Answer: Be split between Duke and the law firm, but how it will be split cannot be determined without more information.
Explanation: The law firm would have entered into a certain type of contract when signing Duke. Therefore the contract terms would determine how he is paid and also the bonus he would tend to get in times of outstanding performances from Duke the employee.
It's only when the contract terms is known that we can able to determine how much Duke would take home in a situation of an excess profit.
Answer:
$46.82
Explanation:
Present value is the sum of discounted cash flows
present value can be calculated using a financial calculator
Cash flow in year 1 = $3.06
Cash flow in year 2 = $3.42
Cash flow in year 3 = $3.78 + $56 = $59.78
I = 13%
Present value = $46.82
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
the myth most likely to be held by employees is
There is always room for one more person at the top,
some of other myths are
Career planning and development are functions of human resource personnel .
The way to get ahead is to determine your weaknesses and then work hard to correct them.
Good subordinates make good superiors.
