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LUCKY_DIMON [66]
3 years ago
10

Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hou

r and works 40 hours of regular time and 5 hours of overtime a week. They have two car payments totaling $500 a month and one credit card with a minimum payment of $50 a month. What is their combined gross monthly income
Business
1 answer:
vovangra [49]3 years ago
7 0

Answer:

$1,411.25

Explanation:

The computation of the combined gross monthly income is shown below:

The earnings of Jose = $23.50 × 40 hours = $940

And, the earnings of Zola is

= $21.50 × 40 hours + 5 hours × $21.50

= $860 + $161.25

The total earnings is

= $940 + $860 + $161.25

= $1,961.25

And, the expenses are

= $500 + $50

= $550

So the combined gross monthly income is

= $1,961.25 - $550

= $1,411.25

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Select all the descriptions of NAFTA that are true.
leonid [27]
The best and most correct answer among the choices provided by the question are  the following:

<span>a trade bloc between Canada, U.S., and Mexico
a trade organization that equally benefits all nations
an agreement to only buy goods from the countries involved</span>
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8 0
4 years ago
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Which of the following scenarios would be included in GDP? Pam buys a new 40-inch television at Walmart. Sandra is a waitress at
kkurt [141]

Answer:

A.  Pam buys a new 40-inch television at Walmart.

Explanation:

Gross Domestic Product is the sum monetary value of goods and services purchased in a country within a specific length of time. It can be calculated on an annual or quarterly basis. It helps economists in making decisions. The GDP has to be recorded so that it can be accounted for. The GDP is calculated based on income, expenditure, or production.

From the options given, only Pam has performed an activity that can be rightly included in GDP. This is because she purchased an item (expenditure) that would be recorded by the supermarket and eventually accounted for in the country's GDP.

3 0
3 years ago
The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating inco
Charra [1.4K]

Answer:

Debt ratio = 56%

Times Interest earned = 5 times

Explanation:

<em>The debt ratio is the proportion of the total assets amount that is financed by debt . It is a measure of financial risk. A company with a high debt ratio (in excess of 50%) is considered financially risky. That is may not be able to meet its short term financial obligations</em>

Debt ratio = Debt/Total assets × 100

              = (140,000/250,000)× 100

              = 56%

Times interest earned is the number of times the earning before interest and taxes (EBIT) can pay the interest obligation. It is a measure of financial risk. For example, a company with a ratio of less than 3 times might be considered as potentially unable to meets its loan obligation

Times interest earned = Earnings before interest and tax (EBIT)/Interest expense

= 75,000/15,000

= 5 times.

6 0
3 years ago
A natural monopoly exists when a single seller experiences ____________ average total costs than any potential competitor.
vlabodo [156]

Answer:

lower

Explanation:

A natural monopoly appears when there are high entry costs like large infrastructure costs or economies of scale where a company can provide the products at a lower costs than others which provides a big advantage to the firm in the market and makes it difficult for any potential competitor to be able to compete. According to that, the answer is that a natural monopoly exists when a single seller experiences lower average total costs than any potential competitor as this represents a barrier for the competitor to be able to enter the market.

3 0
3 years ago
governments that are interested in minimizing the efficiency costs of taxation should only tax goods where
lisov135 [29]

Answer:

Governments that are interested in minimizing the efficiency costs of taxation should only tax goods where demand or supply, or both, are relatively inelastic.

Explanation:

hope this helps

6 0
3 years ago
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