Determine what paul will have to pay on an annual bases for his $449,000 home if his insurance company is charging him $0.41 per
1 answer:
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Salary relationships usually have behaviors that can be expressed through mathematical equations, for this case we must locate the information they give us, according to which the salary of the movie star is equal to a fixed basic remuneration
plus a percentage
of the gross income
, that is:
With this equation and the data they give us, we can solve the request so :
We clear the basic remuneration from the second equation and replace in the first:
Thus, with the fixed basic remuneration and the percentage of gross income calculated, we can estimate how much the following film should obtain so that the movie star obtains at least millions salary:
Answer
The <em>minimum amount</em> of gross income that the next film should generate is <em>millions</em>
Answer:
$3,412
Explanation:
The computation of the economic order quantity is shown below:
=
=
= 2,954 units
The carrying cost is
= $15.40 × 15%
= $2.31
The number of orders would be equal to
= Annual demand ÷ economic order quantity
= 120,000 ÷ 2,954 units
= 40.62 orders
Now The total cost of ordering cost is
Ordering cost = Number of orders × ordering cost per order
= 40.62 orders × $ 84
= $3,412