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frosja888 [35]
3 years ago
8

Justin just started his first post-college job at bigchem, incorporated. part of his benefit package is a defined benefit plan t

hat is based on his salary in his last year of employment. he's wondering what his final salary will be. if his starting salary is $50,000 and he receives a raise of 2.7% per year every year for 43 years what will his ending salary be?
Business
2 answers:
tatiyna3 years ago
7 0
His pay in the end will be 108,050
mash [69]3 years ago
4 0

Calculations are as follows:

Starting Salary= $50000

Yearly Raise= 2.7% of $50000 i-e 50000*0.027= $1350

Justin receives this raise for 43 years i-e 43*1350= $58050

So Justin's ending salary will be: $50000 + $58050= $108050

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Aleks [24]

Answer:

Standard of value.

Explanation:

When money serves as a common denominator for measuring the exchange rates among goods and services, it performs as a standard of value.

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mr_godi [17]

The scenario that's illustrated by Wegman is simply known as A. Job enrichment.

<h3>What is job enrichment?</h3>

It should be noted that job enrichment simply means a process whereby there are different dimensions added in order to make a job more motivating.

In this case, employees are empowered to meet customer needs without seeking a manager's permission abs this is an example of job enrichment.

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6 0
2 years ago
How much increase in net worth (equity) would a market basis balance sheet show over a cost basis if Land was purchased for $1,0
Pachacha [2.7K]

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Explanation:

Increase in net worth shows the after tax gain that the person got after the land in question increased in value.

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3 0
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Answer:

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5 0
3 years ago
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False

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