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RideAnS [48]
3 years ago
11

Jenna works at the grocery store and earns $9 an hour. She is busy with extracurricular activities and only works 20 hours durin

g the week. However, she picks up an eight-hour Sunday shift once a month, for which she earns "time and a half". Jenna also lives at home and has health insurance under her mom's plan. She is expected to pay for her own car repairs, maintenance and gas, as well as her auto insurance. Her car insurance alone is $1,000 a year. Jenna wants to take a trip to Mexico with her friends next year which will cost $1,500.
Calculate how much Jenna makes a month. Remember, she makes "time and a half" one Sunday each month. How much is her total monthly income?
Business
1 answer:
Vladimir79 [104]3 years ago
5 0

The complete question is:

Jenna works at the grocery store and earns $9 an hour. She is busy with extracurricular activities and only works 20 hours during the week. However, she picks up an eight hour Sunday shift once a month, for which she earns time and a half. Jenna also lives at home and has health insurance under her moms plan. She is expected to pay for her own car repairs, maintenance and gas, as well as her auto insurance, which costs $1,000 a year. Jenna wants to take a trip to Mexico with her friends next year, which will cost $1,500.

*Remember to compute net pay by taking 20% out for taxes*

Answer:

$454.06

Explanation:

Jenna's gross pay for normal weekdays = 20hours * $9 * 4 weeks = $720

Jenna's pay for working Sunday = 8hours * $9 * 1.5 times = $108

Total gross pay = 720 + 108 = $828

Jenna's annual pay = 12 * 828 = $9936

Taxes are at 20% for a year

Net pay after taxes is = 0.8 * 9936 = $7948.80

Salary after Insurance = 7948.80 - 1,000 = $6948.80

Salary after removing funds for trip = 6948.80 - 1500 = $5,448.80

So net monthly income = 5448.80 ÷ 12 = $454.06

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Explanation:

Giving the following information:

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Deposit 2= $15,000

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FV1= 12,000*(1.055^5)= 15,683.53

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Which of the following is not one of the primary strategy options for competing in the markets of foreign countries?
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This is usually not the first or primary strategy that may be employed by a company. For example, a new company that has a lower market reach may not consider going to forming alliances and partnerships with local companies in every country market because of its limited finances.

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Answer:

Following are the solution to the given points:

Explanation:

For point a:

After-tax profit for each country.

For Country X:

Particulars \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Amount(\$)\\\\Gross \ \ Revenue\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,000,000\\\\ Operating\ \ Expenses \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \  1,500,000\\\\ Pre-tax \ \ Profit \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2,500,000 \\\\  

Tax \ [ 2,500,000 \times 20\% \ ] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \ 500,000\\\\ After-tax\ \ profit\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2,000,000

For Country Y:

Particulars \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Amount(\$)\\\\Gross \ \ Revenue\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,000,000 \\\\Operating\ \ Expenses \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  1,800,000\\\\

Pre-tax\ \ Profit \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  2,200,000\\\\Tax\  [40,00,000 \times 10\%] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  400,000 \\\\After-tax\ \ profit \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  1,800,000

For point b:

For Country X:

Lardo is expected to establish its new plant in Country X, because Country X's after tax income is higher than Country y's after-tax income [$1,800,000].

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Research and collect information.

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2. Drafting: <u>research and collect information,</u> organize it and write the first draft

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