An inequality to represent the contractor's budget for the day is .
Let the number of crew member be x.
Let the forklift operating cost be F.
Let the total cost be T.
Let the payroll be P.
<u>Given the following data:</u>
Total expense $350
Forklift operating cost = $75
Payroll for each crew member = $55
To write an inequality to represent the contractor's budget for the day:
The contractor's budget for the day on operating costs and payroll must not exceed $350. Thus, the mathematical expression (inequality) for the contractor's budget in a day is represented as follows:
Substituting the given parameters into the formula, we have;
Average daily balance method a common method to calculate finance charges.
<u>Explanation:</u>
One of the most common ways through which the financial institutions for example the credit card companies calculate the financial charges that are to be paid by their customers and clients is the average daily balance method of the credit..
If this is the method used by your financial company also then you can reduce the financial charges that you have to pay by paying off the financial balance earlier than the billing cycle.
Since Paul's gross income is $1423 presumably per month and his dental coverage is $55.85, also presumably for the month, then 55.85/1423 = 0.039 x 100= 3.9 %. In other words, his dental plan premium is relatively small and apparently manageable relative to his gross income.