Answer:
The largest monthly payment he can afford for the T.V set in order to be kept within a safe load of 20% is $156
Explanation:
Before we calculate, let us extract the key information from this question:-
*** David's monthly net income is $1,360
*** David pays a monthly rent of $450
*** He is paying off a student loan which costs him $116 per month.
*** He intends purchasing a new T.v set
*** We are simply required to determine the largest monthly payment that David can afford for the T.v set in order for him to be kept within a safe load of 20%.
In order to calculate the largest monthly payment that he can afford for the T.v set so as to be kept within a safe load of 20%, we will need to determine the actual amount that is twenty percent of his net income. If his net income is $1,360 then twenty percent of it is:
20/100 × 1360
= 27200/100
= $272
All we need to do now to find the largest monthly payment he can afford for the TV set is to subtract the student loan that he is paying off monthly ($116) from twenty percent of his net income ($272). That is:-
$272 - $116 = $156
Therefore the largest monthly payment that David can afford for the television set in order for his credit card payments and student loan to keep him within a safe debt load of 20% is $156.
Answer:
7%+18=10,000
Explanation:
I think that's how it goes u just need to solve it
Answer:
Explanation: A: Schedule
$ $ $
Total cost:
Units 67000 87000 107000
Variable Cost 254600 330600(87000*3.8) 406600(107000*3.8)
Fixed cost 380000 380000 380000
Total cost 634600 710600 786600
Cost per unit:
Variable cost 3.8 3.8 3.8
Fixed cost 5.67 4.37 3.55
Total cost per unit 9.47 8.17 7.35
B: Contribution Format Income statement
$
Sales Revenue($97000*$9.17) = 889490
Variable Cost($97000*$3.8) = ( 368600)
Contribution Margin = 520890
Fixed Cost = (380000)
Operating Income = 140890
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