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Delicious77 [7]
3 years ago
10

Wendy worked as a salesperson and had the highest total dollar value of sales for all salespersons in her company in the first q

uarter. Thereafter, Wendy’s boss said that he would pay Wendy a $10,000 bonus on her next paycheck based on those first quarter sales. When Wendy received her next paycheck, there was no bonus. If Wendy sues her employer to recover the $10,000 bonus, the likely result will be ________.
Business
1 answer:
Mamont248 [21]3 years ago
5 0

Answer:

Wendy sues her employer to recover the $10,000 bonus, the likely result will be that Wendy will lose the case.

Explanation:

Wendy had the highest total dollar value of sales for all salesperson in the company in the first quater, then Wendy's boss said he will pay Wendy a $10,000 bonus on Wendy's next paycheck based on the first quarter sales but Wendy did not receive any bonus when her next paycheck was due. If Wendy decides to sue the company she will lose the case and the $10,000 bonus will not be given to her because she did not consider the total work done since the chances of her receiving the bonus depends on the first quater sales made.

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Lee Airlines plans to issue 12-year bonds with a par value of $1,000 that will pay $70 every six months. The bonds have a market
Zielflug [23.3K]

Answer:

After tax cost of debt = 10.43%

Explanation:

Market price = 960

Flotation cost = 0.07

Market price after Flotation cost = 960*(1-0.07) = 960*0.93 = 892.8

Face value = 1,000

Interest payment (PMT) = 1000*0.07 = 70

Term of payment = 12*2 = 24

Cost of debt before tax = Rate(24, 70, -892.8, 1000, 0)*2

Cost of debt before tax = 0.080198497*2

Cost of debt before tax = 0.160396994

Cost of debt before tax = 16.04%

Tax rate = 35%

After tax cost of debt = 16.04% * (1-35%)

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6 0
3 years ago
Floyd Industries stock has a beta of 1.20. The company just paid a dividend of $.50, and the dividends are expected to grow at 6
Elanso [62]

Answer:

a. 6.7%

b. 12.0%

Explanation:

a. DDM

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Return on equity = [ $0.5 x ( 1 + 6% ) / $76 ] + 6%

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Return on equity = 6.7%

b. SML

Security Market line method uses calculates the cost of capital using following formula

Re  =  R f  +  β   (  Rm  −  R f  )

Rf = Risk free rate

β = stock beta

Rm = Market rate

Re =Expected rate

Re = 5.9% + 1.20 ( 11% - 5.9% )

Re = 12.02%

5 0
3 years ago
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Answer:

From the question, the contract stipulates that Destin Company has three (3) performance obligations.

1. Manufacture a new 3D printer

2. Installation of the 3D printer.

3. Maintenance of the 3D printer over the life of the printer.

All three of these are to be performed by Destin Company for the client they signed the contract with.

4 0
2 years ago
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lyudmila [28]
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3 years ago
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Answer:

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Explanation:

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