harry's haberdashery has a percentage lease based on 5% of gross income of up to $25,000 per month and 2.5% of gross income above that amount. the minimum harry must pay is $1,000 per month. for a month in which harry has a gross income of $47,000, what will be his rent payment

Answers

Answer 1

For a gross income of $47,000, Harry will pay $1,800 in rent according to the terms of his percentage lease.

Harry's Haberdashery has a percentage lease, which means that the rent he pays is a percentage of his gross income. The lease specifies that Harry must pay 5% of his gross income up to $25,000 and 2.5% of gross income above that amount. However, the minimum Harry must pay is $1,000 per month.

To calculate Harry's rent payment for a month with a gross income of $47,000, we first need to determine how much of that income is subject to the 5% rate and how much is subject to the 2.5% rate.

For the first $25,000 of gross income, Harry will pay 5%, which is $1,250 ($25,000 x 0.05).

For the remaining $22,000 of gross income ($47,000 - $25,000), Harry will pay 2.5%, which is $550 ($22,000 x 0.025).

Therefore, Harry's total rent payment for the month would be $1,800 ($1,250 + $550), which exceeds the minimum payment of $1,000 per month specified in the lease.

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Related Questions

Check my work (2 remaining) vladimir is a manager at auttowort inc., an automotive plant in the united states. Auttowort has started expanding to other countries and is now sourcing 25 percent of its parts at a discounted rate from an automotive supplier in brazil. It has also outsourced some of its operations to india. This scenario most likely exemplifies:

Answers

Answer:

Globalization

Explanation:

Globalization can be defined as a process of integration and/or interaction between people, governments and companies all over the world. It can also be said to be the process by which people, companies or governments develops international influence.

Like the definition above, Auttowort Inc. is expanding to other countries(i.e Auttowort is starting to grow its influence in the other countries), as well as sourcing for materials from Brazil and India.

Cheers

Jessica has just opened a shoe store. To operate her business, she orders her
shoes from a company. That company receives the shoes from a local
designer. What role does Jessica play in the distribution channel?
A. Jessica is a producer.
оо
B. Jessica is a wholesaler.
C. Jessica is a retailer.
O
D. Jessica is a storage provider.

Answers

Answer:

The answer is C

Explanation: Brainiest Would help! :D

Answer:

Answer: C Jessica is a retailer

Explanation:

RETAILERS are responsible for making goods convenient for consumers

to buy.

If you own a business that purchases other people's merchandise and sells

it in your shop you are known as a RETAILER.

a _ is used to apply for jobs or even to collage

Answers

Answer: application

Explanation:

Applicationnnnnnnnnn

hello , What are three common tools for qualitative research in business and marketing?

Answers

Answer:

they would be in-depth interviews, focus group discussions and observation over data

Explanation:

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amanda wants to be part of the most basic form of ownership for a corporation. she should invest in:

Answers

Amanda wants to be part of the most basic form of ownership for a corporation. She should invest in common stock.

What do you mean by the common stock?

A security that symbolizes ownership in a firm is called common stock. Common stock owners choose the board of directors and cast ballots for corporate rules. Long-term rates of return are often higher with this type of stock ownership.

On average and over time, common stock has shown to be a fantastic source of returns for investors through capital gains and regular dividends.

Additionally, companies gain from issuing shares since they avoid debt commitments, but some ownership interest is forfeited.

Common Stock = Total Equity – Preferred Stock – Additional Paid-in Capital – Retained Earnings + Treasury Stock.

Therefore, Amanda wants to be part of the most basic form of ownership for a corporation. She should invest in common stock.

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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply

Answers

Ans: people with skills that are high in demand but low in supply

They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply

scooter co. offers the below vacation time as a benefit to its employees. number of employees 300 number of vacation days earned each year 10 number of hours per day 8 wage rate per hour in 20x1 $10.00 wage rate per hour in 20x2 $11.00 days taken in 20x1 3 days taken in 20x2 12 what is the vacations payable account balance at december 31, 20x2?

