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4 years ago

Trent earned $28,500 last year. he paid $8,265 for rent. what percent of his earnings did trent pay for rent?

Business

1 answer:

Andrews [41]4 years ago

6 0

You can find the percentage by multiplying the ratio of the rent to the earnings by 100.
8265/28500 * 100 = 29 %

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3 years ago

Apple is considering increasing the amount of money it spends on product development.

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3 years ago

Problem 10A specialty coffeehouse sells Colombian coffee at a fairly steady rate of 280 pounds annually. The beans are purchased

SOVA2 [1]

Answer:

The computations are shown below:

Explanation:

a. The computation of the economic order quantity is shown below:

$= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

$= \sqrt{\frac{2\times \text{280}\times \text{\$45}}{\text{\$0.48}}}$

= 229 units

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= $2.40 × 20%

b. Time between placement of orders is

= Economic order quantity ÷Annual demand

= 229 ÷ 280

= 0.8179 years

So,

= 0.8179 × 365 days

= 298.53 days

We assume 365 days in a year

c. The average annual cost of ordering cost and carrying cost equals to

= Holding cost + ordering cost

= (Economic order quantity ÷ 2 × Holding cost) + (Annual demand ÷ Economic order quantity × ordering cost)

= (229 units ÷ 2 × $0.48) + (280 ÷ 229 units × $45)

= $54.96 + $55.02

= $109.98

d) Now the reorder level is

= Demand × lead time + safety stock

where, Demand equal to

= Expected demand ÷ total number of weeks in a year

= 280 pounds ÷ 52 weeks

= 5.38461

So, the reorder point would be

= 5.38461 × 3 + $0

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3 years ago

An investor was looking at a sixteen-unit apartment building. Four of the units rented for $600, four for $750, four for $725, a

tankabanditka [31]

Answer:

$1,545,000

Explanation:

The formula to compute the cost of the building equal to

Rate of return = (Rental income - expenses) ÷ (cost of building )

where,

Rate of return = 8%

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= ($600 × 4 units + $750 × 4 units + $725 × 4 units + $800 × 4 units) × 12 months

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Now the cost of building would be

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So, the cost of building equal to $1,545,000

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4 years ago