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Trava [24]
3 years ago
7

Joe is self-employed in a store that has a rental value of $500 a month which he pays, but he can vacate the building without gi

ving notice. His other expenses are $100 a month for maintenance. He makes $25,000 a year on net sales (total revenue minus the wholesale cost of the product). If he quit his job and worked the same number of hours elsewhere at a job he liked equally well, he estimates that he could make $20,000 a year. No one else can be hired to work in the store. Joe should It is impossible to say with the information given in the problem. quit his job. work part-time. keep the job.
Business
1 answer:
liubo4ka [24]3 years ago
7 0

Answer:

work part time

Explanation:

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Irene plans to retire on January 1, 2020. She has been preparing to retire by making annual deposits, starting on January 1, 198
worty [1.4K]

Answer:

$16,876

Explanation:

first we have to calculate how much money Irene saved until January 1, 2001:

P = PMT ×   [(1 + r)ⁿ - 1] / r

  • PMT = 2,300
  • r = 8.4%
  • n = 22

P = 2,300 ×   [(1 + 8.4%)²² - 1] / 8.4% = $134,089

if she stops making any more payments, in 19 years those $134,089 will be worth:

FV = PV x (1 + r)ⁿ

  • PV = $134,089
  • r = 8.4%
  • n = 19

FV = 134,089 x (1 + 8.4%)¹⁹ = $620,797

that means she still needs to get $1,350,000 - $620,797 = $729,203

we can use the first formula to determine the payments she will need to make during the next 19 years:

P = PMT ×   [(1 + r)ⁿ - 1] / r

  • P = 729,203
  • r = 8.4%
  • n = 19
  • PMT = ???

PMT = P /  {[(1 + r)ⁿ - 1] / r}

PMT = 729,203 / {[(1 + 8.4%)¹⁹ - 1] / 8.4%} = 729,203 / 43.21 = $16,876

7 0
3 years ago
Nanda is “sharing” the news that a co-worker is going through a divorce. The news get to the manager and as a result, someone wi
hoa [83]

Answer:

I would punish Nanda.

Explanation:

6 0
3 years ago
What is a primary concern when planning wlan deployments within the government vertical market?
defon

The primary concern is security.

5 0
3 years ago
Truman applies for a job at Skylight Canopy Corporation for which he is well qualified, but for which he is rejected. Skylight c
Blizzard [7]

Answer:

The correct answer is:  a protected class.

Explanation:

A protected class is a group of people legally protected from employment discrimination who share similar characteristics such as <em>religion, race, gender, age </em>or<em> disability</em>. The United States Department of Justice is the agency in charge of enforcing this type of anti-discriminatory law.

4 0
3 years ago
7. Farmer sells flour to a baker for RM2. The baker uses the flour to make bread, which is sold for RM3. What is the total contr
erica [24]

Answer: RM3

Explanation:

Gross domestic product has to do with the monetary value of the goods that are produced in a particular economy. In this case, the total contribution will be RM3 since it's the final amount that the bread is sold.

It should be noted that RM2 in this case is the intermediate good and should therefore bit be included so that there won't be an overstatement of the GDP and to prevent double counting.

8 0
3 years ago
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