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kifflom [539]
3 years ago
5

Mann, Inc., has a bonus plan covering all employees. The total bonus is equal to 10% of Mann’s preliminary (prebonus, pretax) in

come reduced by the income tax (computed on the preliminary income less the bonus itself). Mann’s preliminary income for the year is $200,000 and the income tax rate is 40%. How much is the bonus for the year?
Business
1 answer:
zloy xaker [14]3 years ago
7 0

Answer:

$12,500

Explanation:

Bonus = 10% x ($200,000 - taxes)

Bonus = $20,000 - 0.1T

So we must now find T:

T = 40% x ($200,000 - Bonus)

T = $80,000 - 0.4Bonus

now we can replace:

Bonus = $20,000 - 0.1($80,000 - 0.4Bonus)

Bonus = $20,000 - $8,000 + 0.04Bonus

Bonus - 0.04Bonus = $12,000

0.96Bonus = $12,000

Bonus = $12,000 / 0.96 = $12,500

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Answer:

specialty store

Explanation:

Based on the scenario being described within the question it can be said that for this you would most likely choose a specialty store. This refers to a retail business that focuses on very unique and specific product categories, in which everything revolves around that category. This category may be unique but offer a wide variety of product offering within it.

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3 years ago
Question 3 of 10
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underrepresented student scholarship.

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The Utah Mining Corporation is set to open a gold mine near Provo, Utah. According to the treasurer, Monty Goldstein, "This is a
Alik [6]

Answer:

IRR = 13.05%

Explanation:

using an excel spreadsheet, the cash flows are:

year 0 = -$3,200,000

year 1 = $425,000

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year 3 = $459,000  x 1.08 = $495,720

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year 5 = $578,208

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year 7 = $674,422

year 8 = $728,375

year 9 = $786,645

year 10 = $849,577

year 11 = ($849,577  x 1.08) - $480,000 = $917,543 - $480,000 = $437,543  

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The internal rate of return (IRR) is the discount rate at which a project's NPV (net present value) would equal $0.

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3 years ago
Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
prohojiy [21]

Answer:

a. 30 units of corn and 30 units of wheat.

Explanation:

Freedonia:<u><em> (without trade)</em></u>

6 corn   x 5 workred = 30 corn

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Fredonia <u><em>(with trade)</em></u> will focus on corn only:

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total 30 units of both goods.

4 0
3 years ago
Sentence or a short
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Look at the very last page (page 2) of this pdf, does it help?

https://www.monmouth.edu/resources-for-writers/documents/bluebook-explanatory-parentheticals.pdf/

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