Sandra's net income is $1247 per week. Sandra is trying to stick to a budget and allocates 20% of her pay to "wants." How much does Sandra have to spend on wants per week?
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- Wanda wants to open a health-food store. Her monthly expenses are rent $3,500, utilities of $1,000, insurance of $500, and payroll of $4,250. She estimates that her cost of goods is approximately 65 percent of sales. Wanda would like to make $4,000 a month for herself. What is Wanda’s contribution margin? How much does she need in monthly sales to break even? How much does she need in monthly sales to make a profit of $4,000? Construct a break-even chart for Wanda’s health-food store.George runs a coffee shop. His total sales are $107,758 per month. He has the following monthly expenses: rent is $5,140 wage expense is $21,076 material supplies are $10,545. George owns the building where he has his coffee shop. He could rent this space for $11,766 per month. If George only cares about earning the maximum income possible, what is the minimum monthly salary he would have to earn at his next best employment opportunity to get him to close his coffee shop? Enter a whole number with no dollar sign.Maya worked 50 hours last week. Her hourly wage is $10 per hour. What is her gross pay? What is her net pay?
- Angela's monthly disposable income is $1,749. She has monthly expenses of $1,548 (including recreational expenses of $219) and net cash flow of $201 per month. Angela analyzes her personal budget and decides that she can reduce her recreational spending by $48 per month. If Angela is saving $249 per month, what is her savings rate (i.e., savings as a percentage of disposable income)? Angela's savings rate is ___%. (Round to two decimal places.)im's business earns $10,000 per month. Kim's non-employee expenses are $3,000 per month. If Kim wants $2,000 in profit per month, how many employees can Kim have if each employee costs $1,000 per month?Alex makes $20 an hour as a dental assistant. She works 8 hours per day, and 80 hours on each paycheck. How much does Alex make, before taxes, on each paycheck? 1. What is the question asking you to find? Options choice: • How much Alex makes, before taxes, per paycheck. • How much Alex makes, before taxes, per hour. • How much Alex makes, before taxes, per week. •How much Alex makes, before taxes, per day. 2. Does the story problem gives you any information you do not need to solve the problem? If so, explain how you know the information is not needed. 3. How much will Alex make, before taxes, on her next paycheck?4. Do your best to explain why the size of the number you got makes sense. Just imagine that someone challenged your answer, and you wanted to convince them it was correct. Complete the following sentence: The answer I got makes sense because ______________.
- Jane budgets 9% of her net salary for groceries. If she spent $450 on groceries last month, what is her monthly net salary?Lilly worked 35 hours last week. Her hourly wage is $15.20 per hour. What is her gross pay? And calculate her net pay?Margo worked 45 hours last week. Her hourly wage is $17.25 per hour. What is her gross pay? And calculate her net pay?
- Wanda wants to open a health-food store. Her monthly expenses are rent$3,500, utilities of $1,000, insurance of $500, and payroll of $4,250. Sheestimates that her cost of goods is approximately 65 percent of sales. Wandawould like to make $4,000 a month for herself.a. What is Wanda’s contribution margin?b. How much does she need in monthly sales to break even? c. How much does she need in monthly sales to make a profit of $4,000?d. Construct a break-even chart for Wanda’s health-food store.Rhonda works 20 hours per week and earns $7.35 per hour. How much more would she need to earn per hour to increase her gross pay by $25 per weekAngela'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?