Santos has a poultry farm in General Santos City. Every week, he earns 593,840 for chicen and 726,195 or eggs. Of thee earnings, he is able to save 359 a month, and the rest of his earnings is used as revolving fund. How much is his total sales a week? How much does he earn in all for 4 weeks?
Q: Alice is a high school teacher who enjoys knitting. She knits scarves and sweaters and sells them in…
A: Net income or net loss is computed subtracting the aggregate revenues from total expenses for the…
Q: molly has a part time job that pays her a gross income of $135 each week. Her withholding each week…
A: The withholding is that amount of income that is not included in the paycheck but is directly…
Q: Jin Mai is in her second year at col housemates each pay one third of the utility bill, cable…
A: Total expenses refer to the sum of all gross cash expenditures plus any pending subsidiary items,…
Q: Jim has an annual income of $300,000. Jim is looking to buy a house with monthly property taxes of…
A: Here, To Find: Maximum monthly mortgage payment =?
Q: Sarah is the owner of Sunshine Bakery. Sunshine Bakery produces 10,000 units of bread per year and…
A: Accounting profit is computed by deducting business expenses from revenue; whereas, economic profit…
Q: A professor has two daughters that he hopes will one day go to college. Currently, in-state students…
A: Since, first payment of fees starts at 16th year and we are given fees at current money value, so…
Q: If Jill’s salary increases at a 6% uniform rate per year, and she continues to invest 5% of it each…
A: The present value of annuity is computed by discounting the future payments using the specified…
Q: Bert spends $10.60 a day travelling to work, and a further $65 a day sending his daughter Belle to a…
A: Income tax: Income tax can be defined as the tax charged on the income of the individual and the…
Q: John and his wife, Joanne, both work and have a combined gross income of $115000 per year. They…
A: Here,
Q: Don Beldon earns $7.50/hour, and worked 43 hours during the most recent week. He participates in a…
A: The tax withholding is recognized into types of withholding by the employer : Federal…
Q: Manuel is paid $205 each day he guides tourists on camping trips in the Grand Canyon. What amount…
A: Formula: Total earnings = Number of days worked x Per day amount. Multiplying per day amount with…
Q: Each autumn, as a hobby, Anne Magnuson weaves cotton place mats to sell through 3 local craft shop.…
A:
Q: In purchasing an automatic washing machine worth ₱30,000, Lilian pays ₱8,000 cash and agreed to make…
A: The regular payments to be made for the loan taken can be calculated using the PMT function in…
Q: Mr. Juan is a retired government employee who is good at baking. One day he decides to put up a…
A: Accounting:- It is a record of financial transactions in books, which helps in identifying,…
Q: Sue is a small business owner who often gives gifts to clients. She gives a $40 gift to her client,…
A: Expenses: Expenses are the amount spent for running business activities in return of some benefit.
Q: Freddy runs a business selling clocks. He buys 457 clocks for $44 each (including GST) and sells…
A: solution : GST rate in Australia = 10% GST paid on purchase which can be claimed as GST credit…
Q: Ed and Marta are paid $4,130 after taxes every month. Monthly expenses include $1,397 on housing…
A: The monthly savings would be computed by deducting the monthly expenses from the monthly after-tax…
Q: Michael needs to keep his back-end DTI at 39% (at most). He pays monthly rent of $925, monthly car…
A: The debt amount in DTI ratio or debt-to-income ratio includes the aggregate sum of all expenditures…
Q: Imagine that a student graduated from college with a degree in education, and they got a full-time…
A: Bankruptcy is a situation when the borrower is not having enough money to repay the scheduled…
Q: Jenna owns a jewelry business, and she plans to save $500 every month for 3 years to buy precious…
A: Using Excel
Q: Hillary sells cosmetics from her part time home based business. she receives a straight commission…
A: Often companies do not sell their own products directly. Instead they use third parties as…
Q: Martha and Jean are married and have 4-year old twins. Jean is going to school full-time for 9…
A: $900. Jean gets credit for $500, a month of earned income while she attends school for nine months,…
Q: Skye plans to attend a 4-year public university. She will receive $4,300 in scholarships and grants…
A: Savings refers to the disposable income which is left by incurring all expenses. In order to…
Q: Ed and Marta are paid $2,440 after taxes every month. Monthly expenses include $860 on housing and…
A: Savings ratio shows the proportion/ratio of savings to the respective income.