Answers

The vacations payable account balance at December 31, 20x2, is $184,800. To calculate the vacations payable account balance at December 31, 20x2: Let's look into employee information:

We need to determine the amount of vacation time earned but not taken by the employees. This is calculated by multiplying the number of unused vacation days with the wage rate per hour and the number of hours per day. In 20x1, each employee earned 10 vacation days, which amounts to a total of 3,000 vacation days (10 days * 300 employees). Assuming all employees took 3 days of vacation in 20x1, there were 2,700 vacation days remaining (3,000 - 300).

In 20x2, each employee earned another 10 vacation days, which amounts to a total of 3,000 vacation days (10 days * 300 employees). However, in 20x2, employees took 12 days of vacation, which means they used more vacation days than they earned. Therefore, we need to adjust for the excess days used. The excess vacation days used in 20x2 are 12 days - 10 days = 2 days per employee. So, the total excess days used by all employees are 2 days * 300 employees = 600 days. To calculate the vacations payable account balance at December 31, 20x2, we subtract the excess vacation days used from the remaining vacation days earned but not taken in 20x1: 2,700 days - 600 days = 2,100 days.

Finally, to determine the account balance, we multiply the remaining vacation days (2,100 days) by the wage rate per hour ($11.00) and the number of hours per day (8 hours): 2,100 days * $11.00 * 8 hours = $184,800. Therefore, the vacations payable account balance at December 31, 20x2, is $184,800.

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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration

Answers

Each scenario should be matched to the factors that affect the labor market as follows:

Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.

What is immigration?

Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:

Good governanceSecurityBetter living conditions.WorkJobsSocial amenities

What is a foreign direct investment?

A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.

In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.

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Drag each option to the correct location.Match the scenarios to the factors that affect the labor market.foreign

Answer:

Post Test: Free Market and Businesses

Unit: 2

Economics

Question #12

__________________________________________________________

This is 100% right because I took the test

Go to explanation for picture with answers

l

l

Explanation:

Here's the picture and I hope this helped!

Have a nice day!

Drag each option to the correct location.Match the scenarios to the factors that affect the labor market.foreign

What is the magnitude (size) and direction of the cumulative force acting on the car shown in the picture above?

Answers

Answer: 30 N to the right

Explanation:

Answer:

 

Explanation:

Place the steps of the job application process in order.
Hiring company post job description to a job opening
Hiring company conducts interviews
Interested applicants submit resume and cover letter
Hiring company calls references for the job applicant (s) they like the most
Hiring company offers there selected applicant the job
Interested applicants complete the job application provided by the company.

PUT THEM IN ORDER PLS I NEED HELP UNDERSTANDING THIS FOR ENTREPRENEURSHIP

Answers

Answer:

1. Hiring company post job description to a job opening

2. Interested applicants complete job application provided by the company

3. Interested applicants submit resume and cover letter

4. Hiring company conducts interviews

5. Hiring company calls references for the job applicant(s) they like the most

6. Hiring company offers there selected applicant the job

This step in the control process includes sufficient detail about what is to be controlled.
Multiple Choice
a) define
b) compare
c) measure
d) evaluate
e) correct

Answers

The step in the control process that includes sufficient detail about what is to be controlled is the defining stage. Option a) define is answer.

The first step in the control process is to define what is to be controlled. This involves identifying the goals, objectives, and standards for performance that will be used to measure the effectiveness of the control system. By defining what is to be controlled, managers can establish clear expectations and guidelines for employees, which helps to ensure that everyone is working toward the same objectives.

Option a) define is answer.

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This is a receipt for a purchase made at a restaurant in Sacramento, California. The total cost of the food and drinks before taxes was . The buyer paid in sales tax. Based on the receipt, Sacramento has a sales tax rate of .

Answers

Answer:

Total bill = $10.00Sales tax = $0.85Sales tax rate = 8.5%

Explanation:

According to the receipt in question, the buyer paid a total bill of $10.00.

Buyer also paid a sales tax of $0.85.

The total cost of the food was $10.00 and a sales tax of $0.85 was paid.

The sales tax is based on the amount paid so the sales tax rate is the percentage of $10 that $0.85 is.

