Derek works at Discount Tires for 20 hours a week during the year. He earns $10.50 an hour. In a typical month, he works for 80 hours. Calculate his net monthly income below.
Gross annual income=
Answers
Net monthly income is $840/month. The gross annual income of Derrek is $10080
Information that is given:
$10.50 an hour is his earnings.
80 hours is his working.
The calculation for the net monthly income and Gross annual income will be:
Gross income = Hourly wage x number of hours worked
Gross income = $10.50/hour x 80 hours/month
Gross income = $840/month
As no other information regarding tax or deductions are given $840/month will be the net monthly income
To calculate his annual income will be calculated for 12 months
Gross annual income= 840 * 12
= $10080
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Related Questions
Assuming a perfectly competitive market, with the cost function C = 295 + 3q2 and price = $48. What is the firm's profit?
Answers
the firm's profit in this scenario is -$103. This means the firm is incurring a loss.To determine the firm's profit in a perfectly competitive market, we need to calculate the total revenue and total cost,
and then subtract the total cost from the total revenue.
Given:
Cost function: C = 295 + 3q^2
Price: $48
Total Revenue (TR) is calculated by multiplying the price per unit (P) by the quantity sold (q):
TR = P * q
TR = $48 *
Total Cost (TC) is calculated using the cost function:
TC = 295 + 3q^
Profit (π) is the difference between total revenue and total cost:
π = TR - TC
π = $48q - (295 + 3q^2)
To find the profit, we need to determine the quantity (q) at which the profit is maximized. This can be done by finding the quantity that equates marginal revenue (MR) to marginal cost (MC).
Taking the derivative of the total cost equation with respect to quantity, we get:
MC = d(TC)/dq = 6q
Setting MR equal to MC:
48 = 6q
q = 8
Substituting the value of q into the profit equation:
π = $48 * 8 - (295 + 3(8^2))
Simplifying the equation:
π = $384 - (295 + 192)
π = $384 - $487
π = -$103
Therefore, the firm's profit in this scenario is -$103. This means the firm is incurring a loss.
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Cecilia has studied economics and knows about the value and investment potential of diamonds. the price of diamonds has recently decreased, and a new diamond mine has opened nearby. cecilia decides to buy a diamond necklace while the prices are lower. how did cecilia’s knowledge of economics help her make a savvy commodity purchase?
Answers
Cecilia's economics expertise helped her make a wise commodities purchase because she recognized that buying diamonds would satisfy her desires and needs.
What prompted Cecilia to purchase the diamonds?When the cost of diamonds falls, so does the cost of creating a diamond necklace, and so does the price of a diamond necklace.
In addition, the supply of diamonds would grow as a result of the new diamond mine's opening. Making a diamond necklace would be expensive as a result of this.
Thus, diamonds would satisfy her desires and needs.
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Answer:
D) She knew that the purchase of diamonds will satisfy wants and needs
Explanation:
The visual enhancement of any drawing through color, value, and texture
Answers
Answer:
That would be the composition of a work.
Source:
"The arrangement of elements within a work of art."
https://www.tate.org.uk/art/art-terms/c/composition
Think about the last purchase you made at a store. Did you know that when you made that purchase, you actually helped the economy to grow? How did your purchase do that?
Answers
Answer:
See below
Explanation:
By making that purchase, the industry you paid to made a profit. Profit helps countries to increase their GDP, therefore the economy has grown.
Answer:
The store owner used the money earned from the purchase to pay wages to the store’s employees. Those employees then bought other goods and services. When they paid for those items, that store in turn paid its employees, and so the cycle continues.
Explanation:
edmentum
Which of the following elements comprise strategic management? (Check all that apply.)Multiple select question.a. formulationb. implementationc. realizationd. analysise. definition
Answers
The three main components of strategic management are strategic analysis, strategic choice, and strategy implementation.
Which components make up strategic management?Strategic management frequently entails strategy assessment, internal organization analysis, and company-wide strategy implementation.
What are the five components of strategy?These five components of strategy are arenas, differentiators, vehicles, staging, and economic logic. Donald Hambrick and James Fredrickson, two strategists, created this paradigm.
