Question: Cecilia and Nathan estimate their total cost for a vacation in Australia to be $14,775. a. What percentage is this cost of their combined gross

Cecilia and Nathan estimate their total cost for a vacation in Australia to be $14,775.
a. What percentage is this cost of their combined gross monthly income of $8775?
b. If 72% of their gross monthly income is already consumed by rent, taxes, car payments, and other regular living expenses, what percentage is the trip’s cost of their remaining annual disposable income?

Step by Step Solution

★★★★★

3.48 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Rate Portion Base 14775 8775 1684 168 b Disposable ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

711-B-A-C-I (134).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

For this exercise, your client, Bright IDEAS Inc., has provided you with a listing of sales invoices. To test whether the client appears to have a receivables collectability problem, the auditor must...

Jim and Cecilia were having lunch at the public accounting firm cafeteria downtown and discussing the future. They had both been recently promoted to managers, with incomes approaching six figures....

Nathan uses the percentage of completion method to report income from his real estate construction contracts. A contract was begun in 2016 and completed in 2017. In 2016, Nathan reported gross income...

Consider an industry in which chief executive officers (CEOs) run firms. There are two types of CEOs: exceptional and average. There is a fixed supply of 100 exceptional CEOs and an unlimited supply...

full explain Show all your calculations (Questions in this section carry 2.5 - marks for each question) 3- Quality Grocer makes its own bulk "trail mix" by mixing raisins and * peanuts. The wholesale...

Cecilia and Nathan estimate their total cost for a vacation in Australia to be $14,775. a. What percentage is this cost of their combined gross monthly income of $8775? b. If 72% of their gross...

Can you please help me solve the following questions. I will also need the answers step by step. thank you in advance 1 Cecilia and Nathan estimate their total cost for a vacation in Australia to be...

Cecilia and Nathan estimate their total cost for a vacation in Australia to be $14,775. a. What percentage is this cost of their combined gross monthly income of $8775? b. If 72% of their gross...

Cecilia and nathan estimate total cost for a vacation in Australia to be$14775? A) what percentage is the cost of their combined gross monthly income of 8775 ? B) if 72 % of their gross monthly...

Financial Statement Analysis Part 1 As described in the project overview, Appendix A of your textbook describes several ratios, as well as vertical analysis and horizontal analysis of financial...

Common Size Balance Sheet Prepare a spreadsheet with common size balance sheets for the years ended November 30, 2014 and 2015. For 2014, each line item should be shown as a percentage of total...

What is consumer surplus? How is it measured?

BILLIARDS The function g(x)=|0.5x| models the path of a cue ball in a certain shot on a pool table, where the x-axis represents the edge of the table. Describe how g(x) is related to its parent...

What did you learn about yourself and your investment risk tolerance while completing this challenge?

2. A packet contains 100 washers, 24 of which are brass, 36 copper and the remainder steel. One washer is taken at random without replacement, and a second washer similarly drawn. Determine the...

Round off all answers to three decimal places 1. Fourteen percent of a type of plastic bushes are rejects. Determine: a. The probability that any one item drawn at random is (i) Defective Acceptable...

4. A pizza shop owner determines the number of pizzas that are delivered each day. Find the mean, variance and standard deviation for the distribution shown. 38 39 Number of deliveries X 35...

Read the following text critically and answer the questions given below . In its widest sense, government means the framework and rules by which decisions that affect a community as a whole are...

XYZ Equipment In. receives an order from Shiraz Consultant Clinic on 15 th August. The company started its production on the 18 th of August and completed it on the 25 th of August. The company...

Choose a gaming site with which you are familiar. Design a marketing communications message to be integrated into the gaming site that is both impressive and not intrusive. Explain your choices.

Evaluate each of the following, accurate to the nearest cent.

Evaluate each of the following, accurate to the nearest cent. 153 $6600(1 + 0.085 x 365. 1+0.125 x 365

Evaluate each of the following, accurate to the nearest cent. 0.09 (1+ $1000 12 0.09 12

5) You are considering security with the following possible rates of return Probability Return (%) 0.10 8.5 0.30 12.6 0.40 14.7 0.20 22.3 Calculate the expected rate of return Calculate the standard...

8. Assume a $1.000 face value bond has a coupon rate of 6 percent, pays interest semi-annually, and has an eight-year life. If investors are willing to accept a 8 percent rate of return on bonds of...

In exchange for a $400 million fixed commitment line of credit, your firm has agreed to do the following: Pay 1.83 percent per quarter on any funds actually borrowed. Maintain a 3 percent...