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Montano1993 [528]
3 years ago
11

From June to the end of September, Jennifer wants to save at least $1,500. Her monthly expenses are $600. Jennifer saves whateve

r money she has left after paying her expenses each month. Jennifer is scheduled to work 80 hours in September. Find the minimum sales she needs in September to meet her goal of saving at least $1,500.
Business
1 answer:
kakasveta [241]3 years ago
4 0

The minimum sales required by Jennifer to meet her savings goal must be $26.25 per hour or $2100 for September.

Given that,

Savings desired = $1500

Monthly expenses = $600

Let money earned by her every hour be x

No. of scheduled work hours = 80

So,

Total money earned for the month = 80 × x

= 80x

As we know,

Money left = Total money earned - expenses

= 80x - $600 ...(i)

A.T.Q.

Money left must be = $1500

Then, by putting the variables in equation (i), we get

80x - 600 = 1500

Now, solving for  x

80x - 600 = 1500

        +600 = + 600

_______________

80x = 2100

x = 2100/80

∵ x = 26.25

Thus, the required sales are $ 26.25 per hour or ( 26.25 × 80 = $2100) for the month of September.

Learn more about 'savings' here:

brainly.com/question/18051939

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Jan. 27 Received Lee's payment for principal and interest on the note dated December 13.
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Question Completion:

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Answer:

Journal Entries:

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Credit Accounts Receivable (H. Cheng) $2,000

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Apr. 16 Debit Accounts Receivable (H. Cheng) $2,015

Credit Notes Receivable (H. Cheng) $2,000

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To record the dishonoring of Cheng's note.

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June 1 Cash $5,125 Notes Receivable (Tomas Company) $5,000 Interest Revenue $125

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