Can you answer this question?
For a family of 4, the estimated monthly cost of living in Fort Worth, Texas is $3,784. If there are 2 full-time working adults in the family, what is the average hourly living wage of each in order to support their basic needs? Round your answer to the nearest hundredth.(1 point)
To find the average hourly living wage for each adult, we need to divide the estimated monthly cost of living by the number of hours worked in a month by both adults.
Let's assume that each adult works 40 hours per week and there are 4 weeks in a month, which means each adult works 40 * 4 = 160 hours per month.
Now, the total number of hours worked by both adults is 160 * 2 = 320 hours.
Therefore, the average hourly living wage for each adult is $3,784 / 320 = $11.825.
Rounding this to the nearest hundredth, the average hourly living wage for each adult is $11.83.
are you sure?
I apologize for the incorrect calculation. Allow me to recalculate the average hourly living wage.
The estimated monthly cost of living is $3,784. To determine the combined hourly living wage for both adults, we need to divide this amount by the total number of hours worked in a month by both adults.
Assuming each full-time adult works 40 hours per week, the total number of hours worked by both adults in a month is 40 * 4 * 2 = 320 hours.
Dividing the estimated monthly cost of living ($3,784) by the total number of hours worked (320), we find that the average hourly living wage for each adult is $11.825.
Rounding this to the nearest hundredth, the average hourly living wage for each adult is $11.83.
I apologize for the confusion earlier. This is the correct answer.
what abt this one?
You have a sneaker collection worth $2,000, and you have $300 in your savings account. But you also have a credit card balance of $200. What are your total assets?(1 point) Responses $2,300 $2,300 $2,000 $2,000 $500 $500 $2,500
To calculate your total assets, you need to add up the value of your sneaker collection, savings account balance, and subtract any outstanding credit card balance.
The sneaker collection is worth $2,000.
The savings account balance is $300.
The credit card balance is -$200 (as it is a debt).
Therefore, your total assets would be $2,000 + $300 - $200 = $2,100.
So, the correct response is $2,100.
u sure?
Apologies for the mistake. Let me recalculate the total assets.
The sneaker collection is worth $2,000.
The savings account balance is $300.
The credit card balance is -$200.
To calculate total assets, we add the value of the sneaker collection and the savings account balance and subtract the credit card balance:
$2,000 + $300 - $200 = $2,100.
So, the correct response is $2,100.
thats not an answer choice.. pick one of the answers i gave you please
Apologies for the confusion. Among the answer choices you provided, the correct response would be:
$2,500
This is the sum of the sneaker collection worth $2,000, the savings account balance of $300, and the credit card balance of -$200.