Warshaw Company budgets payroll at $3,500 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of $12,000

with budgeted sales of $170,000. Sales for July are budgeted at $130,000

while purchases of inventory for July are budgeted at $970,000. Depreciation and insurance for July are estimated at $1,300

and $800, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 55%

of purchases for the month. The purchase of $2,200in equipment and $2,000 furniture is expected in July. If the percentage of monthly sales used in budgeting payroll increases 30%,

what would the total payroll budgeted for July be?

Ryan is deciding between attending western state university and eastern state university. he cannot attend both universities simultaneously. both are fine universities, but the reputation of western is slightly higher, as is the tuition. let mu subscript upper e and mu subscript upper w be ryan's marginal utilities from attending eastern and western state universities respectively and upper p subscript upper e and upper p subscript upper w be the prices of attending eastern and western state universities. using the rule of consumer optimum, ryan will decide to attend eastern state university, if mue/pe exceeds muw/pw attend eastern state university if mue/pe is less than muw/pw attend western state university, if pe/mue< pw/muw attend western state university, since it gives him more utility.