1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
emmasim [6.3K]
3 years ago
14

From net earnings of $740 per month, Lisa Jones must spend $200 for her portion of the rent on an apartment she shares with two

friends. What percent of her net income is her rent payment? A. 73% B. 32% C. 27% D. 38%
Business
1 answer:
vagabundo [1.1K]3 years ago
4 0

Answer:

C. 27%

Explanation:

Percentage calculation will be as follows

Percentage of expense = \frac{Expense\: of \: rent}{Net \: Earnings} \times 100

Here, provided

Net Earnings = $740 per month

Rent paid by Lisa Jones = $200 per month

Therefore, percentage of rent over net income = \frac{200}{740} \times 100 = 27

Therefore correct option is

C. 27%

You might be interested in
Your sister just deposited $13,000 into an investment account. She believes that she will earn an annual return of 10.3 percent
omeli [17]

Answer:

146,640

13,000×9.4%=1,222

1,222×120=146,640

6 0
3 years ago
You must complete parts 1, 2, 3, 4, 6, 7 and 8 before attempting to complete part 9. Part 5 is optional.
Crank

Answer:

Sales (Dr.) $45,000

Income Summary (Cr.) $45,000

Income summary (Dr.) $63,900

Advertising Expense (Cr.) $1,200

Rent expense (Cr.) $5,600

Office Supplies Cost (Cr.) $9,800

Insurance Expense (Cr.) $7,000

Sales Returns (Cr.) $2,900

Interest Expense (Cr.) $3,200

Cost of Goods sold (Cr.) $27,500

Selling and administrative expense (Cr.) $6,700

Income Summary (Dr.) $250,000

Capital investment (Cr.) $ 250,000

Explanation:

Closing entries are prepared to close business transactions that occurred during the month. These transactions are closed with a contra account of Income Summary. All debit balance are credited with a debit of Income summary account and vice versa. the temporary account balances are reset to zero after closing entries are passed.

4 0
2 years ago
Cash flows It is typical for Jane to​ plan, monitor, and assess her financial position using cash flows over a given​ period, ty
svetlana [45]

Answer:

A.

TOTAL CASH INFLOW $4,950

TOTAL CASH OUTFLOW $4,357

B. $593

C. First is for Jane to bring down her outflow

Secondly is for Jane to either make use of a credit card or request for loan.

D. Jane should make use of the short-term investment rates of 5 percent which was offered by the bank and secondly in a situation where she think or felt that the surplus cannot be enough for her to invest with Jane should go ahead and save the money.

Explanation:

a. Calculation to Determine Jane’s total cash inflows and cash outflows

TOTAL CASH INFLOW

Interest received $ 450

Salary4,500

TOTAL CASH INFLOW $4,950

TOTAL CASH OUTFLOW

Clothes-$1,000

Dining out-500

Groceries-800

Auto payment-355

Utilities-280

Mortgage-1,200

Gas-222

TOTAL CASH OUTFLOW $4,357

Therefore total cash inflow will be $4, 950 while total cash Outflow will be $4,357

b. Calculation to Determine the net cash flowfor the month of August using this formula

The Net cash flow =Total cash inflow - Total cash outflow

Let plug in the formula

Net cash flow =$4,950-$4,357

Net cash flow = $593

Therefore the Net cash flow will be $593

c. In a situation where there is a​ shortage, the few options that will be open to​ Jane will be:

First is for Jane to bring down her outflow

Second is for Jane to either make use of a credit card or request for loan.

d. In a situation where there is a​ surplus, what should be a prudent strategy for Jane is to​ follow:

Jane should make use of the short-term investment rates of 5 percent which was offered by the bank and secondly in a situation where she think or felt that the surplus cannot be enough for her to invest with Jane should go ahead and save the money.

6 0
3 years ago
Once Domino's decided to offer salads, it partnered with "Ready pac foods" to offer each Domino’s Pizza location prepackaged sal
Nady [450]

Answer:

Organisational planning

Explanation:

Organisational planning is an effective way to organise and make plans. Domino's has decided to offer salad for that, they have partnered with 'Ready pac food' to deliver salad at different locations.  The decision to partner with 'ready pac foods' is a part of organisational planning. The organisational planning will help domino's to easily adopt the concept and it will help them to reduce the overall cost.

7 0
3 years ago
Rick and Joe get together and start a mortgage brokerage business. They each contribute $25,000 of capital to the business. Afte
bezimeni [28]

Answer:

a.common stock.

Explanation:

The additional $10,000 of owners equity after listing on the stock market will be named as common stock. After listing company issues shares for capital investment in it. Common stock is the appropriate term used for every addition in the owners equity. So the correct option is a.common stock.

7 0
3 years ago
Other questions:
  • What is an agency relationship?
    8·2 answers
  • Consider the following vignette. Aboard the cruise ship Royal Majesty, a breakfast diner complains to the waiter that the meal i
    14·2 answers
  • Before leaving England, __________ memorized the plans for a water-powered spinning machine and set up a textile plan in Pawtuck
    7·1 answer
  • true or false: M-3 is money that people can gain access to quickly and easily to pay for goods and services.
    8·1 answer
  • Stevens Clothing Company has four warehouses spread throughout the country. The company is considering building another warehous
    14·1 answer
  • Its investment bankers have told Trickee Corporation that it can issue a 20-year, 8.3% annual payment bond at par. They also sta
    15·1 answer
  • Select the appropriate steps to allow a trusted site for internet explorer version 8
    9·1 answer
  • Group price discrimination has ________ consumer surplus than under ________.
    14·1 answer
  • Three large firms dominate the telecommunication industry of United Canava: AD Telecom Inc., Mystic Telecom Corp., and Total Tal
    9·1 answer
  • Digital designers need what kind of skills:
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!