Based on the information provided, Jake's annual run rate is $146,400.
What is the run rate?
This refers to the general performance of a company based on the profits of a specific period.
How to calculate the run rate?
The general formula for this factor is:
- Revenue in a specific period/number of periods in the year
This means:
12,200 x 12 = 146,400
This means in a year it is expected Jake makes a total of $146,400.
Learn more about run rate in: https://brainly.com/question/13869204
