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zhannawk [14.2K]
2 years ago
7

Jim just found a job with a take-home pay of $1,000 per month. he must pay $500 for rent and $100 for groceries each month. he a

lso spends $100 per month on transportation. if he budgets $50 each month for clothing, $100 for restaurants and $50 for everything else, how long will it take him to save $1,800?
Business
1 answer:
cluponka [151]2 years ago
5 0
18 months is your answer
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What are the three primary determinants of behavior in organizations?
Nostrana [21]
I think it's <span>Individuals, Groups and Structures.

Hope this helps !

Photon</span>
5 0
1 year ago
Why do corporations generally have the largest profits of any form of business?​
olganol [36]

A business owned by shareholders, also called stockholders, who own the rights to the company's profits but face only limited liability for the company's debts and losses.

8 0
2 years ago
Read 2 more answers
Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received
marin [14]

Answer:

$11,560

$5666.661

Explanation:

Given the following :

Bill received from accountant = $17,000

This year's marginal tax rate = 32%

Next year's marginal tax rate = 37%

After tax return on investment = 11%

After tax cost of bill is paid in December :

Billed amount * this year's tax rate

$17,000 * ( 1 - 0.32)

= $17,000 * 0.68

= $11,560

B) After tax cost of bill was paid in January:

Billed amount * next year's tax rate * PV factor

From the present value factor table;

PV factor (1 years, 11%) = 0.9009

Hence,

$17,000 * 0.37 * 0.9009 = $5666.661

4 0
1 year ago
Em sales had $2,200,000 in sales last month. the contribution margin ratio was 30% and operating profits were $180,000. what is
Paul [167]

<u>Calculation of margin of safety in sales dollars:</u>


We are given that Em sales had $2,200,000 in sales last month and the contribution margin ratio was 30% and operating profits were $180,000.

We can calculate fixed cost with the help of following formula:

Fixed Costs  =( Sales * contribution margin ratio) - operating profits

= (2200000*30%)-180000

= $ 480,000

Now we can calculate Breakevens Dollar Sales as follows:

Breakevens Dollar Sales = Fixed Cost / Contribution Margin %

= 480,000/30%

= $1,600,000


Finally, we can calculate the margin of safety in sales dollars as follows:

The margin of safety in sales dollars =  Actual Sales – Breakevens sales

= 2200000-1600000

=$600,000


Hence, Margin of safety in sales dollars is <u>$600,000</u>






5 0
1 year ago
Marco was an economics major in college until he discovered he could major in strength and conditioning. Then he switched majors
Liono4ka [1.6K]

n the video, Marco says he was an economics major in college until he discovered he could major in strength and conditioning. Then he switched majors. Clearly, learning about this field is important to him. Mike and Bob are addressing ............... when they send Marco to seminars instead of, for example, increasing his salary in exchange for his continued high performance at MBSC. They could maintain Marco’s high level of motivation by:........................

A. Sending him on an all-expense-paid Caribbean cruise for two weeks

B. Reimbursing his tuition as he seeks a master’s degree in fitness management

C. Reassuring him that he has a job with MBSC as long as he performs well

D. Setting up an employee discount program at a nearby coffee shop, laundromat, and tasalon

Answer:

Valence

C. Reassuring him that he has a job with MBSC as long as he performs well

Explanation:

By sending Marco to seminars, Mike and Bob are addressing VALENCE;  a psychological value  an individual put on  another person, in relation to the attractiveness of individual whose a psychological value has been placed. In this case, a psychological value placed on Macro by his managers is the valuable rewards they would get from his professional development, rather than increasing his salary in exchange for high performance.

Therefore, they could maintain Marco’s high level of motivation by reassuring him that he has a job with MBSC as long as he performs well.

7 0
1 year ago
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