All categories

4 years ago

State the minimum monthly income and hourly wage per worker needed to cover

Business

1 answer:

marshall27 [118]4 years ago

5 0

Explanation:

State the minimum monthly income and hourly wage per worker needed to cover

monthly expenses for the family you used in part a. Then, explain how to calculate the

hourly wage based on the monthly income and state the hourly wage. Assume that

each full-time worker works four 40-hour work weeks per month, and each part-time

worker works two 40-hour weeks per month. (10 points)

You might be interested in

Khaling Company sold 19,000 units last year at $18.00 each. Variable cost was $14.60, and total fixed cost was $68,000. Required

pychu [463]

Answer:

Explanation:

income statement for Khaling for last year.

Sales of 19,000 units last year at $18.00 each. = 19,000 * $18 = $342,000

Variable cost was $14.60 per unit = 19,000 x $14.60 = $277,400

Total fixed cost was $68,000

Income Statement

Sales. $342,000

Less:

Variable cost $277,400

Fixed cost. $68,000

Loss. ($3,400)

2. Calculate the break-even point in units.

BEP = fixed cost / (selling price - variable cost)

BEP = 68,000/(18-14.60)

BEP = 68,000/3.4

BEP = 20,000 units

3. Calculate the units that Khaling must sell to earn operating income of $20,400 this year.

The total units to be sold is 26,000 units to earn a profit of $20,400

Sales (26,000*18). $468,000

Less

Variable (26,000*14.60) $379,600

Fixed cost. $68,000

Income. $20,400

4 0

4 years ago

If $81,000 is invested in an annuity that earns 5.1%, compounded quarterly, what payments will it provide at the end of each qua

prisoha [69]

Answer:

C = $ 5064.61

Explanation:

You are given the present value of an annuity PV = 81 000

5.1 % is .051 in decimal form

quarterly, this is i = .051/4 interest per period (3 months)

4 1/2 years is n = 18 periods

The equation to use is ( you just have to look these up.....there are many different situations)

PV = C * { (1-(1+i)^-n) / i }

Plugging in the above numbers results in:

C = $ 5064.61

3 0

2 years ago

Luis is going to receive $20,000 six years from now. Soo Lee is going to receive $20,000 nine years from now. Which one of the f

irakobra [83]

Answer:

The answer is C. In today's dollars, Luis's money is worth more than Soo Lee's.

Explanation:

Present value for Luis= C(1+i)^-n= 20000(1.07)^-6 = $13326.84

Present value for Soo Lee = C(1+i)^-n= 20000(1.07)^-9= $10878.67

Present value for Luis is greater than that of Soo Lee.

5 0

3 years ago

The new CEO of a struggling cell phone service provider is trying to revitalize the company by revamping its business strategy.

Sever21 [200]

Answer:

The CEO concluded that the youth market segment was not being served and for that reason he decided to fill that niche in the business by creating a business plan that took it into account.

Explanation:

A market niche is a marketing term used to refer to a portion of a market segment in which individuals possess homogeneous characteristics and needs, and the latter are not entirely covered by the general market offer.

The market niche is based on recognizing in the segmentation a new business opportunity arising from unsatisfied needs and then being economically exploited by a company, but it may also be because there are not enough companies to supply that need. As for a niche market we must understand certain basic things to be able to have a fruitful activity, one of those is that this must be broad enough to derive a business from it and another aspect to consider is that we must know if there is something competition, the latter is not necessarily something negative since we will know that there is already a public and therefore a demand.

5 0

4 years ago

Choose the option that best matches the description given.

Firlakuza [10]

I think it is product

5 0

4 years ago

Read 2 more answers