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Anon25 [30]
2 years ago
4

A man pays 20 percent of his total income in tax. his weekly tax is $100. what is his total weekly income?

Business
2 answers:
ra1l [238]2 years ago
8 0

Answer:

The answer is: $500

Explanation:

To calculate this man's weekly income if we are given his tax rate and the tax amount he paid, we can use the following formula:

  • weekly tax paid = weekly income x income tax rate

$100 = weekly income x 20%

$100 / 20% = weekly income

weekly income = $500

svetlana [45]2 years ago
4 0
To determine the total weekly income of the man, we simply subtract the amount of the tax he should pay to his gross weekly income. The gross weekly income of the man is $100. Twenty percent of this is $20. Therefore, the total weekly income would be 100- 20 =  $80.
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Block Island TV currently sells large televisions for $380. It has costs of $320. A competitor is bringing a new large televisio
photoshop1234 [79]

Answer:

Effect on income= (2,400,000)

Explanation:

Giving the following information:

Current selling price= $380

New selling price= $360

Unitary cost= $320

Units sold= 150,000*1.1= 165,000

<u>We need to calculate the effect on income:</u>

Effect on income= contribution margin new sales - contribution margin old sales

Effect on income= 15,000*(360 - 320) - 150,000*(380-360)

Effect on income= (2,400,000)

<u>Prove:</u>

New income= 165,000*40= 6,600,000

Actual income= 150,000*(380-320)= 9,000,000

Difference= (2,400,000)

5 0
2 years ago
Western Wholesale Foods incurs the following expenditures during the current fiscal year. How should Wesernaunt for each of thes
levacccp [35]

Answer and Explanation:

The classification is as follows

1.  Since it is a salary for the repair technicians so it would be an expense that is incurred

2. The remodeling should be capitalized and depreciated over their useful life of an asset

3, Since there is an annual maintenance cost, so it would be an expense that is incurred

4. The improvement of the line of production should be capitalized and depreciated over their useful life of an asset

5. Addition of a sprinkler system  should be capitalized and depreciated over their useful life of an asset

8 0
2 years ago
Valerie is in the business of selling toys. She has noticed that the sale of toys increases on long holiday weekends. She has in
Rama09 [41]

Answer:

match strategy

Explanation:

The match strategy in <em>capacity planning</em> refers to the fluctuating capacity that is altered at times in order to meet a particular demand. Since Valerie increases the staff work hours (labor capacity) during the time of increased demand (weekend), she is using the match strategy, which is sometimes called adjustment strategy.                

8 0
2 years ago
When Terry fed her dog, she noticed that only one can of Alpo Beef Chunk Dinner remained. Since it was the only kind her aging d
pishuonlain [190]

Answer:

When Terry fed her dog, she noticed that only one can of Alpo Beef Chunk Dinner remained. Since it was the only kind her aging dog ate, she stopped at the supermarket and bought a case of Alpo Beef Chunk Dinner dog food. She used habitual decision making process to replenish her stock of can.

Explanation:

As we have seen that Terry feeds her dog with only Alpo Beef Chunk, she don't consider any other option, product and brand, therefore, she needs very less search and almost no evaluation of any other option available in this product category. In this kind of decision making consumers needs very less information about the product because they know what they are going to purchase and they are very less bothered about the other options. Consumers feel almost no frustration in searching for the information and looking into the shelves for the other brands, they just go straight to the racks and pick their products up. Consumers saves their time by using this kind of decision making. In this kind of decision making, human brain form certain patterns, develop habits and therefore, saves energy.

5 0
2 years ago
Label demand as elastic, unit elastic, or inelastic for each scenario. Use the midpoint method when applicable to calculate the
oksian1 [2.3K]

Answer:

  1. Contain Yourself!, a plastic container company, raises the price of its signature Lunchbox container from $3.00 to $4.00 . As a result, the quantity sold drops from 20,000 to 15,000 = unit elastic
  2. Economists working for the United States have determined that the elasticity of demand for gasoline is 0.5 = inelastic
  3. Capital Metro decides to increase bus fare rates from $2.00 to $2.21 . Consequently, the number of passengers who decide to take the bus in Austin drops from an average of 70,000 riders a day to an average of 61,000 riders a day = elastic

Explanation:

  1. The demand for unit elasticity is an intermediate situation between an elastic and an inelastic demand curve, in which the price elasticity is equal to one, which means that given variations in the price, the total income does not change (price per quantity). Eslasticity=1
  2. Demand is inelastic when the percentage variation of the quantity demanded is less than the percentage variation of the price. Elasticity less than 1
  3. Elastic demand is when a small variation in the price causes a more than proportional change in the quantity demanded. Elasticity more than 1

7 0
2 years ago
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