1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Advocard [28]
3 years ago
9

A 6% pay increase to your current $62,900 annual salary. "thanks, i look forward to the additional __________ per month."

Business
1 answer:
leva [86]3 years ago
6 0
<span>So 6% of $62,900 is $3774, which you then divide by 12 because there are 12 months and you want to see how that $3774 increase breaks down to one month. When you divide 3774 by 12 you get $314.50. So they would be looking forward to an additional $314.50 per month.</span>
You might be interested in
Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the union bank has no excess reserves. if
ahrayia [7]
The answer is 40,000
3 0
3 years ago
Round Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan
asambeis [7]

Answer:

EPS of Plan I = $3.19

EPS of Plan II = $2.82

Explanation:

Under Plan I:

Plan I's Earning per share (EPS) = EBIT ÷ Number of shares = $575,000 ÷ 180,000 = $3.19

Under Plan II:

Interest = $2,600,000 × 8% = $208,000

Earning after Interest = EBIT - Interest = $575,000 - $208,000 = $367,000

Plan II's EPS = $367,000 ÷ 130,000 = $2.82

5 0
3 years ago
When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $
Novosadov [1.4K]

Answer:

$5,360

(not given in the options)

Explanation:

Depreciation is the systematic allocation of cost to an asset based on estimates. It is given as

Depreciation = (cost - salvage value)/useful life

When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $1,600

Annual depreciation = ($23,040 - $1,600)/8

= $2,680

After 4 years

Accumulated depreciation = 4 × $2,680

= $10,720

The net book value then

= $23,040 - $10,720

= $12,320  

Since the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value

New depreciation = ($12,320  - $1,600)/2

= $5,360

The depreciation expense in year 5 equals $5,360

8 0
3 years ago
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands,
MrRissso [65]

Answer:

                                                                     2022         2021

EPS                                                                 $1.12         $0.99

Explanation:

EPS = NET INCOME / no of shares outstanding

       = $75801000/68000000 =1.12 (2022)

       = $68855000/ 69820000= 0.99 (2021)

3 0
3 years ago
What is the purpose of the 1040 series of tax forms?
melamori03 [73]
It is the standard (IRS) form that individuals use to file their annual  income tax returns
6 0
3 years ago
Read 2 more answers
Other questions:
  • Blossom Company reports operating expenses of $100,000, excluding depreciation expense of $17,000 for 2022. During the year, pre
    13·1 answer
  • Companies that use a two-tier forecasting system first cluster (or "roll up") several similar services or products in a process
    14·1 answer
  • When Ingrid was selling her house, she contacted Gabe, her real estate agent, to help her with the sale. Gabe's services include
    5·1 answer
  • Recently, ink has been developed that will conduct electricity. The application for this ink is to print circuitry that can be r
    11·1 answer
  • A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th
    11·1 answer
  • Being undecided on what to do with $100,000 just received on F's policy, decides to leave the proceeds on deposit with the insur
    13·1 answer
  • Based on the following information, what amount would be subtracted from the bank balance side of a checking account reconciliat
    14·1 answer
  • Which of the following statements is true of partnerships?
    5·1 answer
  • Victoria Company reports the following operating results for the month of April. VICTORIA COMPANY CVP Income Statement For the M
    15·1 answer
  • Which career is best described by someone who buys materials, products, and services for an organization?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!