answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vlabodo [156]
1 year ago
12

Jacob recently graduated from college and is starting a new job where he will have to commute to work by car. He shares an apart

ment with a roommate and his share of rent and utilities comes to $700 per month. His other necessary monthly expenses include $350 per month for food, $350 per month in student loan repayments and $200 per month in personal expenses. His take-home pay from work is $2,000 per month. If auto insurance and repairs for his new vehicle are expected to be $200 per month, what is the greatest amount he can commit for a monthly vehicle payment with no safety margin?
Business
1 answer:
Alborosie1 year ago
3 0

Answer:

The answer is: $200

Explanation:

Jacob's total expenses (current and expected) are:

  • rent and utilities $700
  • food $350
  • student loan $350
  • personal expenses $200
  • expected auto insurance and repairs $200

Total expenses = $1,800

If Jacob's take away salary is $2,000, he will only have $200 (= $2,000 - $1,800) for a car loan or lease monthly payment.

You might be interested in
Question 3 Lara Beal allocates wealth between two periods: youth and old age. Currently (in her youth) she has $8,000 in cash. S
Gnesinka [82]

Answer:

The correct answer is "$9450".

Explanation:

Given:

Payoff from investment,

= $6000

Lending to bank,

= 8000-5000

= 3000

Now,

At 15% interest,

The amount to be received from bank will be:

= 3000\times (1+\frac{15}{100} )

= 3000(1+0.15)

= 3000\times 1.15

= 3450 ($)

hence,

In her old age, most she can assume will be:

= 6000+3450

= 9450 ($)

4 0
1 year ago
Rosalyn is a single mother with two children ages 3 and 5, and she lives paycheck to paycheck. She is trying to save money for a
marta [7]

Answer:

This question is business question so I will answer it from business perspective. The least that I can do is offer her a one year package with an advance of $50. The monthly installment along with the interest that she will pay would be:

Monthly Installment including interest = (Amount Due/12months) + (Outstanding Amount * Interest Rate) ....Eq1

So I assume the interest rate is 5% and as we know the outstanding amount is $150.

By putting the values, we have:

Monthly Installment including interest = ($150/12months) + ($150 * 5%)

= $12.5 + $7.5 = $21 per month

Now the outstanding amount for the second month = $150 - $12.5 = $137.5

Now we will use this new outstanding amount to calculate the monthly installments including the interest by putting the values in the equation 1. Similarly for the next coming months the installments would be calculated.

7 0
1 year ago
ABC Manufacturing uses a Kanban system for a component. The daily demand is 800 units. Each container has a combined waiting and
Rashid [163]

Answer:

6 (rounded up to the nearest whole number)

Explanation:

Number of kaban= Daily demand*lead time in days * ( 1 + safety stock)/quantity in a container

= 800*0.34* (1+9/100)/50

272 * 1.09/50

272* 0.0218

=5.9296

=6 ( nearest whole number)

4 0
1 year ago
Cheryl Adams is having trouble defining her target market for the bookstore she's opening in her town, which is home to a small
Karolina [17]
The most viable target for her to engage will be the college students and their age group. In this way, she can also tap the tourist market without really having to do much. Hope this helps! Please put Brainliest! Have a great Day!
4 0
2 years ago
Read 2 more answers
Sathre Corporation is an oil well service company that measures its output by the number of wells serviced. The company has prov
Andre45 [30]

Answer:

The "Employee salaries and wages" in the flexible budget for December is $85,200

Explanation:

To compute the employee salaries and wages in the flexible budget we have to use the formula which is given below:

=  (Fixed element of employee salaries and wages) + (variable element of  employee salaries and wages × number of wells service during the year)

= ($56,400) + ($900 × 32 wells)

= $56,400 + $28,800

= $85,200

Other information which is given in the question is irrelevant, thus it is not considered in the computation part.

Hence, The "Employee salaries and wages" in the flexible budget for December is $85,200

6 0
1 year ago
Other questions:
  • A high school basketball team won 40% of its first 15 games. beginning with the 16th game, how many games in a row does the team
    13·1 answer
  • A court adjudicates henry mentally incompetent and appoints inez to be his guardian. later, without inez's knowledge, henry sign
    15·1 answer
  • An individual actually earned a 4 percent nominal return last year. Prices went up by 3 percent over the year. Given that the in
    9·1 answer
  • Angler Manufacturing makes fishing poles and sells them for $30 each. The firm’s variable costs are $12 per unit, and its total
    8·1 answer
  • The lot-for-lot (LFL) rule is best applied when: a. inventory-carrying costs are high. b. space constraints are low. c. costs as
    7·1 answer
  • U Do It Centers deposited $3,200 in an account two years ago and is depositing another $5,000 today. A final deposit of $3,500 w
    11·1 answer
  • Monique's Unique Boutique sells clothing from around the world in the U.S. Monique regularly travels overseas to find the best a
    13·1 answer
  • Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its
    14·1 answer
  • Julie is working on formulating a marketing plan to increase the market share of Little Debbie Snack Cakes. According to the dis
    14·1 answer
  • A city has built a bridge over a river and it decides to charge a toll to everyone who crosses. For one year, the city charges a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!