= Sales Tax / Total bill * 100%

= 0.85 / 10 * 100%

=  0.085 * 100%

= 8.5%

Answer:

1- B) $10.00

2- A) $0.85

3- B) 8.5%

Explanation:

I did it on edge and got it right

somebody help me please

What happens if you don’t have a checking account? Where can you go to cash your check?

If you cash it at your bank, can you always have your money immediately?
Why?


What would prevent you from cashing your whole check instead of depositing it?

Answers

Answer:

Explanation:

1. Visit the Issuing Bank

Most banks will be willing to cash checks that have been issued from their accounts, which means you can visit a local branch of the issuing bank to get your check cashed. The big benefit of this is that you’ll often be able to cash both personal and payroll checks,And yes They will give the money back immediately but you will have to pay a fee. They will give it back immediately because they are required by the state                                                                   . 2.  Go to Walmart

The retail giant Walmart offers check-cashing services for customers. They’ll cash payroll checks, government checks, tax checks, and MoneyGram money orders, but not personal checks. The fee is $3 for any check up to $1,000, and $6 for any check between $1,000 and $5,000, which is the check-cashing limit.

You can Endorse the Check Over to a Friend, If you have a friend or family member whom you trust, and who has a checking account, you may be able to cash your check by endorsing the check over to them to cash. Ask the bank first if they will honor the check this way first though, since individual bank policies vary. When you endorse the check, you’ll sign your name and underneath write “Pay to the order of [friend’s name],” under which they’ll endorse the check. Their bank will then cash the check with no penalties.

Obviously, this only works if you completely trust your friend. It’s also not a favor you’ll want to get in the habit of asking, as it could be a major inconvenience for them.

You can Use a Check-Cashing Store ,This should be a last resort, as these sorts of establishments generally charge high rates for check cashing. In general, you can expect check-cashing stores to charge you a percentage of your check’s total, although some will also charge a flat fee on top of that.

You can try Prepaid Cards,Some banks will allow you to cash a check for “free” if you load the money into a prepaid card or prepaid account. The problem with these services is that the cards and accounts often have hefty monthly maintenance fees, as well as other hidden charges and fees.

The only thing that would prevent you from cashing your whole check instead of depositing is because If the bank are prepared to cash it then you might as well deposit it and at the same time do a part withdrawal of whatever cash portion of it you need. Why get the cashier to count out the full value of the check and then you hand back some of it to be deposited and recounted . I really indeed Hopes this helps.

The World Bank helped finance the Morogoro Shoe Factory in Tanzania in the 1970s. This shoe factory had labor, machines, and the latest in shoe-making technology. It had everything except-shoes. It never produced more than 4 percent of its installed capacity." What do you think may be the reason? What can we learn from this example about the huge income gap across countries?

Answers

The reason for the Morogoro Shoe Factory's low production despite having the necessary resources and technology could be attributed to various factors, such as poor management, lack of market demand, inadequate infrastructure, or inefficient production processes. This example highlights the complexities of economic development and the challenges that contribute to the income gap across countries.

There could be several reasons why the Morogoro Shoe Factory failed to produce more than 4 percent of its installed capacity. Poor management practices, such as a lack of skilled management personnel or ineffective decision-making, could have hindered the factory's operations.

Additionally, if there was a limited market demand for shoes or intense competition from imported shoes, it could have made it difficult for the factory to operate at full capacity.

Furthermore, inadequate infrastructure, such as unreliable power supply or transportation systems, could have posed challenges to the factory's production. Inefficient production processes, including suboptimal utilization of resources or outdated manufacturing techniques, could also have contributed to the low production levels.

This example illustrates the complex nature of economic development and the income gap across countries. It emphasizes that having access to resources and technology alone is not sufficient for economic success.

Factors such as effective management, market demand, infrastructure development, and efficient production processes are crucial for achieving higher productivity and narrowing income gaps. The example underscores the need for comprehensive strategies and supportive conditions to foster economic growth and bridge the income disparities between countries.

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Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $4,300 worth of jewelry and $5,600 of silverware were stolen from a family, what amount of the claim would not be covered by insurance?