What are the fundamental four components of strategy?Visioning, goal-setting, resource allocation, and prioritization are the four most commonly acknowledged fundamental elements of corporate strategy.
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Mary was shopping in a clothing store. She had $100 to spend. She found three items she liked: $99 for a pair of shoes, $98 for a jacket, and $96 for a dress. After over an hour of shopping, she decided to buy the jacket for $98. What was her opportunity cost?
Answers
Answer:
She have two opportunity cost: 1. Shoes
2. Dress
With the return back money of $2
Opportunity cost is the return of a foregone option less than the return on your chosen option.
A credit score is based in part on...
a. employment and race
b. income and location
c. employment and trust
d. payment history and total debt
Answers
Answer:
d. payment history and total debt
Explanation:
A credit score shows how reliable a borrower is in meeting their debt obligations. It is a measure of a customer's creditworthiness. A high credit score signifies a customer is good and prompt in repaying their debts.
A customer's credit history influences a credit score. When tabulating a credit score, timely installments payments, not missing on installments, and prompt loan repayment have a considerable weight. Credit history is essentially the backbone of credit score.
In B2C auctions, consumers control assets and use dynamic pricing to establish the price. T/F
Answers
False. In B2C (Business-to-Consumer) auctions, consumers do not typically control assets.
B2C auctions involve businesses (sellers) offering products or services to individual consumers (buyers) through an auction format. In these auctions, the sellers have control over the assets being auctioned. They set the starting price or reserve price for the item or service, and consumers (buyers) participate by placing bids. The dynamic pricing aspect refers to the fact that prices can change based on the bids submitted by consumers. Consumers (buyers) participate in B2C auctions by competing with each other to place higher bids and secure the desired item or service at the most favorable price for them. However, they do not control the assets themselves. The sellers retain ownership and control of the assets throughout the auction process.
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True or False: Organizations often add enticements such as relocation assistance and career development programs to attract better applicants. This is the only benefit to having these programs.
Answers
The given statement "Organizations often add enticements such as relocation assistance and career development programs to attract better applicants." is True organizations often add enticements such as relocation assistance and career development programs to attract better applicants.
These programs not only attract better applicants, but they also provide additional benefits to both the employees and the organization. For instance, career development programs help employees improve their skills and knowledge, leading to increased job satisfaction and retention rates.
Furthermore, such programs foster a positive work environment, resulting in higher employee engagement and productivity. Meanwhile, relocation assistance eases the burden of moving for new employees, allowing them to focus on their new role and adapt to the organization more quickly.
In summary, while these programs do attract better applicants, they also provide numerous other benefits, such as employee skill enhancement, increased job satisfaction, and improved productivity, which ultimately contribute to the overall success of the organization.
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The Luminarium Corporation has a market capitalization of $100,000,000, and each share is worth $100. How many outstanding shares of Luminarium Corporation are there
Answers
The number of outstanding shares of Luminarium Corporation in the market share is 1,000,000 shares.
What is an outstanding shares?An outstanding shares refers to the number of a firm's shares that is traded on the secondary market.
Outstanding shares = $100,000,000/$100 per share
Outstanding shares = 1,000,000 shares
In conclusion, the number of outstanding shares of Luminarium Corporation in the market share is 1,000,000 shares.
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Explain how someone can be employed and still live below the poverty line.
Answers
- person working a part time job but seeking full time employment
-had a job but earns low wages
-people that have large families
-member of family with serious health issue
The issue of whether removal of the item would cause damage to the remaining real estate is addressed in the
Answers
People often have different kinds of issues. The issue of whether removal of the item would cause damage to the remaining real estate is addressed in the Attachment test of fixture status.
What is the tests for a fixture?There are three main tests to know if an object has been a fixture. They are:
AnnexationAdaptationIntentionThe legal test of a fixture is known as attachment. It is said to be the key guiding principle when something is a fixture or is not a fixture or it has nothing to do with the method of attachment.
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In which accounts does the business record the amounts, and where are these accounts assembled?
The business records related amounts in their respective accounts known as
book or collection called the
Answers
The general ledger is the account that the business records the amount that the collections are.
