The profit motive is important to a market economy because it

Anna35 [415]

Based on the different types of compensation and their determination, the following are true:

Wages - Paid by the Hour - Sarah's direct deposit.
Commission - A percentage of sales - Lucinda's percentage.
Salary - Calculated weekly or monthly - Frank's overtime pay.
Bonuses - For performance - Janet's Low Sales.
Profit sharing - Based on Co. earnings - Robert's year end reward.

<h3>Types of compensation </h3>

Wages are calculated by the hour and then paid to the relevant employee sometimes in cash or by direct debit. Commissions are a percentage of sales.

Salaries are calculate monthly or weekly and include overtime. Bonuses are based on performance so people who don't perform well don't get much. Profit sharing depends on how much a company makes in a year and are distributed at the end of the year.

Find out more on compensation types at brainly.com/question/6480493.

3 0

2 years ago

You decided to save all of tax refunds next four years. Given your projection of your annual income and effective tax rate, you

Galina-37 [17]

Answer:

Final value= $15,101.13

Explanation:

Giving the following information:

You believe that you will be able to invest $3,000, $3,300, $3,800, and $4,000 next four years. The interest rate is 5%.

To calculate the final value of each deposit we need to use the following formula:

FV= PV*(1+i)^n

Year 1= 3,000*1.05^3= $3,472.88

Year 2= 3,300*1.05^2= 3,638.25

Year 3= 3,800*1.05= 3,990

Year 4= 4,000

Total= $15,101.13

7 0

4 years ago

(a) On March 2, Blossom Company sold $853,600 of merchandise to Kingbird Company on account, terms 3/10, n/30. The cost of the m

tester [92]

Answer:

The answers are:

A) to record sales

Dr Accounts Receivable 853,600

Cr Sales Revenue 853,600

to record inventory

Dr Cost of Goods Sold 540,300

Cr Merchandise Inventory 540,300

B) to record sales returns

Dr Sales Returns & Allowances 114,200

Cr Accounts Receivable 114,200

to record inventory

Dr Merchandise Inventory 68,200

Cr Cost of Goods Sold 68,200

C) to record payment

Cr Cash 717,218

Cr Sales Discounts 22,182

Dr Accounts Receivable 739,400

8 0

4 years ago

Consider the four-step process that many companies follow to estimate the market demand curve for their product. Place the steps

mote1985 [20]

Answer:

The four-step process that many companies follow to estimate the market demand curve for their products are:

a. survey customers

d. add up the total quantity demanded by the customers at each price

c. scale up the quantities demanded by the survey respondents

b. plot the demand curve

Explanation:

The above steps enable the companies to estimate the market demand for their products. They also segment the demand to ascertain the segments that will perform better than others. The behavior of consumers is modeled during the estimation to verify how the price of the product, consumer income, or any other variables will impact the market demand.

6 0

3 years ago

Recently, our managers have suggested making a variety of changes. Which of the following changes should not be implemented if w

Scrat [10]

Answer:

Options A, B & D

Explanation:

Relational coordination refers to integration of tasks and better synchronization of activities between employees.

The process relates to inter linking tasks and communication for better processing and efficient performance.

In the context of the given case,

Providing skills to employees so as they win in conflicting situations rather than resolving them would lead to lower level of relational coordination.

Similarly, by providing private offices would reduce the level of coordination between employees.

Assigning specific tasks and laying out job description again would lead to reduced coordination and integration of activities.

3 0

3 years ago