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Doss [256]
3 years ago
9

Deshawn is in his fifth year of employment as a patrol officer for the metro police. his salary for his first year of employment

was $47,000. each year after the first, his salary increased by 4% of his salary the previous year. part a what is the sum of deshawn's salaries for his first five years of service?
Business
2 answers:
mart [117]3 years ago
7 0

ANSWER: $254,567.14

EXPLANATION: Deshawn was in his 1st year of employment when he was paid $47,000. In his 2nd year, his salary increment was by 4% which was $ 1,880. So, the total salary for 2nd year was $48,880. His third year increment was 4% of $48,880, which was $1,955.20. The 3rd year's salary was $50,835.20. Deshawn got the fourth increment in his 4th year which was by $2,033.40. His 4th year salary stood at $52,868.60. The fifth year's salary was again increased by 4% and the amount by which it increased was $2,114.74. The net salary at the end of 5th year came to $54,983.34

Now, adding all the salaries he earned in the 5 years, the calculation will be $47,000 + $48,880 + $50,835.20 + $52,868.60 + $54,983.34 = $254,567.14

Vlad1618 [11]3 years ago
6 0
The sum of Deshawn's salaries for his first five years of service is $254,567.
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Conceptual

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Conceptual decision making is based on creative thinking and the leader is not afraid to take risks and take the visionary approach to solve his/her problems. In the given scenario, Marie is a risk taker and consider her alternatives taking into account the broader perspective and future possibilities. She is more achievement oriented than finding immediate short term solutions.

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3 years ago
Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f
Nady [450]

Answer:

1. The margin for Alyeska Services Company: 27.37%

2. The turnover for Alyeska Services Company= 49.45%

3. The return on investment (ROI) for Alyeska Services Company = 13.54%

Explanation:

Please find the below for detailed explanations and calculations:

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7 0
3 years ago
On July 1, 2019, Sunland Company purchased new equipment for $80,000. Its estimated useful life was 5 years with a $10,000 salva
Paraphin [41]

Answer:

On December 31,2019

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(Being the depreciation expense is recorded)

Explanation:

The journal entry is shown below;

On December 31,2019

Depreciation expense Dr $7,000

          To Accumulated depreciation $7,000

(Being the depreciation expense is recorded)

The computation is shown below:

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If you need any clarification do comment.

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