What is the general ledger?The General Ledger contains all the accounts necessary to accurately reflect the financial transactions of a business, including assets, liabilities, equity, revenues, and expenses.
The accounts in the General Ledger are assembled into financial statements such as the balance sheet, income statement, and cash flow statement, which provide a summary of the financial health of the business.
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cash paid to purchase long term investments would be reported
Answers
Cash paid for long-term investments is reported in the statement of cash flows under the investing activities section.
When a company purchases long-term investments, such as stocks or bonds, it needs to report the cash paid in its financial statements. This information is important for investors and stakeholders to understand the company's investment activities.
The cash paid for long-term investments is typically reported in the statement of cash flows, specifically in the investing activities section. The statement of cash flows provides information about the cash inflows and outflows from operating, investing, and financing activities.
The cash paid for long-term investments would be categorized as a cash outflow in the investing activities section. This means that it is considered a use of cash for the company.
It is important for companies to accurately report their cash flows to provide transparency and help users of financial statements make informed decisions.
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Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answers
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
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the cap rate is 15%. the effective gross income is $100,000. operating expenses are $34,500. what is the value? $896,667 $436,667 $1,096,667 $666,667
Answers
The value of the property is $436,667 if the effective gross income is $100,000.
To find the value of the property using the capitalization rate (cap rate), you need to first determine the Net Operating Income (NOI). You can calculate NOI by subtracting the operating expenses from the effective gross income.
Step 1: Calculate the NOI.
NOI = Effective Gross Income - Operating Expenses
NOI = $100,000 - $34,500
NOI = $65,500
Step 2: Use the cap rate to find the property value.
Value = NOI / Cap Rate
Value = $65,500 / 0.15 (since the cap rate is given as 15%, we need to convert it to decimal by dividing it by 100)
Step 3: Calculate the value.
Value = $65,500 / 0.15
Value = $436,667
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physicians clinic orders by phone seven cases of single-use latex gloves from quality medical supplies, inc at a cost of $100 per case. after three cases are delivered and accepted, physicians clinic repudiates the contract. quality medical can enforce the contract to
Answers
After three cases are delivered and accepted, physicians clinic repudiates the contract. Quality medical can enforce the contract to deduct the difference between the contract price and the market price for the remaining four cases.
Single-use latex gloves are the non-reusable gloves that are made from latex. They are used in various industrial, medical, and laboratory applications. The gloves are used for the protection of the wearer and other people from infections, allergens, and other contaminants. They are used by people who work with potentially harmful substances that can cause infections or allergies.
Repudiation of a contract is when one party breaches the contract by declaring that they will not perform their obligations under the contract. The repudiation of a contract may occur by words or by conduct. It may also occur by anticipatory breach. The anticipatory breach occurs when one party declares that they will not perform their obligations under the contract before the time for performance comes.
A contract is an agreement between two or more parties that creates legal obligations between them. The contract may be expressed or implied. It may be written or oral. The contract may be enforceable by law. The contract may be governed by the common law or by the Uniform Commercial Code (UCC). It may also be governed by international law. It is important to have a valid contract because it provides security and predictability to the parties involved.
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Compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit
Answers
Answer:
The source of consumer credit is credit obtained on services like banking, insurance and travel.
Explanation:
Source of consumer credit are savings, credit union, sales , life insurance and loans etc. Entertainment credit is a state provided naturla pension credit union its controlled by the members. Is a loan or a form of credit, where the fund is dispersed in full when the loan is closed and must be given back.Under what circumstance would a country have a comparative advantage in
the production of a certain good?
A. It has a lower opportunity cost for production of that good.
B. It has a more highly skilled work force.
C. It has well-developed industrial capacities.
D. It uses an assembly line to produce that good.
Ap3x
Answers
Answer: [A] It has a lower opportunity cost for production of that good.
Explanation: It has a lower opportunity cost for production of that good. Comparative advantage comes when a country gives up less than others to engage in a particular type of production.
Answer:
It has a lower opportunity cost for production of that good.
