On january 1, 2012, water world issues $25 million of 6% bonds, due in 20 years, with interest payable semiannually on june 30 a
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The minimum sales required by Jennifer to meet her savings goal must be $26.25 per hour or $2100 for September.
Given that,
Savings desired = $1500
Monthly expenses = $600
Let money earned by her every hour be
No. of scheduled work hours
So,
Total money earned for the month
×
As we know,
Money left = Total money earned - expenses
-
...(i)
A.T.Q.
Money left must be = $1500
Then, by putting the variables in equation (i), we get
Now, solving for
_______________
∵
Thus, the required sales are $ per hour or (
×
= $2100) for the month of September.
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