Michelle Can Enter a Small Business as a Full Partner

question 119

Short Answer

Michelle can enter a small business as a full partner and receive a salary of $40,000 a year and 10% of the year's profit, or she can be sales manager for a salary of $75,000 plus 5% of the year's profit. What must the year's profit be for her total earnings to be the same whether she is a full partner or a sales manager? Year's profit = $__________

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Definitions:

Smooth Muscle

A type of muscle found in the walls of internal organs and blood vessels, responsible for involuntary movements within the body.

Not Striated

Describes muscle tissue that does not display a pattern of bands or stripes under a microscope, often referring to smooth muscle found in the walls of internal organs.

Neuroglia

Non-neuronal cells in the nervous system that provide support, protection, and nourishment to neurons, often referred to as glial cells.

Neurons

Specialized cells in the nervous system that transmit information to other neurons, muscles, or gland cells through electrical and chemical signals.