Answers

The amount of the claim that would not be covered by insurance is $2,900.Most home insurance policies have limits on coverage for jewelry and silverware, which are typically $1,000 and $2,500,

respectively. In this scenario, the stolen jewelry exceeds the coverage limit, with a total value of $4,300. Similarly, the stolen silverware exceeds the coverage limit, with a total value of $5,600. Therefore, the total amount that would not be covered by insurance is the difference between the coverage limit and the value of the stolen items for each category.

For jewelry, the amount not covered is $3,300 ($4,300 - $1,000), and for silverware, the amount not covered is $3,100 ($5,600 - $2,500). The total amount not covered is $2,900 ($3,300 + $3,100).

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purchasers most commonly debit which account for transportation costs that they are responsible for paying?

Answers

The account most commonly debited by purchasers for transportation costs they are responsible for paying is the "Transportation-In" account

Normally included in the cost of products sold, this account is intended to track the transportation expenses related to the acquisition of goods or materials.

Transportation-In costs cover a range of costs associated with moving products, including goods, insurance, handling, and customs taxes. These expenses are borne by the buyer and are consequently included in the price of the products or materials being purchased.

The buyer can keep track of and record these transportation costs apart from the price of the products by debiting the Transportation-In account. This data can be used to compute the gross margin on sales, estimate the true cost of inventories, and analyse the overall cost of a purchase.

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A(n) _allows students to study more specific topics within their majors. O A. requirement O B. integration O C. minor O D. specialization​

Answers

Answer:

requirement

Explanation:

think so

if the mean is 32 and the median is 40 what would be value of mode

Answers

Answer:

Step-by-step po:

3 Median = Mode + 2 Mean

Given: Mean = 30  / Mode = 40

Now: 3 Median = Mode + 2 Mean

=> 3 Median = 40 + 2 (30)

=> 3 Median = 40 + 60

=> 3 Median = 100

=> Median = 100/3

=> Median = 33.3

Explanation:

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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Each time Eddie's Cars sells a vehicle, the company receives a larger discount from the manufacturer. At the end of the fiscal year, the company often slashes its prices by several hundred dollars per car because that amount will be more than offset by the increased discount the company receives from the manufacturer. The manufacturer is giving Eddie's Cars ______. Multiple choice question. a seasonal discount zone pricing a cumulative quantity discount a slotting allowance

Answers

Answer:

a cumulative quantity discount

Explanation:

The cumulative quantity discount  is the discount that is depend on the value of the good purchased over a time period. The discount would be applied for any kind of shipments that made within the timeframe.

Just like if wholesaler make an offer that if the purchase is done more than $5,000 so 5% discount is applied

So according to the given situation, it represent the cumulative quantity discount

How would a two percent rise in interest rates most likely affect new housing?​

Answers

A two percent rise in interest rates would most likely affect new housing by making the price of the houses fall in the long run.

As the interest rate of possessing a mortgage rises, many individuals would not afford a house with a mortgage.

Subsequently, as people are shying away from possessing mortgages with high-interest rates, home investors and sellers need to reduce their house prices to attract buyers.

Hence, in this case, it is concluded that a two percent rise in interest rates would most likely affect new housing by making the price of the houses reduce in the long run.

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please answer asap, i will give you a thumbs up!
Give an example of a company with a strong organizational culture. How does its management align the company vision and mission with its organizational culture?

Answers

Zappos exemplifies a strong organizational culture by aligning its management's vision and mission through a focus on exceptional customer service and cultivating a positive, empowering work environment that values employee happiness.

Zappos is a prime example of a company with a strong organizational culture. Its management aligns the company's vision and mission with its culture by prioritizing customer service and creating a workplace that values employee happiness. They empower employees to deliver exceptional service by providing extensive training and autonomy, while fostering a positive and fun work environment. This alignment ensures that every employee embodies the company's vision of delivering the best customer experience and contributes to a strong and customer-centric organizational culture.

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the majority of private sector employment in the u.s. economy is in the _______ sector.

Answers

The majority of private sector employment in the u.s. economy is in the Service sector. The third tier of the three-sector economy is the service sector, also referred to as the tertiary sector.

Why is the United States a service industry?

