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General/Operations Manager

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AVG. SALARY

$97,140

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EDUCATION

Bachelor's degree or higher +

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JOB OUTLOOK

Stable

Real-Life Activities

Real-Life Math -- Solution

You are looking over the financial statements at your company. This will help you plan the direction of your company. This is what you calculate:

If you do double the gross income, will it be greater or lesser than last year? By how much?

This year gross income for 6 months = $650,000

To make this 12 months, double the amount:

$650,000 x 2 = $1,300,000 (or $1.3 million)

The company's gross income for 12 months should be $1.3 million.

Last year gross income = $1.5 million

$1,500,000 - $1,300,000 = $200,000

Last year's gross income will be more than this year's projected gross income by $200,000.

Will your net income be lesser or greater than last year? By how much?

This year net income for 6 months: $250,000

For 12 months, double the amount:

$250,000 x 2 = $500,000

Last year net income = $500,000

The net income for this year is projected to be the same as it was for last year.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.