Joe makes $15 per hour and works 40 hours per week. 30-year mortgage interest rate of 6.25% and a monthly payment of $439.00 15-year mortgage interest rate of 5.25% and a monthly payment of $575.00 Down payment: 5% minimum Taxes last year were $375. Insurance is $250 per year. What you are looking for: 1. Can Joe afford the monthly payments with taxes and insurance for either a 30 or 15 year mortgage?
2. Harley purchased $15,000 of equipment for cash. 3. Harley paid $500 cash to rent space for the first month of operations. 4.
a. Hardaway’s AGI is $97,000, consisting of the $97,000 of taxable compensation he received from his employer. b. Hardaway’s AGI is $97,000 (the same as in part a), consisting of $100,000 of taxable earnings minus $3,000 for AGI deduction for the health insurance. 39. [LO 1] Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $24,000 from Counti Bank and paid interest of $1,440.
He became convinced American consumers wanted a new type of store. Trusting his vision, Sam and his wife Helen put up 95 percent of the money for the first Walmart store in Rogers, Ark. 1972 – Walmart goes public Discounters such as Kmart quickly expanded in the 1960s, while Sam only had enough money to build 15 Walmart stores. In 1972, Walmart stock was offered for the first time on the New York Stock Exchange. With this infusion of capital, our company grew to 276 stores in 11 states by the end of the decade.
In one week, the team can make 500 shirts. The shirts sell for $40 each in the United States. a. What are the labor costs for each shirt? (4 points) b.
b. Lease equipment for $25,000 per month. The equipment requires three operators with salaries of $25,000 per year each. c. Buy a state of the art robot that cost $8,000,000 and will last for 9 years. The robot will require a technician with a salary of $35,000 per year.
In a recent news article of CNN (CNN, 2014), Ford said it will pay an average of $8,800 to about 47,000 hourly U.S. workers, up about $500 from last year. They are going to pay record profit sharing checks to United Auto Workers members after posting record profits in North America (Isidore, C., 2014). Ford also took a very innovative approach for motivating employees, which is ‘ONE Ford Approach’. While they have many types of employees and work arrangements, all of their employees together create a skilled and motivated team aligned around their overall ONE Ford objectives. Their ONE Ford plan aligns our efforts toward a common definition of success: having ONE Team, ONE Plan and ONE Goal for an exciting, viable Ford that delivers profitable growth for all (Ford Corporate, 2013).
(Points : 25) 5. (TCO F) You are the Sales Manager for your company. Your sales team is one that, once they gain the initial sale, enjoys considerable repeat business. Sales reps are paid a base of $35K and their commission package can add as much as $49K a year (average). Top producers make as much as $65K a year in commission--along with their base pay, they make $100K.
It was to be based on regional profit and the salary grade of each exempt employee. For example, a manager could receive 25 percent of their salary at year’s end and another 25 percent after 3 years. These rates would increase in respect to changes in an employee’s position and salary level. They were planning to implement the plan soon. McEnery and McGeachie had little in way of reference, due to the fact that not many companies had implemented international incentive programs.
Suburbs Friends of ours, Dan and Heather, built a house in a small town about 35 kilometres from Lethbridge, AB. Their home cost $320,000 – about $100,000 less than a similar home in Lethbridge – and their lot is twice the size. Heather works in town, and Dan works in Lethbridge. His drive to the office takes about 35 minutes each way. Between his daily commute, and their trips into Lethbridge for grocery shopping and entertainment, they spend $550 a month on gas.