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UkoKoshka [18]
2 years ago
7

Jessica's financial advisior believes that she should spend no more than 28% of her gross monthly income for houseing. She has d

etermined that amount is $1400 per month. Based on this amount and her advisor's recommendation, what is Jessica's annual salary?
Business
1 answer:
leva [86]2 years ago
5 0

Answer:

$60,000

Explanation:

The annual salary of Jessica would be

Let us assume the gross monthly income be X

So the equation would be

Gross monthly income × given percentage = Per month amount

X × 28% = $1,400

So, X would be

= $1,400 ÷ 28%

= $5,000

For 12 months, the annual salary would be

= Gross monthly income × total number of months in a year

= $5,000 × 12 months

= $60,000

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A company manufactures various sized plastic bottles for its medicinal product. The manufacturing cost for small bottles is $67
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The company should buy from an outside source rahter than manufacturing because each bottle manufactured costs $5 more.

Explanation:

Differential Analysis

                                                          Make            Buy

Manufacturing Cost per bottle         $ 67

Purchasing Cost per bottle                                  $35

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<u>Fixed Costs                                                            $ 22   </u>

<u>Total                                                   $ 67              $62   </u>

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The company should buy the bottles from the  outside source because the manufacturing costs are higher than the purchasing costs and the fixed costs.

The fixed costs are the irrelevant costs that will continue whether bottles are manufactured or purchased.

6 0
2 years ago
Sarah buys 500 shares of stock at $18 and sells the holding for a capital gain of $3,000. What was the share price at the time o
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3 years ago
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On the other hand, when other competitors in the same industry subsequently copy the innovator, even though it is something new for them, then it is imitation.

When a company comes out with a new product, its competitors typically go on the defensive, doing whatever they can to reduce the odds that the offering will eat into their sales. Responses might include: cranking up marketing efforts, offering discounts to channel partners and even lobbying for regulations that would hinder the rival's expansion.

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