MaryKay wants to identify her monthly variable expenses to see if they are more than 40% of her monthly income. MaryKay's monthly income is $3,800. Her net income is 7% of her monthly income and her fixed expenses are $1,824. Determine the total of MaryKay's variable expenses and if they are more than 40% of her monthly income.
a.
MaryKay's variable expenses total $1,710, which is more than 40% of her monthly income.
b.
MaryKay's variable expenses total $1,976, which is more than 40% of her monthly income.
c.
MaryKay's variable expenses total $266, which is less than 40% of her monthly income.
d.
MaryKay's variable expenses total $1,740, which is more than 40% of her monthly income.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “MaryKay wants to identify her monthly variable expenses to see if they are more than 40% of her monthly income. MaryKay's monthly income is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A recession is a decline in: The inflation rate that lasts six months or longer. The unemployment rate that lasts six months or longer. Real GDP that lasts six months or longer. Potential GDP that lasts six months or longer.
Answers (2)
You have a choice of whether to lease or buy a location. You can lease it for $3,500 per month or buy it for $1 million. A bank will give you a mortgage at 4% per year. How will your monthly mortgage interest compare to the monthly lease cost?
Answers (2)
What is the capacity of the football stadium at the university of michigan?
Answers (1)
An increase in the price of a good causes a decline in demand for A. inferior goods. B. its substitutes. C. normal goods. D. its complements.
Answers (1)
which of the following is an example of a job that would supply a good that would meet a need? A. limo driver B. actor C. farmer D. doctor
Answers (1)
New Questions in Business
G. R. Edwin Inc. had sales of $6.02 million during the past year. The cost of goods sold amounted to $3.06 million. Operating expenses totaled $2.65 million, and interest expense was $27 comma 000.
Answers (1)
During the year, Calabash Clinic made a $50,000 cash payment toward its bank loan, which it had previously recorded; $40,000 was for principal, and $10,000 was to pay the full amount of interest due.
Answers (1)
How does gross income differ from net income?
Answers (1)
Catherine is married and a mother of two children. She has decided to forego her own career to stay home with her children until they are grown and on their own.
Answers (1)
What is a common workflow error that can cause duplicate expenses in QuickBooks Online?
Answers (1)