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
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.

You might be interested in
What is the most likely effect of the development of XBOX with DVD capabilities on the DVD player industry? a. ​decreased price
Shkiper50 [21]

Answer:

The correct answer is letter "B": ​Increased price elasticity of demand for the DVD player industry because XBOX are substitutes.

Explanation:

Price elasticity of demand reflects the changes in quantity demanded for a good or service as a result of changes in price. It is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal to or greater than one (1) the demand is elastic.<em> It means a minimum change in price has a major impact on the quantity demanded volume. </em>

Thus, <em>if XBOX implements DVD features, DVD players will face an increase in their price elasticity of demand because changing DVD players' prices could change their quantity demanded by far because consumers will prefer purchasing an XBOX which is a substitute.</em>

7 0
3 years ago
Adam kisses the sleeve of Eve’s blouse, an act to which she did not consent. Has Adam committed a tort and if so, which one? Exp
FromTheMoon [43]

Answer:

Yes, Adam committed a tort.

Explanation:

In the situation, when Adam kisses the sleeve of Eve's blouse but without her consent, he committed  a tort. A tort can be defined as a civil wrong which harm other. Here, Adam's act of kissing the sleeve was an invasion of Eve's privacy. It also caused her emotional distress. Therefore Adam has a legal liability in this case as it is tort.

8 0
3 years ago
Mikey initially invested $2,400 in a company and has held this investment for 3 years. He sold the investment after 3 years for
Tanzania [10]

Answer:

499.80

Explanation:

There is no 39.6% tax bracket, the highest marginal tax is 37%. But we can assume that Mikey had to pay 39.6% in taxes which means that he is in the seventh tax bracket (highest). Since he is classified under the highest tax bracket, he will also pay the highest capital gains rate which is 20%.

Mikey's long term capital gain = $4,950 - $2,400 = $2,550

if he paid regular income taxes = $2,550 x 39.6% = $1,009.80

since he pays capital gains taxes = $2,550 x 20% = $510

That means he saves $1,009.80 - $510 = 499.80

3 0
3 years ago
Why would an entrepreneur be best suited to opening a new business, rather than buying an existing business or franchise?
Mariulka [41]

Answer:

For example, it's really easy to finance while buying in an existing business while starting a new one. In Addition tons of bankers and investors all around the world would feel more comfortable dealing with a business that already has had a proven track record.

Explanation:

3 0
3 years ago
Select cost information for Klondike Corporation is as follows:
Bingel [31]

Answer:

D. Direct materials is a variable cost and rent expense is a fixed cost.

Explanation:

  • As clearly seen from the data the direct material cost is varying but the rent cost is fixed cost.
6 0
3 years ago
Other questions:
  • All else equal, a large increase in deferred revenue in the current period would be expected to produce what effect on revenue i
    14·1 answer
  • The government imposes a $2.50 per-unit tax on the production of good x. as a result the
    13·1 answer
  • What are some of the differences between a bank and a credit union
    10·1 answer
  • Assume the required reserve ratio is 12 percent and that the commercial banking system has $110 million in excess reserves. The
    13·1 answer
  • The following section is taken from Ivanhoe's balance sheet at December 31, 2021. Current liabilities Interest payable $ 47,500
    15·1 answer
  • Before year-end adjusting entries, Dunn Company's account balances atDecember 31, 2017, for accounts receivable and the related
    9·1 answer
  • Winsted Co. purchased a bond on December 1 of the current year for $ 49 comma 000 and classified the investment as trading. The
    13·1 answer
  • Suppose a country is projecting a deficit of $20 million next year. Which of the following events would add most to the debt? Al
    6·1 answer
  • The Bankruptcy Abuse Prevention and Consumer Protection Act allows the bankruptcy court to disallow a petition for a Chapter 7 b
    5·1 answer
  • Select the correct answer.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!