Question 1193872: Please help me solve the following problem.
Four apartments in a small block of flats, each of these apartments has a representative on the body corporate. The committee must calculate the share that each owner pays towards various expenses. They decided that the owners will pay a share that is in proportion to the floor area of their apartments. The floor areas are as follows: flat 1&2 =90 meter squared, flat 3=100 meter squared, flat 4=120 meter squared. There are monthly and annual expenses for these apartments. The body corporate will charge annual levy to each of the owners to cover all the expenses. Average monthly water bill is R340, average monthly refusal removal is R66, average monthly sewerage is R96, annual rates and taxes is R22300, annual maintenance is R12000.
1.1. Calculate the total monthly expenses for the body corporate.
1.2. Calculate the value of each owners monthly levy for the above mentioned expenses.
1.3. The committee decide to pay the gardener, who works once a week, out of the maintenance money. He is paid R100 per day and given an annual bonus of R1000.
1.3.1. How much does the gardener earn per annual?(assume there are 52 weeks in a year).
1.3.2. what is the ratio of the gardener's annual salary to the average annual maintenance
Answer by parmen(42)   (Show Source):
You can put this solution on YOUR website! **1.1. Calculate the total monthly expenses for the body corporate.**
* **Monthly Expenses:**
* Water: R340
* Refuse Removal: R66
* Sewerage: R96
* **Total Monthly Expenses:** R340 + R66 + R96 = R492
**1.2. Calculate the value of each owner's monthly levy for the above-mentioned expenses.**
* **Total Floor Area:** 90 + 90 + 100 + 120 = 400 square meters
* **Flat 1 & 2:** (90/400) * R492 = R110.70 per month
* **Flat 3:** (100/400) * R492 = R123.00 per month
* **Flat 4:** (120/400) * R492 = R147.60 per month
**1.3. Gardener's Salary and Ratio**
* **1.3.1. Gardener's Annual Earnings:**
* Weekly Salary: R100
* Annual Salary (excluding bonus): R100/week * 52 weeks = R5200
* Annual Bonus: R1000
* **Total Annual Earnings:** R5200 + R1000 = R6200
* **1.3.2. Ratio of Gardener's Annual Salary to Average Annual Maintenance:**
* Average Annual Maintenance: R12,000
* Ratio: Gardener's Annual Salary / Average Annual Maintenance = R6200 / R12,000 = 0.5167
* This means the gardener's annual salary is approximately 51.67% of the average annual maintenance budget.
**Key Notes:**
* This calculation assumes that the gardener works consistently throughout the year.
* This analysis does not include any potential increases in expenses or adjustments to the levy over time.
* The body corporate should regularly review and adjust levies to ensure they adequately cover all expenses.
I hope this helps! Let me know if you have any other questions.
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