Explanation:
DS Unlimited has the following transactions during August. August 6 Purchases 82 handheld game devices on account from GameGirl, Inc. , for $260 each, terms 3/10, n/60. August 7 Pays $460 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl seven game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 62 game devices purchased on August 6 for $280 each to customers on account. The total cost of the 62 game devices sold is $16,017. 0. Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places. )
Answers
The recording of the transactions during August for DS Unlimited is as follows:
Journal Entries:August 6 Debit Inventory $21,320
Credit Accounts Payable (GameGirl, Inc.) $21,320
To record the purchase of 82 handheld game devices on account for $260 each, terms 3/10, n/60.August 7 Debit Freight-in Expenses $460
Credit Cash $460
To record the payment for freight on purchased goods of August 6.August 10 Debit Accounts Payable (GameGirl, Inc.) $1,820
Credit Inventory $1,820
To record the return of goods (7 devices).August 14 Debit Accounts Payable (GameGirl, Inc.) $19,500
Credit Cash $18,915
Credit Cash Discounts $585
To record the full payment, including discounts.August 23 Debit Accounts Receivable $17,360
Credit Sales Revenue $17,360
To record the sale of goods on account.Debit Cost of goods sold $16,017
Credit Inventory $16,017
To record the cost of goods sold.Transaction Analysis:August 6 Inventory $21,320 Accounts Payable (GameGirl, Inc.) $21,320
purchase of 82 handheld game devices on account for $260 each, terms 3/10, n/60.
August 7 Freight-in Expenses $460 Cash $460
August 10 Accounts Payable (GameGirl, Inc.) $1,820 Inventory $1,820
August 14 Accounts Payable (GameGirl, Inc.) $19,500 Cash $18,915 Cash Discounts $585
August 23 Accounts Receivable $17,360 Sales Revenue $17,360
Cost of goods sold $16,017 Inventory $16,017
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Help Meee PLEASE, I need this by the next five minutes!!
When a GUI is so easy to use that you can perform most tasks without thinking about it, the GUI is considered _____.
Answers
When a GUI is so easy to use that you can perform most tasks without thinking about it, the GUI is considered intuitive
What does it mean to be intuitiveThis tells us that the GUI is so easy to use that you can perform most tasks without thinking about it. The intuitive part if the GUI tells us that it is user-friendly and easy to understand
Hence the user is able to navigate and perform tasks without needing any special instructions or training.
It will then lead to saving of time and increased efficiency and productivity.
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Question 13 (5 points)
Which of the following arguments would an economist use in favor of sustainable development?
Improved education is the key to economic development.
Rapid development causes environmental problems for the whole world.
There is not enough wealth in the world to sustain development.
Less developed countries need to industrialize quickly to keep up.
Answers
Answer:
Improved education is the key to economic development.
Explanation:
What is development without education, then we will just go back to the Savage civilization, education is fundamental in our professional and personal life, it deals with everything. Like industrialization, cooking, economic development and everything else. So for sustainable development for a developed or developing country one needs education to become skilled and help in the development of ones country
Anyone who has the power to sway or persuade others, especially via their opinions and posts on a specific topic, market or industry, is known as a/an:
А
sharer
B
participant
С
contributor
D
influencer
Answers
Which is a requirement for an acceptance?
Answers
Answer:
Ohhh, this is business related. The requirements for an acceptance, in economics/business, are that both people in the agreement must do what they requested, and the offer must be made with the intent to follow through on the agreement. You can look at Google for a more in depth explanation, but this should help. :)
) Analyze how telemedicine may reduce related monetary and non-monetary cost for hospital patients. (20 marks)
Discuss and illustrate why ethical concerns and fairness perception in pricing are important issues when designing service fee schedules and revenue management strategies? Support your answers with examples
Answers
Telemedicine has emerged as a transformative solution in healthcare, offering the potential to reduce both monetary and non-monetary costs for hospital patients. When analyzing the impact of telemedicine on costs, it is important to consider various factors.
Firstly, telemedicine eliminates the need for patients to physically travel to healthcare facilities, thereby reducing transportation costs, parking fees, and other associated expenses. Patients can now access medical consultations, follow-ups, and even receive prescriptions from the comfort of their own homes. This convenience not only saves money but also reduces the time and effort required for hospital visits.
