Answer: C. A salaried manager who has a three-year employment contract
Explanation: Fixed costs are costs that remain the same for a long period of time, fixed costs do not vary easily they are the same over a long run, mostly constant through out the contract period or throughout the life of the business entity.
Variable costs are costs which vary from time to time, labor costs such as hourly payment for employees or worker they are paid according to the hours they put it.
the salaried manager receives the same salary over a long period of time which can be up to three years as the option clearly stated.
Answer:
$960
Explanation:
Given the information from the question. We need to calculate the contribution can she deduct Since Lois paid $1200 to customary IRA and she received a $240 savers credit. Thus, she will get derivation commitment less savers credit .as a result to get contribution can she deduct is $1200-$240= $960. Therefore, the correct answer is $960.
Answer:
b) Paying higher wages can reduce a firm's training costs.
c) Paying higher wages encourages workers to be more productive.
d) Higher wages attract a more competent pool of workers.
Explanation:
Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal. The point at which the MRPL equals the prevailing wage rate is the labor market equilibrium.
The idea of the efficiency wage theory is that increasing wages can lead to increased labour productivity because workers feel more motivated to work with higher pay. Paying higher wages encourages workers to be more productive. Higher wages attract a more competent pool of workers. Workers stay with employers longer (instead of seeking out better-paying work with other companies) reducing businesses’ turnover, hiring, and training costs.
Answer: 30%
Explanation:
We should note that debt payments-to-income ratio is calculated as:
= Debt payment / Net income
= 762 / 2540
= 0.3 or 30%
Therefore, the debt payments to income ratio is 30%
Answer:
The maturity value of certificate of deposit(CD) would be:
A = P 
wherein, A= Amount
P= Principal
r= rate of interest compounded annually
n= no of years to maturity
(a) two year investment plan:
$6000 (1 + .05) (1 + .05) = $6615
(b) five year investment plan:
= $6000 
= 6000 (1.2763) = $7657
(c) eight year investment plan:
= $6000 
= $6000(1.4774) = $8865 approx.
(d) twenty year investment = $6000 
= $6000 (2.6533) = $15,920 approx
