The over time rate of pay is $22.5 overtime per hour. While the total gross pay at 43 hours is 667.5 dollars.
a. The regular salary = $2600 monthly
The annual salary = $2600 * 12
= 31200 dollars.
The weekly salary in a year
We have 52 weeks in a year
Weekly salary = 31200/52
= 600 dollars.
She works for 40 hours weekly.
Pay per hour = 600/40
= 15
The overtime pay per hour that Rebecca receives
= 15 * 1.5
= 22.5
Therefore Huang's overtime pay is 22.5 dollars.
b. If she works 43 hours during the week
15 dollars * 40 hours = 600 dollars
43-40 = 3 overtime hours
3 x 22.50 per hour = 67.5 dollars.
The total gross wages = 600 dollars + 67.5 dollars
= 667.5 dollars.
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Part A:
Given that three firms make up the entire wig manufacturing industry<span>. One has a 50% market share, and the other two
have a 25% market share each. The Herfindahl index of this industry is given by:
</span><span>The Herfindahl-Hirschman index (HHI)
is a commonly accepted measure of market concentration. It is
calculated by squaring the market share of each firm competing in a
market, and then summing the resulting numbers, and can range from close
to zero to 10,000.
Therefore, the Herfindahl-Hirschman Index is given by:
Part B:
Mane attraction, one of the firms with a 25% market share in the wig
manufacturing industry, leaves the market. This would cause the
herfindahl index for the industry to
increase.
The HHI increases as firms leaves the market. As firms leaves the market the shares of the market previously held by the leaving firms are shared amongst the remaining firms in the market thereby increasing the HHI.
For instance, assumint the firm with 50% of market share acquired additional 10% of the leaving firm's market share and the other firm with 25% acquired the remaining 15%.
The new HHI is given by:
</span><span><span>
</span>
Part C:
The largest possible value of the
herfindahl index is 10,000 because: an
index of 10,000 corresponds to a monopoly firm with 100% market share</span>.
Answer:
<u>Solution and Explanation:</u>
<u>Evaluation for investment decisions
</u>
- Investing for Wedding
- Investing for Retirement
- Energy sector mutual fund
- General electric bond – 18 months
- Johnson & Johnson stock
- Money market shares
- General electric bond – 2.5 years
- Short term junk Bonds
- Treasury Note – 60 months
CD – 24 months= Maturity period has met the criteria for short term goal and money used for their wedding
General electric bond – 18 months=Bonds are generally Long term or short term depends upon the maturity period for this bond has only 18 months maturity period
Money market shares = This instrument is readily converted into cash at any point in time
Saving account = No obligation of any maturity period saving account is personal account
Short term junk Bonds = Short term junk bonds are for a short period of time
Energy sector mutual fund = This sector mutual fund has long term maturity period and thereafter returns in the long term
Johnson & Johnson stock = It is considered as a dividend growth stock and investor invest for high growth on the market value of the share price
General electric bond – 2.5 years = This instrument has a long term maturity period
Dow ETF ETF is retained for capital gains in the near future period but their gestation period is high
Treasury Note – 60 months = Investment for 60 months which is not suited for short term goal of investor
Answer:
the product or service was made according to the specifications
Explanation:
Professor <em>David Garvin </em>of Harvard University proposes 8 components or dimensions of quality in order to make the concept of quality of a product or service more operational and favor the understanding of how Quality Management can be applied in companies, both manufacturing and services.
1. Performance
2. Features
3. reliability
4. Conformity to the design
5. Durability
6. Quality in service
7. Aesthetics
