In the 5:1 ratio the highest paid executive would earn $120,000 and with the 7:1 that executive would earn $168,000. A manager might be upset with these rules because their compensation could not exceed 5 or 7 times the amount made by the lowest paid employee. The managers compensation would not rise much from year to year and it offered no benefits if the company’s profits improved dramatically.
Answer:
True
Explanation:
The salary is paid to employees which means that the benefits that the employee receives by delivering its services is labor cost to the company. The company pays its employees to receive the desired services that the employee is willing to deliver its employer.
Principal Amount P = $ 48000
Rate of interest r = 6% = 0.06
Time interval t = 7
Formula for Interest I = P x r x t => I = 48000 x 0.06 x 7 => I = 2880 x 7
Total Interest for seven years would be $20,160
True. If you are a responsible co- worker you can watch out for others.
hope this helps you.=)
To determine the breakeven point in units, divide the fixed
costs by the contribution margin ratio.
To add, the contribution margin ratio is the
percentage ofcontribution margin to net sales.
Said differently, it is the difference between a company's sales and variable
expenses, expressed as a percentage.
