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timurjin [86]
3 years ago
15

A work-at-home opportunity is available in which you will receive 2 percent of the sales for customers you refer to the company.

The cost of your ""franchise fee"" is $710. How much would your customers have to buy to cover the cost of this fee? (Round your answer to the nearest whole dollar.)
Business
1 answer:
djyliett [7]3 years ago
7 0

Answer:

The answer is $35500

Explanation:

We need to collect $710 from the sales of the customers referred by us to cover the franchise fee. But we only make 2% of whatever they spend. If we equate 710 to 2% and solve for 100% we will know what is the total dollar amount they need to spend:

1.   This can be solved using a rule of three:

2% = $710

100% = ?

100 * 710 / 2 = 35500

2.   Or, It can also be solved writing it down as an equation and knowing that 2% also means 2 parts of 100 or 2/100 = .02

  • 710 = .02*Sales

Solve for Sales:

  • Sales = 710/.02 = 35500

There is no need to round to the nearest whole dollar because the result is already in whole dollars, it does not have any cents.

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Suppose that Xtel currently is selling at $66 per share. You buy 500 shares using $20,000 of your own money, borrowing the remai
hram777 [196]

Answer:

The percentage loss will be "-9.08%". The further explanation is given below.

Explanation:

The given values are:

Invested amount

= 20,000

Price of purchase

= $66

Total number of shares

= 500

The borrowed amount will be:

= (500\times 66)-20000

= 13,000

When the price increase to 69.63, the gain will be:

= 69.63-66

= 3.63 ($)

The total gain will be:

= 3.63\times 500

= 1815

Increase in percentage will be:

= \frac{1815}{20,000}\times 100

= 9.08%

Whereas if price stays quite well at $66, there is really no increase, so the percentage growth would be 0%.  

If the price declines toward a loss of 62,37 per share:

= 62.37-66

= -3.63

Now,

The total loss will be:

= -3.63\times 500

= -1815

The percentage loss will be:

= \frac{-1815}{15,000}

= -9.08 (%)

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Which business is exempt from using the accrual basis for accounting? A clothing manufacturer that has average gross annual rece
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A home improvement store that just began business last year and had $2.7 million in gross receipts.

Explanation:

The IRS allows only a limited number of businesses to use cash basis accounting and in order to do so, the business must be:

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this is an important part of the supply chain under the SCOR model. this is required to cater to the demands of all customers, who have received either faulty or defective products, or have received extra products or materials.

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