Q: 14. Robert is in grade 12 and lives on his own. With student loans and a part-time job, he has a…
A: Solution:- Amount of money in hand at end of month means the total money available after meeting all…
Q: a)- Calculate the current annual total inventory holding cost and annual total ordering cost b)-…
A: Hey there since you have posted multiple questions, we can answer only first three questions, kindly…
Q: George used to work as a research analyst earning $80,000 per year. George has decided that he has…
A: Accounting profits only includes explicit costs such as material, labor, overheads, which are…
Q: Chikita plans on raising funds for her donation drive, #BangonCagayan for the victims of typhoon…
A: The series of deposits discussed here is a form of an annuity due wherein an equal amount is paid at…
Q: What is the amount of his child and dependent care credit?
A: Given Jack paid = $5000 in day care as expenses Daughter age = 5 years His AGI = $37500
Q: %
A: Total Earning = Total Expenditure + Savings Expenditures:- 1.Income on Housing = 23% 2.Food…
Q: Aling Minda is operating a buy and sell business, she sells broomsticks (walis tingting) in her…
A: Revenue represents the earnings of the company before deducting any expenses incurred by the…
Q: Samantha makes $28.00 per hour and is paid for a 40 hour work week. She pays 15% federal income tax,…
A:
Q: Her Social Security tax for the week is $____?
A: Solution:- Normal Wages = 40 hours * $16 = $640 Overtime wages = Overtime hours * $16 * 1.5…
Q: Manuel is paid $185 each day he guides tourists on camping trips in the Grand Canyon. what amount…
A: Total earning will be the amount which I earned by calculating as per specified norms.
Q: ane budgets 9% of her net salary for groceries. If she spent $450 on groceries last month, what is…
A: Monthly Net Salary = Amount spent on groceries/ Percentage of net salary spent on groceries
Q: A professor has two daughters that he hopes will one day go to college. Currently, in-state students…
A: Since, first payment of fees starts at 16th year and we are given fees at current money value, so…
Q: Jim has an annual income of $300,000. Jim is looking to buy a house with monthly property taxes of…
A: Let the monthly mortgage = X Monthly property tax = $1200 Monthly homeowner's insurance = $300…
Q: Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $530,000 and…
A: EBIT = Sales - total operating expenses Operating expenses will include all expenses except interest…
Q: Anderson Brown worked 39 hours during the first week of the calendar year and earns regular wages of…
A: Social Security Tax:- Social Security tax is imposed on both the employee and employer of the firm…
Q: Ryan works at the donut shop where he makes $10.25 per hour. He also works part time at the school…
A: Given, Rate of Donut Shop = $10.25 per hour Rate of Book Store = $8.75 per hour Let the number of…
Q: Bert spends $10.60 a day travelling to work, and a further $65 a day sending his daughter Belle to a…
A: Step 1 In Income tax assessment, while calculation tax liability all the expenses are allowed up to…
Q: Monique has a flock of six chickens in her backyard that she initially bought for $6 each. The flock…
A: It is assumed that all eggs produced are sold. Economic profit = revenues - explicit costs -…
Q: Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000…
A: The Explicit Cost is defined as the cost which is incurred outside the business, that is, something…
Q: Garth Grits works as an employee at Superior Foods, a local supermarket. As an employee, Garth…
A: Given that, Garth earns $17 per hour and works 200 hours per month. Garth currently supplements his…
- Santos has a poultry farm in General Santos City. Every week, he earns 593,840 for chicen and 726,195 or eggs. Of thee earnings, he is able to save 359 a month, and the rest of his earnings is used as revolving fund.
How much is his total sales a week?
How much does he earn in all for 4 weeks?
