A person applying for a job zone one occccupation might expect the job will require which of the following
Answer: The highest rent I should pay for rent is $896.
In order to answer this question, we need to assume that rent is the only expense I will incur for housing.
Given this assumption, the maximum we need to spend on housing will be 28% of our take home pay.
So, maximum rent will be:
Answer:
Residual Income $80,600
Explanation:
Residual income = Operating income - Equity charge.
First lets calculate the operating income,
Sales 4,705,000
Less Cost of goods sold (2,730,000)
Gross profit 1,975,000
Less operating expense (1,552,000)
Operating income 423,000
Equity charge (4,280,000*0.08) (342,400)
Residual Income $80,600
Hope that helps.
Answer:
The repo rate is 3.09% percent
Explanation:
We can use the following formula to calculate the Repo rate
Repo Rate = ( ( Sale Price / Purchase Price ) - 1 ) x ( 360 / n ) x 100
Where
Sale Price = $10,000,000
Purchase Price = $9,923,418
n = 90 days
Placing values in the formula
Repo Rate = ( ( $10,000,000 / $9,923,418 ) - 1 ) x ( 360 / 90 ) x 100
Repo Rate = 3.08692%
Repo Rate = 3.09
To answer this question we are solving for T, time.. or age in this case!
Ending balance = beginning balance x (1+ annual rate of return)T
$42,856 = $1,500 x (1 + 0.53)t
T = 64.91 years
Rounding to the nearest year, you are about to turn 65 years old!