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One of the reasons a firm carries inventory is to ______, that is, to achieve constant output and use inventory to meet overly high requirements during seasonal periods.
Answers
Firms do carry inventory in order to have smooth production requirements and to achieve constant output .
What is an Inventory?Inventory serves as those goods and materials that a business holds so they can resale or production or utilisation purpose.
inventory can be used to meet overly high requirements during seasonal periods.
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Based on the sustainable growth rate, which of the following factors affect a firm's ability to sustain growth?
-Profit Margin (PM)
-Financial Policy
-Dividend Policy (d)
Answers
The ability of a firm to sustain growth is influenced by factors such as profit margin (PM), financial policy, and dividend policy (d).
The sustainable growth rate (SGR) measures a firm's ability to maintain its growth over the long term. Profit margin (PM) is an important factor that affects SGR as it indicates the efficiency of the firm's operations. A higher PM implies that the firm is generating more profits from its sales, which provides a solid foundation for sustained growth.
Financial policy also plays a crucial role in determining a firm's ability to sustain growth. This encompasses decisions regarding capital structure, investment in assets, and financial management practices. A well-defined and prudent financial policy can ensure that the firm has access to adequate capital, manages its debt obligations effectively, and makes strategic investments to support growth.
Dividend policy (d) is another factor that impacts a firm's ability to sustain growth. When a firm pays out a larger portion of its profits as dividends, it reduces the retained earnings available for reinvestment in the business. Consequently, a more conservative dividend policy that retains a higher portion of earnings can provide the firm with additional funds for future growth initiatives.
In conclusion, profit margin, financial policy, and dividend policy are all important factors that influence a firm's ability to sustain growth. By maintaining a healthy profit margin, implementing effective financial policies, and adopting a prudent dividend policy, a firm can enhance its chances of achieving sustainable growth in the long run.
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Define herbs.write any 6 examples of herbs.
Answers
Explanation:
Herbs are plants that are grown for culinary, medicinal, or aromatic purposes. They are typically grown for their leaves, stems, or flowers, which are used to add flavor to food, provide therapeutic benefits, or add fragrance to perfumes or other products.
Here are six examples of herbs:
Basil - Basil is a common herb used in Mediterranean and Italian cuisine. It has a sweet, slightly peppery flavor and pairs well with tomato-based dishes, soups, and salads.
Thyme - Thyme is a fragrant herb with a slightly lemony flavor. It is often used to season poultry, fish, and vegetables, and is a popular ingredient in French cuisine.
Rosemary - Rosemary is an aromatic herb with a pine-like flavor. It is often used to season roasted meats, poultry, and potatoes, and is a staple herb in Mediterranean cuisine.
Sage - Sage is a strong-flavored herb with a slightly bitter taste. It is often used to season poultry, stuffing, and pasta dishes, and is a key ingredient in traditional Thanksgiving stuffing.
Mint - Mint is a refreshing herb with a cool, slightly sweet flavor. It is often used to flavor beverages such as tea or cocktails, and is a popular ingredient in Middle Eastern and North African cuisine.
Oregano - Oregano is a pungent herb with a slightly bitter, peppery flavor. It is often used to season tomato-based dishes, pizza, and grilled meats, and is a staple herb in Greek and Italian cuisine.
Morgan has worked very hard to become a social worker. She feels a sense of fulfillment when she can help families. Morgan is offered a promotion to manager, but this would mean that she would no longer work with families. To stay on her career path, Morgan must accept the promotion. ( True False)
Answers
REALTOR Dana is a complainant in an ethics complaint. As long as the respondent agrees to the method, Dana's confident that they'll be able to use mediation in the matter. How is Dana so sure?
Answers
How is Dana so sure is; All local boards must tend to offer mediation in otherwise arbitrable matters.
What is mediation?Mediation can be defined as the way in which a mediator help to resolve dispute whenever their is conflict between two parties by making use of dispute resolution techniques.
Offering mediation in arbitrable matter is important as it can tend to help to settle dispute.
Therefore All local boards must offer mediation in otherwise arbitrable matters.
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