Answer:
Total weekly pay of August = = $ 1468.75
Explanation:
Annual salary = $30,000
Monthly Salary = $ 30,000/12= $ 2500
Salary for 40 hours * ( 4 weeks) = 160 hours = $ 2500
Salary for 1 hour= $ 2500/160= $ 15.625= $ 15.63
He worked additional 4 hours so pay for four hours is = 4 * 15.63= $ 62.5
But as he is a non exempt employee he is entitled to get 1.5 times higher than normal pay for over time so
he will be paid $ 62.5 * 1.5= $ 93.75 for over time
Commission on Sales = 3 % of $25,000
= $ 750
Weekly pay= $ 2500/4= $ 625
Total weekly pay of August = Weekly pay + Commission + Overtime
= $ 625 + $ 750 + $ 93.75
= $ 1468.75
Answer: A
Explanation:
The borrower can adjust the monthly payment depending on his or her income.
<span>Having a nominal interest rate less than 0 would mean that a depositor pays a bank to hold its money. If the annual nominal interest rate is negative 1 percent, a deposit of $1000 dollar would come out $10 dollar short the following year which is why someone with dollar bills will never agree to loan with a nominal interest rate that is negative percent.
</span>
Answer:
6.54%
Explanation:
Face Value = $2,000
Current Price = 2000 x 99.727% = 1994.54
YTM = 6.56%
We can find the coupon rate by a simple formula
Coupon Rate = (Interest / Face value) x 100
We need to find interest first in order to find coupon rate
YTM = Interest / Current price
6.56% x 1994.54 = Interest
130.84 = Interest
Coupon Rate = (130.84 / 2000) x 100
Coupon Rate = 6.54%
This financial unit is an example of a <u>"strategic business unit".</u>
Strategic Business Unit (SBU) suggests an independently managed division of an extensive organization, having its own vision, mission and goals, whose arranging is done independently from different organizations of the organization. The vision, mission and destinations of the division are both particular from the parent enterprise and essential to the long term execution of the enterprise.
The structure of Strategic Business Unit comprise of working units; wherein the units fill in as a self-ruling business.
