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4 years ago

Shawn works 40 hours a week as a store manager. If he made 27040 last year how much was he paid per hour

1 answer:

Klio2033 [76]4 years ago

7 0

First we find out how many weeks are in 1 year:
1 year = 52.1429 weeks

Then we find out how many hours he worked in a year by multiplying the number of hours he worked by the number of weeks there are in a year:
40 hrs/week x 52.1429 hrs/year = 2,085.716 hrs

Finally we divide:
27,040 dollars/year by 2,085.716 hrs

Afterwards we get 12.964372906, or to make it simpler we would round and get 12.96 dollars/hour

So your answer is $12.96 per hour.

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What is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in

Dominik [7]

The economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in doing just their small <span>part is "division of labor".</span>

7 0

3 years ago

Katie's Dinor spent $84,000 to refurbish its current facility. The firm borrowed 80 percent of the refurbishment cost at 9.2 per

jenyasd209 [6]

Answer:

The question is missing the below options:

$1,333.33

$1,401.49

$1,108.91

$1,282.16

$1,487.06

Monthly payment is $1,401.49 as shown below

Explanation:

In calculating the amount of each monthly payment, PMT formula in excel comes very handy.The formula is stated below:

PMT(rate,nper,pv,-fv)

The rate is the percentage of interest payable on the loan considering that repayment is made monthly, hence the rate in this case 9.2% divided by number of repayments in a year,12

rate=9.2%/12=0.007666667

nper is the number of times repayment would be made, which is calculated as five years multiplied by the number of repayments in a year i.e 5*12=60

pv is the actual amount borrowed , 80%*$84000=$67200

The fv future value is nil

PMT(0.007666667 ,60,67200,0)

PMT=$1,401.49

Find attached as well.

Download xlsx

6 0

3 years ago

What basically compares what an individual owes compared with how much they earn monthly?

STALIN [3.7K]

Answer:

C. Debt to Income Ratio

Explanation:

The debt to income ratio (DTI)provides a picture of the level of debts of a borrower. The DTI is usually expressed as a percentage of gross income. A high debt to income ratio indicates a person spends a high percentage of income on paying debts.

Lenders use the debt to income ratio to assess a borrower's ability to repay debts. Individuals with low DTI are preferred to those with a high one.

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3 years ago

To compete in the automobile market, Tesla must make many strategic decisions such as whether to introduce a new car model, ho

bagirrra123 [75]

Answer:

Explained

Explanation:

At Tesla's Fremont, California plant, managers must decide on the monthly production quantities of their S and X models. In making this decision, the managers must face a trade-off, because producing more of one model means producing less of the other. So, there need to an optimum balance between production of model S and X and too will depend upon the demand in the market once, the variants are launched.

6 0

3 years ago

Suppose the production function in medieval Europe is Y 5 K 0.5L0.5, where K is the amount of land and L is the amount of labor.

Sonbull [250]

Answer:

a) Y = 500

b) Wages: 2.5

Rental price: 2.5

c) labor Share of output: 0.370511713 = 37.05%

Explanation:

$Y = 4K^{0.5} \times L^{0.5}$