Question: PLEASE COMPLETE ALL FOR THUMBS UP 3. Joe Podivinski, 19, needs a job to cover part of his university tuition next year. He is looking

PLEASE COMPLETE ALL FOR THUMBS UP

PLEASE COMPLETE ALL FOR THUMBS UP 3. Joe

3. Joe Podivinski, 19, needs a job to cover part of his university tuition next year. He is looking to raise $7,200 over the summer towards this goal. Acme Vacuum Company would hire him to sell robotic vacuum cleaners door-to-door. The company estimates that Joe's variable costs per sale (including paying Acme for its vacuums) will amount to 70% of the selling price of the units. Joe's fixed costs for the summer, including rent and expenses, is $2,800. Acme estimates a keen salesperson can sell $30,000 of robotic vacuum cleaners over the summer. Joe also knows he can instead return to his union job in a manufacturing plant. Although his salary would be assured at that job, he would be able to save only $6,200 for tuition. Which job should Joe take? What factors did you consider when making your decision? 4. Martin's Board Game Emporium sells games purchased from a wholesaler, who in turn buys them from a manufacturer. The wholesaler charges a 20% margin on its selling price, and Martin enjoys a modest 95% mark-up on cost. If the manufacturer sells the games for $20, what is Martin's selling price to customers

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