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Darina [25.2K]
3 years ago
6

If a firm manager has a base salary of $100,000 and also receives 5 percent of all profits, what percentage of his/her final inc

ome will be from a profit-sharing plan when profit equals $1,500,000
Business
1 answer:
Crazy boy [7]3 years ago
5 0

Answer:

The correct answer is 42.86%.

Explanation:

According to the scenario, the given data are as follows:

Base salary = $100,000

Extra earnings = 5% of all profit

Total Profit = $1,500,000

So, first we calculate the total earning received by the manager.

So, Total Earning = Base Salary + 5% of $1,500,000

= $100,000 + $75,000

= $175,000

Now, we can calculate the percentage of his/her final income from a profit-sharing plan by using following formula:

Percentage of final income = (Share in profit ÷ Total earning) × 100

= ($75,000 ÷$175,000) × 100

= 42.86%

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Plagiarism

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3 years ago
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Explanation:

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In a high outcome interpendence scenario Nick will be forced to improve on the performance of Wyatt in order to meet team objectives.

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5 0
3 years ago
You are writing a feasibility report about the possibility of an office site in Cambridge consolidating with your Boston site. W
spayn [35]

Answer:

A feasibility report is a paper that examines a proposed solution and evaluates whether it is possible, given certain constraints. It includes six sections: introduction, background information, requirements, evaluation, conclusions, and finally, the recommendation or final opinion section.

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1. Write a Project Description. At this step, you need to collect background information on your project to write the description. ...

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3. List Evaluation Criteria. ...

4. Propose the Most Feasible Solution. ...

5 Write a Conclusion.

Explanation:

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3 years ago
On July 1 of last year, total employees at company E was decreased by 10 percent. Without any change in the salaries of the rema
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Answer:

The total of the combined salaries of all the employees at Company E after July 1 last year was 110% of that before July 1 last year.

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If we use numbers, as example, we can get that:

Before July 1st Company E' s employes had in average salary of $100.000 (example).  

If, after the decreased of employees, average salary was 10% percent more, that means that:

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So, total of combined salaries after decreased was

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$110.000 is the 110% of the average salary before decreased because:

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