Employment—It is most straightforward to explain how services affect employment. Today's U.S. economy is referred to as a "service economy." This is so because the service sector employs the vast majority of the working population.

The United States services sector, a broad economic category that now includes financial services, media, transportation, and technology, was responsible for 67 percent of the GDP.

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Expansionary fiscal policy in a large open economy ______ the real interest rate and ______ the real exchange rate.

Answers

Answer:

“Increase”, “Increase”.

Explanation:

Both the blanks will be filled by the word “Increase” because expansionary fiscal policy is implemented to infuse the money in the economy. Therefore, the expansionary fiscal policy includes various tools that increase the money supply in the economy that is tax cut, increase in transfer payments, discounts or rebates, rise in government spending, etc. Here, all these measures will shift the aggregate demand curve rightwards. Resulting, an increase in the real interest rate, and the real exchange rate.

Which of the following is NOT a
characteristic of the Federal Reserve?
A. central bank of the United States
B. total influence over fiscal policy
C. control of the money supply

Answers

Answer:

B

Explanation:

The federal reserve are involved in monetary policy. in Economics, there is difference between fiscal and monetary policy, tho they are usually used interchangeably. fiscal policy has to do with govt spending and revenue which is more tax related, while monetary policy is related to the control of the supply of money in the economy, through the use of interest rates and other tools.

​________ refers to the benefit given up by choosing an alternative course of action.
A.Sunk cost
B.Opportunity cost
C.Relevant cost
D.Irrelevant cost

Answers

B. Opportunity Cost refers to the benefit given up by choosing an alternative course of action.

Opportunity cost refers to the benefit given up by choosing an alternative course of action. It is the cost of the next best alternative that is foregone when a decision is made.

Opportunity cost is a wholly internal expense that is only utilised for strategic consideration; it is not included in accounting profit and is not reported externally. Its examples include choosing to build a new manufacturing facility in Los Angeles as opposed to Mexico City, forgoing an equipment upgrade, or selecting the most expensive product packaging over less expensive alternatives.

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When making a volume trade-off decision, managers should ignore ______. Multiple choice question. fixed costs contribution margin variable costs

Answers

When making a volume trade-off decision, managers should ignore fixed costs.

The term fixed costs refers to a cost that does not exchange with growth or lower within the variety of goods or offerings produced or offered. fixed fees are charges that ought to be paid via an agency, impartial of any particular commercial enterprise activities.

In accounting and economics, fixed costs additionally called indirect prices or overhead charges, are business fees that aren't dependent on the level of products or services produced by way of the commercial enterprise. They have a tendency to be habitual, such as interest or rents being paid per month. those charges also have a tendency to be capital costs.

Fixed fees have a tendency to be fees that are based on time instead of the amount produced or sold by means of your business. Examples of constant costs are rent and rent charges, salaries, utility payments, insurance, and mortgage repayments. some varieties of taxes, like business licenses, are also fixed expenses.

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True or False conflicts can be difficult to resolve when people have strong emotions

Answers

yes is true coz others have Even big egos

True or false: Studying business does NOT offerlany benefits for those who decide to work for a government agency or a nonprofit organization

Answers

The following question is : false

The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:

b). False

'Non-profit Organizations' are characterized as the 'type of business organizations or set up that does not work with the aim of profit but for social welfare. Similarly, the sole motive of a government agency is also 'social welfare.' However, the workings of both the kinds of organizations(business and NPOs) are similar like the recruitment of staff or volunteers, ensuring productivity, putting the revenue back to the firm for progression of its operations, etc. Both of them have a goal of leaving the maximum impact on the people. Thus, the given statement is false as studying about business would give a very clear idea about the various processes of an organization.

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major factors influencing economic growth​

Answers

Answer:

Some major factors:

Natural Resources

Physical Capital or Infrastructure

Population or Labor

Human Capital

Technology

Law

Poor Health & Low Levels of Education

Lack of Necessary Infrastructure

Explanation:

Answer:

Natural Resources

Physical Capital or Infrastructure

Population or Labor

Human Capital

Technology

Law

Poor Health & Low Levels of Education

Lack of Necessary Infrastructure

Explanation:

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