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3 years ago

5

The cost of all your ingredients for your cake is $3.49. Your consistently sell 150 cakes per week for $976 in total sales. What

is your food cost percentage

1 answer:

stealth61 [152]3 years ago

6 0

Answer:

54%

Explanation:

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What are some reasons people dont manage their money well for the future?

Pavlova-9 [17]

People can make poor investments, fail to add to their savings, and decide to spend their money rather than saving or investing.

3 0

3 years ago

Although Omar has enough money to afford his expenses while attending college, he still commits to saving a specified amount eac

pychu [463]

Answer:

Omar may have fewer demands on his life

Explanation:

6 0

3 years ago

If 115 people each produce 356 pens in a day, what is the total production number for that day? A. 40,940 B. 39,490 C. 40,490 D.

miskamm [114]

115 x 356 = 40,940

A. 40,940

5 0

3 years ago

Derek has liquid assets of $4,450 and he saves $615 a month. His current liabilities are equal to $1,750 and monthly credit paym

Nata [24]

Answer:

7.20 %

Explanation:

Debt to income ratio is a measure of an individual's monthly debt repayment ability. The ratio is used in assessing the individual capability of absorbing more debts.

It is calculated by the formula.

Debt to income ratio = Total of Monthly Debt Payments/Gross monthly income x 100.

Total monthly debt is the aggregate or all debts payable on a monthly basis.

Gross income is the income before any deductions.

For Derek, gross income =$5900

Monthly debts =monthly credit card of $425

DTI= $425/ $ 5900 X 100

=0.0720 X 100

=7.20 %

7 0

3 years ago

You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR of 5.2 percent fo

just olya [345]

Answer:

Ans. Your monthly payments will be $1,602.37 ; The effective annual rate is 5.33%

Explanation:

Hi, first, we need to convert this APR rate into an effective monthly rate, that is, dividing 0.052/12 =0.00433 (or 0.4333%). Then we need to use the following equation and solve for A.

$PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }$

Where:

PresentValue= 84,500

A = periodic payments (the monthly payments that you need to make)

r = 0.004333333

n=60 months

So, let´s solve for A.

$84,500=\frac{A((1+0.004333333)^{60}-1) }{0.004333333(1+0.004333333)^{60} }$

$84,500=\frac{0.296201791}{0.005616874} A$

$84,500=A(52.73427328)$

$A= 1,602.37$

Now, in order to find the effective annual rate, we need to use the following equation.

$r(EffectiveAnnual)=((1+r(EffectiveMonthly))^{12} -1$

Notice that to find an effective rate you have to start with another effective rate, otherwise it won´t work. So everything should look like this.

$r(EffectiveAnnual)=((1+0.004333333))^{12} -1=0.0533$

Meaning that the equivalent effective annual rate to 5.2% APR is 5.33% effective annual.

Best of luck.

6 0

3 years ago