Answer:
Earnings per year = $28,600 per year
So, Biweekly Pay = $28,600 *2/52 = $1,100
Summary
Gross Name = Tricia Grey
Martial Status = Single
No. Withholding = 1
Period Salary = $1,100
Regular Earnings = $1,100
Gross Earnings = $1,100
$55,555..........................................................................................
Sellers Market
(when demand exceeds supply, more buyers than homes available, leads to multiple buyers interested in a single property, this results in bidding wars driving the price up)
This is true.................
Answer:
Net Increase in profit is $27,000
Explanation:
* The data was missing in this question, a similar question is attached with the answer, and answer is made accordingly. Please find it.
Sales ( $350,000 x 120% ) = $420,000
- Variable cost ( 40% ) = $168,000
- Traceable fixed cost( 175000+15000) = <u>$190,000</u>
Net Profit = $62,000
Net Increase in Net Income = $62,000 - ( 350,000 - (350,000 x 40%) - 175,000 ) = 27,000