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    Practice

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    Sreeja
    The document outlines a personal budget including $50,000 in salary and $28,500 in net income after taxes, medical, dental, and retirement deductions. Total expenses are $47,500 resulting in a net loss of $19,000. It also provides information on the costs and revenues for an NCAA t-shirt vendor with fixed costs of $750, variable costs of $8 per shirt, selling price of $18 per shirt full price and $6 per shirt reduced price. With 1,450 shirts ordered and a demand of 1,500, the total cost is $12,350 and total revenue is $26,100 resulting in a profit of $13,750. Finally, it shows

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    Practice

    Uploaded by

    Sreeja
    10 views6 pages
    The document outlines a personal budget including $50,000 in salary and $28,500 in net income after taxes, medical, dental, and retirement deductions. Total expenses are $47,500 resulting in a net loss of $19,000. It also provides information on the costs and revenues for an NCAA t-shirt vendor with fixed costs of $750, variable costs of $8 per shirt, selling price of $18 per shirt full price and $6 per shirt reduced price. With 1,450 shirts ordered and a demand of 1,500, the total cost is $12,350 and total revenue is $26,100 resulting in a profit of $13,750. Finally, it shows

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    The document outlines a personal budget including $50,000 in salary and $28,500 in net income after taxes, medical, dental, and retirement deductions. Total expenses are $47,500 resulting in a net loss of $19,000. It also provides information on the costs and revenues for an NCAA t-shirt vendor with fixed costs of $750, variable costs of $8 per shirt, selling price of $18 per shirt full price and $6 per shirt reduced price. With 1,450 shirts ordered and a demand of 1,500, the total cost is $12,350 and total revenue is $26,100 resulting in a profit of $13,750. Finally, it shows

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    10 views6 pages

    Practice

    Uploaded by

    Sreeja
    The document outlines a personal budget including $50,000 in salary and $28,500 in net income after taxes, medical, dental, and retirement deductions. Total expenses are $47,500 resulting in a net loss of $19,000. It also provides information on the costs and revenues for an NCAA t-shirt vendor with fixed costs of $750, variable costs of $8 per shirt, selling price of $18 per shirt full price and $6 per shirt reduced price. With 1,450 shirts ordered and a demand of 1,500, the total cost is $12,350 and total revenue is $26,100 resulting in a profit of $13,750. Finally, it shows

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Budget

    Income:
    Salary: $ 50,000
    Taxes (22%): $ 11,000 =22%*B4
    Medical: $ 5,000
    Dental: $ 500
    Retirement: $ 5,000
    Net Income: $ 28,500 =B4-B5-B6-B7-B8
    $ 28,500
    Expenses:
    Rent: $ 18,000
    food: $ 5,000
    Car $ 5,000
    Travel $ 2,000
    apt items $ 1,000
    pet $ 1,000
    gifts $ 500
    savings $ 5,000
    loans $ 10,000
    Total expenses: $ 47,500
    net savings ₹ -19,000

    NCAA T-Shirt Vendor


    Given:
    Costs
    Fixed cost $ 750
    Variable cost $ 8 per shirt
    Revenue
    Selling Price (Full price) $ 18 per shirt
    Leftover sells at(reduced price) $ 6 per shirt

    No.of shirts ordered $ 1,450


    Demand $ 1,500
    No.of shirts ordered (Full price) $ 1,450
    No.of shirts ordered (reduced price) $ -

    Total cost $ 12,350


    Total revnue 26100
    total profit $ 13,750 =B40-B39

    Woodworks co.
    Costs: Cherry Oak
    Unit Cost $ 5.5 $ 4.3
    Board feet 30 30
    Material cost: $ 165 $ 129
    Labor req 16 16
    Labor rate $ 18.5 $ 18.5
    Labor cost $ 296.0 $ 296.0

    Total cost $ 461.0 $ 425.0

    cost Inc: 2.40% 1.70% 1.50%

    Year cherry oak labor total cherry total oak


    0 $ 165 $ 129 $ 296.00 $ 461.00 $ 425.00
    1 $ 168.96 $ 131.19 $ 300.44 $ 469.40 $ 431.63
    2 $ 173.02 $ 133.42 $ 304.95 $ 477.96 $ 438.37
    3 $ 177.17 $ 135.69 $ 309.52 $ 486.69 $ 445.21
    4 $ 181.42 $ 138.00 $ 314.16 $ 495.58 $ 452.16
    5 $ 185.77 $ 140.34 $ 318.88 $ 504.65 $ 459.22

    Woodworks co.
    $520.00

    $500.00

    $480.00
    TOTAL COST

    $460.00

    $440.00

    $420.00

    $400.00

    $380.00
    0 1 2 3 4 5

    YEARS

    total cherry total oak

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