your monthly pay decrease? Round your result to the nearest cent. (4) (b) What will your reduced monthly salary be after the 6.5% decrease is applied to your original monthly salary? Round your result to the nearest cent. (3) Your employer promises that when business returns to normal, everyone will get a6.5% pay raise to bring their pay back to their original levels.(c) When the 6.5% pay raise is applied to your reduced monthly salary, by how many dollars will your monthly pay increase? Round your result to the nearest cent. (4) (d) What will your new increased monthly salary be after the 6.5% increase is applied to your reduced monthly salary? Round…A new graduate has taken a job with an annual salary of $60,000. She expects her salary to go up by 2.5% each year for the first five years. Her starting salary is stored in cell A4 of an Excel worksheet, and the salary increase rate is stored in cell B4. Construct a table with years 1 through 5 in cells A6:A10 and her salary in cells B6:B10. Write the formula for her salary in year 2 (in cell B7) that can be copied and pasted correctly in cells B8 through B10
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