Step by step
Solved in 2 steps
- Abdul works full-time in a bookstore. He earns a take-home salary of $580 a week. His expenses are $770 a month for rent and utilities, $41 a month for his cell phone, $80 a week for groceries, and $150 every two weeks for miscellaneous expenses. How much can Abdul save each month?Chelsea Menken, of Providence, Rhode Island, recently graduated with a degree in food science and now works for a major consumer foods company earning $70,000 per year with about $57,600 in take-home pay. She rents an apartment for $1,200 per month. While in school, she accumulated about $37,000 in student loan debt on which she pays $385 per month. During her last fall semester in school, she had an internship in a city about 100 miles from her campus. She used her credit card for her extra expenses and has a current debt on the account of $8,000. She has been making the minimum payments on the account of about $240 a month. She has assets of $14,000. 1. Calculate Chelsea’s debt payments-to-disposable income ratio. Round your answer to two decimal places.LaMont works for a company in downtown Chicago. The company encourages employees to use public transportation (to save the environment) by providing them with transit passes at a cost of $284 per month. If LaMont receives one pass (worth $284) each month, how much of this benefit must he include in his gross income each year? If the company provides each employee with $284 per month in parking benefits, how much of the parking benefit must LaMont include in his gross income each year?
- LaMont works for a company in downtown Chicago. The company encourages employees to use public transportation (to save the environment) by providing them with transit passes at a cost of $285 per month. Required: If LaMont receives one pass (worth $285) each month, how much of this benefit must he include in his gross income each year? If the company provides each employee with $285 per month in parking benefits, how much of the parking benefit must LaMont include in his gross income each year?Angela's monthly disposable income is $3,188. She has monthly expenses of $2,869 (including recreational expenses of $404) and net cash flow of $319 per month. Angela makes a budget based on her personal cash flow statement. In two months, she must pay $389 for tags and taxes on her car. How much can Angela expect to save in the next 12 months?LaMont works for a company in downtown Chicago. The firm encourages employees to use public transportation (to save the environment) by providing them with transit passes at a cost of $270 per month. a. If LaMont receives one pass (worth $270) each month, how much of this benefit must he include in his gross income each year? b. If the company provides each employee with $270 per month in parking benefits, how much of the parking benefit must LaMont include in his gross income each year?
- Manuel is paid $185 each day he guides tourists on camping trips in the Grand Canyon. what amount did he earn last month if he worked 34 days?molly has a part time job that pays her a gross income of $135 each week. Her withholding each week is $59.50. She also baby sits. Her saving strategy is to deposit 20 Percent of what she takes home. This week she earned $35 from two baby sitting jobs. How much should she deposit?Jim Lawler spends 23% of his income on housing, 10% on food, 9% on clothing, 17% on transportation, 12% on education, 8% on recreation, 6% on miscellaneous, and saves the balance. If his savings amount to $220 per month, what are his monthly earnings?
- Floyd owns an antique shop. During the year, he and his wife, Amanda, who works as a real estate broker, attend a 3-day antique show in Boston. The following facts are related to the trip: Train per person $ 110 Hotel daily rate—double occupancy * 115 Meals—$37 per day per person 37 Incidentals—$14 per day per person 14 *The hotel rate for double occupancy is $20 more than the single occupancy rate. What amount can Floyd and Amanda deduct as travel expense, rounded to the nearest dollar?Sarah is the owner of Sunshine Bakery. Sunshine Bakery produces 10,000 units of bread per year and sells at the price of RM5 each. Sarah spends RM5,000 on ingredients such as flour, eggs and others to produce the 5,000 units of bread per year. She has withdrawn her savings from a bank to invest in her business. (Assume Sarah could earn an interest of RM1,250 per year from her savings). In the meantime, Sarah also borrows money from a relative for the sake of her business. The relative charges her an interest of RM1,250 annually for the loan. In addition, Sarah hires two part-time workers to help her at the bakery, paying them RM5, 000 each per year. In addition, Sarah can work at a competing bakery for RM20, 000 per year. Based on the information above, (i) Calculate Sarah’s accounting profit(ii) Calculate Sarah’s economic profitMark makes $82,420 per year and pays about 23% of his gross monthly income in federal and state taxes. He wants to find an apartment to rent. Estimate how much he can afford to pay for rent each month. Then determine how much money he will have after taxes and rent are paid